Buying at 4508 Hazel Street
90 units at Sovereign have sold since 2020 at a median of $736,500, achieving 99.3% of asking in about 46 days. Here is what that means for what you will pay — and what to read before you offer.
That leaves roughly $5,156 off a median-priced unit on average — the building's pattern, not a guarantee on any one home.
What you will pay, by size
Sold figures are what buyers actually paid across all 90 sales. Asking is what is listed today.
| Type | Sold avg | Sold range | Asking now |
|---|---|---|---|
| Studio · ~399 sq ft | $455,763 | $420K – $500K | $450K – $450K (1) |
| 1 bedroom · ~578 sq ft | $627,707 | $484K – $720K | $585K – $595K (2) |
| 2 bedroom · ~830 sq ft | $842,196 | $675K – $1.2M | $700K – $968K (3) |
| 3 bedroom · ~1364 sq ft | $1,427,500 | $1.38M – $1.48M | — |
What to read before you offer
Whether Sovereign is a good building to buy into is decided by its documents, not its listing photos. These are the ones that matter, and what each is for.
Saeed Farahani obtains and reviews these with you as part of representing you on a purchase.
Common questions
Is Sovereign a good building to buy in?
No one can answer that honestly from the listing alone — it depends on what the documents say. The market record is a starting point: 90 units have sold here since 2020 at a median of $736,500, averaging 46 days on market and 99.3% of asking. What decides it is the strata minutes, the depreciation report and the Form B — whether work is approved but not yet levied, how healthy the contingency fund is, and whether the current fee reflects real costs. Saeed Farahani obtains and reviews those documents with you before you write an offer.
How much can I negotiate at Sovereign?
Sales here have averaged 99.3% of asking over about 46 days on market — roughly $5,156 off a median-priced unit. That is the building's average, not a guarantee; a well-priced unit still sells at full price.
What do units at Sovereign actually sell for?
90 sales since 2020, from $420,000 to $1,475,000, median $736,500. By size: studio $455,763, 1-bed $627,707, 2-bed $842,196, 3-bed $1,427,500. That works out to about $1053 per square foot. Asking prices on current listings are a separate question — what sold is what the market paid.
Why are the strata fees at Sovereign what they are?
Fees on current listings average $510 a month, ranging $286 to $673 by unit size, which is about $0.73 per square foot. Per square foot is the only fair comparison — a larger suite paying more is not the same as an expensive building. A fee that looks high often reflects a well-funded contingency, or amenities and utilities bundled into it; a fee that looks low can mean deferred maintenance and a levy ahead. The depreciation report and recent minutes are what distinguish the two, and Saeed will go through them with you.
What is for sale at Sovereign right now?
6 units are currently listed, asking $449,800 to $968,000 (about $994 per square foot). Current listings and photos are on the building page.
What amenities does Sovereign have?
Amenities, bylaws and strata details for Sovereign are set out in full on the building page, alongside current listings. This page covers the buying decision rather than repeating them.
Figures are drawn from recorded MLS® sales and current listings at Sovereign (EPS2461) from 2020 onward and describe the building, not any individual home. Nothing here is a substitute for reviewing the strata documents. See amenities, bylaws and current listings →
Why work with Saeed
Real estate expertise you can count on — reach out any time.