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Real Estate

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Condo of the Week: $770,000 for a light-flooded two bedroom in Leslieville’s converted gum factory

Address: 245 Carlaw Avenue, Unit 210A
Neighbourhood: South Riverdale
Agent: Benjamin Ferguson  and Matthew Casselman, Re/Max Hallmark Realty Ltd., Brokerage
Price: $769,900

The Place: A two-bedroom unit on the second floor of the historic Wrigley Lofts, a former gum factory turned live-work space in Leslieville. 

Bragging Rights: The hard loft offers a couple of rarities for a Leslieville condo: two bedrooms and two bathrooms. Plus, it comes with approved drawings for an additional mezzanine in the northeast corner that could act as a third bedroom.

Big Selling Point: Massive windows, sky-high ceilings, concrete mushroom columns and enough open floor space to hold your own Madonna-inspired dance class.

Possible Deal Breaker: Unless you’re the early-to-rise type, installing blackout curtains will be a top priority.

By the Numbers:

• $769,900
• 1,800 square feet
• $827.08 in monthly maintenance fees
• 2 bathrooms
• 2 bedrooms
• 1 parking space
• 1 set of approved drawings for a mezzanine

  • AKyriakos

    Love it! Very TriBeCa — bright, clean but edgy. Unique property (not many real lofts in a city of wannabes). Awesome value in an up and coming area close to downtown.

  • Shay Farouque

    Ouch that is pricey!! Even with a 20% down payment (which is a total outlay of $167,000 dollars after land transfer tax, and closing costs), the total monthly mortgage + maintenance fees (BEFORE PROPERTY TAXES) will be $3500/month . If rates go up by 1% – you are looking at $3,770/month. A very steep price indeed -especially with no rental opportunity (like the basement in a house).

  • Carlo Timpano

    Feels underpriced given the square footage.Average cost for all condos last year in Toronto was north of $420/sf

  • tnafam

    um welcome to Toronto?

 

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