55 FRONT ST. E., NO. 308, TORONTO
ASKING PRICE $999,900
SELLING PRICE $1,050,000
TAXES $6,305 (2014)
DAYS ON THE MARKET Nine
LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.
The Action: This two-storey loft in a new boutique building near the Sony Centre for the Performing Arts stood out amid a sea of conventional single-storey units, so it had a steady stream of first and second showings, provoking three buyers into making competing offers.
What They Got: A few years ago, Concert Properties integrated a heritage building into a new mixed-use, boutique building with future commercial space facing Front and Church streets, luxury suites and authentic lofts above, such as this two-bedroom-plus-den unit with original warehouse-style windows.
This 1,730-square-foot space has its entrance off a landing with stairs down to a laundry room and two bedrooms, including one with a walk-in closet and the largest of three bathrooms, as well as stairs up to a den, living and dining area and kitchen with stainless steel appliances and hardwood floors.
Ownership also comes with a locker and parking, plus $892 monthly fees for water, concierge, gym, party room and rooftop deck.
The Agent's Take: "There's nothing really like it out there [because] it's a conversion that's in a brand new build, and it's so centrally located," agent Christopher Bibby states.
"The finishes were of a high calibre and it showed very well. The owners did a very good job of the design."
While the sellers are credited for the modern décor, the builder created the unique layout. "There weren't direct, competing units [with] this one being the only unit on two floors," says Mr. Bibby, who had interest from empty-nesters and professionals working in the Financial District.
"Being on a lower floor and split over two levels, it felt like a townhouse more than a condo."
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.