16 Jul SOLD: 20 Fashion Roseway
Fast sale on a hidden gem in Bayview Village!
Represented by Alan O. Wong, salesperson
20 Fashion Roseway #513 (Bayview & Sheppard, North York)
2 BEDROOMS / 1 BATHROOM / 860 SQ.FT.
Asking $449,900 / Sold for $454,000
Sale Notes: An over-asking price offer was made just four days after on the market on this older condo hidden deep in a residential area in the popular Bayview Village neighbourhood. Though the unit is almost all-original (built in 1978), the client didn’t want to spend the time and expense to renovate or update the condo (painting was not even considered) and wanted a quick and pain-free sale as he was closing on his next home in a short period of time. Luckily the unit was in good condition and simple yet effective staging and de-cluttering showed off the good bones of this unit while modernizing it just enough to impress the masses — we marketed this unit as an investment or starter home to renovate to the buyer’s exact taste. Past units for sale in this complex were renovated to a specific taste, so we decided to leave it to the next owner to do whatever they want to it rather than turning off potential buyers. The demographics in the building has been mostly seniors as many of them are long term residents (there is very little turnover), but a growing number of young couples and families, and ex-urbanites are starting to move in given its proximity to the Sheppard subway line and a bargain compared to the hoards of new condos being built along Sheppard Avenue all the way east to the DVP. Given this trend, smart digital and social media marketing were used to target and attract various buyers who would not normally consider or even know about a building like this — the residents here have proudly proclaimed this condo complex as their hidden oasis from busy Sheppard Avenue and Bayview Village.
The first offer was accepted as all the terms of the buyer checked off all the boxes for my client and he was happy to conclude the sale quickly with a very short closing as he works from home and wanted as few disruptions as possible. The asking price was priced at market value and the accepted sales price was actually higher than similarly-sized but renovated or updated units that sold in the complex prior to this sale. Many of the past sales in this complex were handled by a long-standing agent that lives in the building.