Distillery District Real Estate News: The Weir Team examines selling prices and property values for 80 Mill Street

 

Cameron Weir and Scott Hanton have enjoyed many years of success working for buyers and sellers all throughout Toronto’s historic Distillery District and surrounding area. The Weir Team has loved singing the praises of all sorts of condominium buildings throughout this neighbourhood and all across the GTA. We understand the values of each building. And this experience has helped deliver wonderful success for both condo buyers and condo sellers.

There are so many amazing selling features of this vibrant, convenient and welcoming area in downtown Toronto. Take a look at the amazing Christmas Market that comes to the Distillery District.

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 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.

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

In order to provide top notch service to all of our condo buyers and condo sellers in the Distillery District, it’s very important that The Weir Team knows 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 particular gem of a condo building: 80 Mill Street.

Completed in 2001, 80 Mill Street is home to 144 total suites.

Let’s take a look now at average selling prices over the past few years. Please remember that these are only average prices with relatively comparable suites. Every suite in the building has it’s own selling features and may be worth much more than is suggested here.

 

2015 – 14 suites sold at 80 Mill Street

2014 – 8 suites sold at 80 Mill Street

2013 – 6 suites sold at 80 Mill Street

2012 – 8 suites sold at 80 Mill Street

2011 – 10 suites sold at 80 Mill Street

2010 – 11 suites sold at 80 Mill Street

 

2013 – bachelor suite no parking ($252,000)

 

2015 – 1 bedroom, no parking ($303,000)

 

2015 – 1 bedroom plus den, no parking ($338,500)

2014 – 1 bedroom plus den, no parking ($325,400)

2011 – 1 bedroom plus den, no parking ($310,450)

2010 – 1 bedroom plus den, no parking ($299,700)

 

2015 – 1 bedroom plus den, with parking ($411,667)

2014 – 1 bedroom plus den, with parking ($335,000)

2013 – 1 bedroom plus den, with parking ($371,250)

2012 – 1 bedroom plus den, with parking ($387,225)

 

2015 – 2 bedrooms, 2 bathrooms with parking ($467,000)

2011 – 2 bedrooms, 2 bathrooms with parking ($382,333)

 

2015 – 2 bedrooms plus den with parking ($605,000)

2013 – 2 bedrooms plus den with parking ($416,500)

2011 – 2 bedrooms plus den with parking ($511,833)

2010 – 2 bedrooms plus den with parking ($395,000)

 

2015 – 3 bedrooms, 2 bathrooms with parking ($572,850)

2012 – 3 bedrooms, 2 bathrooms with parking ($520,000)

2010 – 3 bedrooms, 2 bathrooms with parking ($396,000)

 

This data is compiled from The Toronto Real Estate Board’s MLS system. These are only average sale prices. There are many factors that determine a suites value, such as floor level, exposure and square footage. To find out what your suite is worth today, contact us to come in for a free consultation. We look forward to working for you.

Written by Scott Hanton, real estate Broker for The Weir Team. Contact Scott via email at Scott@TheWeirTeam.ca

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

 

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