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Lower penthouse in St. Lawrence Market hooks two offers

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Two-bedroom unit sells for $2.675-million, just $20,000 under asking

Michael Peart/Michael Peart PhotographyAgent Christopher Bibby urged his clients to list this 1,959-square-foot lower penthouse in the spring based on a growing appetite for large condominiums downtown. His strongest piece of evidence was a nearly identical lower penthouse unit nearby that he sold a few weeks earlier for roughly $2.35-million.

“The only difference was that one was overlooking St. James Park and the Financial District, and this one was overlooking the lake and St. Lawrence Market area.” “There was a six-to-eight-month window where there wasn’t much inventory and turnover was low, so there was a bit of pent-up demand,” Mr. Bibby said.

This ten-year-old suite has full height windows and two balconies, including one with exits to the kitchen, living room and one bedroom.Monthly fees of $1,365 cover water, heating, concierge and use of building amenities.

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