DONE DEAL Moss Park ground-floor unit appeals to young professionals, empty nesters alike

Written by | Published in The Globe and Mail
90 Sherbourne St
In the Press
July 30, 2021

90 Sherbourne St., No. 102, Toronto (Moss Park)

Asking price: $1,045,000 (May, 2021)

Selling price: $1-million (May, 2021)

Previous selling prices: $950,000 (January, 2020); $425,000 (June, 2007); $315,000 (April, 2004); $210,000 (April, 1999); $149,941 (February, 1998)

Taxes: $3,093 (2020)

Days on the market: 15

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

The action

This ground-floor unit has 1,392 square feet of space and 10-foot ceilings.

In an area filled with units advertising loft-like characteristics in newer towers, this one-bedroom-plus-den loft offers brick walls, as well as wood posts and beams original to a century-old warehouse. Ten buyers admired these industrial elements up close.

“There was nothing else for sale in the building, and lofts – regardless of market conditions – tend to do really well because there’s always low supply,” agent Christopher Bibby said.

“There were a lot of empty nesters and down-sizers, so that was interesting and positive because our target audience initially was young professionals and people looking for more authentic, creative spaces.”

The agent’s take

The unit comes with two bathrooms and five appliances, plus a locker and surface parking.

“What also made this unit really unique was the fact it was on the main level, so you don’t have to worry about an elevator,” Mr. Bibby said. “It’s easy access to come and go.”

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