Harvey Kalles Real Estate Ltd.
121 Prescott Ave., No. 13, Toronto
Asking price: $549,900 (February, 2024)
Selling price: $521,000 (March, 2024)
Previous selling prices: $480,000 (July, 2020); $414,000 (December, 2017); $232,000 (July, 2010); $144,900 (June, 2005); $125,000 (July, 2004); $110,000 (November, 2000); $60,289 (July, 1998)
Taxes: $1,632 (2023)
Days on the market: 22
Listing agent: Ira Jelinek, Harvey Kalles Real Estate Ltd.
The action
This 533-square-foot loft has 11-foot ceilings, red brick walls and hardwood flooring throughout the open living room, dining room and kitchen.Harvey Kalles Real Estate Ltd.
A lack of recent sales in this converted warehouse near Earlscourt Park made it difficult to arrive at a reasonable asking price for this one-bedroom loft. Agent Ira Jelinek said he relied on condominium suite sales outside the community as a makeshift guide and set the price at $549,900. Ultimately, the seller took $28,900 less than that from one of 10 ten visitors who toured the space.
“Nothing had been listed in that building for a of couple years,” said Mr. Jelinek.
“It’s very affordable for having one bedroom and a parking space and being in a loft building with low maintenance fees.”
What they got
A south-facing window brings sunlight into the bedroom, which can be enclosed with sliding barn doors.Harvey Kalles Real Estate Ltd.
This three-storey structure was built as a tannery in 1910, then refurbished with 27 residential lofts in the late 1990s.
This 533-square-foot loft has 11-foot ceilings, red brick walls and hardwood flooring throughout the open living room, dining room and kitchen. A south-facing window brings sunlight into the bedroom, which can be enclosed with sliding barn doors. There is a four-piece bathroom.
The unit comes with a storage locker and surface parking spot. Monthly fees of $360 cover utilities.
The agent’s take
The unit comes with a storage locker and surface parking spot.Harvey Kalles Real Estate Ltd.
“The location it’s in doesn’t have any condos in the area, which is close to The Junction/St. Clair West,” said Mr. Jelinek. “It was in a one-off location.
“It’s a real, hard loft, not like a newly built one, so the space was unique. It has exposed brick and exposed wood ceilings,” Mr. Jelinek said.
“There is no policy with regards to short-term rentals, so the new owners could use it as an Airbnb.”