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); } //

Re/Max Hallmark Bibby Group Realty

388 Richmond St., W. Ph 1, Toronto

Asking price: $2,595,000 (February, 2021)

Selling price: $2,400,000 (March, 2021)

Story continues below advertisement

Previous selling price: $1,499,000 (May, 2007)

Taxes: $8,474 (2020)

Days on the market: 34

Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty

The action

Slatted wood ceilings and limestone floors add spark to the open living room, dining room and kitchen.

Re/Max Hallmark Bibby Group Realty

The mass exodus of people who lived, worked and played in downtown Toronto last year made it difficult to sell large suites, like this custom, three-bedroom, corner penthouse at the District Lofts building. It was listed at various times, sometimes above $3-million.

With the market rebound this year and the owner no longer in residence, a new agent ordered repairs, staging and a list price under $2.6-million. Over two weeks, one interested bidder negotiated a $2.4-million deal.

“This was pretty significant because, at the time, we were barely seeing places sell over $1.5-million,” agent Christopher Bibby said.

Story continues below advertisement

“The timing was perfect because two weeks after this sale … we went back into lockdown and a quiet period where things are taking longer to sell.”

What they got

The unit has a floating staircase in a circular atrium.

A heritage building to the south means the unit's view will be preserved.

Re/Max Hallmark Bibby Group Realty

The original owner, Howard Cohen, who co-founded Context Developments, which developed the building, collaborated with the building’s designer, architect Peter Clewes of architectsAlliance, to pack the two-storey penthouse with special features.

There’s a floating staircase in a circular atrium. Slatted wood ceilings and limestone floors add spark to the open living room, dining room and kitchen. The bedrooms are on the lower level including one with a walk-in closet and one of three bathrooms.

A water feature adds interest to one of the two terraces.

The unit comes with a storage locker and parking. Monthly fees of $1,497 cover water, heating, concierge and use of the gym.

The agent’s take

The view from one of the unit's three bathrooms.

Re/Max Hallmark Bibby Group Realty

“It was completely custom, so it wasn’t like anything else in the building,” Mr. Bibby said.

Story continues below advertisement

“People would ask why you’d have a Juliet balcony in front of your [bathroom] vanity and the thought was you could shower and feel like you were outside.”

The design made the most of the southeast view. “They positioned the staircase on the exact same axis as the CN Tower, so as you walk up the stairs, the first thing you see is the CN Tower,” Mr. Bibby said.

“On the south side is a heritage building … so the south view isn’t going anywhere.”

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct

For sale in this area

View similar listings below. Clicking on the map will take you to the listings below.

