It's rare that a loft will combine uniqueness and affordability, but this 1-bedroom, 1-bathroom offers both. Listed at $589,000, this penthouse at King and Jarvis is located in a boutique building and is the only unit with a private rooftop terrace to enjoy.

Loft features are in abundance, with polished concrete floors and perfectly placed skylight windows in the master bedroom. Open ductwork and exposed brick highlight the space, but the windows may just be the selling point. The unique, oversized circular window overlooking the dining room offers a great design element that isn't seen in any other units in the building.

With the square footage sitting at just over 1,000, it's refreshing to see the space configured to seem as spacious as possible. Another small room could have been fit in here, but that would compromise the open feel of the place.

SPECS

• Address: 180 Frederick Street, #407
• Price: $589,000
• Square Feet: 1,050 Square Feet
• Bedrooms: 1
• Bathrooms: 1
• Parking: Available for rent
• Taxes: $3,102.76
• Maintenance Fee: $873
• Walk Score: 99
• Listing agent: Andrew Dunn
• Listing ID: C3633474

NOTABLE FEATURES

• 222 square foot private terrace
• Polished concrete floors
• Unique, large windows
• 100 square foot + storage locker
• 11.5 foot ceilings

GOOD FOR

A young professional looking to enter the loft market and ditch the car. The boutique sized building, located within walking distance to pretty much everything, is a great starter loft for someone to see if they can hack all the openness. And better yet, it's around the corner from the St. Lawrence Market.

MOVE ON IF

You're still holding out for that one house in Toronto that may sell under $600K. With high maintenance fees and no parking, a house may still be the more desirable route.

ADDITIONAL PHOTOS

Is this loft worth the asking price? Let us know 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.