Two price cuts finally find buyer for condo in ‘transitional’ market

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As soon as a previous visitor learned the unit’s price tag had been reduced to $599,000, they came back and negotiated a deal sweetened by a $3,000 bonus at $602,000

“Right now, we’re in a transitional market, so it’s hard to pinpoint exactly when you think something will sell, so you always have to try and see, and if it doesn’t move, you have to adjust,” agent Elli Davis said.This 683-square-foot unit on the 16th floor of a 24-year-old building has nine-foot ceilings and travertine stone flooring in the foyer and kitchen.

The unit includes a storage locker and parking. Monthly fees of $794 cover the cost of utilities, cable and 24-hour concierge.Sotheby’s International Realty Canada “It’s a smaller unit in a building that has larger units and much higher prices, so you have the benefit of living in a luxury building, like a smaller house on a great street.”

 

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