Sold Date: 03/23/22
Here is a 1 bedroom + 1 washroom suite at 125 Blue Jays Way #1107 in Toronto. This listing was passed down from my clients as a referral to sell their son’s property. Very fitting for a couple or someone looking for an investment property in the city who would want a bright and spacious unit with high ceilings.
On the contrary, the only downside to this luxury suite was its balcony view. Having an unobstructed view is a great luxury and bonus to have but sometimes a suite without a view may not be very appealing to buyers. Either buyers aren’t concerned with the obstructed view or they wouldn't even consider it. This was our biggest concern when selling the property.
To take away from the one disadvantage, we decided to stage the unit to showcase its true potential, its living space. We cleaned up the place, fixed up any wear and tears, and put in a new light fixture to brighten up the place. Good lighting always has a great effect to make a space look bigger which you can see demonstrated in the before and after photos. We staged the suite to showcase the advantage the size of the unit has and its layout.
We placed it on the market with an offer date but when we listed there was little to moderate showing activity. When a listing isn’t as busy you may wonder if you’ll need to rethink the selling strategy. We stayed confident and patiently waited to see what would happen before making an abrupt decision. Fortunately for us, we had a pre-emptive offer at $727,000. The respective agent was extremely interested in the property and showed it a total of 3 times. We did not wait and took the opportunity when presented to us. Sometimes the decision to wait may mean you wont get another offer. In the end, I was able to negotiate $3000 more and we sold for $730,000 to a lovely family celebrating their New Years.
“The little things can give you more than you ask” – Dinah Wong
