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Toronto Loft Conversions

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Modern Toronto Lofts

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Unique Toronto Homes

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Condos in Toronto

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Toronto Real Estate

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Tag Archives: interior space

Second offer takes unique three-storey Toronto factory loft

Sydnia Yu – The Globe and Mail

ADDRESS: 200 Clinton Street, No. 1
ASKING PRICE: $1,495,000
SELLING PRICE: $1,300,000
PREVIOUS SELLING PRICES: $471,000 (1998); $349,000 (1996)
TAXES: $5,776 (2011)

Button Factory Lofts - 200 Clinton Street

Button Factory Lofts – 200 Clinton Street

THE ACTION: On a residential street between popular restaurants and cafés on Harbord and College streets, this three-storey, ground floor unit at the Button Factory Lofts was slowly cased by about 60 buyers starting in the fall. A lowball offer was turned away, but the seller’s patience paid off with another viable bid by the end of winter.

Comment: Don’t be fooled by the long time on the market, expensive properties like this always take time to sell.

WHAT THEY GOT: In the 1990s, a century-old, uniform factory was redeveloped with 13 raw loft spaces. This one occupying the building’s north, east and south corner was the largest with 2,400 square feet of interior space and 600 square feet outdoors, excluding the private front yard.

The main floor has three entry points, including a door between the carport and the kitchen and dining area and the warehouse’s original front entrance between the garden and fireside living space with 24-foot ceilings, original post and beams, hardwood floors and custom spiral staircase.

A second-floor terrace can be reached from the den and bedroom, while the rooftop deck is at the top of the stairs from a third floor master suite with one of three bathrooms.

Without recreational facilities or concierge on site, monthly fees are just $964.

THE AGENT’S TAKE: “It’s a hidden gem with only 13 units in the complex, so there’s next to no turnover,” agent Christopher Bibby said. “[This unit] is such a unique property, it is the largest in the complex and it has the most exterior space.”

Lofts rarely possess an original front door, skylights, wood-burning fireplace, spiral staircase and outdoor space, much less all those elements combined, he said.

“In a lot of conversions, you’re on a higher floor. Here, the entire unit was at grade, so it really felt more like a freehold property, but it did have lofty characteristics,” Mr. Bibby added.

“It’s not common in a loft to have 2,400-square feet spread over three floors.”

Comment: Amazing, I sold one in this building a few years ago. Even with multiple offers, it only went for a bit over $800k. I cannot believe how much prices have risen here!

Contact Laurin Jeffrey for more information – 416-388-1960

Laurin Jeffrey is a Toronto Realtor with Century 21 Regal Realty. He did not
write these articles, he just reproduces them here for people who are
interested in Toronto real estate. He does not work for any builders.