Toronto’s Highest & Lowest Priced Sales: April 2019

In this monthly series we’re featuring Toronto’s highest and lowest priced sales. You can check out last month’s post here.

While this is mostly just a fun exercise to feed curiosity, we are going to gain some valuable insight into the market along the way.

A few parameters:
1) We are only looking at sales in the City of Toronto, not the rest of the GTA.
2) These are the highest and lowest priced MLS sales at the time of writing. It is possible that a deal has been signed but not yet firmed up or updated on MLS.
3) Unless there is a particularly interesting case, we’ll only be including residential real estate sales: both condo & freehold.

LOWEST SALE PRICE: $105,000
4645 Jane St #339

Wow! Our Highest & Lowest column is getting a little repetitive…this 2 bed, 1 bath unit sold on April 2 after 43 DOM (days on market). If you’ve been keeping track, the lowest prices for February and March also came from this building! In fact, April’s bottom THREE sales all come from YCC #82 – the condo corporation comprised of 4645-4771 Jane St.

And the next lowest in April? That came from 50 Old Kingston Rd, the Co-Op featured in last month’s entry.

So to keep things interesting, let’s move on to the…

FIFTH LOWEST SALE PRICE: $185,000
5 Frith Rd #211

This 1 bed, 1 bath unit is decently sized at over 700sqft, and features a “huge” balcony with unobstructed view. Maintenance fees are not low, at $641.31/mo, but do include all utilities.

Our take:

  1. Location is not great, at Jane & Sheppard…actually it’s just down the road from our favourite repeat encounter, YCC #82 (4645-4771 Jane St).
  2. With only exterior and lobby photos on the listing, we’re skeptical about the condition of the unit. Never a great sign when, in today’s age of quality photography and online exposure for listings, there are no interior photos available. Listing claims that it is “well-kept”, but we’d really have no clue about that until we viewed it.
  3. This is a Common-Element Condo. Last week we wrote about Co-op Apartments, in relation to 50 Old Kingston Rd. Similarly, Common-Element Condos are a more limited form of property ownership with different rules and rights compared to a standard Condominium Corporation. Financing can be slightly more difficult and complicated.Overall, as an investment, your future buyer pool is more limited when you go to sell your Common-Elements Condo.

On to the good stuff…

HIGHEST SALE PRICE: $10,200,000
208 Sandringham Dr

This massive detached home near Avenue Rd & 401 took a whopping 82 days to sell, for under its asking price of $12,400,000. The buyer pool in this price range is exclusive, and it’s not uncommon for longer listing periods like this.

With over 12,000sqft of living space, and a proportionately large 200x494ft lot, this is property is not lacking in space! A stone-walled home with classic wooden interior accents, tennis/basketball court, and pool. Check out some stunning photos below!

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