50 BLEECKER ST., UNIT C, TORONTO
ASKING PRICE $785,000
SELLING PRICE $785,000
PREVIOUS SELLING PRICE $580,000 (2011); $420,000 (November, 2003); $392,000 (May, 2003); $232,500 (1999)
TAXES $4,696 (2014)
DAYS ON THE MARKET One
LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty
The Action: Around the corner from Allan Gardens, the Bleecker Street Lofts can go without any vacancies for years. By chance, two lofts were posted for sale last fall, yet this two-bedroom-plus-den unit waited for a feasible deal for months. So it was relisted with a condo specialist – agent Christopher Bibby – whose first visitor made an enticing offer that 15 other buyers couldn't surpass with only 24-hours notice.
What They Got: In 1994, a brick heritage structure was converted into four lofts with street access, including this 2,144-square-foot unit with east and west-facing windows and a fusion of old and new features, such as an upper bedroom with exposed brick walls and a combined walk-in closet and bathroom with a frameless shower stall.
Ceilings are 14 feet above both the skylit den and living room upstairs, as well as the lower-level entertaining area, dining space and kitchen equipped with hardwood floors, stainless steel appliances and access to a second bedroom and bathroom.
The loft comes with surface parking and monthly condo fees of $720 to cover utilities.
The Agent's Take: "This is very unique because there are only four units in the building and it's self-managed, so it's a very intimate building where everyone knows each other," says agent Christopher Bibby.
"The division of space was incredible because there was so much to work with. [For instance], it was incredible how you have to walk through the closet and washroom to get to the master, which provided a lot of privacy for the owners."
What pleased buyers even more was that the sizable loft didn't require a big budget. "[The units] are all more or less the same, but this is the largest of the four," Mr. Bibby notes. "For this price, even under $800,000, you're not going to get over 2,000 square feet of living space in a semi-detached house in Leslieville. So I saw a lot of people frustrated with the freehold market and saying this could be a good alternative."
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.