915 KING ST. W., NO. 306, TORONTO
ASKING PRICE $489,900
SELLING PRICE $490,000
PREVIOUS SELLING PRICES $401,000 (2008); $358,000 (2005)
TAXES $2,782 (2010)
DAYS ON THE MARKET Three
LISTING AGENT Paul Johnston, Right at Home Realty
The Action: No staging was necessary for this stylishly decorated one-bedroom-plus-den corner loft, which was inspected by about 15 buyers in a matter of days.
What They Got: On the third floor of the Massey Harris Lofts – a century-old structure that was once the headquarters for the largest farm equipment manufacturer in the British Empire – this authentic loft features up to 14-foot ceilings, exposed brick walls and an open layout with oversized windows facing north and west toward a park.
Oak hardwood floors were recently installed throughout the unit, which interior designers Cecconi Simone fashioned – along with other models during the conversion – with a custom bed frame with storage, floating bathroom sink and rain shower head above the tub.
The elevated galley kitchen was designed with dark cabinetry, stainless steel appliances and granite counters overlooking the living and dining rooms on opposite sides.
A monthly fee of $533 takes care of water and heating costs, plus $22 maintains the parking spot in the garage of an adjacent building.
The Agent’s Take: “The buyer recognized how rare it was to find a vintage loft in that neighbourhood,” says agent Paul Johnston, who says fewer units in that building are listed for sale. “The ones that often do are considerably smaller.”
Though there are no recreational amenities to speak of, this mid-rise has other attributes. “It’s one of the few buildings that I’m aware of that actually has radiant floor heating,” Mr. Johnston says.
“It’s located on the edge of a municipal park, so as a result, most of the rooms overlook this terrific green space, which a buyer can reasonably assume isn’t going anywhere.”