A penthouse suite at 71 Simcoe Street only looks like a chic industrial loft. In actuality, the high-rise was built in the early '90s, even as it features a Victorian main lobby. The sprawling two bedroom unit in question is ultra sleek, if already slightly dated in terms of decor.

Boasting concrete walls, steel beams, and a peaked ceiling in the master bedroom, this penthouse is listed for $2,500,000. This was one of the nicest condos in Toronto when it was first built, though I suspect not everyone will love the amount of concrete on display today.

The penthouse, which spans the entire 26th floor of the building, has seen a price drop in recent months. Previously listed for $2.8 million, the owners hope to entice potential buyers with a 10 per cent decrease, two parking spots, and a prime location if you work downtown.

SPECS

• Address: #2601 - 71 Simcoe Street
• Price: $2,500,000
• Square feet: 3,500
• Bedrooms: 2
• Bathrooms: 3
• Parking: 2
• Taxes: $7,013
• Maintenance fee: $2,483.08/monthly
• Walk Score: 100
• Listing agent: David Harland, Harvey Kalles
• Listing ID: C3439641

NOTABLE FEATURES

• Concrete walls
• Multi-coloured chef's kitchen
• Bedroom with peaked roof and skylight
• Spiral shower with glass blocks
• Terrace and rooftop patio

GOOD FOR

Red carpet events. The building is situated in the heart of the Entertainment District, across the street from Roy Thompson Hall and the TIFF Lightbox. You're bound to rub elbows with celebs during festival season.

MOVE ON IF

You own a dog or cat or an IKEA monkey. Pet owners will have to find another home for Fluffy -- sadly, no feline friends are permitted.

ADDITIONAL PHOTOS

Worth the asking? Have your say in the comments.

Thanks to Bosley Real Estate Ltd, Brokerage for sponsoring our House of the Week. All content and editorial selected and written by blogTO.