Sold: a two-bedroom soft loft on King Street East for $795,000
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 full description: Condomonium: $825,000 for a King East loft with walls that beg for large-scale art [September 28, 2012]
• The place: A south-facing two-bedroom soft loft in a six-storey building on King East.
• The agent: Christopher Bibby, Sutton Group–Associates Realty Inc.
• Listed price: $825,000
• Sale price: $795,000
• Time on the market: 12 days
• The buyers: The suite’s size and south-facing terrace attracted plenty of interest; the agent had about 20 showings within a week of listing it, and two potential buyers came back for second showings a few days later. When one of those two interested parties put in a bid, the sellers accepted and the deal was done.