3 days ago
Buyer chops $111,000 off price of Humber Bay condo
1 Palace Pier Crt., No. 3502, Toronto
Asking price: $1,499,000 (March, 2025)
Selling price: $1,388,000 (April, 2025)
Taxes: $3,812 (2024)
Days on the market: 32
Listing and buyers' agent: Luke Dalinda, Royal LePage Real Estate Services Ltd.
Agent Luke Dalinda found two buyers for this newly renovated two-bedroom unit at the Palace Place condo complex by the mouth of the Humber River. They were both clients he had shown numerous other properties, including some in the same 32-year-old building. But both wanted to make their first offer on this property.
'I do a lot of international marketing now, so [one set of] buyers were coming back to Canada, and it just so happened another party was looking too,' said Mr. Dalinda.
'Both decided they wanted to put an offer in. It was fluky.'
Both parties started low with their offers. One eventually raised their bid and closed a deal at $111,000 under the asking price.
'It took 32 days altogether to sell, which is actually good in this market where you're seeing 60 or 90 days or longer listing times,' Mr. Dalinda said.
'This was a special suite because of how beautifully it was renovated, and how the seller came up with a great idea to change the floor plan to make a bigger kitchen and entertaining area.'
This unit is the product of a double unit separated back into the original two. It has 1,186 square feet of living space with a stylish kitchen with an island, quartz countertops and stainless-steel appliances.
Windows line the primary bedroom, and open living and dining areas.
There are three bathrooms and laundry facilities, plus a storage locker and underground parking.
Monthly fees of $1,250 cover cable, utilities, shuttle services, valet parking and use of the pool and sports courts.
'It's a real trophy residence with incredible city, skyline and water views,' Mr. Dalinda said.
'The building has Les Clefs d'Or concierge service, which is the same as the Four Seasons [hotel].'
