Two-storey loft stands above the crowd with outdoor space
Thursday, Jun. 11, 2015
110 Hepbourne St. No. 103, Toronto
ASKING PRICE $1,250,000
SELLING PRICE $1,225,000
PREVIOUS SELLING PRICEs $729,000 (2006); $484,000 (1999); $441,000 (1998); $386,000 (1992)
TAXES $6,496 (2014)
DAYS ON THE MARKET 15
LISTING AGENT Christopher Bibby, Sutton Group-Associates Realty Inc.
The Action: This authentic hard loft couldn’t secure a sale three winters ago, so it was relisted with another agent – Christopher Bibby – who suggested they hold off on promotions until the spring to showcase its south-facing patio. The strategy paid off with a reasonable offer in a couple weeks.
What They Got: The latest incarnation of a former church and Toronto Maple Leafs training facility is a self-managed condominium complex with 18 lofts, including this corner model with 1,800 square feet on the main floor and 450 square feet in the basement, which has access to two-car parking.
Fourteen-foot ceilings, arched windows and transoms add drama to various rooms, such as a fireside living room next to an elevated kitchen, a dining area with a Juliet balcony and a sunken, fireside family room with an exit to the 180-square-foot patio.
There are two bedrooms, including a master with a walk-in closet and five-piece ensuite, which is the largest of three bathrooms, plus a third bedroom and sauna at the bottom of a spiral staircase behind a curved glass wall.
The unit also comes with stainless steel appliances, including a gas stove, laundry machines and two lockers, plus monthly fees of $567 that includes water.
The Agent’s Take: “It did really feel like a freehold property because it was in a residential area and off a quiet street,” says Mr. Bibby, who notes many conversions off major roads.
“[And] it’s not a generic space, there’s nothing like it in the building.”
For instance, this two-storey loft’s grand size and separation of spaces were among many unique attributes.
“It’s very rare to have exterior space in a conversion, so it opened the doors to a lot of buyers,” Mr. Bibby says.
“[Plus] I’ve sold quite a few lofts over $1-milllion and none of them had two parking spots. So for people looking for a freehold option, having the two spots and all the storage certainly made this an interesting option.”
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