Open this photo in gallery: Gallery photo 1
1199000.00
#2 -189 QUEEN ST E, Toronto, Ontario
BOSLEY REAL ESTATE LTD.
Bedrooms
2
Bathrooms
2
Building Type
Condo/Strata
Property Type
Single Family
Own A Piece Of Historic Toronto! This Beautiful And Truly One-Of-A-Kind Hard Loft Combines Modern Touches With Character That Cannot Be Replicated. The Original Exposed Brick, Wood Post And Beams, And Traditional Wood Flooring Showcase The History Of This Converted 1880'S Boiler Factory. Boasting Over 1800 Sq Ft With Soaring 14 Ft Ceilings And Chef Inspired Kitchen, This Oversized 2 Storey Unit Is An Entertainer's Dream.**** EXTRAS **** S/S Miele Wall Oven, B/I Coffee Machine & D/W. Sub Zero Fridge/Freezer, Jenn-Air Gas Stove, Wine Fridge, All Elf's, Remote Control Blinds, B/I King Bed & Wood Nightstands, B/I Desk & Cabinets In Den. Washer & Dryer. Excl: Projector & Screen (id:31729)
Listing ID C5239187
Salesperson DEANNA CATHERINE PARRELL
Brokerage BOSLEY REAL ESTATE LTD.
Open this photo in gallery: Gallery photo 1
1549000.00
#3 -189 QUEEN ST E, Toronto, Ontario
SAGE REAL ESTATE LIMITED
Bedrooms
2
Bathrooms
2
Building Type
Condo/Strata
Property Type
Single Family
Feast Your Hungry Hard Loft Eyes Inside 1 Of The Largest Units This Intimate, Rarely-Offered 11-Unit 1880'S Boiler Factory Conversion Has To Offer. Tucked Discretely Dt W/In Steps To The St L Market, These 2-Storeys + Terrace Seductively Tell A Story Of Toronto's Past With Its Original Brick, Wood Posts & Beams, 14-Ft Ceilings & Vintage 125-Yo Hardwood Flrs. Married W/ Vintage Are 2 Exquisite Baths Plus A New, Stunning, Commanding Chef-Worthy Eat-In Kitchen**** EXTRAS **** Ge Fridge, Kitchen Aid Gas Stove & Ss Hood Fan, Fisher & Paykel D'washer, Microwave, Hunter Douglas Remote-Control B/O Shades, Custom Drapery, Nest, Lg Washer/Dryer, Custom B/Is, Designer Light Switches, Elfs. Exclude: Wine Fridge (id:31729)
Listing ID C5208669
Salesperson KARYN MARIE FILIATRAULT
Brokerage SAGE REAL ESTATE LIMITED
Open this photo in gallery: Gallery photo 1
1248000.00
#2402 -50 LOMBARD ST, Toronto, Ontario
TFN REALTY INC.
Bedrooms
3
Bathrooms
2
Building Type
Condo/Strata
Property Type
Single Family
Absolutely Remarkably Renovated From Top To Bottom W/ Premium Highest-Standard Custom Architect-Designed Finishes&Impeccable Style Rare Southeast Corner & Solarium Unit W/Unencumbered Views Of The Lake And The Toronto Skyline!Open Concept W/ Cozy Modern B/I Entertainment Unit W Fireplace,W/ Hardwood Floor Throughout.Custom Chef Gourmet Kitchen W/Quartz Back-Splash&Coutertop,Brkfst Island.Large Master W/Unique Custom W/I Closet,Spa Like En-Suite Bath.Must See!**** EXTRAS **** High-End Brand New Miele Appl:Cooktop,Dw,Wall Oven+Microw&Exhaust.Fridge,Wine Fridge,Bosh W/D,All Elf's,New Window Coverings.100 Walkscore&Transit Score,Walk To St.Lawrence, Financial Distr, Eaton Centre.Boutique Bldng W/Luxury Amenities. (id:31729)
Listing ID C5228832
Salesperson NATALIE VILENKIN
Brokerage TFN REALTY INC.
Open this photo in gallery: Gallery photo 1
530000.00
#1105 -33 LOMBARD ST, Toronto, Ontario
HOMELIFE/BAYVIEW REALTY INC.
Bedrooms
1
Bathrooms
1
Building Type
Condo/Strata
Property Type
Single Family
Junior 1 Br Suite At The Spire In Financial District! Just Renovated W/ New Floor, New Fridge & New Paint. 9Ft Ceilings, Floor To Ceiling Windows, Open Concept Kitchen, Large Balcony, Spacious Balcony With Unobstructed City Views! Minutes To Financial District, St Lawrence Market,Subway/Ttc/Path System. Excellent Layout With No Wasted Space!**** EXTRAS **** Fridge, Stove, Built-In Dishwasher, Washer & Dryer, Sofa, Tv Organizer And Bed. (id:31729)
Listing ID C5260838
Salesperson PERCY KAI PONG LEUNG
Brokerage HOMELIFE/BAYVIEW REALTY INC.
Open this photo in gallery: Gallery photo 1
958800.00
#306 -33 LOMBARD ST, Toronto, Ontario
SOTHEBY'S INTERNATIONAL REALTY CANADA
Bedrooms
3
Bathrooms
2
Building Type
Condo/Strata
Property Type
Single Family
*Spire* Rare 2 Bdrm Plus Separate Family Room! Family Rm Has Flr To Ceiling Windows Ideal As Entertainment Space Or Home Office . Spacious & Unique Layout-1058 Sqft! Urban Views Of St James Cathedral & Park. Floor To Ceiling Windows In Every Room. Lots Of Natural Light For Plant Lovers! Two Full Washrooms. Podium Suite, Easy Access To Lobby Or Courtyard Exterior Entrance. Amazing Value For Two Plus Family Room! Walk Score 98, Transit 100, Bike 94!**** EXTRAS **** Stainless Steel Fridge,Stove,B/I Dishwasher,Over The Range Microwave,Washer,Dryer,Solar Blinds,Electrical Light Fixtures,Wall Mirror In Foyer. Steps To Financial District,St Lawrence Mrkt, Yonge Subway,King/Queen Streetcar,Shopping & More! (id:31729)
Listing ID C5233274
Salesperson BRENT PARK
Brokerage SOTHEBY'S INTERNATIONAL REALTY CANADA
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