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.

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...

Toronto ready to fan the flames of burlesque

Toronto ready to fan the flames of burlesque

Over the next month or so, Toronto is set to host two major burlesque festivals.
Posted 11 hours ago
Toronto Flick Picks: Doc Days of Summer, Stars at TIFF, and More

Toronto Flick Picks: Doc Days of Summer, Stars at TIFF, and More

With what is left of those summer evenings, take to the cinema says I. The amount of incredible documentaries this year is really something, particularly those that have struck a chord with a wider audience.
Posted 12 hours ago
Concert Review: Rascal Flatts bridges gap between pop and country for small Toronto crowd

Concert Review: Rascal Flatts bridges gap between pop and country for small Toronto crowd

The Rascal Flatts occupy a weird space within pop music. Despite their widespread, mainstream popularity, they are seen as too country to truly be a pop band but are also rejected by a segment of country music fans for a style of music that is heavily pop-influenced.
Posted 15 hours ago
Date Night: From busking to burlesque to close out the summer

Date Night: From busking to burlesque to close out the summer

So, before it’s too late, hit up some of the last August festivals and enjoy the warm weather before fall snatches it away from us with Buskerfest and the Burlesque Festival this weekend.
Posted 1 day ago
Edit ModuleShow Tags Edit ModuleEdit Module