Condo of the Week: $500,000 to live in a former ball bearing factory near Roncesvalles

Condo of the Week: $500,000 to live in a former ball bearing factory near Roncesvalles


Address: 347 Sorauren Ave, Unit 112A
Neighbourhood: Roncesvalles
Agents: Colette Chaput-Villamizar, Royal LePage Estate Realty, Brokerage
Price: $499,000

The Place: A loft on the first floor of a former ball bearing factory.

Big Selling Point: It has all the features that make loft conversions appealing, including huge windows that let in lots of sunlight, soaring ceilings that range from 15 to 17 feet high and a spacious loft bedroom with exposed wood ceilings.

Bragging Rights: The current owner leads Restoration Hardware’s Toronto interior design studio, meaning the next owner probably won’t need to worry about figuring out how to mix the unit’s antique character with new finishes. The modern fireplace, flooring and built-in bench seating already complement the original brick and wood.

Possible Deal Breaker: As with many conversions, there isn’t any balcony or deeded parking. The building is, however, steps to Sorauren Park, which has tennis courts, an outdoor rink and a foodie-friendly farmer’s market that runs year-round. It’s also walking distance from good transit options, including the Dundas West subway station and Bloor GO Station, which will soon offer direct service to Pearson Airport.

By the Numbers:

• $499,000
• $326 in monthly maintenance fees
• 910 square feet
• 48-unit building
• 1 bedroom
• 1 bathroom
• 15-to-17-foot ceilings
• 1 locker
• 0 parking spaces