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
298457 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-1-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-1.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-1.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-1/ toronto-condo-of-the-week-1001-roselawn-avenue-1 0 0
298458 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-2-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-2.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-2.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-2/ toronto-condo-of-the-week-1001-roselawn-avenue-2 0 0
298459 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-3-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-3.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-3.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-3/ toronto-condo-of-the-week-1001-roselawn-avenue-3 0 0
298460 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-4-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-4.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-4.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-4/ toronto-condo-of-the-week-1001-roselawn-avenue-4 0 0
298461 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-5-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-5.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-5.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-5/ toronto-condo-of-the-week-1001-roselawn-avenue-5 0 0
298462 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-6-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-6.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-6.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-6/ toronto-condo-of-the-week-1001-roselawn-avenue-6 0 0
298463 The master bedroom. Condo of the Week: 1001 Roselawn Avenue, Suite 221 Condo of the Week: 1001 Roselawn Avenue, Suite 221 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-7-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-7.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-7.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-7/ toronto-condo-of-the-week-1001-roselawn-avenue-7 0 0
298464 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-8-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-8.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-8.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-8/ toronto-condo-of-the-week-1001-roselawn-avenue-8 0 0
298465 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-9-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-9.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-9.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-9/ toronto-condo-of-the-week-1001-roselawn-avenue-9 0 0
298466 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-10-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-10.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-10.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-10/ toronto-condo-of-the-week-1001-roselawn-avenue-10 0 0
298467 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 https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-11-200x200.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-11.jpg https://torontolife.com/wp-content/uploads/2014/11/toronto-condo-of-the-week-1001-roselawn-avenue-11.jpg 1000 667 [] https://torontolife.com/real-estate/sale-of-the-week-1001-roselawn-avenue/slide/toronto-condo-of-the-week-1001-roselawn-avenue-11/ toronto-condo-of-the-week-1001-roselawn-avenue-11 0 0
Vaughn and Oakwood – thats a bit of a rough neighbourhood, no?