Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

261 KING ST. E., NO. 405, TORONTO

ASKING PRICE $825,000

SELLING PRICE $795,000

Story continues below advertisement

TAXES $5,977 (2011)

DAYS ON THE MARKET 18

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.

The Action: In the Abbey Lane Lofts, a couple of blocks from the historic St. Lawrence Market and Distillery District, this two-storey suite opened its doors to more than a dozen buyers requesting private showings.

What They Got: A roughly decade-old building with less than 30 units provides an intimate setting for this over 1,800-square-foot plan with loft-style traits, such as concrete floors and walls in the kitchen, dining area and entertaining space, which also features double height ceilings, windows and terrace doors.

Hardwood floors appear in the main-level den, which is hidden behind sliding doors, and two bedrooms upstairs, including a 21-by-16-foot master suite with nine-foot ceilings.

Two bathrooms and laundry facilities form the rest of the unit, which also has a locker, parking and monthly fees of $699.

Story continues below advertisement

The Agent's Take: "For soft lofts, you can see prices anywhere from about $600 per square foot, but this was $441 per square feet, so that's tremendous value given the fact its 1,800-square feet," agent Christopher Bibby said.

"It was marketed as a two-bedroom-plus-den, but all three rooms were enclosed with natural light coming through, so a family could have lived in the space."

Unlike conventional buildings, each unit was different, from varying ceiling heights to one and two-storey layouts. "[Here] the master bedroom was probably the largest master bedroom I've been in in a condominium," Mr. Bibby said.

"We had a south-facing terrace with a view of the city skyline, Financial District, CN Tower and the lake, and again, in a lot of loft buildings in general, you don't see a lot of exterior space of this size, so that was unique as well."

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.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies