Three-bedroom corner unit in midtown Toronto cuts price to find a deal
February 28, 2025
A three-bedroom corner unit in midtown Toronto at 1 Balmoral Ave. recently dropped its price by $255,000 to secure a sale. With 1,400 square feet of timeless design, this boutique condo offers luxury living with stunning west and south views. Learn more about this rare opportunity in the Canadian housing market.
1 Balmoral Ave., No. 602, Toronto
Details | Information |
Asking price | $1.495-million (November, 2024) |
Previous asking price | $1.75-million (September, 2024) |
Selling price | $1.495-million (November, 2024) |
Previous selling price | $529,000 (January, 2002); $353,585 (September, 1998) |
Taxes | $6,516 (2024) |
The Action
The Canadian housing market remains competitive, especially for new and three-bedroom condos in midtown Toronto. About two dozen buyers toured this corner unit in a boutique building on Yonge Street, but no offers emerged. The seller reduced the asking price by $255,000 to attract a buyer. A new visitor signed a deal for the adjusted price. within a week
“In my 25 years plus the business, last year was the most challenging time to sell condos,” said agent Dino Capocci.
“The seller understood: If we wanted to sell, we’d need to adjust our price.”
What They Got
This three-bedroom condo in midtown Toronto has almost 1,400 square feet of living area. With windows all around the unit—including the west-facing kitchen—the timeless design calls for hardwood flooring in the living room and bedrooms.
A Juliet balcony runs from the main bedroom; a south-facing balcony opens into the dining room. Together with one of the two full bathrooms in the apartment and a walk-in closet, the main bedroom comprises
Parking and a storage locker are further conveniences. Monthly maintenance dues of $1,803 pay for utilities, concierge services, and access to leisure activities.
The Agent’s Take
“Many units at One Balmoral face Yonge Street, which is not bad, but you don’t have much of a view,” Mr. Capocci explained.
“[Here], the west views are nice because they’re unobstructed, and you’re looking over residences probably forever, and south, you can look out from the terrace and see the Toronto skyline.”
The building offers premium amenities, including a marble-tiled foyer and a private courtyard. Its prime location near the St. Clair subway station and top-rated school districts makes it an attractive option for families seeking new condos for sale in midtown Toronto.
