The buyers of this two-level, 1,860-square-foot penthouse loved the look so much that they also negotiated to acquire almost all of the furnishings.Re/Max Hallmark Bibby Group Realty
138 Princess St., Ph 1210, Toronto
Asking price: $1,995,000 (April, 2025)
Selling price: $1,850,000 (June, 2025)
Previous selling prices: $1,550,000 (October, 2016); $975,000 (November, 2010)
Taxes: $8,832 (2024)
Days on the market: 56
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
The 15-year-old penthouse was originally designed by architectsAlliance.Re/Max Hallmark Bibby Group Realty
The action
This 1,860-square-foot penthouse at East Lofts, roughly situated between the Distillery District and St. Lawrence Market, was full of surprises, including two parking spots, a two-storey plan and two outdoor spaces.
“The last time one of these top floor, two-level units came up was in 2021, so it’s a very rare opportunity,” said agent Christopher Bibby.
“If we listed it at the price we wanted, we were never going to achieve it,” said Mr. Bibby. “Everyone is trying to negotiate.”
The sellers agreed to a deal at $145,000 below asking and included the furnishings.
“Despite the challenges in the marketplace, we are quite proud this was the highest sale ever recorded in the building,” Mr. Bibby said.
“The buyers loved the unit, the decor and furniture, so 90 to 95 per cent of the contents ended up getting negotiated into the deal.”
The primary bedroom and a den are on the main floor. The staircase leads upstairs to another bedroom, open principal rooms and a kitchen.Re/Max Hallmark Bibby Group Realty
What they got
This 15-year-old penthouse was originally designed by architectsAlliance with a loftlike design, with concrete ceilings, exposed ductwork, hardwood flooring and floor-to-ceiling windows.
The primary bedroom and a den are on the main floor, along with two of the unit’s three bathrooms.
A floating staircase leads upstairs to another bedroom, open principal rooms and a remodelled kitchen.
The unit comes with a storage locker. Monthly fees are $1,712.
The principal bedroom.Re/Max Hallmark Bibby Group Realty
The agent’s take
“The inverted floor plan makes so much sense because we spend so much time in the living, dining and kitchen, so you almost want the better views in those areas,” Mr. Bibby said.
“There were also quite a few updates done to the unit outside the builder [finishes], like the kitchen was updated with a built-in television and commercial-grade refrigerator.”