Michael Peart Photography
50 Bartlett Ave., Th. 11, Toronto
Asking price: $1,695,000 (February, 2024)
Previous asking prices: $1,695,000 (November, 2023); $1,795,000 (October, 2023); $1,795,000 (August, 2023); $1,895,000 (June, 2023)
Selling price: $1,592,000 (March, 2024)
Previous selling prices: $1,590,000 (May, 2019); $833,928 (March, 2018)
Taxes: $5,617 (2023)
Property days on market: 279
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
The action
The living room has an 18-foot ceiling and plenty of natural light from large windows.Michael Peart Photography
This three-storey loft in a former yarn factory on a laneway near Bloor and Dufferin streets was listed in June last year with an asking price of $1,895,000 in the belief that it could do better than the last loft that sold in the building, which traded for $1.59-million in 2022. But visitors were sparse in the summer doldrums and then disappeared altogether, despite two price cuts of $100,000 each over the following months.
“When we went on [the market], a couple of interest rates hikes had just happened, so that took a lot out of the momentum out of the process,” said agent Christopher Bibby.
“We adjusted to … show the market there was some wiggle room on the price. And the fall market was still very slow for everyone.”
In February, the loft was relisted at $1.695-million and managed to attract an offer, though, at $1.592-million, less than they had hoped for. Nonetheless, the seller accepted. “Things are starting to pick up, especially for very unique properties like this,” Mr. Bibby said.
“It has very raw construction components with the concrete and exposed, steel beams.”
What they got
The concrete flooring is heated in the kitchen and dining area.Michael Peart Photography
In 2016, this brick warehouse tucked behind traditional houses was converted into 13 townhouse-style lofts. This 1,700-square-foot model has a rooftop terrace.
The concrete flooring is heated in the kitchen and dining area, and the living room, with 18-foot ceiling, has plenty of natural light from large windows. The space is overlooked through a wall of glass in the primary bedroom on the second floor.
The third level has another bedroom, a den and one of the home’s three bathrooms.
Water is included in monthly fees of $1,128. Tandem parking spots are in a garage with a stacking system.
The agent’s take
The kitchen, dining area and living room are overlooked through a wall of glass in the primary bedroom on the second floor.Michael Peart Photography
“This is more like a luxury condominium or a higher-end product, and a very large, unique space,” said Mr. Bibby.
“And the third-floor terrace was a great oasis for people to enjoy barbecuing in privacy.”