Toronto real estate prices are out of control by most people’s standards, but anyone who saw a one-bedroom condo listed for $670 million on Friday would have thought they really went off the deep end.
The listing for 59 – 208 Niagara Street went up on Friday with the jaw-dropping asking price of $670,000,000. The unit, a one-bedroom, one-bathroom condo with roughly 600 to 700 sq ft of space, seemed just a touch over-priced.
For context, the next most expensive home on the market is a still-under-construction mansion on Drake’s street in the Bridle Path that’s asking $45 million.
Not surprisingly, the asking price was a mistake and was swiftly corrected to its intended list price of $670,000. The listing brokerage, CBRE Limited, did not respond to a request for comment on the error.
Now with a more reasonable price tag attached, the unit actually seems like a great find. It’s right downtown at the corner of Niagara and Bathurst, just steps away from Stackt Market, Farm Boy, Victoria Memorial Square, and tons of great restaurants and shops.
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The unit itself appears quite spacious for a Toronto one-bedroom condo, with a sizeable kitchen and eat-in peninsula.
The living area is also big, with enough room for a dining table and couch. The bedroom is a good size with a sizable window.
There’s also some highly sought-after outdoor space included with this condo in the form of a front patio.
The unit has only been on the market for a few days, but likely won’t stay there too long.