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Real Estate News

Sale of the Week: The $575,000 condo that proves Regent Park isn’t immune to multiple-offer madness

By Kelly Reid| Photography by Studio GTA
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The condo that sold at 225 Sackville Street
Listed At
$509,900
Sold For
$575,000

Address: 225 Sackville Street, Unit 1709 Neighbourhood: Regent Park Agent: Rizwan Malik, Sotheby’s International Realty Canada, Brokerage Previously sold for: $384,576, in 2012      

The property

A Regent Park condo whose listing kicked off a bully offer feeding frenzy.

The kitchen and living room are combined:

Sale of the Week: The $575,000 condo that proves Regent Park isn't immune to multiple-offer madness

A closer look at the kitchen:

Sale of the Week: The $575,000 condo that proves Regent Park isn't immune to multiple-offer madness

The guest bedroom is set up as a den:

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Sale of the Week: The $575,000 condo that proves Regent Park isn't immune to multiple-offer madness

And here’s the master bedroom:

Sale of the Week: The $575,000 condo that proves Regent Park isn't immune to multiple-offer madness

The balcony view:

Sale of the Week: The $575,000 condo that proves Regent Park isn't immune to multiple-offer madness
The history

The sellers bought the unit brand new in 2012. Now, they’re expecting their first child. To avoid being priced out of the freehold market, they decided to hurry up and sell.

The fate

The new owners are first-time buyers. They’re taking possession in April.

The sale

On the first day of showings, there were six bully offers. The sellers accepted the highest of them, which was about $65,000 over asking. The selling agent says the sale price is the highest ever recorded in the building.

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By the numbers

• $575,000 • $2,634.94 in taxes (2016) • 800 square feet • 3 days on MLS • 2 bedrooms • 2 bathrooms

The Hunt

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