PURE SPIRIT CONDOS:

33 MILL STREET

Image result for 33 mill streetLocated at the corner of Parliament and Mill Street, this 10-year-old condo marks the entrance to the Distillery District. This dual structure building has a tower and lower podium ending in a ‘V’. Besides access to the shops and restaurants of the cobble-stoned streets of the Distillery District, the building itself has many amenities and a 93 walk score.We first looked at a small one-bedroom without parking or locker on a high floor in the tower. It does have a balcony and city views. It sold in late 2018 for $537,000. It previously sold in late 2015 for $328,000. Over this three-year span, the increase was 63% or 18% compounded annually. At 519 sf, this is an entry level condo and sold for $1,030 psf. The second unit we looked at was also in the tower on a high floor. It is a two-bedroom, two-bath unit, with parking, locker, and balcony. It is a corner suite with unobstructed views. This condo sold in the Fall of 2018 for $716,000 and previously in 2013 for $398,000. Over this five-year period, the increase was just over 12% per year. At 758 sf, the price last year was $945 psf. There are currently 3 condos for sale out of 378 units in the building. In summary, the resale market today is at $1,000 psf for prime buildings,
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