Sale of the Week: the $970,000 townhouse that shows location and space can still be had—for a price
Address: 10 Plymouth Avenue, Unit 1
Neighbourhood: Little Italy
Agent: Matt Manuel and Paul Johnston, Right At Home Realty Inc., Brokerage
The Property: The end unit on a row of semi-detached townhomes, located on a quiet laneway within walking distance of Trinity Bellwoods Park. The fact that it shares only one wall with neighbours means it has ideal south, east and west exposures and an unobstructed view of the downtown skyline. In terms of square footage, it approaches the size of an actual home, but it’s taxed like a condo. A central staircase creates a neat dividing line through the interior space, and a finished lower level gives the owner a little extra room to sprawl. Out back, the private yard is a low-maintenance concrete urban garden.
The History: The property was built in 2007 by Cityscape Urban Developments. The home’s sellers were long-time occupants who maintained the home well and sold it in “as-is” condition. There was no need for renovations, which ultimately was a selling point for the purchasers, who were seeking a turnkey home. When they walked in, they knew this was the one.
The Fate: With no renovations necessary, the new occupants need only concern themselves with customizing the modern bathrooms and kitchen to suit their tastes. Maintenance fees are a mere $305 monthly. As for the property’s investment potential, Trinity Bellwoods is a well-rounded neighbourhood that has already arrived. Property values there will always be buoyed by the park’s appeal, and by regular facelifts to the area’s commercial spaces.
The Sale: This sale capitalized on Toronto’s pent-up demand for the hipster trifecta (laneway bragging rights, park proximity and plenty of space) by offering all those things during a period of pronounced short supply. This scarcity drove the price up well over listing. The sellers received a single round of four offers within 24 hours, mostly from potential purchasers who were already on the lookout for a property hitting on all those points. The sellers accepted the best one without further bidding and closed the deal.
By The Numbers:
• $972,205
• 2,200 square feet
• $305 in maintenance fees
• 108 per cent of list price
• 4 offers in 24 hours
• 3+1 bedrooms
• 3 bathrooms
• 2 days on the market
• 1-car garage, with one-car parking permitted in the laneway
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- The home's exterior. It's an end unit, so it shares only one wall with neighbours
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- Here's the family room
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- And here's a reverse view through the family room to the kitchen. Note the central staircase leading up to the second floor and down to the finished lower level
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- Here's the kitchen and dining area
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- And here's a closer look at the kitchen, with its stainless-steel appliances and grant countertops
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- A closer view of the dining area
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- The second floor consists of the master bedroom (seen here) and two other bedrooms
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- This is the master bedroom's en suite washroom
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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- And here's another second-floor bedroom
- Sale of the Week: 10 Plymouth Avenue, Unit 1
- Sale of the Week: 10 Plymouth Avenue, Unit 1
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 by offering all those things during a period of pronounced short supply. This scarcity drove the price up well over listing. The sellers received a single round of four offers within 24 hours, mostly from potential purchasers who were already on the lookout for a property hitting on all those points. The sellers accepted the best one without further bidding and closed the deal.
By The Numbers:
• $972,205
• 2,200 square feet
• $305 in maintenance fees
• 108 per cent of list price
• 4 offers in 24 hours
• 3+1 bedrooms
• 3 bathrooms
• 2 days on the market
• 1-car garage, with one-car parking permitted in the laneway
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Call me crazy, but I believe size + location has always been a possibility for $1M.
$300+/month for maintenance doesn’t seem “mere” for a townhouse. There is very little shared amenities to pay for. Also, that bathroom sure doesn’t look like it needs updating.