property.caAgent Rebecca Colwill spent several weeks showing her clients 30 different properties from Scarborough to downtown Toronto, to see how far they could stretch their $550,000 budget. The first-time buyers made their only offer on this one-bedroom unit near St. James Park and successfully negotiated $24,999 off the asking price.
“We were able to negotiate on it because it had been on the market for a little bit of time,” said Ms. Colwill. “We did see a couple of other properties that did have bidding wars, so we stayed clear of those because we didn’t want to get involved,” she said. ”They’re first-time buyers, so we wanted to make sure we were able to have conditions, like financing and status review.”In the north tower of a 14-year-old condo complex called Vu, this corner unit has floor-to-ceiling windows throughout, including the kitchen, and a wide balcony at one end of the living room with exposures to the east and south.
“It’s in a great central location, so you also had a skyline view. You could see the CN Tower and the lake.”
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