This 1,413-square-foot unit is on the ground floor of a former knitting mill.Jordan Prussky Photography
676 Richmond St. W., No. 101, Toronto
Asking price: $1,295,000 (June, 2025)
Previous asking prices: $1,350,000 (May, 2025); $1,398,000 (March, 2025)
Selling price: $1,220,000 (September, 2025)
Previous selling price: $240,000 (February, 1998); $181,757 (September, 1997)
Taxes: $5,014 (2024)
Property days on market: 165
Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
The loft sold for $1.22-million after two price reductions.Jordan Prussky Photography
The action
This 1,413-square-foot loft on the ground floor of a former knitting mill near Queen and Bathurst streets, was on the market for six months last year but failed to sell. A different agent took on the contract this March, and remodelled the space so that the owner’s workplace was confined to the lower level, with the floor above refurnished as a private residence. These changes, and two trims to the asking price over several months, finally resulted in an offer.
“Our client owned a successful hair salon on Queen Street, and during COVID shutdowns, he ran the salon out of the unit,” said agent Christopher Bibby.
“People walking in can’t really envision themselves living here. We made the upstairs more of a [personal] living space.”
The physical changes to the unit were overshadowed by a swell in inventory nearby. The two price reductions pulled in more buyers, with one visitor signing a $1.22-million deal after Labour Day.
“Given market conditions, we took a very patient approach,” Mr. Bibby said.
“Towards the end of summer, a combination of our lower prices and less supply, we started to have more interested parties.”
The second bedroom is on the mezzanine, up a set of stairs from the living room and kitchen.Jordan Prussky Photography
What they got
This two-bedroom loft has its front door off a south-facing patio. A short flight of stairs leads down to a primary bedroom – or office – with a four-piece bathroom, and another set of stairs leads up to a living room with a gas fireplace.
Further back is a kitchen, a second full bathroom and stairs to a mezzanine for a second bedroom.
The unit has one parking spot. Monthly fees of $861 include water costs.
The ground-floor patio offers easy access to the unit.Jordan Prussky Photography
The agent’s take
“It’s sought after for its original aesthetic and location right at Queen and Tecumseth [Street],” Mr. Bibby said.
“It feels more like a home with two floors.
“You don’t have to go in through the building. You can walk right from Richmond Street to the patio for easy access.”