Condo of the week: 383 Adelaide Street
A penthouse suite in the former Gillette Razor factory is on the real estate radar for $825,000. This one-bedroom at 383 Adelaide Street near Parliament offers an authentic brick and beam living space, grey concrete floors and a scenic view of the east side.
The vintage warehouse was re-imagined by Core Architects, a Toronto-based firm with a penchant for high profile projects in the heart of the city. The Liberty Lofts (not to be mistaken with Liberty Village), was converted into a four-storey complex with 46 units surrounding the original courtyard atrium in the main lobby.
The building is made up of predominantly one bedrooms and only a handful of two-bedrooms. The main space features an open layout, high ceilings and walls of exposed brick. The chandeliers hang above the wood beams and a living room fireplace warms up the otherwise industrial style.
With an abundance of trendy loft conversions in Toronto and high demand for rentals and condo ownership, this east sider has competition but also more space than a newer penthouse at 1,300 square feet. There's a bonus walk-in closest and a private balcony off the bedroom.
SPECS
- Address: #Ph12 - 383 Adelaide Street East
- Price: $825,000
- Square feet: 1,300
- Bedrooms: 1
- Bathrooms: 2
- Parking: 1
- Taxes: $4,000
- Maintenance fee: $940/monthly
- Walk Score: 99
- Listing Agent: Janet Lo, Royal LePage
NOTABLE FEATURES
- Two level loft
- Brick and beam
- Fireplace
- Concrete floors
- Large walk-in closest
- 342 sq. ft. patio
GOOD FOR
Parking. While most condos and lofts include parking these days, this building is a rarity for underground parking. There are 10 spots for the entire building, and parking is only available for owners of the two-level penthouse suites.
MOVE ON IF
You need more than one bedroom. At $825K, one might expect at least one more bedroom or a den for the asking price. The space is not ideal for young families who need additional rooms, and is instead geared towards a single or couple who can afford a small house but choose condo living instead.
Thanks to Point2Homes for sponsoring this post.
