Sold: King West Loft With Spiral Staircase Sells for $24k Under Asking

781 King Street West/Zolo

Toronto: a city known for its million-dollar listings. So finding a stunning gem for less than that is a major score — especially when it’s a two-floor loft on King West.

Enter: unit 206 at 781 King Street West, which, while listed for $649,900, just sold for $24,000 lower-than-asking at $625,000.

Housed in the Gotham Lofts, a 20th-century conversion style space, the building stands at just six-storeys and maintains a vintage vibe from the brass-railing lobby to the hardwood and exposed brick interior.

Units in the complex boasts high ceilings, exposed brick, and big windows, all in a historical building close to Niagara Street. It’s steps to the Entertainment District, is a short drive or bike to the waterfront, and is a stones throw from some of the city’s most popular restaurants.

Inside the nearly 700-square-foot space, you’ll find all the characteristics shared by lofts of the era across the city. Think exposed brick walls, polished floors, and large windows.

READ: Sold: Renovated Editorial-Worthy Summerhill Suite Goes for Under Asking

The white and gray palette, steel staircase and railings, and exposed ductwork add a modern, industrial aesthetic to the loft, while the brick wall and white cabinets bring touches of warmth to what’s promoted as an “authentic hard loft.”

The one-bedroom and one-bathroom make it suitable for singles or couples looking to make the move to downtown living.

This listing is a bit smaller than some others at 699 square feet, but still has a steel spiral staircase leading to the cozy upper bedroom. It also has newer finishes and stainless steel appliances in the kitchen and an open living space. The loft also comes with a storage locker and garage parking.

The huge west-facing windows on both levels let in an abundance of natural daylight, which helps to open up the smaller space.

According to the listing page, lofts rarely go up for sale in the Gotham building, with just four hitting the market in the past three years. Currently, properties in the Niagara-area are listed for an average asking price of $801,464, making this listing a steal.

Specs:

  • Bedrooms: 1
  • Bathrooms: 1
  • Size:  600-699 sqft
  • Price: $625,000
  • Taxes: $2,183 / year
  • Maintenance Fees: $500 / month

KITCHEN

LIVING ROOM

BEDROOM