No Expense Spared on a 2/2 with City and Lake Views for $599,000: 10 E. Ontario in River North
This 2-bedroom in Ontario Place at 10 E. Ontario in River North came on the market in June 2023.
Built in 1983, Ontario Place was originally called the Private Residences at Ontario Place and was an apartment building. It was converted to condos in 2005, during the housing bubble.
It has 467 units and an attached parking garage. It is a full amenity building with 24/7 door and maintenance staff, an outdoor pool and sundeck, a fitness center, a dry cleaners and a business center.
It even has a mature park on top of the parking garage with trees, grass, and places for residents to gather.
You might remember that there was a Chili’s in the base of the building but it now houses a Gordon Ramsay Burger.
This unit is on the 50th floor and has “gorgeous” city and lake views from a private 150 square foot terrace.
The listing says “no expense spared” on the renovation of this unit.
It has custom 12×24 Daltile on-trend Porcelain tile laid in a classic herringbone pattern on the floors throughout.
The unit has custom Lightology lighting and custom remote window shades.
The kitchen is open to the living/dining room and has true walnut kitchen cabinets with vintage mirror inserts, wine storage, Taj Mahal quartzite countertops, a handmade backsplash from Italy and luxury stainless steel appliances.
There is also an exposed brick wall in the living/dining room and a ceiling fan.
Both bathrooms have heated floors.
The primary suite has an en suite bathroom with Iceberg counter tops in quartz, a Toto smart toilet, Newport brass plumbing and a clear glass frameless 3/8 thick shower door.
This unit has central air, one parking space is included but it doesn’t have in-unit washer/dryer. There is coin laundry in the building.
We haven’t chattered about Ontario Place in quite some time. For the last 3 years the owners have been distracted by a planned deconversion from condos back into apartments that was going to be one of the priciest in the city at $190 million.
From The Real Deal in July 2023:
A condo deconversion that had been on the table for years to transition the 51-story, 467-unit Ontario Place building into apartments was killed on June 7, and since then a load of units in the building have come up for sale, several of them owned by investors who thought they’d make well more in a bulk sale to Strategic than they’re seeking for their condos now.
The listing also says Ontario Place has $2.7 million in reserves.
This building is in the heart of River North, near the Eataly, the Mag Mile, an AMC movie theater, a Sweetgreen, the temporary Bally’s casino and numerous bus lines as well as the Red line stop at Grand.
Listed at $650,000 in June 2023, it has been reduced to $599,000.
That’s now under the March 2007 housing bubble purchase price of $620,500.
Buyers love “new.”
Will the renovation make the sale?
Janelle Emalfarb-Gordon at @properties Christie’s has the listing. See the pictures and floor plan here.
Unit #5006: 2 bedrooms, 2 baths, 1390 square feet
- Sold in March 2007 for $620,500
- Lis pendens foreclosure filed in July 2009
- Sold in April 2010 for $325,000
- Sold in January 2016 for $489,000
- Originally listed in June 2023 for $650,000
- Reduced
- Currently listed at $599,000
- Assessments of $1156 a month (includes doorman, exercise room, pool, exterior maintenance, scavenger, coin laundry)
- Taxes of $9,000
- Central Air
- No washer/dryer in the unit but laundry room in the building
- One parking spot included
- Bedroom #1: 12×17
- Bedroom #2: 11×15
- Living/dining combo: 15×22
- Kitchen: 9×17
- Balcony: 3×25