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February 14th, 2025Olea in the News
Globe and Mail Article: Condo seller quick to cut a deal, secure new home in same Queens Quay West building
Agent Elias Ben Khelifa often advises homeowners to sell their current homes first before buying another. But when a long-time client found a two-bedroom-plus-den unit she adored in her high-rise complex he negotiated the purchase – with the caveat that his client sold her smaller unit within 45 days.
“As the market adjusted and prices became more affordable in the condo market, it actually opened up some more opportunities for her,” said Mr. Khelifa.
Listing agent: Elias Ben Khelifa, Engel & Völkers Toronto City
The Action
The kitchen has been updated with new cabinetry, granite countertops, and stainless steel appliances. Engel & Völkers Toronto City
Agent Elias Ben Khelifa often advises homeowners to sell their current homes first before buying another. But when a long-time client found a two-bedroom-plus-den unit she adored in her high-rise complex he negotiated the purchase – with the caveat that his client sold her smaller unit within 45 days.
“As the market adjusted and prices became more affordable in the condo market, it actually opened up some more opportunities for her,” said Mr. Khelifa.
“We were able to negotiate on the purchase a condition on the sale of her condo, which is very rare.”
The 19-year-old unit boasts ten-foot ceilings, and south-facing, harbour-view windows along the living room.Engel & Völkers Toronto City
Within a week, Mr. Khelifa’s listed his client’s one-bedroom unit with a den and solarium with an asking price of $679,900. An offer came in, and, after some negotiation, the sale was done. The purchase price was $34,900 under asking, but the agreement secured his client’s deal on her next home.
“The benefit here wasn’t necessarily selling for the maximum amount of dollars on their sale, although we did get a pretty good price for it,” Mr. Khelifa said.
“We were buying and selling in the same market conditions, and my client looked at this as an opportunity to upgrade.”
What they got
The one-bedroom unit has 800 square feet of living space. Engel & Völkers Toronto City
This 19-year-old unit has 800 square feet of living space, 10-foot ceilings and south-facing, harbour-view windows along the living room and a solarium off the bedroom.
The kitchen has been updated with new cabinetry, granite countertops and stainless-steel appliances.
Smaller, enclosed spaces include a den and two full bathrooms.
Heating and water costs are included in monthly fees of $750.
The Agents take
There’s a solarium off the bedroom. Engel & Völkers Toronto City
“It was a podium unit, so it’s one of few with 10-foot ceilings and floor-to-ceiling windows,” said Mr. Khelifa.
“It has a beautiful view and is very bright because it was overlooking the park area between the Power Plant and Harbourfront Centre, and there was a bit of a lake view as well.”
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