Condo of the week: 380 Macpherson Avenue
The penthouse suite at 380 Macpherson Avenue is an urban loft listed for just under $1 million. A former Toronto Hydro storage facility, the Madison Avenue Lofts at the foot of Casa Loma was redeveloped in 2009 to a revamped art-deco inspired building with six-storeys and a phenomenal rooftop patio.
A previous industrial area, this stretch between Spadina and Davenport has been revitalized with modern residential buildings including the construction of a second townhouse/loft complex next door and the railway tracks across the street. With the high prices of home buying these days, millennials are opting for the trendy loft lifestyle instead of purchasing a small fixer-upper.
This suite on the top floor features two bedrooms, three bathrooms, a solarium and terrace. The space at 1,357 square feet is ideal for a couple or young family, plus the well-used rooftop deck features an instagrammable view of Toronto's favourite Gothic-style castle.
SPECS
- Address: #Ph612 - 380 Macpherson Avenue
- Price: $999,000
- Square feet: 1,357
- Bedrooms: 2+1
- Bathrooms: 3
- Parking: 1
- Taxes: $4,496
- Maintenance fee: $815.85/monthly
- Walk Score: 95
NOTABLE FEATURES
- 12 foot ceilings
- Floor-to-ceiling windows
- Solarium and outdoor patio
- Fitness studio and locker
- Large shared rooftop
GOOD FOR
Archivists and Toronto history buffs. Right around the corner is the City of Toronto Archives on Spadina Road, featuring an extensive collection of over one million historical photographs, maps and news clippings. If you want to see T.O.'s history in real life, there's also a castle up the hill.
MOVE ON IF
You don't want to hear the trains. The area is still a bit isolated with restaurants and retail still a few blocks away, and the railway tracks across the street can be noisy for south-facing units (which this one is). It's a cold trek to Bloor Street especially in the winter.
ADDITIONAL PHOTOS
Thanks to FindLaw Canada for sponsoring this post.
