One of my listings was featured as the home of the week in this past Friday’s Globe and Mail.
Click here to view the article. I have posted the content from the article below:
A Corktown loft with niche appeal
Outside trendy Leslieville, industrial conversion space has authenticity working for it
426 Queen St. East, Suite 201, Toronto
What: Approximately 1,200 square feet of “hard” loft living space in the Knitting Mill Lofts located in east-end Toronto’s Corktown neighbourhood.
Asking price: $399,900
Taxes: $2,795.13 (2009)
Agent: ReMax West Realty Inc. (Nick Pavlov and Ricky Chetan Chadha)
Denizens of the Knitting Mill Lofts near Queen and Parliament tend to be people who appreciate much liveliness and diversity in their neighbourhood, says real estate agent Ricky Chetan Chadha of ReMax West Realty Inc.
“It’s not quite Leslieville yet,” he says of Corktown, which is not as gentrified as the neighbourhood farther east. “There is still a little bit of seediness but this is real Toronto.”
Mr. Chadha says people like the area for the restaurants on King Street and the easy streetcar ride to downtown. High-salaried employees who work in the financial district, film production companies and visitors to the Good Shepherd Centre shelter for the homeless all co-exist on Queen East, he says.
“You’ll find professionals, you will find artsy types and you’ll find people just hanging around drinking.”
The south-facing suite offers an L-shaped floorplan with a large space combining living room, dining room, home office and kitchen. Only the bathroom is self-contained, while the area designated for sleeping is partly hidden around one of the corners. The ensuite laundry facilities are hidden behind a velvet curtain.
This industrial building was converted into about 28 units 12 years ago, says Mr. Chadha. Suite 201 is relatively large compared with others in the building and many being built today, he says. Many features, such as the red brick walls and weighty structural beams are remnants from the original warehouse. The loft also offers exposed duct work, high ceilings and exceptionally tall windows, the agent points out.
Throughout suite 201, the owner, who is a surgeon working at a downtown hospital, added elements that suit the building’s brownfield past.
“My clients really took a few years to get it to their style,” says Mr. Chadha. He points, for example, to a rustic cabinet with scarred wooden top that serves as a bar and added storage space in the kitchen.
The homeowners partly screen the bedroom from the living space with a tarnished piece of iron gate. They also sought out industrial light fixtures and painted a portion of the wall above the kitchen with blackboard paint so that they can express their poetic and artistic leanings in chalk.
Mr. Chadha says the space is well-suited to combining leisure with working, which some of the building’s residents currently do. The suite comes with parking but amenities are few: “A freight lift and that’s about it,” says Mr. Chadha.
He adds that such hard lofts appeal to a niche market of buyers, but for those who crave the authenticity of a true industrial conversion, the swimming pools and party rooms common in high-rise condo buildings hold no appeal.
But with only a small pocket of such lofts in the city, when a suite becomes available, potential buyers stream in and the unit tends to sell very quickly, he says.