King W. cost 1 bedroom 1 bath in newer condo?

[emotional_fish]

Hi,

I was interested into looking into a condo with parking for a newer condo(0-5yrs) with 1 bedroom and 1 bath. This would be in primarily king W. east of Dufferin. What kind of cost range would I be looking at?

Thanks,

Jay

 

[urbandreamer]

Why not look at mls?

 

[emotional_fish]

tried mls.ca info is limited like parking/locker included

 

[cdr108]

Hi,

I was interested into looking into a condo with parking for a newer condo(0-5yrs) with 1 bedroom and 1 bath. This would be in primarily king W. east of Dufferin. What kind of cost range would I be looking at?

Thanks,

Jay

how big of a '1b' unit are you thinking of?

some developers sell 1b units as small as 500 SF.

You shouldn't be looking at paying more than $400-425 PSF with parking and locker included.
Many list for more but IMO they are overpriced.


http://www.theglobeandmail.com/servlet/story/RTGAM.20090403.reKing0403/REStory/RealEstate/home

KING WEST - DNA
From Friday's Globe and Mail
April 3, 2009 at 3:17 PM EDT
1005 KING ST. WEST, NO. 204
ASKING PRICE: $279,900
SELLING PRICE: $272,000
PREVIOUS SELLING PRICE: $168,358 (2006)
TAXES: $1,549 (2008)
DAYS ON THE MARKET: nine

one-bedroom plus den suite, 635-square-foot suite has hardwood floors that extend into the kitchen, which also features granite counters and stainless steel appliances. The four-piece bathroom has marble counters. Ensuite laundry facilities and underground parking are included. A monthly fee of $353 covers heating costs.

 

[simuls]

I just sold my 1bed/bath and office in DNA - 3 years old (King/Shaw), 630 ft, pkg/locker included for $296 000 ($470/ft) to give you an idea. You could probably get one in say Battery park for around $230-250.

 

[emotional_fish]

I just sold my 1bed/bath and office in DNA - 3 years old (King/Shaw), 630 ft, pkg/locker included for $296 000 ($470/ft) to give you an idea. You could probably get one in say Battery park for around $230-250.

Thanks! I thought that would be a realistic range to shoot for. . . are prices expected to fall though?

 

[simuls]

I'd guess another 10-15% down to around fall 2006 prices (mine would've been $255 000).

 

[Yossi Kaplan MBA]

Prices falling? perhaps not.

I'm not certain prices are falling. I have seen reduction in prices from builders and on MLS, yet my observation is that prices have stabilized and with low interest rates there is no reason for prices to drop further, at the moment.

If prices were to drop further, it'll most likely be to massive loss of jobs in the service sectors.

- yossi