Pope Real Estate Ltd.
51 Trolley Cres., No. 1309, Toronto
Asking price: $889,900 (May, 2020)
Previous asking price: $929,900 (April, 2020)
Selling price: $887,400 (July, 2020)
Taxes: $3,398 (2020)
Days on the market: 53
Listing agent: Robin Pope, Pope Real Estate Ltd.
The action
The two-bedroom corner suite at River City was relisted with the asking price reduced by $40,000.Pope Real Estate Ltd.
Despite attracting online interest, this two-bedroom corner suite at River City drew no on-site visitors when listed during the pandemic’s early stages this April. By mid-May, the decision was taken to relist with the asking price reduced by $40,000 in hopes of sparking more activity. When the tenant moved out weeks later, requests for tours accelerated.
“We had 41 showings in a 30-day period, which produced two offers,” agent Robin Pope said.
“The first one we said ‘no’ to," Mr. Pope said. "Then, because we were patient, we managed to sell it [to another party] for a few thousand less than our asking price.”
What they got
The 960-square-foot unit has window walls facing south and west and outdoor spaces off both bedrooms and the open living and dining area.
The kitchen has stainless steel appliances and a kitchen island.Pope Real Estate Ltd.
The floors are walnut beneath exposed concrete ceilings and ductwork.
The unit comes with a storage locker and parking. Monthly fees of $599 pay for 24-hour concierge and recreation facilities, such as an outdoor pool.
The agent’s take
The corner unit has beautiful views from its walkout balcony.Pope Real Estate Ltd.
"It was a corner unit with a walkout balcony and it also had Juliet balconies,” Mr. Pope said.
“It had great uninterrupted views south and west.”
Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.