Sale of the Week: The $451,000 Liberty Village condo that proves negative internet rumours can be overcome

Address: 38 Joe Shuster Way, Unit 1802
Neighbourhood: Liberty Village
Agent: Constance DeCoste and Monte Burris, Keller Williams Referred Urban Realty, Brokerage
Previously sold for: $295,000, in 2015
 
 
 

The property

A condo in a building trying to shed its bad internet rep.

The bedroom is cordoned off from the living area with sliding doors:

Here’s a closer look at the living area, with a skinny dining table behind the couch:

The kitchen:

Here’s the den:

Another look at the bedroom:

And here’s the balcony:

The history

The seller, a professional real estate stager with Trust Staging, has been in this 2012 building for several years, but she needed more space for her growing family. She’s moving into a two-bedroom unit elsewhere in the same tower.

The fate

The buyer is a young woman. She managed to secure a quick closing: she’ll move in this Friday, just two weeks after the sale.

The sale

In part because the building is battling a years-old bedbug rumour, the units are on the affordable side. The seller rejected two bully offers, which were conditional and too low. Five more offers came in on offer day, of which three were competitive. After one round of improvements, the seller accepted the highest one, at $52,000 over asking.

By the numbers

• $451,000
• $2,380.39 in taxes (2017)
• 670 square feet
• 7 days on MLS
• 2 bathrooms
• 1 bedroom

The Hunt

City

Winners and Losers: Toronto’s new deal

Olivia Chow and Doug Ford’s new collab—which will throw billions of provincial dollars at Toronto’s financial woes—has been cause for both celebration and despair