3 Navy Wharf Crt., No. 609, Toronto
Asking price: $299,900
Selling price: $317,000
Previous selling price: $223,500 (2007); $149,533 (2006)
Taxes: $1,836 (2009)
Days on the market: 16
Listing agent: Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
Small properties, such as this roughly 660-square-foot suite have the power to attract a big crowd, says agent Boris Kholodov.
"The demand for entry-level ... units in newer buildings clearly exceeds supply in today's market," says Mr. Kholodov.
"This suite was not special, but it just offered first-time buyers what they wanted, which is a simple, functional and inexpensive living arrangement."
Situated on the sixth floor of a high rise within a growing condominium community by the Rogers Centre, the suite was outfitted with ceramic floors in the kitchen and broadloom in remaining areas, like the den and master bedroom.
The open living and dining area is flooded with natural light from large windows. A 35-square-foot balcony faces southeast.
There is a four-piece bathroom and ensuite laundry facilities, along with a locker and parking spot downstairs.
The monthly fee of $403 pays for utilities and use of a 30,000-square-foot recreation centre that contains an indoor pool, track, squash courts, a golf simulator and bowling lanes, plus patios, a theatre, and party and conference rooms.
"It is certainly attractive to a portion of buyers," says Mr. Kholodov. "Since these facilities are shared between several buildings ... the maintenance fees are quite reasonable."