Done Deal, 308 Palmerston, Toronto
308 Palmerston Ave., No. 401, Toronto
Asking price: $299,000
Selling price: $292,000
Previous selling price: $165,486 (2007)
Taxes: $1,200 (2009)
Days on the market: 30
Listing agents: Douglas and Trevor Freeman, Freeman Real Estate Ltd.
The size of this one-bedroom unit suits the needs of a limited number of buyers, but its address in Little Italy has universal appeal, says agent Trevor Freeman.
"It's an entry-level, one-bedroom unit in a very desirable building and an extremely desirable location," he says. "It's a good option for people looking to get into the area for $300,000."
Trendy restaurants, bars and cafés are steps from the condominium, which was completed within the established low-rise community a few years ago.
"There are really not many condos available in that area," says Mr. Freeman. "[This]is a relatively new building that shows very well and the units are very nice."
This particular fourth-floor unit was designed with hardwood floors, stainless-steel appliances and a granite-topped counter and breakfast bar in the kitchen.
The kitchen overlooks a living and dining area and sliding glass doors to a Juliet balcony facing south.
A four-piece bathroom and stacked laundry machines round out the unit. Storage is available in a locker downstairs.
Utilities are covered by the monthly fee of $272, which also pays for use of the gym and party room, as well as on-site security.