Sale of the Week: the $640,000 unit that proves condo living in St. James Town isn’t only for the young
The Property: This modern corner-suite condo has an open concept design with new hardwood floors and an upgraded kitchen. A television and custom fireplace are built into a feature wall in the living room.
The History: In 2008, developer Tridel spent $1 million to relocate the heritage-designated James Cooper mansion 20 feet to the west, in order to make room for this condo tower’s construction. The restored historic building now houses some of the condo’s common elements, including a theatre and lounge.
The Fate: The unit was marketed beyond the young professional set, netting it an older buyer. According to the agent, St. James Town is experiencing an influx of former Rosedalians and Summerhillers, who are attracted by its proximity to the subway and improving reputation.
The Sale: A busy week of showings was cut short when the eventual buyer pounced on the opportunity with a speedy offer.
By the Numbers:
• 1,060 square feet
• $766 in monthly maintenance fees
• 96 per cent list price
• 11 days on the market
• 2 bathrooms
• 2 bedrooms
• 2 parking spots