21 Nassau St., Toronto.
21 Nassau St., No. 302, Toronto
Asking price: $449,900
Selling price: $621,000
Previous selling prices: $218,500 (2005); $104,230 (2000)
Taxes: $2,148 (2017)
Days on the market: 13
Listing agent: Edwin Brdlik, Toronto Lofts Realty Corp.
The action: This one-bedroom unit at Kensington Market Lofts is a rare commodity, however, it was priced less than $450,000 to ensure a large audience in early May. About 30 shoppers visited daily, so the buyer’s reaction surpassed expectations as the sellers were confronted with 18 offers.
“Smaller units in the building like that, maybe come up once a year,” agent Edwin Brdlik said .
“If you’re looking at 500 to 600 square feet, typically they don’t have parking to start with, so to find a hard loft with all of those features under $500,000, it’s likely to go for more [money] like this one did.”
Circa 2000, three George Brown buildings were converted into a condominium community with lofts of various configurations and a central courtyard.
What they got: Circa 2000, three George Brown buildings were converted into a condominium community with lofts of various configurations and a central courtyard.
The structure built in the early 1920s had about 650 square feet of space carved out for this south-facing unit. At its centre is an open entertaining and dining area with 13-foot ceilings, cork floors and a custom spiral staircase to the sleeping quarters.
The unit also comes with a renovated kitchen and bathroom, along with laundry facilities and parking. Each month, $516 pays for water, heating, recreation and party rooms.
The agent’s take: “There are not many units in the city like this, they’re scarce to being with, and even in this building as well,” Mr. Brdlik said. “It has nice high ceiling and a beautiful courtyard view.”