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Toronto penthouse lingers on market until price cut Add to ...

11 WOODLAWN AVE. W., PH 6, TORONTO

ASKING PRICE $1,199,000

TAXES $7,265 (2012)

DAYS ON THE MARKET Two

LISTING AGENT Sue Mills, Royal LePage Signature Realty

The Action: This two-bedroom penthouse lingered on the market at $1.379-million right through the summer. But another agent, Sue Mills, sold the loft in two days once she relisted it late last year for less than $1.2-million.

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What They Got: In 1990, the Matthews Group converted a 61-year-old church to house six lofts, including this penthouse with 2,341-square-feet of living space spread across two floors connected by a winding staircase, arched windows and hardwood floors throughout. The great room was dramatically finished with a gas fireplace, double height ceilings and a 12-by-18.5-foot terrace with new French doors and decking added within the past year.

The sky-lit master suite upstairs is three times the size of the main-floor bedroom with a walk-in closet, laundry room and recently remodelled seven-piece en suite, which is the largest of three bathroom with a whirlpool tub and separate shower stall with a rainfall showerhead and adjustable wall shower.

The balance of the loft provides a formal kitchen and open dining area for cooking and consuming meals, plus a locker and two-car parking for storage.

Monthly fees are $1,820.

The Agent’s Take: “Church conversions are becoming more popular but there are very few with only a handful of suites,” Ms. Mills states.

“Many of the original features remain and can be found in this suite including the two-storey cathedral ceiling, huge windows and stained glass.”

The seller’s stylish décor also enhanced this penthouse’s rare attributes.

“All six suites are two-storey units, however only suites number five and six are this large with the private elevator and south-facing terrace with skyline view,” Ms. Mills adds.

“It’s a perfect suite for entertaining with its gorgeous great room, spacious dining room and sunny south-facing terrace.”

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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