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This two-bedroom suite at Tecumseth Lofts had about 50 visitors, but the price was adjusted to push a buyer to make an offer.

Toronto Lofts Realty Corp. /Toronto Lofts Realty Corp.

766 King St. West, unit 209, Toronto

Asking price: $829,900

Selling price: $825,000

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Previous selling prices: $465,000 (2010); $327,000 (2005); $250,000 (2000)

Taxes: $3,209 (2018)

Days on the market: Six

Listing agent: Edwin Brdlik, Toronto Lofts Realty Corp.

The action

The 19-year-old building on King Street West has 28 single- and multi-level lofts.

Toronto Lofts Realty Corp. /Toronto Lofts Realty Corp.

In early December, this two-bedroom suite at Tecumseth Lofts had about 50 visitors through its doors, but the price was adjusted to push a buyer to make an offer.

“It was originally priced at $839,900 and reduced to $829,900, because the market has softening and slowing down, particularly in this price range,” agent Edwin Brdlik said.

“There’s just not as much pressure on the market any more.”

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What they got

The nearly 1,000-square-foot unit offers a two-storey plan with 10-foot ceilings in the bedrooms upstairs.

Toronto Lofts Realty Corp. /Toronto Lofts Realty Corp.

In a 19-year-old building with 28 single- and multi-level lofts, this nearly 1,000-square-foot unit offers a two-storey plan with 10-foot ceilings in the bedrooms upstairs.

The main floor is open concept with the living and dining area by the sliding doors to a terrace and an L-shaped kitchen tucked in a corner with a granite-topped island, maple cabinetry and stainless steel appliances.

Additional assets include two bathrooms and laundry facilities, plus surface parking. Monthly maintenance fees of $678 covers water costs.

The agent’s take

“To be on King Street West and have a two-level, almost 1,000-square-foot unit with parking for that price – given what the market has been doing as of late – it’s still a pretty good deal,” Mr. Brdlik said.

“It also has a nice outdoor terrace with a gas [hookup], nobody above, and it’s on the north side of the building, which is the quiet side versus fronting onto King.”

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