THE ONE THING YOU MUST DO WHEN BUYING A CONDO:
It’s not just freehold houses that are in-demand; bidding wars for Toronto condos are happening with more and more frequency.
But before you commit to the purchase, it’s imperative that you and your lawyer review what is called the Status Certificate. This document not only reveals and confirms details about the suite, the parking spot, the monthly maintenance fees, etc… it also has important information such as how much money is in the building’s reserve fund and if there are any lawsuits against the condo corporation.
Also, you may also discover if there are plans to raise the monthly fees, or undertake expensive renovations such as a new roof, new elevators or to replace all of the building’s windows. There could be a very large one-time fee for these current, future or past projects that the new owner will be expected to pay.
Remember, when you purchase a condo, you’re also purchasing a certain percentage of the entire building as well. The building’s problems will become your problem, so make sure you are certain as to the financial health of the building before you commit.
The WEIR Team has spent more than 10 years working with condo buyers in all budgets. Whether you’re a first-time buyer or a seasoned investor, contact us today help guide you to a profitable condo purchase. They can be an outstanding investment when done right.
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Selling Prices at Casa Condominium, 33 Charles Street East, Toronto
As the top choice realtors for many real estate buyers and sellers on Charles Street East, Hayden Street, Bloor Street and all throughout the Bloor-Yorkville and Yorkville neighbourhoods, Cameron Weir and Scott Hanton of The Weir Team are happy to hear your positive response to our closer looks at area buildings.
We have many successful years of experience buying and selling condos in the Yonge Bloor Yorkville area, especially 33 Charles St East.
Here are just a few of the condos in the rapidly changing Yonge & Bloor and Bloor Yorkville neighbourhoods that we’ve recently sold:
33 Charles St E – Penthouse 4601
If you’re ready to get serious about buying or selling a condo in the area, make sure to contact info@TheWeirTeam.ca for expert condo guidance.
Now, let’s take another look at real estate property values and average selling prices, year-over-year at Casa Condos at 33 Charles Street East, but this time, let’s take a specific look at suites on the often preferred west side of the condo tower. (You’ll find selling prices of suites in the entire building here.) But below is for the west side only.
The west side has not had to deal with construction of Chaz Condos next door and has seen property values of certain suites rise quite nicely while precious eastern Toronto views were lost on the other side of Casa Condominium. However in general many values have remained flat in Bloor Yorkville due to many new buildings and competing condo suites coming online. Property values at Casa Condominium have not increased in the same way that they did for those who purchased preconstruction in the mid 2000s.
Here are some specifics for condo suites on the west side, with west views, at Casa Condominium, taking into consideration suites below the 26th floor and suites on the 26th floor and above (excluding penthouse level suites and excluding locker details). Data is not available for all suite types in all years if nothing had sold.
After 2010 it appears 1 bedroom suites on the west side of the building became rarely available.
Average selling prices at 33 Charles, Casa Condominium, west side of the building only:
2012 – 1 bedroom without parking ($365,000 lower floors)
2011 – 1 bedroom without parking ($338,750 lower floors)
2010 – 1 bedroom without parking ($319,338 lower floors)
2011 – 1 bedroom with parking ($385,000 lower floors)
2015 – 1 bedroom plus den with parking spot ($474,950 higher floors)
2011 – 1 bedroom plus den with parking spot ($463,500 higher floors)
2010 – 1 bedroom plus den with parking spot ($452,333 higher floors)
2015 – 1 bedroom plus den with parking spot ($466,000 lower floors)
2014 – 1 bedroom plus den with parking spot ($444,333 lower floors)
2012 – 1 bedroom plus den with parking spot ($427,000 lower floors)
2011 – 1 bedroom plus den with parking spot ($434,000 lower floors)
2010 – 1 bedroom plus den with parking spot ($415,267 lower floors)
2015 – 1 bedroom plus den without parking ($406,000 lower floors)
2014 – 1 bedroom plus den without parking ($410,000 lower floors)
2013 – 1 bedroom plus den without parking ($423,000 lower floors)
2011 – 1 bedroom plus den without parking ($415,000 lower floors)
2010 – 1 bedroom plus den without parking ($350,000 lower floors)
2011 – 1 bedroom plus den without parking ($446,000 higher floors)
There are multiple factors that may affect these average selling prices so be sure to contact us directly for expert real estate guidance when buying a condo or selling a condo at 33 Charles Street East in downtown Toronto.
As owners and investors at Casa Condominium, Cameron Weir and Scott Hanton are at your service. We know all of the history and behind-the-scenes information to help any buyer or seller make the right decision. Contact The Weir Team today. The best option for many buyers and sellers on Charles Street and Bloor Yorkville.
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