GTAHomeHunt: What can $500,000 get you in Toronto? A 400-square-foot basement condo townhome. According to the listing history, the home has been listed four times since November.
In the area south of Bloor Street and west of Yonge Street, sale prices for one-bedroom condos of up to 600 square feet ranged from about $375,000 to $765,000 in December and January. The average price was about $560,000, Litchmore said.
Litchmore also pointed out that a “special assessment” fee has been paid by the owner. While it’s good that the cost has been covered, he said it’s possible that the special assessment had posed a challenge to selling sooner., condo corporations are able to charge a special assessment fee to condo owners in addition to maintenance fees.
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