Sold: a three-storey industrial loft in Little Italy for $1.3 million
With all the talk of condo bubbles, over-the-top bidding wars and failed flips, wading into Toronto’s housing market requires equal parts bravery and real estate savvy. To help with the latter, we decided to dish when the properties we profile in our House of the Week, Condo of the Week and Cottage of the Week features are sold. Here, all the details from the latest sale.
• The place: A three-level suite with two bedrooms and a den in the Button Factory Lofts, a uniform factory transformed into condos in Little Italy
• The agent: Christopher Bibby, Sutton Group Associates Realty Inc., Brokerage
• Listed price: $1,495,000
• Sale price: $1,300,00
• Time on the market: 125 days
• The buyers: The spiral staircase, exposed beams and plentiful exterior space intrigued several buyers. To make the room even more enticing, the realtor hired a designer to add polish to the decor. The seller turned down a lowball bid in January, and happily accepted a higher offer about a month later.
• The full description: Condomonium: $1.5 million for a Little Italy suite with three separate outdoor areas [December 21, 2012]