1 COLUMBUS AVE., NO. 104
ASKING PRICE $589,900
SELLING PRICE $560,000
PREVIOUS SELLING PRICE $254,000 (1998); $283,729 (1997)
TAXES $3,485 (2011)
DAYS ON THE MARKET two
LISTING AND CO-OP AGENT Anil Khera, Royal LePage West Realty Group Ltd.
THE ACTION: This two-storey, corner loft in a former baseball glove factory failed to score a buyer when put on the market priced at $599,900. A re-listing a few weeks later at $589,900 succeeded in igniting buyer interest and about 20 people immediately reserved showings and twice that number showed up for the open house. A visitor at an earlier open house returned a second time with an offer after ruling out a newly-built condo suite.
WHAT THEY GOT: In the mid-1990s, Rawlings' brick warehouse was converted into a boutique loft project with ten units, including this 1,300-square-foot model with original wood beams, exposed brick walls and windows on three sides, as well over 10½-foot and nine-foot ceilings on the main and upper levels respectively.
There is a parking spot just outside the entrance into the ground level of the unit, which has a sunken master bedroom with a four-piece bathroom.
A powder room and laundry facilities are located on the second level where there is an open living room with a gas fireplace and a balcony, along with a sunken dining area and kitchen.
The unit is equipped with alarm, sound and central vacuum systems, plus relatively new heating and cooling systems.
Monthly fees are just $427.
THE AGENT'S TAKE: "This building in particular is unique because there are only ten units and only five floors, so that's an average of two per floor since some of the units are multi-level," says agent Anil Khera. "The building is self-managed, so …. all of the occupants are involved on the board and take responsibility for certain aspects of running the building."
This particular unit also has unconventional perks. "All the units are very generous in terms of space, so this is the second smallest unit in the building with 1,300 square feet," says Mr. Khera. "Other than the two units on the top floor, which had terraces, this had the largest outdoor space."