A downtown Toronto condo unit sold swiftly at nearly its asking price, attributed to its turnkey condition.The one-bedroom-plus-den property, located at 111 Elizabeth St., No.717, was priced at $518,500 and sold for $518,000 within two weeks.

Agent Ira Jelinek highlighted that the unit's pristine state and strategic location near City Hall attracted buyers aged 25-35, primarily those working or studying downtown.

The sale contrasts with a neighboring unit of similar size that sold for $508,000 after two months, underscoring the impact of presentation and condition in the competitive condo market.

The property features modern design elements, including wall-to-wall windows, an open-concept den, and access to amenities like a gym and rooftop deck.Monthly fees cover utilities and concierge services, reflecting the high demand for urban living in Toronto's core.

The rapid sale highlights the importance of curb appeal and maintenance in real estate transactions, particularly in a market where average selling times typically exceed 60 days.