361 Front Street: The Matrix – 750 sq.ft. unit facing the city with parking and locker was offered at $269,900, receieved 17 multiple offers and sold without any conditions at $292,500, as reported to me by listing agent.
To me, that’s a steal: at $352 PSF NET someone got a great deal. I have visited the unit and thought it was one of the best condos I’ve visited recently. Clean, bright and spacious, great design and in very good condition, the rules of bidding in multiple offers* are not to be messed with.
It is crazy to pay $22,600 over asking? I dare you to find an equivalent condo selling for $352 PSF. If you do, you know what to do.
Yossi Kaplan is licensed Realtor with Harvey Kalles. His clients are downtown Toronto condos and lofts investors, buyers and sellers.
* pre-qualify and have it in writing, bid without financial conditions, and bid as far as it takes