637 LAKE SHORE BLVD. W. NO. 1018, TORONTO
ASKING PRICE $1,595,000
SELLING PRICE $1,635,000
TAXES $8,827 (2011)
DAYS ON THE MARKET one
LISTING AGENT Robin Pope, Brad J. Lamb Realty Inc.
CO-OP AGENT Nicole Van Stone, Brad J. Lamb Realty Inc.
The Action: In the popular Tip Top Lofts residence by the waterfront, this completely custom corner penthouse sparked at bidding war between four buyers on the day it was listed for sale.
What They Got: This five-storey warehouse and office facility was constructed for a menswear clothing retailer in 1929. But it is now home to authentic hard lofts and new soft lofts in a six-storey addition, including this two-bedroom plus den suite with open concept rooms, 11-foot ceilings and full height windows with unobstructed city and lake views.
The seller – whose brokerage firm handled the conversion project's marketing and sales – combined two units to create this roughly 2,300-square-foot space and hand-picked everything from the wiring, plumbing and sound systems to a $35,000 entry staircase and dark wood panelling on 40 per cent of the walls.
There is an east-facing balcony off a living room with a gas fireplace and a larger north-facing terrace accessible from the dining area and Poliform kitchen, which showcases high gloss and frosted glass cabinetry and stainless steel Sub-Zero appliances, including a gas stove and wine fridge.
The master suite has a walkout to the larger terrace, a walk-in closet and open five-piece bathroom.
This unit comes two more bathrooms, full-sized laundry machines, an exterior locker on the same floor and two side-by-side parking spots underground.
A monthly fee of $1,432 covers maintenance of a gym and party room, plus security and concierge.
Local amenities include waterfront trails and yacht club, as well as streetcars and the Gardiner Expressway.
The Agent's Take: "It was a completely custom apartment and you can't really find that in that price range," says homeowner and president of Brad J. Lamb Realty Inc., Brad Lamb.
"Usually if you want to get something like that, it would be over $2-million."