Condo of the Week: $550,000 for a ground-floor unit in Humber Valley

Condo of the Week: $550,000 for a ground-floor unit in Humber Valley

The condo unit at 1135 Royal York Road

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