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Real Estate

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Condomonium: $825,000 for a King East loft with walls that beg for large-scale art

ADDRESS: 261 King Street East, Unit 405

NEIGHBOURHOOD: Moss Park

AGENT: Christopher Bibby, Sutton Group–Associates Realty Inc.

PRICE: $825,000

THE PLACE: A two-bedroom soft loft in the historic King East neighbourhood. The six-storey structure was built in 2001 (which we suppose could also be considered historic, given Toronto’s recent boom of condo upstarts).

BRAGGING RIGHTS: With fewer than 30 units in the boutique building, the south-facing suites with terraces, like this one, tend to go fast.

BIG SELLING POINT: Concrete-clad walls may seem cold, but the light shining through the immense windows keeps the loft looking light and breezy (and highlights the art on the walls).

POSSIBLE DEAL BREAKER: Despite the exposed ducts and soaring windows, this isn’t a warehouse conversion. Those searching for the hard loft stamp of authenticity will have to look elsewhere.

BY THE NUMBERS:
• $825,000
• 1,800 square feet of interior space
• $699.48 in monthly maintenance fees
• 300-square-foot terrace
• 22-foot ceilings in the living space
• 11-foot ceilings in the bedroom and kitchen
• 2 levels
• 2 bedrooms
• 2 bathrooms
• 1 den