|New construction condos at 2046 West Foster. Top floors have rooftop decks with very nice views of Winnemac Park. All photos Eric Rojas, Broker, Kale Realty.|
A six unit condo building nears completion at 2046 West Foster in the Bowmanville
neighborhood of Lincoln Square.
The property has nice views overlooking Winnemac Park
. The attractive vintage two-flat building that formerly sat on a 60' wide (better than double lot) had sold twice since 2017 and then was torn down.
2046 West Foster a 60'x 125' lot with existing two-flat was sold in 2017 (apparently before it went to open market ) for $725,000.
|2046 West Foster in Lincoln Square was sold twice in two years then developed. The original two-flat had was attractive and appeared higher-end in construction than the average brick two-flat. The wide double lot made it even more desirable.|
$362,500 per 30' wide lot is a decent deal in Lincoln Square even for busy West Foster Ave. considering the potential for development (the original property was zoned RS3 single family of two-flat). Up-zoning to larger multi-unit on this stretch of Foster is usually common and approved.
The property was sold once again in 2019 for a hefty $950,000!
Again it was sold prior to going to the greater market on the MLS.
|The property overlooks Winnemac Park. Not the best photo of the park on a grey day. Soccer field in the foreground. The top floors will get really nice views of the changing colors throughout the year.|
104 condos have closed to date this year in Lincoln Square (Jan 1st through April 10th). The median price of a closed condo is $312,000. 125 condo units sold over the same period of last year with a median price about $302,000.
|The six unit building nears completion. I have not been able to locate any advertising for the units for sale as of yet.|
The top floor units will probably be listed in the low mid $600s. A top floor newer construction three bedrooms, two baths condo with rooftop deck just down West Foster similar to 2046 W Foster sold earlier this year for $615,000.
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