Undercut by competitor, Toronto condo sells below asking after price trimmed
A Toronto condo sold for $540,000 after initially being listed at $599,900. The price was reduced due to competition from a nearby unit that sold for $539,000. Despite the challenges, the sellers received multiple offers and ultimately sold for slightly more than the competing unit.
- ▪The condo was initially listed for $599,900 before being reduced to $559,900.
- ▪A competing unit in the same area sold for $539,000, prompting the price adjustment.
- ▪The final selling price of $540,000 was $1,000 more than the competing unit's sale price.
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Open this photo in gallery:Residents of this building in Toronto's Niagara neighbourhood have access to a gym and a rooftop deck.Photography provided by Re/Max Hallmark Bibby Group RealtyShareSave for laterPlease log in to bookmark this story.Log InCreate Free Account1 Shaw St., No. 322, Toronto Asking price: $559,900 (March 25)Previous asking price: $585,000 (March 2); $599,900 (January, 2026) Selling price: $540,000 (April, 2026)Previous selling price: $326,000 (October, 2015); $328,000 (July, 2011); $172,186 (June, 2006) Taxes: $2,639 (2025)Property days on market: 100 Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty Open this photo in gallery:The kitchen has an island and full-size appliances.The action Agent Christopher Bibby saw declining interest rates and…
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