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535 10 AVE. SW., No. 404, CALGARY

ASKING PRICE $725,000

SELLING PRICE $720,000

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TAXES $2,882 (2014)

DAYS ON THE MARKET One

LISTING AND CO-OP AGENT Christina Hagerty, Re/Max Realty Professionals

The Action: Authentic lofts such as those found at the Hudson – Calgary's first conversion project – is so coveted that this one-bedroom residence found its new owner upon its first showing just two hours after it was listed in March.

What They Got: A five-storey, brick structure built for the Hudson's Bay Co. in 1909 had a subsequent life as a supermarket warehouse and home to more than 50 work/live lofts for the past 18 years, such as this 1,311-square-foot suite with 11-foot ceilings, hardwood floors, fir beams and columns.

Exposed-brick walls line the bedroom and one of the two bathrooms, as well as a living area with a gas fireplace and adjacent dining space, both visible from a den and kitchen with granite counters and stainless steel appliances.

Monthly fees of $757 are tied to the loft, along with ensuite laundry facilities, storage and two-car parking.

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The Agent's Take: "It's Calgary's first loft project, it was a converted Safeway warehouse building … and a hard loft is few and far between in Calgary, so it's a hot commodity," says agent Christina Hagerty. "What's funky and cool is that there is a freight elevator, the type where you have to roll the doors up and down."

The loft itself is equally funky and functional for buyers who need more space. "The top two floors tend to have the larger sizes and people like to move within the building," says Ms. Hagerty, whose had clients upsize from smaller suites there.

"The zoning was for an old warehouse, so it accommodates commercial use within the building, so about 30 per cent … is used as small offices, not retail, and that gives a lot of flexibility for buyers."

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.

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