The quirky nature of this fall’s Toronto-area real estate market has buyers, sellers and their agents inventing new strategies.
Mr. Chu says a lot of new high-rises have come to the market recently and buyers sometimes overlook the smaller buildings as a result. The building at 52 Sumach, which is about eight years old, has units with 10-foot high ceilings, polished concrete floors and individual character, he says.Chestnut Park Real Estate Limited, Brokerage
Mr. Docherty first had the unit listed at $829,000, then reduced the asking price after a couple of weeks.Chestnut Park Real Estate Limited, BrokerageBut it has been difficult to describe to buyers that the space is deeded to unit 101, he says. The rooftop area belongs to the unit, but it can also be sold separately, in the same way a parking space can.“It’s so rare that people don’t quite understand the concept,” he says. “A lot of realtors and buyers have never seen a set-up like that.