This 1,633-sq-ft condo at Bloor Street East and Mount Pleasant Road sold sightly under its asking price after receiving two offers.Sotheby’s International Realty Canada
278 Bloor St., E., No. 1401, Toronto
Asking price: $1,395,000 (April, 2025)
Selling price: $1,386,000 (May, 2025)
Previous selling price: $445,000 (October, 1988)
Taxes: $6,252 (2024)
Days on the market: 14
Listing agents: Paul Maranger and Christian Vermast, Sotheby’s International Realty Canada
Choosing spring to sell ensured the property’s target demographic – snowbirds looking to downsize – would be in town to visit.Sotheby’s International Realty Canada
The action
The owners of this 1,633-square-foot condo at Bloor Street East and Mount Pleasant Road were warned that, based on recent market trends, it could take a month to sell. They were delighted when they received two offers within two weeks, and both fairly close to their asking price.
“The condo market is moving at a much slower pace than the housing market, so we were very pleasantly surprised by the response,” said agent Paul Maranger.
“Multiple offers in the condo sector are almost unheard of, but it goes to show that there is demand for larger suites and configuration with two bedrooms plus a den.”
Choosing a spring launch date also ensured the property’s target demographic would be in town to visit.
“The building appeals to people who are downsizing and may be spend their time down south,” Mr. Maranger said.
“April 1st is about the time of year most snowbirds come back, so that ties into why we listed in April.”
Monthly fees of $1,585 cover water, heating, cable and the use of condo amenities including a 24-hour concierge, gym, pool and rooftop terrace.Sotheby’s International Realty Canada
What they got
This 42-year-old building has only five units on each floor, meaning this south-facing unit has ample room for an eat-in kitchen, separate living and dining rooms and a laundry room.
The sunlit den is surrounded by floor-to-ceiling windows and has sliding doors to a balcony.
The primary bedroom has a walk-in closet and one of the condo’s two full bathrooms.
The unit comes with a storage locker and two parking spots.
Monthly fees of $1,585 cover water, heating and cable, plus 24-hour concierge and use of the gym, pool and rooftop terrace.
This unit includes a formal dining room, something appealing to those looking to downsize.Sotheby’s International Realty Canada
The agent’s take
“It has a proper, formal dining room, which people downsizing from larger homes tend to want,” Mr. Maranger said.
“The view … looks straight down Jarvis Street, so it was a very exciting view, especially at night.”