Oversupply results in deal for Vaughan condo buyer

Theglobeandmail.com
April 3, 2014
By Syndia Yu

83 Woodbridge Ave., No. 209, Vaughan, ON.
Asking price $345,000
Selling price $332,000
Previous selling price $260,958 (2012)
Taxes $2,393 (2013)
Days on the market 44

Listing Agents Irene Kaushansky and Philip Brown, Keller Williams Neighbourhood Realty

The Action: Late last year, condominium suites in Woodbridge were slow to sell, so this mid-rise residence backing onto the Humber River had several units available simultaneously, including this one-bedroom plus den model. A dozen shoppers ventured through its doors and a solid offer submitted by the fifth week of marketing.

What They Got: On the second floor of a year-old building, this 790-square-foot unit was designed with a kitchen by the entrance overlooking a den and a living and dining area lined with windows and a glass door to a balcony with a gas hookup.

Finishes are upscale, such as hardwood floors, stainless steel kitchen appliances, granite counters and custom ceramic finishes in the bath and laundry rooms.

Practical perks include a locker and parking spot, plus one monthly fee of $406 paid toward water, security, concierge, 24-hour gym and party room.

The Agent’s Take: “The owner’s dad is a professional tile setter, so he did all the tiles in the kitchen, bathroom and laundry area. It was really beautiful custom tile, so it didn’t look like a builder’s new unit,” says agent Philip Brown.

“It had great light, great flow and the den was big enough that you could use it as an office, dining room or spare room.”

This building also has attractive qualities. “It’s right in the middle of Old Woodbridge, so you could see the creek and parkland, it didn’t feel like you were in a condo building,” Mr. Brown notes.

”You were in a beautiful, low-rise, brick building that fit in with the surrounding architecture.”