Condo on the market since last summer sees multiple price adjustments

Re/Max Hallmark Realty Ltd.

1048 Broadview Ave., No. 901, Toronto

Asking price: $1,149,900 (December, 2022)

Previous asking price: $1,149,900 (October, 2022); $1,169,900 (September, 2022); $1,198,000 (August, 2022)

Selling price: $1,120,000 (January, 2023)

Previous selling price: $498,468 (March, 2010)

Taxes: $4,177 (2022)

Property days on market: 146

Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty

The previous owners of the one-bedroom plus den suite had the builder of the unit remove an original second bedroom to expand the entertaining area.Re/Max Hallmark Realty Ltd.

The action

This one-bedroom plus den suite is in a building just north of Playter Estates and the Danforth but somewhat off the beaten path. Hitting the market last summer, successive mortgage rate hikes made the sale a challenge and the asking price was tweaked several times. Finally, in mid-January, a bid came in at $1.12-million from local buyers.

“There was a verbal offer from

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