Sale of the Week: The $1.75-million penthouse that proves three-bedroom condos aren’t cheap

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Published on: November 21, 2016

Address: 77 Mcmurrich Street, Penthouse 12
Neighbourhood: Yorkville
Agent: Nigel Denham, Sotheby’s International Realty Canada, Brokerage
 
 
 

The property

A multi-level penthouse with a ton of terrace space.

Here’s the dining area:

toronto-condo-sold-77-mcmurrich-street-2

The brand new kitchen:

toronto-condo-sold-77-mcmurrich-street-3

One of the bedrooms:

toronto-condo-sold-77-mcmurrich-street-5

The other two bedrooms are upstairs. This one, currently set up as an office, has balcony access:

toronto-condo-sold-77-mcmurrich-street-4

And here’s the master bedroom:

toronto-condo-sold-77-mcmurrich-street-6

The master bedroom’s ensuite bathroom:

toronto-condo-sold-77-mcmurrich-street-7

The history

The sellers bought the unit less than two years ago. They remodelled the interior with custom herringbone floors, a new kitchen, and updated bathrooms—but they have a new baby now, so they’re moving into a detached house nearby.

The fate

The buyer, a business executive, is upgrading from a smaller place in the neighbourhood. She loved the division of space—three bedrooms plus a den—but was particularly taken with the nearly 500 square feet of terraces, which she’ll get plenty of use out of once winter is over:

toronto-condo-sold-77-mcmurrich-street-8

The sale

In its four days on the market, the condo had about 24 showings. The sellers agreed to entertain preemptive offers, and one came in at $96,000 over asking. Keen to get the sale wrapped up quickly so they could focus on their little one, they decided to accept.

By the numbers

• $1,745,000
• $7,000 in taxes (2016)
• 1,800 square feet
• 480 square feet of terraces
• 4 days on MLS
• 3 bedrooms
• 3 bathrooms

Article source: http://torontolife.com/real-estate/condos/toronto-condo-sold-77-mcmurrich-street/

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