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Broadview loft goes for $61,000 over asking Add to ...


ASKING PRICE: $549,000


PREVIOUS SELLING PRICE $207,000 (1999); $210,000 (1994)

TAXES $2,446 (2013)


LISTING AGENTS Julie Hughes and Doug Workman, Keller Williams Advantage Realty

The Action: The last vacancy in a lowrise near Todmorden Mills was in 2007, so this townhouse loft was a rare find for house hunters and a mystery to neighbours. Virtual tours opened up the roughly 1,400-square-foot space to countless buyers, but about 100 serious parties were funnelled through via showings, public and private open houses. Three out of six visitors made similar offers, but one surpassed them all with a $61,000 premium.

What They Got: A former event hall erected in 1927 that is now a condominium residence for 12 New York-style lofts. Seven units have street-level access, rooftop patios and multi-level layouts, such as this three-bedroom and two-bathroom suite with 10-foot ceilings and refinished maple hardwood floors.

By the garage is an entry into a foyer with stairs to a fireside living area with a few steps leading up to an kitchen updated last year. Up another level are two bedrooms, while the top floor is an open-concept sleeping quarter with a final flight of stairs to a roof divided with north and south-facing patios. Monthly fees are $386.

The Agent’s Take: “It was a social club of some sort, so when men were coming back from the war, they were actually having gatherings here … and changed into a dance hall,” agent Julie Hughes said. “In 1986, it was developed into townhouse condos. There isn’t anything like this layout in Toronto overlooking the city.”

Buyers were fascinated by the design of even utilitarian spaces. “Great open red stairs leading you up five semi-flights of stairs gave an open, contemporary feeling to the townhouse,” Ms. Hughes said.

“The rooftop patios were a real crowd pleaser [given] the view and a private garage under the townhouse with its own locker made it a very different style of townhouse.”

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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