Buying at 4567 Hazel Street
18 units at The Monarch have sold since 2021 at a median of $763,000, achieving 97.4% of asking in about 45 days. Here is what that means for what you will pay — and what to read before you offer.
That leaves roughly $19,838 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 18 sales. Asking is what is listed today.
| Type | Sold avg | Sold range | Asking now |
|---|---|---|---|
| 1 bedroom · ~712 sq ft | $552,500 | $550K – $555K | — |
| 2 bedroom · ~957 sq ft | $842,222 | $560K – $2.15M | $678K – $698K (2) |
| 3 bedroom · ~1206 sq ft | $902,000 | $788K – $1.04M | $973K – $973K (1) |
What to read before you offer
Whether The Monarch 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 The Monarch 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: 18 units have sold here since 2021 at a median of $763,000, averaging 45 days on market and 97.4% 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 The Monarch?
Sales here have averaged 97.4% of asking over about 45 days on market — roughly $19,838 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 The Monarch actually sell for?
18 sales since 2021, from $550,000 to $2,150,000, median $763,000. By size: 1-bed $552,500, 2-bed $842,222, 3-bed $902,000. That works out to about $798 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 The Monarch what they are?
Fees on current listings average $545 a month, ranging $484 to $666 by unit size, which is about $0.54 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 The Monarch right now?
3 units are currently listed, asking $678,000 to $973,000 (about $768 per square foot). Current listings and photos are on the building page.
What amenities does The Monarch have?
Amenities, bylaws and strata details for The Monarch 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 The Monarch (LMS3753) from 2021 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.