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Hard loft near Ryerson University subject to bidding war

Done Deal, 155 Dalhousie St., No. 684, Toronto

155 DALHOUSIE ST., No. 684

ASKING PRICE $679,000

SELLING PRICE $675,000

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PREVIOUS SELLING PRICE $464,000 (2008); $339,000 (2005); $226,741 (2001)

TAXES $3,260 (2016)

DAYS ON THE MARKET Seven

LISTING AGENT Dino Capocci, Royal LePage Real Estate Services Ltd.

The Action: In the Merchandise Building near the Eaton Centre, it's becoming commonplace for buyers to enter into bidding wars for lofts such as this two-bedroom version. Compounded by the fact it was the only option in the $600,000 range, it was picked up for $675,000 this fall.

What They Got: A century-old building that once served as a Sears warehouse is now a conversion project with retail shops and hard lofts above. Among the larger set is this 1,150-square-foot loft with 12-foot ceilings, exposed duct work, hardwood floors and east-facing windows in the living and dining area.

Behind sliding doors are two bedrooms, including one with polished concrete floors and one of two bathrooms.

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For washing up, there are laundry facilities and a kitchen with granite counters and stainless-steel appliances.

Part of the package is a locker, parking and monthly fees of $716 for water, heating, concierge, guest suites, fitness and recreational facilities.

The Agent's Take: "It's a true loft with high ceilings, exposed ductwork and hanging industrial doors, so that's the cool factor that everybody likes," agent Dino Capocci says. "It's around 1,200 square feet, so it's a bigger size, especially compared to the new stuff going up now."

The historic building also has a strong reputation. "The amenities are second to none, it has a basketball court, a pool and a beautiful rooftop garden where you can see the whole city from all views – north, south, east and west," Mr. Capocci notes.

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