Toronto loft comes with rare 200 sq. ft. terrace

Published Friday, Apr. 08, 2011

189 QUEEN ST. E., NO. 8, TORONTO

ASKING PRICE $484,500

SELLING PRICE $480,100

PREVIOUS SELLING PRICE $399,000 (2007); $153,139 (2003)

TAXES $3,144 (2010)

DAYS ON THE MARKET 15

LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.

THE ACTION: Thirty prospective buyers requested private showings of this one-bedroom plus den suite in the Boiler Factory Lofts downtown.

WHAT THEY GOT: A red brick building that once housed a boiler factory in the late 1800s is now occupied by work/live properties like this 1,160-square-foot corner unit.

It has many elements characteristics of authentic lofts, such as an open concept plan, 12-foot ceilings, wood posts and beams, hardwood floors and exposed clay brick walls.

The living area has access to a rare 200-square-foot terrace facing north, while the dining area and den have large windows with exposures to the south.

Other essentials include a four-piece bathroom, en suite laundry facilities and stainless steel appliances, including a gas stove, plus a locker.

The monthly maintenance fee is $366.

Parking does not come with the package, but public transit, the St. Lawrence Market and Queen Street shops and restaurants are within easy walking distance.

THE AGENT’S TAKE: “The main attraction was the fact we had exterior space with a conversion because it’s mainly only the soft lofts with large amounts of exterior space,” says agent Christopher Bibby.

“And it was a small building with only 11 suites and the maintenance fees were low, which made it highly attractive.”