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Condo of the Week: 301 Markham Street

Posted by Leslie Bank / January 9, 2014

301 Markham Street TorontoThis two-storey penthouse loft boasts a lot of living space, plenty of natural light and a prime Little Italy location. The Ideal Condo Building (that's it's name, just to be clear) at 301 Markham Street is comprised of 68 soft lofts that benefit from high ceilings and relatively low maintenance fees. This penthouse at #804 is definitely more condo-like than a true loft--the only industrial feature here is a metal and glass stair rail--but what it lacks in grit, it makes up for in size.

The corner unit has more than 1,300 square feet of floor space, including two bedrooms, three bathrooms and a long and skinny outdoor terrace. The floor-to-ceiling windows on each floor let in huge amounts of light, but since this is a mid-rise building the view isn't exactly expansive (hello, neighbouring parking lot). Although #804 is more plain and predictable than some of the other apartments in the building, its overall design is consistent, warm and livable.

It's hard to find much fault with the Little Italy location. The building is just one street west of the hub of College and Bathurst, and all neighbourhood amenities from bars to libraries are within walking distance. There's even a Shoppers Drug Mart right downstairs, so get ready for some major Optimum points.

301 Markham StreetSPECS

  • Address: 804-301 Markham Street
  • Price: $799,900
  • Sq-Ft: 1200-1399
  • Bedrooms: 2
  • Bathrooms: 3
  • Parking: 1 underground space
  • Taxes: $5,445 (2013)
  • Maintenance fees: $907 monthly
  • Walk Score: 97

301 Markham StreetNOTABLE FEATURES

  • Building is less than 10 years old
  • Outdoor terrace with BBQ included
  • New hardwood floors
  • Tall windows with custom blinds
  • Storage locker in building

301 Markham StreetGOOD FOR

A buyer seeking highfalutin, modern style in a popular and established neighbourhood--but without the typical penthouse price tag. Another penthouse in this building (slightly larger, and somewhat fancier) was recently listed for $1.1 million, so, bidding war or not, this price seems like a bargain. Night owls and homebodies alike should be pleased by the space: the size and layout of this unit is conducive to both entertaining and quiet nights in.

301 Markham StreetMOVE ON IF

Keep the search going if you're after a penthouse with a stellar view of downtown. Most of these massive windows are north-facing, meaning you'll get diffused light and residential views rather than bright sun and skyscrapers. The terrace also looks down onto College Street, which can be fun on a summer evening but less-than-ideal when a streetcar loudly scrapes past at 4am.

ADDITIONAL PHOTOS

301 Markham Street301 Markham Street301 Markham Street301 Markham StreetRead other posts in this series via our Toronto Condos and Lofts Pinterest board.

Discussion

22 Comments

kioch / January 9, 2014 at 09:50 am
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There isn't a tv in this place. All their couches just point towards each other.
vivi / January 9, 2014 at 10:17 am
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Yeah, that means they talk to each other ;-) instead of brain damaging their selves.
Jules / January 9, 2014 at 10:18 am
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Taxes on this place will be going up for 2014.

Duelling mayors Norm Kelly, Rob Ford dispute size of Toronto tax hike

http://www.thestar.com/news/city_hall/2014/01/08/duelling_mayors_norm_kelly_rob_ford_dispute_size_of_toronto_tax_hike.html
Liberty Villain replying to a comment from kioch / January 9, 2014 at 10:19 am
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Take a better look.
SousedBergin / January 9, 2014 at 11:24 am
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$907 monthly fees? Property taxes are $453 a month so that's $1360 a month before your mortgage. Property taxes are going up as well as interest rates. What's not going up are wages. Median family income in Toronto is $70,000 so good luck with this investment.
z / January 9, 2014 at 11:45 am
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this is a thing that I want
readandfeed / January 9, 2014 at 11:49 am
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You call $907 relatively low maintenance fees? I pay less than that for a larger downtown unit (and my taxes are lower too).
Carlos Pacheco / January 9, 2014 at 11:59 am
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amazing condo but that price is #Torontarded!
missedthebus / January 9, 2014 at 12:06 pm
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I am going to buy this when I win the lottery. It's the reason I buy the tickets.
Jay / January 9, 2014 at 12:12 pm
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The maintenance fees aren't "low" but keep in mind that they include heat and water. Can you honestly tell me that a 1300 square foot semi-detached 100 year old house downtown is going to cost LESS than $8000/year to maintain? Live here and you don't have to worry about the roof, the windows, the furnace, the plumbing, the foundation, floods, etc etc etc. No grass to cut, not snow to shovel. Yes please.
Bobo / January 9, 2014 at 12:37 pm
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It's quire nice, but that living room is a mess of angles, pillars, duct work, stairs. Everywhere you look, there's something jutting out of the wall. Maybe it's partly due to the lens, but the photo of the living room makes me feel like I'm lost in an Escher drawing.
Bobo / January 9, 2014 at 12:37 pm
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*quite
Laka Dukus replying to a comment from Jay / January 9, 2014 at 12:45 pm
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Jay, you sir are a lazy bastard. Do you wipe your own ass?
christopher hayes / January 9, 2014 at 02:05 pm
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Looks like no one has ever lived in this unit.
TVobserver replying to a comment from kioch / January 9, 2014 at 02:23 pm
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There IS a TV in the place - it's clearly visible in the 3rd shot!
goodeye / January 9, 2014 at 02:40 pm
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i found a tv! .. but thats always the reaction i get when people come into my home
Jon / January 9, 2014 at 03:20 pm
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I live right on College, and the streetcar noise isn't bad at all. It's all about good windows!
DL / January 9, 2014 at 07:12 pm
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I guess we'll be living the "highfalutin" life as we just bought this place. Weird seeing this posted here and people commenting on it.
LPSP / January 10, 2014 at 12:13 am
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Can someone explain why taxes for this place are $5,445, but a home worth over $2 million are only $4000?

http://www.blogto.com/city/2013/12/house_of_the_week_66_st_germain_avenue/
Sloane / January 10, 2014 at 08:00 pm
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streetcars are for poors
taal replying to a comment from LPSP / January 10, 2014 at 11:30 pm
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Taxes for that house are clearly wrong / way too low ! The taxes for this unit are 0.68% a year, which is roughly the rate in Toronto (which is the lowest in the GTA mind you ..)
Graham Connaughton / January 15, 2014 at 06:12 pm
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Congrats DL on a great purchase! Terrific suite, I'm very pleased to have represented the owner on a well designed Architects Alliance, Context built building. Enjoy the neighbourhood and your new "Hifalutin" space!

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