Toronto Real Estate News for Yonge Bloor Yorkville: The Weir Team reveals real estate property values at 75 St Nicholas, The Nicholas Residences
Cameron Weir and Scott Hanton, GTA realtors with The Weir Team are proud to work with the best real estate agents in Toronto and Durham Region. The Weir Team started out years ago in downtown Toronto’s Bloor Yorkville neighbourhood. Cameron and Scott set price records and raised the standards for buying and selling a condo on Toronto streets like Bloor Street, Hayden Street, Charles Street East, Balmuto Street, Bay Street and more.
Here’s a look at some recent condos we’ve sold in the Bloor-Yorkville area:
The Weir Team has years of experience in resale condos and pre-construction condos. Both Cameron and Scott own condos in Bloor Yorkville and are obviously interested in seeing property values continue to rise. The many new pre-construction project in the area have caused much real estate concern, especially among condo owners who will lose a once prized view. However views are not protected in Toronto. So we need to keep an eye on condo resale values and rising real estate property values for condos in the Yonge and Bloor area.
Among many new condo towers in the area is the midrise building, 75 St Nicholas, tucked away on a relatively quiet neighbourhood street, steps away from the bustling Yonge Street, Bay Street and two Toronto subway lines. The building and suites at The Nicholas Residences turned out beautifully and we want to make sure condo resale values at 75 St Nicholas continue to rise.
Since the building has only been registered for about a year, let’s take a look at average selling prices at The Nicholas Residences so that we can keep track of how values are changing in this particular building with its approximately 308 residential suites.
These are average sale prices, excluding locker details using relatively comparable suites as reported on the Toronto Real Estate Board’s MLS system. For specific details on any exposure, floor or suite number, make sure to contact Scott Hanton or Cameron Weir directly.
From September 2014 to December 2015: 23 suites were sold or “flipped”
Average sale prices:
Bachelor suite, no parking ($288,633)
1 bedroom, no parking ($413,000)
1 bedroom, with parking ($489,471)
2 bedroom, 2 bathroom, with parking ($604,063)
We’ll keep an eye on property values at 75 St Nicholas as the year goes on. If you’re an owner at The Nicholas Residences, we look forward to being your best choice when you’re ready to sell your suite at 75 St Nicholas or at any downtown Toronto condo tower. We’re at your service.
Written by Scott Hanton, real estate Broker for The Weir Team, proud to be among the best real estate agents in Toronto for resale condos and houses.