Property values for condos at 35 Balmuto Street, The Uptown Condominium in downtown Toronto
The Weir Team has had years of wonderful success in Bloor Yorkville real estate. Cameron Weir and Scott Hanton continue to be proud owners of condos in this increasingly exciting and valuable neighbourhood, just steps from Yonge Bloor subway station.
Property values of resale condos in this area of downtown Toronto are clearly of paramount importance as it certainly would be to owners and investors at The Uptown Residences, 35 Balmuto Street. The last few years have seen a sporadic increase and decrease in average selling prices, but no rumoured Toronto real estate “bubble” ever happened… and prices are continuing a healthy increase.
We’ve been busy working in the area and here’s a look at some of the recent condos we’ve sold in the Bloor-Yorkville neighbourhood:
Some of our more favourite transactions occurred helping buyers, sellers, landlords, tenants and investors on the dramatically changed Balmuto Street.
Balmuto Street has undergone tremendous change with the arrival of two very different condo towers. Just steps from the Manulife Centre and all the best of Yorkville and Bloor Street’s so-called Mink Mile of shopping, resale condos on Balmuto Street have done very well.
Let’s zero in and take a closer look at actual selling prices and property values at 35 Balmuto Street. These sales occurred in January and February 2016.
A 519 sq ft one bedroom suite half way up the tower sold for $435,000. The suite came with a storage locker but no parking spot.
An 853 sq ft northwest corner suite on a lower floor sold for $690,000. This suite came with a parking spot and a storage locker and had 2 bedrooms and 2 bathrooms.
Another 2 bedroom, 2 bathroom suite sold for $720,000 halfway up the tower. This suite had one parking spot and one storage locker.
And a large 2 bedroom, 3 bathroom suite sold near the top of the tower for $1,150,000. One parking spot and one storage locker were included.
To see year-over-year selling prices click here.
Remember there are all sorts of factors that determine the value of your specific suite. The numbers above are only general averages. Let us know if you’d like to see specifics on exposure, views, level, locker, square footage, etc.
For superior service and terrific real estate results make sure to contact Scott Hanton or Cameron Weir to find out just how profitable we can make your move on Balmuto Street or with any Bloor Yorkville real estate. Whether pre-construction or resale condos, The Weir Team loves being the first and best choice for many real estate sellers and buyers. We have years of experience and a very long list of very happy clients.
Written by Scott Hanton, real estate broker for The Weir Team