Staging and a cheaper price assist promote church conversion loft

Ali Topan
Staging and a cheaper price assist promote church conversion loft

Sotheby’s Worldwide Realty Canada

384 Sunnyside Ave., No. 307, Toronto

Asking worth: $995,000 (October, 2022)

Promoting worth: $1,028,000 (October, 2022)

Earlier promoting costs: $899,000 (April, 2019); $448,404 (January, 2009)

Taxes: $5,257 (2022)

Days available on the market: Three

Itemizing brokers: Christian Vermast and Paul Maranger, Sotheby’s Worldwide Realty Canada

The motion

The principal room has sliding doorways to a terrace.Sotheby’s Worldwide Realty Canada

This 1½-storey loft within the rafters of a church conversion challenge close to Excessive Park didn’t get any presents when two brokers had it listed at costs starting from $1.5-million to $1.1-million over three months this summer season. The vendor then sought out a brand new set of brokers.

“We re-strategized and staged for an inventive, youthful purchaser,” stated agent Paul Maranger. “The area is a little more masculine than female, and its format is a bit quirky, so you possibly can’t put typical furnishings in there.

“It wanted a combination of textures, like leather-based and wool, to make it heat and homey.”

The makeover, mixed with a brand new asking worth underneath $1-million, rapidly resulted in two bids over the following three days.

“A number of patrons who got here via wished to purchase all of the furnishings,” Mr. Maranger stated.

“We had a complete of 17 showings, and 6 [additional requests for showings] after we bought it, so we needed to cancel them.”

What they acquired

The principle lavatory and kitchen have been lately revamped and up to date hardwood flooring was laid in areas just like the den and second bed room.Sotheby’s Worldwide Realty Canada

The Abbey Lofts challenge was accomplished about 10 years in the past with two dozen models, together with this 1,223 sq. foot area with unique brick partitions and vaulted wooden ceilings with uncovered roof joists.

The principal room has sliding doorways to a terrace. Stairs result in an higher bed room with skylights, a walk-in closet and personal lavatory.

The principle lavatory and kitchen have been lately revamped and up to date hardwood flooring was laid in areas just like the den and second bed room.

The unit features a storage locker, bike lockup and parking. Month-to-month charges of $1,009 cowl water.

The agent’s take

The Abbey Lofts challenge was accomplished about 10 years in the past with two dozen models.Sotheby’s Worldwide Realty Canada

“Most church buildings are usually on busy streets and arteries, however this was on a brilliant quiet road and two blocks from Excessive Park, so it was unbelievable,” Mr. Maranger stated.

“Lofts typically don’t have out of doors area by the character of what they’re – most are in former factories – so this [terrace] was lower out of the roofline.”

Stairs result in an higher bed room with skylights, a walk-in closet and personal lavatory.Sotheby’s Worldwide Realty Canada

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