Done Deals: Market Galleria Suite Offers Easy Downtown Access
Special to the Globe and Mail
Published Thursday, September 8, 2016
71 FRONT STREET EAST, No. 306, TORONTO
ASKING PRICE: $525,000
SELLING PRICE: $520,000
PREVIOUS SELLING PRICE: $227,000 (1999); $159,500 (1997); $147,000 (1996)
TAXES: $3,279 (2015)
DAYS ON THE MARKET: 35
LISTING AGENT: Elli Davis, Royal LePage Real Estate Services Ltd.
The Action: On the block next to the historic St. Lawrence Market, this two-bedroom suite at the Market Galleria was toured by about 20 buyers and transferred over to new owners once a $520,000 deal was inked this summer.
What They Got: At the centre of a mixed-use mid-rise built in the 1980s is an atrium visible from private suites, such as this 1,441-square-foot unit with the additional bonus of a south-facing balcony off the master suite.
For entertaining, there is an open principal room, while cooking and cleaning takes place in the tiled kitchen, two full bathrooms and laundry closet.
Parking comes with the unit, along with monthly fees of $1,269 for the cost of water, gym, guest suites and rooftop deck, plus a redecorated lobby and new elevators.
The Agent’s Take: “It has a very good layout with a generous living and dining room, open concept kitchen, two bedrooms and two full washrooms,” says agent Elli Davis.
“It’s very difficult to find something in this price range that offers that in this city today.”
The building is also anchored by popular bars, Jack Astor’s and Jersey Giant. “The building is partially offices and partially residential, which overlooks the atrium full of foliage, which is quite unique,” Ms. Davis adds.
“Plus, it has easy access to the Theatre District and Financial District, you can walk everywhere.”