Distillery District Real Estate News: The Weir Team examines selling prices and property values for 39 Parliament Street

 

Cameron Weir and Scott Hanton have enjoyed many years of success working for buyers and sellers all throughout Toronto’s historic Distillery District. 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 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 real estate works 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: 39 Parliament Street, also known as Parliament Square Condominium

Completed in 1999, 39 Parliament is home to 187 suites, including wonderful house-like 2-storey suites. Along with all the amazing things to do in the Distillery District, resident can also enjoy nearby parks like David Crombie Park, Parliament Square Park and Princess Street Park. Plus all of the wonderful new additions coming to the neighbourhood on the other side of Cherry Street.

Let’s take a look at property values at Parliament Square Condos the past few years. Note that these are only average selling prices. Each suite at 39 Parliament is unique and there a host of factors that affect selling prices from one unit to another.

 

2015 – 9 suites sold at 39 Parliament Street

2014 – 6 suites sold at 39 Parliament Street

2013 – 10 suites sold at 39 Parliament Street

2012 – 9 suites sold at 39 Parliament Street

2011 – 8 suites sold at 39 Parliament Street

2010 – 7 suites sold at 39 Parliament Street

 

2014 – bachelor without parking ($250,000)

2012 – bachelor without parking ($248,900)

2010 – bachelor without parking ($235,000)

 

2014 – 1 bedroom without parking ($264,000)

2013 – 1 bedroom without parking ($298,000)

2012 – 1 bedroom without parking ($294,350)

2011 – 1 bedroom without parking ($240,000)

2010 – 1 bedroom without parking ($281,250)

 

2014 – 1 bedroom plus den with parking ($347,500)

2013 – 1 bedroom plus den with parking ($380,500)

2012 – 1 bedroom plus den with parking ($325,000)

2011 – 1 bedroom plus den with parking ($335,000)

2010 – 1 bedroom plus den with parking ($360,000 – over 800 sq ft)

 

2015 – 2 bedroom, 2 bathroom, w/parking, under 1000sqft ($448,125)

2014 – 2 bedroom, 2 bathroom, w/parking, under 1000sqft ($448,067)

2012 – 2 bedroom, 2 bathroom, w/parking, under 1000sqft ($422,000)

2011 – 2 bedroom, 2 bathroom, w/parking, under 1000sqft ($407,000)

 

 

2015 – 2 bedroom, 2 bathroom w/parking, over 1000sqft ($546,550)

2011 – 2 bedroom, 2 bathroom w/parking, over 1000sqft ($470,950)

2010 – 2 bedroom, 2 bathroom w/parking, over 1000sqft ($415,000)

 

2015 – 3 bedrooms, 2 bathrooms, 2 car parking ($630,000)

 

2013 – 3 bedrooms, 2 bathroom, 1 car parking ($495,000)

 

2015 – 3 bedrooms, 3 bathrooms, 1 parking ($779,000)

 

Remember these are only averages. Exact selling prices of certain suites and today’s value of your suite is just an email or phone call away. We’d be happy to come by for a free evaluation and show you how easy we make it to net you as much profit as possible on the sale of your suite at 39 Parliament Street.

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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