Sold: a church loft with soaring ceilings near Yonge and St. Clair for $1.2 million
With all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condomonium and Cottage of the Week features are sold. Here, all the details from the latest sale.
• The place: One of only two penthouses in midtown’s Woodlawn Church Lofts, this two-bedroom unit has a huge main room with a full wall of windows.
• The agents: Sue Mills and Sarah O’Neill, Royal LePage Signature Realty, Brokerage
• Listed price: Initially listed at $1,249,000, the agents reduced the price to $1,199,000 after two weeks. • Sale price: $1,180,000
• Time on the market: 17 days
• The buyers: Most of the buyers were either young professionals or empty nesters attracted by the building’s boutique feel, the convenient Yonge and St. Clair location and the unit’s sunny, south-facing terrace. The sellers reduced the price by $50,000 in early October and the unit sold two days later.
• The full description: Condomonium: $1.2 million for a sunny unit in a former church in midtown [October 12, 2012]