Wednesday, October 6, 2010

Condo Sales: The Past 30 Days at One Park Tower

This week, let’s head west to Mississauga’s City Centre for a look at Daniels Corporation’s One Park Tower.

Completed in Summer 2008, One Park Tower’s classically-inspired gothic façade features soaring arches and gargoyle accents. The development embraces an active lifestyle, neighbouring Mississauga City Centre’s popular Square One Shopping Centre along with a wide variety of other dining, entertainment and sports venues.

In the past 30 days, a total of eight units have sold at One Park Tower with prices ranging from $222,000 for a 1-BR suite to $312,000 for a 2+Den unit of 565 to 961 sq ft, respectively. Five units were also leased over the past month, from $1,425 for a 1+Den to $1,700 for a 2+Den.

Of these units, those for sale spent on average 28 days on the market while those for lease spent on average 6 days.

If you’re wondering how property values have held up over the past couple years, a 1+Den that sold in March 2009 resold earlier this year for $40,000 more than it did a year prior, while a 1-BR unit that sold in December 2008 resold this past summer for $13,000 more than it did almost two years ago.

For more information on One Park Tower, please click here.
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Please note that units can vary greatly in features and finishes which would normally be considered in any purchase or sale. Any transactions outlined above are for general information purposes only and may not reflect those of typical suites. is not responsible for the accuracy of information provided or for any damages or loss resulting from the use of such information. For further information on these or other sales, please consult a real estate specialist.