Condo of the Week: $550,000 for a ground-floor unit in Humber Valley
Address: 1135 Royal York Road, Unit 103 Neighbourhood: Humber Valley Agent: Liz and John Stevenson, Royal LePage Real Estate Services Ltd., Brokerage Price: $550,000
The place: A two-bedroom condo on the first level of a 14-storey building. Royal York Station is a 20-minute walk south.
The history: The tower, built in 2011, is a bit of an anomaly in this still mostly low-density, somewhat condo-averse area—a neighbourhood with plentiful parkland and great schools. Even though the current owners have two children, the place still looks new.
Big selling point: Because the unit is on the first floor, the buyer will never need to wait for elevators with groceries in hand, climb stairs or guiltily track mud through a common hallway. The best part is the small terrace, which is like a front yard.
Possible deal breaker: The maintenance fees are higher than one might expect in such a new building, but the extra money buys extensive amenities, including 24-hour concierge service, a billiards room, a gym and an indoor pool.
By the numbers:
• $550,000 • 1,031 square feet • $667 in monthly fees • 209 units in the building • 80-square-foot terrace • 9-foot ceilings • 2 bedroom • 2 bathrooms • 1 den • 1 parking space
