Who says you can't find a good condo for under $500,000 in Toronto? Well, you may find one under $500K, but still pay more than that ...

This condo at 16 Yonge St. was listed at $499,000. But after receiving 27 offers (not a typo) — after only seven days on the market — it sold for $586,500.

Even its listing agent, Nancie McLeod, told The Globe And Mail that receiving 27 offers was very unexpected. Given the building's location and amenities however, potential buyers showed a lot of excitement.

Here are the details for 16 Yonge St., Suite 2407:

Listing agent: Nancie McLeod, Sutton Group Old Mill Realty Inc.

Updated 24th-floor suite

600 square feet

One bedroom plus den

Two bathrooms

Large windows


Kitchen with granite counters and stainless-steel appliances.

Storage locker and parking spot

Condo amenities that include an oversized pool

$477 in monthly fees that cover concierge service, use of a tennis court, fitness and party rooms.

Toronto Condos & Homes