Sale of the Week: the King West loft that shows what $1 million gets you downtown
Sale of the Week: the King West loft that shows what $1 million gets you downtown
Address: 436 Wellington Street West, Unit 301
Neighbourhood: King West
Agent: Dragi Dodevski, Royal LePage Your Community Realty, Brokerage
The Property: An elevator opens directly into the den of this hard loft, which features original exposed beam-and-brick walls throughout, as well as 10-foot ceilings. It occupies the entire south side of the Monarch Building’s third floor, granting it views to the south, east and west.
The History: The Monarch Building was originally built in 1915 and was later bought up by its namesake conveyor belt manufacturer in 1948. Developers converted it into condos in 1998. The previous owner of this particular unit, a fashion designer and sci-fi writer, kept the place up to date during her residence.
The Fate: The condo was bought up by a pair of midtown downsizers who were seeking a spot closer to the action in downtown Toronto. About 60 per cent of the listing’s suitors were in similar situations, according to the agent. The new owners are planning to carve an extra bedroom out of the pad, a change enabled by the brick-and-beam construction, which makes it possible to demolish interior walls without causing a cave-in.
The Sale: Although many potential buyers expressed interest in the condo over the course of its 37 days on the market, several were put off by the wooden stage in the sitting room. The agent removed the platform himself and received what would turn out to be the final offer after the very next showing.
By the Numbers:
• $1,070,000
• 1,706 square feet
• $829.36 in monthly maintenance fees
• 99-year-old former factory
• 98 per cent of list price
• 37 days on the market
• 10-foot ceilings
• 3 exposures
• 2 washrooms
• 1+1 bedrooms
• 1-car parking
• 1 offer
• 1 direct-access elevator
Read More
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- The building is a former factory, almost a century old.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- The unit has direct elevator access.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- The buyer will have trouble living up to the former occupant's design sensibilities. This den looks like T.E. Lawrence's drawing room.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- The main living area is completely open.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- A living room occupies one corner of the space.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- This stage turned out to be an obstacle to selling the place, so the agent removed it.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- Here's a closer look at the kitchen.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- The powder room.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- Here's the master bedroom.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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- And the master bedroom's en suite washroom.
- Condo of the Week: 436 Wellington Street West, Unit 301
- Condo of the Week: 436 Wellington Street West, Unit 301
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Address: 436 Wellington Street West, Unit 301
Neighbourhood: King West
Agent: Dragi Dodevski, Royal LePage Your Community Realty, Brokerage
The Property: An elevator opens directly into the den of this hard loft, which features original exposed beam-and-brick walls throughout, as well as 10-foot ceilings. It occupies the entire south side of the Monarch Building’s third floor, granting it views to the south, east and west.
The History: The Monarch Building was originally built in 1915 and was later bought up by its namesake conveyor belt manufacturer in 1948. Developers converted it into condos in 1998. The previous owner of this particular unit, a fashion designer and sci-fi writer, kept the place up to date during her residence.
The Fate: The condo was bought up by a pair of midtown downsizers who were seeking a spot closer to the action in downtown Toronto. About 60 per cent of the listing’s suitors were in similar situations, according to the agent. The new owners are planning to carve an extra bedroom out of the pad, a change enabled by the brick-and-beam construction, which makes it possible to demolish interior walls without causing a cave-in.
The Sale: Although many potential buyers expressed interest in the condo over the course of its 37 days on the market, several were put off by the wooden stage in the sitting room. The agent removed the platform himself and received what would turn out to be the final offer after the very next showing.
By the Numbers:
• $1,070,000
• 1,706 square feet
• $829.36 in monthly maintenance fees
• 99-year-old former factory
• 98 per cent of list price
• 37 days on the market
• 10-foot ceilings
• 3 exposures
• 2 washrooms
• 1+1 bedrooms
• 1-car parking
• 1 offer
• 1 direct-access elevator
[gallery columns="6" ids="296505,296506,296507,296508,296509,296510,296511,296512,296513,296514"]){kind=link}
Place would cost almost double in vancouver
very nice.. indeed.. I wish the kitchen sink was on the island counter rather than under the cupboards. Well worth the price…the buyer should have asked furnished for another $20K.
To Vew Condo& Loft Listings In King West Visit – http://www.torontocondoteam.ca/kingwestcondos
TL should banish free advertisement like the one you are self promoting yourself from this forum. Goes to show the kind of realtor you are! smh
Yuk….did they get the furniture from Goodwill? And what’s with the ugly kitchen cabinets?