A loft in the former Leslieville gum factory stands out and receives nine offers
245 Carlaw Avenue, #400, Toronto
Ask for a price: $1,088,000 (January 2022)
Sale price: $1,428,000 (February 2022)
Previous sale prices: $539,900 (March 2014); $428,000 (December 2009); $347,000 (June 2007); $329,000 (October 2005); $279,900 (November 2003); $113,322 (October 1998)
Taxes: $3,340 (2021)
Days on the market: Six
Listing agents: Ken and Jaime Ramsay, Harvey Kalles Real Estate Ltd
The owners of this 1,166 square foot loft have organized everything from family dinners and business affairs to concerts and film crews. About 65 potential buyers visited the space and nine made purchase offers. The highest bid came in at $1.428 million, or $340,000 more than the list price.
“We weren’t expecting it to go this high,” agent Ken Ramsay said, “but obviously we were pricing it a little below market value.
“I’ve sold several other lofts in the building,” Mr Ramsey said. “They are all different, but this one is bigger and feels very big when you walk in.”
what they have
This over 100 year old building was once the Wrigley chewing gum factory. It’s now filled with over 80 lofts, like this one-bedroom corner unit. It has 13½ foot ceilings, exposed brick walls and concrete flooring.
A sleeping area is located at the rear of the loft, while dining and entertainment areas are arranged along the multi-paned windows.
The U-shaped bathroom and kitchen have been recently renovated.
The loft comes with a storage locker and surface parking. The monthly fee is $698 and covers heat and water.
“I was told it has the oldest steel windows in a residential building currently in Toronto,” Ramsay said.
“And you have 13½ foot ceilings and really cool fluted columns.”
The original details have also been retained in the common areas. “The other cool thing about the building is that it has a few lifts that people can use,” Mr Ramsay said.
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