Done Deal, 347 Sorauren Ave., No. 107, Toronto
347 SORAUREN AVE. NO. 107, TORONTO
ASKING PRICE $699,000
SELLING PRICE $720,000
PREVIOUS SELLING PRICES $543,000 (2007); $459,000 (2006); $326,000 (2004); $127,679 (2000)
TAXES $3,822 (2012)
DAYS ON THE MARKET Four
LISTING AGENT Jeanette Grant, Marketpoint Realty Corp.
The Action: This three-bedroom loft had nearly 60 visitors between private showings and an open house event. Any offers were to be reviewed on a specific date, but the sellers felt the buyer who made an early bid was the right one and signed a deal at $720,000.
What They Got: Sorauren Lofts is a century-old building converted into an energy-efficient residence housing authentic work/live lofts as small as 550 square feet and as large as this ground floor unit with more than 2,000 square feet.
Original posts and beams appear throughout the two-level unit, which has a private office and bedroom with stone floors and pot lights, and an open entertaining area and kitchen with bamboo floors, 15-foot wood ceilings, a gas fireplace, double doors to a common garden, Caesarstone counters, ceramic backsplashes and stainless steel appliances.
The second-floor mezzanine accommodates two carpeted bedrooms, including one with a walk-in closet, and two bathrooms, one of which has laundry facilities.
The unit comes with surface parking and monthly fees of $586 to cover the cost of water, concierge, party room and tennis court.
The Agent's Take: "This is actually my favourite true hard loft conversion – formerly a ball-bearing factory – in the fabulous Roncesvalles/Junction areas," says agent Jeanette Grant.
"These units don't come available very often, and each one is unique."
For instance, this loft was memorable for its style. "I had so much interest on this stunning space – the biggest unit in the Sorauren Lofts – which appeals to artistic and creative buyers," Ms. Grant states.
"We had staged it to perfection and it had such a great vibe, it was really no wonder we had a pre-emptive offer on the day of the first open house."
Editor's note: The print and earlier online version of this story indicated that payment for the use of tennis courts were included in the condo fees. In fact, the courts are a public facility in the neighbouring park.
Editor's Note: Done Deals contain information gathered from real estate agents, home buyers, home sellers and sale price data that is 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.