Done Deal: Mimico Loft Sees Flurry of Activity After Pandemic Restrictions Eased

By: Jenelle Cameron

Done Deal: Mimico Loft Sees Flurry of Activity After Pandemic Restrictions Eased

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JULY 31 2020
BY SYDNIA YU
SPECIAL TO THE GLOBE AND MAIL


200 Manitoba St., No. 316, Toronto
Asking Price:
$639,900
Selling Price: $630,000
Previous Selling Prices: $377,000 (2016); $325,000 (2014); $327,000 (2010); $240,000 (2006); $234,000 (2003)
Taxes: $2,152 (2019)
Days on the Market: 15
Listing Agent: Jenelle Cameron, Re/Max Hallmark Realty Ltd.

THE ACTION



The living and dining area is anchored by a gas fireplace.

This two-storey suite at the Skylofts II building was held off the market until pandemic restrictions were eased in late May. Thereafter, visitors following safety protocols could view a 3-D online tour or make in-person visits to the freshly painted and staged space.

“At the end of March and the beginning of April, we didn’t know what was going to happen, but we saw things were still moving along, so we decided to go for it,” agent Jenelle Cameron said.

“It was only on the market for two days when we got two offers. In the first few days, we had four or five showings, but even after it sold conditionally, we had another ten showings, so it was busy.” It took some days for the conditions on the offer to be satisfied and the deal was done.

WHAT THEY GOT



A balcony is located off the living and dining area.

This one-bedroom-plus-den unit in an 18-year-old mid-rise within the Mystic Pointe community near Humber Bay Park, has a typical layout with 17-foot ceilings and full height windows facing south.

A balcony is located off the living and dining area, which is anchored by a gas fireplace and visible from the den and sleeping quarters upstairs.

There are bathrooms on each level, ensuite laundry and parking.

Monthly fees of $635 cover water and heating, as well as gated security, a use of a squash court, party room and two rooftop decks.

THE AGENT'S TAKE



There is one bedroom and bathroom on each level.

“They’re not brand new, but … you can get good value in those older buildings,” Ms. Cameron said.

“They’re all two-storey units in there of different sizes, so for a first-time buyer, is a good price for the size.”

SOURCE: THE GLOBE AND MAIL