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Real Estate

Condomonium: $825,000 for a King East loft with walls that beg for large-scale art

Condomonium: $825,000 for a King East loft with walls that beg for large-scale art

ADDRESS: 261 King Street East, Unit 405

NEIGHBOURHOOD: Moss Park

AGENT: Christopher Bibby, Sutton Group–Associates Realty Inc.

PRICE: $825,000

THE PLACE: A two-bedroom soft loft in the historic King East neighbourhood. The six-storey structure was built in 2001 (which we suppose could also be considered historic, given Toronto’s recent boom of condo upstarts).

BRAGGING RIGHTS: With fewer than 30 units in the boutique building, the south-facing suites with terraces, like this one, tend to go fast.

BIG SELLING POINT: Concrete-clad walls may seem cold, but the light shining through the immense windows keeps the loft looking light and breezy (and highlights the art on the walls).

POSSIBLE DEAL BREAKER: Despite the exposed ducts and soaring windows, this isn’t a warehouse conversion. Those searching for the hard loft stamp of authenticity will have to look elsewhere.

BY THE NUMBERS: • $825,000 • 1,800 square feet of interior space • $699.48 in monthly maintenance fees • 300-square-foot terrace • 22-foot ceilings in the living space • 11-foot ceilings in the bedroom and kitchen • 2 levels • 2 bedrooms • 2 bathrooms • 1 den

261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405
261 King Street East, Unit 405

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