This month we looked at sales at 2220 Lake Shore Blvd. W. in Humber Bay Shores, Etobicoke. This first phase was completed in 2015 and all units included parking and a locker. With retail space at ground level it has become a popular project.
The one-bedroom unit we tracked was originally sold by the developer for $309,000. It is located on a high floor with lake and park views. It has a balcony and 10 ft. ceilings. This unit resold in December of 2017 for $431,000 and at the start of 2019 for $495,000 – an increase of 15% in just 13 months. At 543 sqft. the price is $911/sqft.
The second unit was a two-bedroom, two bath corner unit also with lake and city views. The developer sold this unit for $358,000. It resold in March of 2016 for $404,000 and in March of 2019 for $605,000. Over three years, that’s an increase of 49%. At 776 sqft. the price is $780/sqft. This building has 490 units and there are 5 units currently for sale.