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Two-storey Distillery District penthouse ‘really felt like a house’ Add to ...

39 PARLIAMENT ST., PH10, TORONTO

ASKING PRICE $695,000

SELLING PRICE $665,000

PREVIOUS SELLING PRICE $320,461 (2000)

TAXES $4,273 (2012)

DAYS ON THE MARKET 21

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.

The Action: There is little turnover in one of the first mixed-use buildings constructed in the historic Distillery District, so this two-bedroom-plus-den penthouse received an offer on the second day of marketing. But the sellers gambled on a better bid materializing, which occurred a couple of weeks later after 30 private showings were conducted.

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What They Got: At the entrance of a popular pedestrian-only arts and cultural destination is a 14-year-old mid-rise with ground-floor shops, galleries and private residences, such as this two-storey penthouse with a 1,500-square-foot plan, hardwood floors, custom staircase and expansive windows.

Larger spaces include an eat-in kitchen and open living and dining area with a built-in bookcase and terrace access.

The upper-level offers laundry facilities, a den and bedrooms, including one with a balcony and another with a walk-in closet and one of three bathrooms.

Two lockers and two parking spots complete the unit, which owes monthly fees of $797, including utilities.

The Agent’s Take: “The only one larger was a combined unit, so on plans this was the largest layout in the building, and it was spread out on two floors, which you only see on the penthouse floor. So it really felt like a house,” says agent Christopher Bibby.

“When you look at what we sold at per square foot, something like this in the [newer] neighbouring buildings would probably cost in the range of $1-million, so there’s a lot of

value.”

Buyers were also pleased with what they saw, both inside and out. “These are the original owners who bought the space raw and completely finished it to their specifications … so it was a very unique space,” Mr. Bibby notes.

“We had a balcony and a terrace with southeast views overlooking the Distillery District, the lake and Toronto Islands.”

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