Condo of the Week: $2.5 million for a two-level suite with a champagne-ready terrace

Address: 20 Niagara Street, Unit 104
Neighbourhood: King West
Agent: Paul Johnston, Right at Home Realty Inc., Brokerage
Price: $2,495,000
Previously sold for: $965,000, in 2006

The place

A two-level home with views of Victoria Memorial Park.

The main living space is completely open:

Here’s the living room, with doors to the terrace:

The kitchen is by Valcucine:

The dining area has a 22-foot ceiling. The chandelier is by Yabu Pushelberg.

And here’s the den, with a bunch of built-in shelving:

The master bedroom is on the second floor:

The master ensuite:

The walk-in closet:

The history

A couple who work in lighting design bought this 20-year-old condo just under a decade ago. Four years ago, they commissioned Hassaniplawinski Design to help them rethink the space. The redesign included new lighting (of course), new 11-inch-wide smoked oak flooring and a 1,300-bottle wine cellar:

Big selling point

The owners had a 19-foot-long concrete table poured on the terrace. It seats 12 guests and has troughs for chilling champagne:

Possible deal breaker

Unlike many King West condo towers, this building has no bar, pool or gym. But with a terrace like that, it shouldn’t be hard to make friends:

By the numbers

• $2,495,000
• 2,000 square feet
• 1,300-bottle wine cellar
• $1,115 in monthly maintenance fees
• 1,000-square-foot terrace
• 12-seat poured concrete terrace table
• 2 bedrooms
• 2 bathrooms
• 1 parking space
• 1 den with built-in bar, desk and media centre

The Hunt

Real Estate

Surreal Estate: $28 million for a humongous North York mansion off Bayview with a 40-seat home theatre

What 21,000-square-foot fortress would be complete without 12 parking spots, a commercial-grade wine room, a 72-foot balcony and a tennis court?