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Terrace draws buyer to Liberty Village condo Add to ...

1029 KING ST. W., NO. 828, TORONTO

ASKING PRICE $549,900

SELLING PRICE $547,500

PREVIOUS SELLING PRICES $512,000 (2011); $287,000 (2003); $181,429 (2002)

TAXES $3,154 (2012)

DAYS ON THE MARKET 16

LISTING AGENT Boris Kholodov, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division

The Action: A dozen buyers navigated their way through this two-bedroom penthouse near Liberty Village before two offers were registered after about two weeks of market exposure.

What They Got: Electra Lofts is packed with two-storey suites, including this 1,060-square-foot model designed in the upper southeast corner with an open principal room with hardwood floors, concrete walls and ceilings 17-feet above and sliding doors to one of three private outdoor spaces, including a rooftop terrace.

For privacy, one second-floor bedroom features a balcony and the other a walk-in closet and electric fireplace.

The suite includes laundry facilities, two full bathrooms and a kitchen with stainless steel appliances, ceramic floors, quartz countertops and an island.

Beyond the suite, is a designated locker and parking spot. Monthly fees are $618 for utilities and use of a renovated gym and meeting room.

The Agent’s Take: “This unit is one of the top floor units in this building that offers a private rooftop terrace accessible directly from the suite, so this feature was especially attractive to buyers,” says agent Boris Kholodov. “It’s a layout that is attractive to most young professionals looking for a lofty space in King West.”

Another perk was the proximity to urban attractions, from restaurants to supermarkets. “The location right at King Street makes streetcar access very convenient,” Mr. Kholodov adds.

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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