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Buyer chops $15,000 off High Park loft conversion Add to ...

32 GOTHIC AVE. NO. 4, TORONTO

ASKING PRICE $719,000

SELLING PRICE $704,000

PREVIOUS SELLING PRICE $560,000 (2010)

TAXES $4,920 (2012)

DAYS ON THE MARKET 10

LISTING AGENT Nutan Brown, Royal LePage West Realty Group Ltd.

The Action: In a unique loft conversion project just a two-minute walk from High Park, this two-bedroom suite hosted an open house graced by roughly two dozen buyers. The crowd was large enough to produce an offer just $15,000 shy of the list price.

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What They Got: Gothic Heritage Estates is a more than century-old heritage structure that was originally home to a single family, but is now divided into seven condominium suites with different shapes and sizes. Roughly six years ago, this northeast corner space was refurbished with hardwood floors, arched and stained glass windows and a gas fireplace between the living room and dining area.

Wet stations include an open kitchen with stainless steel appliances, ensuite laundry facilities and three bathrooms, including a five-piece ensuite in a master bedroom with a balcony.

Ownership includes surface parking and an adjacent 400-square-foot garden space, plus monthly fees of $730.

The Agent’s Take: “It’s a fabulous location for access to transit, Bloor West Village and High Park,” says agent Nutan Brown. “There are some church conversions, which are quite interesting, but having a giant mansion converted to condos is quite rare.”

This unit, like others, is one of a kind. “The finishes are superlative in that unit with beautiful hardwood floors, granite counters and all the cabinetry and millwork is custom, [plus] the ceiling height is something a lot of people commented on – it’s 11- to 12-feet – so it feels really spacious in there,” Brown notes.

“There is a separate … outdoor grass garden area and only two units of the seven have that, and [unit] number four is one of them. So it’s nice because you can grow a garden there or have a patio set.”

Editor's Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale prices that are publicly available from government sources. While we try to publish Done Deals as soon as possible after the transaction has occurred, long closings can cause delays.

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