235 MEDLAND ST., NO. 205, TORONTO
ASKING PRICE $429,900
SELLING PRICE $465,000
PREVIOUS SELLING PRICE $363,000 (2007); $275,651 (2005)
TAXES $2,603 (2011)
DAYS ON THE MARKET 14
LISTING AGENT Julie Kinnear, Royal LePage Real Estate Services Ltd.
The Action: This one-bedroom-plus-den unit at Medland Lofts in the popular Junction community sold in a bidding war after two weeks of promotion this summer, but not every loft there sells in a similar fashion, notes agent Julie Kinnear.
What They Got: In 1998, the commercial space inside this 1920s, art deco building was transformed into nine residential ones, like this 1,050-square-foot loft with 101/2- and nearly 10-foot ceilings on the main and second floor respectively.
Off the front entrance, there is a U-shaped kitchen with laminate wood floors, stainless steel appliances (including a gas stove), granite counters and a breakfast bar overlooking the dining area and entertaining space by the windows.
Storage is hidden beneath the stairs to the second floor, where there is one of two bathrooms, a master suite with a laundry closet, and an open den – or second bedroom – with sliding doors to a 130-square-foot deck with a gas outlet.
The unit has a locker and monthly fee of $258. Parking can be rented monthly for $50 in a Green P lot across the street.
The Agent’s Take: “It has large square footage and a very easy, turnkey lifestyle since the place was done and you didn’t have to renovate it,” says Ms. Kinnear. “The deck was west-facing and large, so you could easily entertain.”
Few buildings are of similar stature as the Medland Lofts. “You’re not in a big condo, you’re only on the second floor, so it’s small and intimate,” says Ms. Kinnear. “[Plus], it means you’re all responsible for the place.”
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.