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Real Estate

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Condomonium: $2.5 million for a spacious unit with a $100,000 home theatre

ADDRESS: 468 Wellington Street West, Unit 301

NEIGHBOURHOOD: Waterfront Communities–The Island

AGENTS: Carol Austin and Kurt Diener, Re/Max Condos Plus Corporation, Brokerage

PRICE: $2,499,000

THE PLACE: A giant, three-bedroom brick-and-beam unit in the Wellington Lofts. The former Butterick Publishing House was built in 1915 and converted into ten condo suites in 2001.

BRAGGING RIGHTS: With no more than two units per floor, the 4,000 to 5,000-square-foot lofts in the building are some of the city’s largest condos, and the most exclusive. We can’t name names, but the address is home to a top-tier record producer and a media guru.

BIG SELLING POINT: About $100,000 was spent on the high-tech home entertainment system in the family room (it comes with a drop-down projection screen).

POSSIBLE DEAL BREAKER: Unless you’re willing to turn the family room into a fitness centre and the wet bar into a pool, buyers who want more building amenities will have to look elsewhere.

BY THE NUMBERS:
• $2,499,000
• $100,000 home media system
• Over 4,500 square feet
• $1,110 in monthly maintenance fees
• 97-year-old building
• 12-foot ceilings
• 4 flat-screen televisions
• 3 bedrooms
• 3 bathrooms
• 3 gas fireplaces
• 1 wet bar
• 1 parking space
• 1 built-in fish tank