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My Latest Done Deal In The Globe & Mail - 35 Balmuto St. Suite 2601

Blog by Nigel Denham, Senior Vice President - Sales | June 19th, 2018

Staging salvages sale of Yorkville suite

35 Balmuto St., No. 2601, Toronto

Asking price: $799,000

Selling price: $790,000

Previous selling price: $458,794 (2012)

Taxes: $4,234 (2017)

Days on the market: 12

Listing agent: Nigel Denham, Sotheby’s International Realty Canada


The action: This two-bedroom corner suite at Uptown Residences didn’t have a viable offer after more than three months of marketing, so the seller enlisted another agent who transformed the vacant space to get better traction in March. “I sold an identical unit to that one recently, in addition to a much larger suite that set a record price per square foot, which is why this client reached out to me,” agent Nigel Denham said.
“We staged the unit and sold it in 12 days.”
What they got: Roughly halfway up a 48-storey tower is this 853-square-foot unit with nine-foot ceilings and hardwood floors throughout, from the bedrooms to the main entertaining area with a balcony. The kitchen has stainless steel appliances and the unit has laundry facilities and two bathrooms. The condo also comes with a locker and parking. Monthly fees of $940 pay for water and use of on-site fitness, media and party rooms.

The agent’s take: “It has a nice west and north view, which was well set with Manulife [Centre] not going anywhere and most of the north set as well, which is rare find at that price point, especially in the heart of Yorkville,” Mr. Denham said. 
“[Also], it’s a very functional unit with a nice big open living and dining room.” There are also countless attractions nearby. “It’s a good building with great amenities, and the location is superb in the heart of Yorkville,” Mr. Denham said.

“Across the street, you’re into the PATH [underground concourse] and you can walk to Bay Street on a rainy day and never step outside. And you have subway access as well, which is a big draw.”

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