Richmond and Jarvis

Published on Thursday, Jun. 17, 2010

255 Richmond St. E., No. 808, Toronto

Asking price: $499,900

Selling price: $485,500

Previous selling price: $412,750 (2007); $318,000 (December, 2004); $267,420 (October, 2004)

Taxes: $2,780 (2009)

Days on the market: 31

Listing agent: Christopher Bibby, Sutton Group-Associates Realty Inc.

In the Space Lofts, this two-bedroom corner suite makes a big statement, says agent Christopher Bibby.

Not only is the 1,000-square-foot unit the largest in the six-year-old development – which is filled with one-bedroom and one-bedroom-plus-den models – but it also has a two-storey layout that is only available on the first eight floors.

“This is the first time within the last five years that we’ve had a suite like this for sale in the building,” says Mr. Bibby. “It’s a unique offering.”

The main entertaining area best illustrates that point with 18-foot ceilings open to above, sliding glass doors to a 150-square-foot, wrap-around balcony and walls of floor-to-ceiling windows.

“The living space was spectacular,” says Mr. Bibby. “You had an unobstructed view to the north all the way up to Bloor, and on the west side you were facing the Financial District.”

To improve the look of the loft-style space, the main level was upgraded with polished concrete floors and stainless-steel kitchen appliances about five years ago. As well, the original enclosed den was opened up to create a dining area. “The unit showed very well,” adds Mr. Bibby.

On the second floor, a window was added in the private bathroom in the master suite, which also has a walk-in closet and hardwood floors like the second bedroom.

A second full bathroom and ensuite laundry machines complete the unit, which also comes with ownership of a locker and parking spot.

Hydro and heating costs are incorporated into the monthly fee of $630.

A gym, recreation room and sauna are on site. Yet residents don’t have to venture far to find entertainment and recreation at the St. Lawrence Market, the Distillery District and Eaton Centre.