Condo of the Week: $726,000 for a two-level condo in a 1950s office building

Condo of the Week: $726,000 for a two-level condo in a 1950s office building

Address: 111 St. Clair Avenue West, Unit 914
Neighbourhood: Yonge-St. Clair
Agent: Richard Himelfarb, Forest Hill Real Estate Inc., Brokerage
Price: $725,900

The Place: A light-filled new loft in a solid old office tower.

The History: When Imperial Oil commissioned its headquarters in 1957, the Cold War was at its coldest. The era’s constant bomb anxiety may be why this entire 22-storey office tower is framed with extra-sturdy welded steel. The company also spared no expense on the limestone-clad exterior and marble-lined lobby, which is now being refurbished. Inside the unit, a 16-foot wall of windows is all that remains of the old cafeteria that once took up the ninth floor.

Big Selling Point: The building has fitness amenities fit for an executive, including a gym, a pool, a yoga room, virtual golf and squash courts.

Possible Deal Breaker: Parking is $45,000 extra. But, with an LCBO and a Longo’s on the first floor and St. Clair subway station just down the street, a car is optional, anyway.

By The Numbers:

• $725,900
• 955 square feet
• 16-foot ceilings
• 1.5 bathrooms
• 1 bedroom
• 1 den
• 0 parking