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Strong demand helps speed Merchandise Lofts sale Add to ...




PREVIOUS SELLING PRICE $512,000 (2012); $219,563 (2000)

TAXES $3,600 (2014)


LISTING AGENT Elli Davis, Royal LePage Real Estate Services Ltd.

The Action: There were numerous units for sale this summer in the Merchandise Lofts – a converted Sears warehouse near Church and Dundas streets. But demand for large, true loft conversions is strong, so this two-bedroom, sub-penthouse suite sold briskly.

What They Got: This 1,200-square-foot, two-bedroom loft has a rotunda leading to an open principal room with 12-foot ceilings, a wall of windows and polished concrete floors, along with a gas fireplace and granite-topped kitchen island.

Hidden behind sliding doors are two bedrooms, including a master suite with his and her closets and a five-piece bathroom.

Monthly fees of $697 pays for water, concierge, salt-water pool, basketball court, party room and rooftop deck, plus $59 and $7 for its parking spot and locker respectively.

The Agent’s Take: “The building is really sought after because of the location downtown and the original loft feel,” agent Elli Davis states. “It showed very well, it had good views and it was a great space with high ceilings.”

Buyers also liked having amenities within close reach. “There’s a big Metro downstairs, which is great, and lots of shops nearby,” says Ms. Davis, who fielded inquiries largely from young professionals, “who like to walk to work, and work and play downtown.”

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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