Dream Homes: Yorkville area sees significant price drops


Published:

The living room of the penthouse at 77 Avenue Rd. in Yorkville

A penthouse atop the boutique building at 77 Avenue Rd. in Yorkville went back on the market last month for $2,595,000 — $400,000 less than it was listed for at the end of 2012. The west-facing Penthouse 1 in the New Hazelton Lanes building was built by Toronto architect Jack Diamond and spans 2,470 square feet of stone floors and high ceilings. An open, westerly walk-out terrace, skylights and glass walls ensure bright rooms and a view of the city. It also features oversized living and dining rooms; a den with built-in desk space, shelving and a fireplace; and two generous bedrooms (listed by Jimmy Molloy, Chestnut Park Real Estate Limited, Brokerage).


From left: The den and dining room

Two more condos at Bay & Bloor relisted for less

Realtors predicted that Toronto’s insatiable appetite for condos would be sated near the end of 2012 — and they were right. When compared to the same time a year before, 2012’s number of year-end condo resales dropped 22 per cent, and the number of new condo sales dropped by 47 per cent. This prompted especially sizeable price drops in some of Toronto’s ritziest neighbourhoods. Check out these other newly reduced condos in the area:

$175K reduction in price
Nestled within the Prince Arthur, this 2,345-square-foot unit was put back on the market in January for $1,875,000. Listed for $2.05 million late last year, this two-bedroom features marble floors, detailed crown mouldings and built-in bookcases and display shelves throughout. Amenities include a Jacuzzi soaker tub, a four-piece bathroom and a direct-access elevator.

 

$55K reduction in price
This Cumberland Street condo was constructed adjacent to the historical Church of the Redeemer in Yorkville and is going for $1.195 million. The 1,685-square-foot unit boasts a southwesterly view of the Royal Ontario Museum, complete with protected sightlines. Coffered ceilings, a modern kitchen and hardwood floors provide additional elegant details.

Join the conversation and have your say by commenting below

Edit Module

Follow us on Twitter @PostCity for more on what to eat, where to shop and what to do in Toronto.

Edit ModuleShow Tags

You may also like...

Comic Stripped: Mark Breslin’s alternate Canadian Comedy Awards nominations

Comic Stripped: Mark Breslin’s alternate Canadian Comedy Awards nominations

Canadian Comedy Award nominations underway — here are my totally off-the-record nominations
Posted 13 hours ago
Pan Am Profile: Emma Wright hopes her water polo experience pays off

Pan Am Profile: Emma Wright hopes her water polo experience pays off

Emma Wright is a member of the Canadian Senior Women's National water polo team and will be competing at this summer’s Pan Am Games in Toronto.
Posted 14 hours ago
Experiments in sound with Sook-Yin Lee

Experiments in sound with Sook-Yin Lee

Toronto’s Sook-Yin Lee has long been a musician, but Jooj, her new project with Adam Litovitz, may be her first major effort since her days fronting Vancouver-based Bob’s Your Uncle two decades ago.
Posted 18 hours ago
Poker’s $25-million man Daniel Negreanu ready to battle the world’s best this month

Poker’s $25-million man Daniel Negreanu ready to battle the world’s best this month

From Toronto to Vegas, poker’s $25-million man Daniel Negreanu ready to battle the world’s best this month
Posted 19 hours ago

Edit ModuleShow Tags Edit ModuleEdit Module