Distillery District Real Estate News: The Weir Team examines property values at 33 Mill Street, Pure Spirit Condominium

 

Cameron Weir and Scott Hanton have enjoyed years and years of rewarding success in Toronto’s condo market, guiding real estate buyers and real estate sellers. The Weir team has loved singing the praises of all sorts of condominium buildings and neighbourhoods. We understand the values of each building. And this experience has helped deliver stellar success for both condo buyers and condo sellers.

One of The Weir Team’s favourite neighbourhoods is the increasingly valuable Distillery District. There are so many amazing selling features of this vibrant, convenient and welcoming area in downtown Toronto.

From fine arts to great shopping to fabulous dinners, there’s always something to do outside your front door. Take a look at the amazing Christmas Market that comes to the Distillery District.

Cameron and Scott have sold many suites for record prices in the area. Here are just a few of our recent listings in the neighbourhood:

Suite 444-33  Mill Street

Suite 705-33 Mill Street

Suite 427-33 Mill Street

Penthouse 7 – 70 Mill Street

Suite 613-80 Mill Street

Suite 405-52 Sumach Street

The Weir Team’s Cameron Weir and Scott Hanton make news quite regularly with their outstanding sales. The Globe and Mail made wonderful mention of one of our successes at 33 Mill Street.

In order to provide excellent service to all of our condo buyers and condo sellers in the Distillery District, it’s very important to understand how property values change from building to building and year over year.

It’s necessary for buyers and sellers to remember that there’s not really any such thing as a general “real estate market”. Each building is its own unique market to itself. It’s the same for Toronto houses. One street can have a much different value than another street just 20 steps away.

This is very much how things work in the Distillery District.

33 Mill Street is very different than 80 Mill Street and 390 Cherry Street, for example.

So let’s zero in on one building Cameron and Scott are very familiar with: 33 Mill Street, Pure Spirit Condominium

Completed in 2008, 33 Mill Street is home to 378 condo suites spanning 32 floors.

The amenities at 33 Mill Street include: a concierge, fitness facilities, Games room, garden, guest suite, multimedia room, events room, hot tub, outdoor pool, steam room.

Let’s examine property values now for 33 Mill Street. Keep in mind that these prices are only average prices. There are multiple factors that can make one suite more or less valuable than another similar suite. Contact Scott or Cameron when you’re ready to find out today’s value of your suite.

Here now, according to the Toronto Real Estate Board’s MLS system are average sale prices, year-over-year, excluding values for storage lockers.

2015 – 29 suites sold at 33 Mill Street

2014 – 42 suites sold at 33 Mill Street

2013 – 41 suites sold at 33 Mill Street

2012 – 38 suites sold at 33 Mill Street

2011 – 27 suites sold at 33 Mill Street

2010 – 61 suites sold at 33 Mill Street

 

2015 – bachelor without parking ($278,000)

2013 – bachelor without parking ($259,000)

 

2015 – 1 bedroom without parking ($325,786)

2014 – 1 bedroom without parking ($320,503)

2013 – 1 bedroom without parking ($317,500)

2012 – 1 bedroom without parking ($320,500)

2011 – 1 bedroom without parking ($294,250)

2010 – 1 bedroom without parking ($289,855)

 

2015 – 1 bedroom with parking ($360,750)

2014 – 1 bedroom with parking ($349,900)

2013 – 1 bedroom with parking ($377,000)

2012 – 1 bedroom with parking ($332,333)

2011 – 1 bedroom with parking ($328,333)

2010 – 1 bedroom with parking ($325,667)

 

2015 – 1 bedroom plus den without parking ($355,500)

2014 – 1 bedroom plus den without parking ($343,967)

2013 – 1 bedroom plus den without parking ($333,667)

2012 – 1 bedroom plus den without parking ($330,667)

2011 – 1 bedroom plus den without parking ($327,833)

 

2015 – 1 bedroom plus den with parking ($404,250)

2014 – 1 bedroom plus den with parking ($401,985)

2013 – 1 bedroom plus den with parking ($392,744)

2012 – 1 bedroom plus den with parking ($379,944)

2011 – 1 bedroom plus den with parking ($360,000)

 

2015 – 2 bedrooms 2 bathrooms with parking ($525,000)

2014 – 2 bedrooms 2 bathrooms with parking ($507,656)

2013 – 2 bedrooms 2 bathrooms with parking ($488,071)

2012 – 2 bedrooms 2 bathrooms with parking ($500,800)

2011 – 2 bedrooms 2 bathrooms with parking ($464,238)

2010 – 2 bedrooms 2 bathrooms with parking ($489,786)

 

2015 – 2 bedrooms plus den with parking ($655,967)

2014 – 2 bedrooms plus den with parking ($668,200)

2011 – 2 bedrooms plus den with parking ($601,967)

 

Remember these are only average selling prices. There are multiple reasons why values may go up or down year-over-year. For more detailed specifics on how much you should offer on a 33 Mill Street suite or how much you should list your suite for sale, contact The Weir Team today.

Written by Scott Hanton, real estate broker for The Weir Team. Proud to be buying and selling GTA condos and houses with Toronto’s best real estate agents.

Cameron and Scott have a ton of real estate experience. Keep up-to-date- with everything we’re doing via InstagramTwitterFacebook

 

 

 

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