Welcome to urbaneer.com’s Home Of The Month. This feature provides a snap shot of what urbaneer.com’s clients have recently purchased in the City of Toronto.
If you’ve been searching for an affordable 2-bedroom place to call home in the mid $300,000s, you know it isn’t easy to find, especially if you require parking and a locker. Our buyer – a soon-to-be Dad – embarked on his search and quickly realized that his choices were limited. There were some older condominiums in the central part of the city which were contenders and the new ones in revitalizing Regent Park, but the limiting challenge lay with the prohibitively high monthly common fees. There were some stacked townhouses also on the market – to the west of Liberty Village near King and Dufferin, near Bloor and Symington, and at Dupont and Lansdowne – but we were reticent for our Buyer to purchase those units on the first level which are often partially below-grade. Be wary of these as they tend to be light-challenged and worse, the slab-on-grade concrete floors get really cold which make them near-unbearable through winter. Fortunately, a remarkable one-level 2-bedroom suite in Rivertowne – near Dundas and Broadview – came to market with our very own urbaneer.com just at the right time. Better still, the asking price was $349,900
Rivertowne, a 187-unit stacked townhouse complex built by Intracorp and completed in 2007, is part of the successful revitalization of Donmount into the emerging mixed income Riverside Community. Located north of Queen Street just west of Broadview, the complex – part of a comprehensive 7.7 acre community redevelopment – introduced new market housing, of identical scale, and character next to Rent-Geared-To-Income homes, making this part of the on-going revitalization of the downtown east side mixing income and housing to break down social barriers and raise economic prospects. The complex is thoughtfully-designed, with well-proportioned streetscapes and parkettes, including pedestrian ways which create that charming mews feel. The building elevation and massing proportioned pays homage to the adjacent streetscapes of original dwellings, with carefully designed detailing, wood frame and brick veneer construction.
The contender of choice – and rare to market – was a 648 square foot 2-bedroom 1-bath unit located above-grade with a generous sun-drenched west-facing balcony, parking and locker. It features pre-engineered flooring, an east / west exposure, plus some pretty swish upgrades including stainless steel appliances, tiled backsplash, surround sound speakers, tasteful window treatments and closet organizers. This suite is the super model of efficiency, with zero wasted space but a place for everything! It also had reasonable common fees of around $240 per month. For our buyer, this stellar offering outshined the competition!
Here’s some pics and the floor plan from the listing:
Offered at $349,900, our Buyer was the first one in to see this urbaneer listing, though it quickly received two offers within 24 hours. Our Buyer improved his offering price by 1% over the list price to secure this dwelling. That he knew the Seller socially also nudged the deal in his favour, which made for a very happy acquisition.
How perfect is that?
Want to learn more about the neighbourhood and its amenities? Here’s our Neighborhood Page on Riverside / Leslieville including our flavour video, the city census data on the area, plus several past blogs on area amenities!
And if you, or someone you love, has particular real estate needs, wishes and desires and requires assistance, please know we’re here to help at urbaneer.com.
~ Steven and the urbaneer team
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Buy Of The Month