As the housing market cools, could this Toronto townhome inside a converted church go for $600K?

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The two-bedroom-plus-den townhouse is inside a former church near Dufferin Street and Bloor Street West that has been converted into several units.

just north of Bloor Street West. The brand new three-storey home has two bedrooms, a den and three washrooms. There are French doors both on the main floor leading to a deck and in the second bedroom for a Juliet balcony. Additionally, the kitchen has stainless steel appliances.

“ didn’t work,” Litchmore says. “Now, they’re trying $599,000 to see if they can get multiple offers.” The photos for unit 111 are “100 per cent the reason why it’s not sold yet,” Litchmore says, adding that they don’t clearly show how big the rooms are or what they look like. “Builders are motivated differently. It’s very possible that they could hold out until they get the price,” he says. “The builder is a corporation, so I’m not sure what their willingness to negotiate is.”“Anywhere from $900,000 up, I think is still a possibility,” Litchmore says, pointing to the unit that sold in March for $985,000. “Condos are still hot.”looking for a two-bedroom condo closer to $600,000 should look further north, Litchmore says.

Source: News Formal (newsformal.com)

 

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