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
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