Distillery District Toronto Condo Real Estate News: The Weir Team examines property values and selling prices of condo suites at 70 Distillery Lane, Clear Spirit Condominium in Toronto’s Historic Distillery District

 

One of Toronto’s many wonderful neighbourhoods is the historic Distillery District in downtown Toronto. This bustling neighbourhood is home to a wide range of condo dwellers of all ages and demographics. With very easy access to Toronto’s financial district, the Don Valley Parkway, Lake Shore Boulevard and The Beach, the Distillery District has become a sought after destination for condo buyers.

Among the cobblestone streets, historic buildings, great stores, restaurants and constant tourists, residents will never run out of things to do.

Plus this area of Toronto is undergoing excellent improvements that are sure to keep condo values headed upwards, making buildings in the area a solid investment for many years to come.

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.

Each building in the Distillery District comes with its own unique set of selling features. No two condo towers are the same here and each therefore has it’s own average price per square foot values.

Let’s take a closer look at Clear Spirit Condos, located at 70 Distillery Lane.

Completed in 2013, there are 364 suites in the building. 143 of these suites are one bedroom condo suites. 168 suites are 2 bedroom units. The largest suite is approximately 2077 square feet.

Residents at 70 Distillery Lane enjoy fabulous amenities as part of their monthly maintenance fees. These 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.

Residents will enjoy nearby parks as well such as Front/Parliament Park, Little Trinity Church Lands, Parliament Square Park, Percy St Playground and Sackville Playground.

So now, let’s take a close look at how much, on average, suites at 70 Distillery Lane are selling for. Remember these are average year over year selling prices and do not take into account storage lockers or very large suites.

Each suite has its own unique value so be sure to contact Cameron or Scott for a free evaluation on how much your specific suite is worth.

 

2015 – 28 suites sold at 70 Distillery Lane

2014 – 38 suites sold at 70 Distillery Lane

2013 – 40 suites sold at 70 Distillery Lane

 

2015 – 1 bedroom, no parking ($325,037)

2014 – 1 bedroom, no parking ($327,260)

2013 – 1 bedroom, no parking ($317,125)

 

2015 – 1 bedroom plus den, no parking ($357,667)

2014 – 1 bedroom plus den, no parking ($320,667)

2013 – 1 bedroom plus den, no parking ($329,967)

 

2015 – 1 bedroom plus den, with parking ($396,900)

2014 – 1 bedroom plus den, with parking ($405,167)

2013 – 1 bedroom plus den, with parking ($364,500)

 

2015 – 2 bedrooms, 2 bathrooms, with parking ($567,750)

2014 – 2 bedrooms, 2 bathrooms, with parking ($508,307)

2013 – 2 bedrooms, 2 bathrooms, with parking ($503,846)

 

The Weir Team is at your service whenever you’re ready to sell or purchase a suite in Toronto’s Historic Distillery District.

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Written by Scott Hanton, real estate broker for The Weir Team: Proud to work with the best real estate agents in Toronto and Durham Region.

 

 

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