Sale of the Week: the $424,000 condo that proves downtown doesn’t have a monopoly on cool lofts
Sale of the Week: the $424,000 condo that proves downtown doesn’t have a monopoly on cool lofts
Address: 1001 Roselawn Avenue, Suite 221
Neighbourhood: Briar Hill
Agent: Susan Lee, Slavens and Associates Real Estate Inc., Brokerage
The Property: This loft, on the second storey of a converted industrial building, has 13-foot ceilings with exposed ductwork, plus two bedrooms and a private terrace on the building’s roof, not accessible from within the unit.
The History: The building, which dates to 1932, was once a textile factory. Developers converted it into condos in 2003. The suite’s previous owners, a young professional couple, decided to sell so they could trade up to a detached home.
The Fate: This industrial neighbourhood northwest of Eglinton and Allen will likely keep attracting new development. The nearby Eglinton light-rail line, currently under construction, is a powerful lure for investors.
The Sale: The agent wanted to attract the same type of young professionals that buy downtown condos, and that’s exactly who bought the unit. The first-time buyers got more square footage than they would have been able to afford in the core. The unit was on the market for two weeks.
By the Numbers:
• $424,000
• 1,177.5 square feet
• $604.55 in maintenance fees
• 398.8 square foot rooftop patio
• 99 per cent of list price
• 82-year-old building
• 14 days on the market
• 13-foot ceilings
• 2 bedrooms
• 2 washrooms
• 2 storage lockers
• 1 parking space
• 1 offer
Read More
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- The building is a converted factory near Eglinton and the Allen Expressway.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- The decor definitely isn't to everyone's taste, but who doesn't like 13-foot ceilings?
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- The second bedroom is lofted over the kitchen.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- The kitchen isn't ultra-modern, but it's pretty good for under $500,000.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- The dining area is next to the kitchen.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- This is the unit's main washroom.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- The master bedroom.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- And the master bedroom's en suite washroom.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- These stairs lead up to the second bedroom.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- And here's the second bedroom, which the owners seem to have used as a den.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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- And yes, there's a private rooftop patio. Unfortunately, it's not accessible from within the unit.
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
- Condo of the Week: 1001 Roselawn Avenue, Suite 221
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Vaughn and Oakwood – thats a bit of a rough neighbourhood, no?