Distillery District Real Estate News: Selling Prices and Propery values for 390 Cherry St, Gooderham Distillery Condos

 

The Weir Team’s Cameron Weir and Scott Hanton have loved helping all of our many buyers and sellers in Toronto’s Historic Distillery District.

Cameron Weir and Scott Hanton 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.

Contact Scott@TheWeirTeam.ca if you’re ready for a free consultation about your condo suite.

There are many reasons why The Weir Team is so successful at helping buyers and sellers in the Distillery District. One reason is our acute awareness of property values for each of the condo buildings. There are so many options in the area and so many styles of suites that it can be confusing for buyers and sellers to understand why values are different from one building to the next.

Your first step should be to contact Cameron or Scott for expert real estate help and guidance.

But for now focus on one of the area’s newer buildings: 390 Cherry Street, Gooderham Distillery Condominium

There are lots of reasons many love to call this building home. With ease of access to the lake shore, expressways and downtown Toronto. Not to mention the many nearby parks like the Front/Parliament Park, Little Trinity Church Lands, Parliament Square Park, Percy St Playground, and Sackville Playground.

The building itself has a wealth of selling features. Some of the amenities include community barbeques, meeting room, concierge, fitness facilities, games room, garden, guest suite, reading room, multimedia room, events room, play area, hot tub, outdoor pool, sauna and steam room.

The Gooderham Condominium building at 390 Cherry Street was recently completed in 2013 by Architects Alliance.

There are a total of 364 suites. 143 condo suites are 1 bedroom suites. 168 condo suites are 2 bedroom suites. Plus there is always the wonderful Premiere Terrace Collection.

Let’s look closely now at some average selling prices for certain suites as recorded on the Toronto Real Estate boards MLS system.

 

2015 – 52 suites sold at 390 Cherry Street

2014 – 23 suites sold at 390 Cherry Street

 

2015 – 1 bedroom, no parking ($328,367)

2014 – 1 bedroom, no parking ($322,500)

 

2015 – 1 bedroom plus den, no parking ($377,680)

2014 – 1 bedroom plus den, no parking ($404,350)

 

2015 – 1 bedroom plus den, with parking ($439,533)

 

2015 – 2 bedrooms, 2 bathrooms, with parking ($528,700)

2014 – 2 bedrooms, 2 bathrooms, with parking ($545,700)

 

Remember these are just average selling prices. Your suite may be worth much more. To find out about anything more specific, including how values change per floor and exposure contact The Weir Team today.

Written by Scott Hanton, real estate broker for The Weir Team

Scott@TheWeirTeam.ca

Keep tabs on everything Scott and Cameron are doing via Instagram – Twitter – Facebook

 

 

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