Condo of the Week: $2.7 million for a north-Annex loft with a summer-ready terrace

The History: This former office building was converted into seven large condo units in 2008. The current owner hired London-based designer Tim Mather to fine-tune the interior. He used floating ceilings as subtle visual cues to help better define spaces in the huge open-concept living and dining area.

Big Selling Point: The 975-square-foot terrace rivals La Société‘s for size, although the current owner used it more for relaxation than cocktail parties. The space faces south onto Designer’s Walk, a laneway where there’s minimal traffic and noise.

Possible Deal Breaker: The third-floor neighbours can spy down on the terrace, meaning no nude sunbathing (unless they’re cool with it).

By The Numbers:

• $2,650,000 • 2,675 square feet inside • $1923 in monthly maintenance fees • 975-square-foot terrace • 10-foot ceilings • 3 bathrooms • 2 parking spaces • 2 bike racks