$509,000
For sale: Apartment

Suite 502 at The Merchandise Building Lofts is a 600 sq. ft. hard loft where 18-foot ceilings, floor-to-ceiling industrial windows and polished concrete floors give the space a sense of scale and architectural character that sets it apart from the sea of generic condos on the market. The main living space is open and airy, with a custom built-in wall unit that adds integrated storage without sacrificing valuable floor space. The proper, separate bedroom is especially unique: because the loft is on the penthouse level, it has a skylight that brings in natural light, a feature similar one-bedroom layouts elsewhere in the building don't have. The renovated bathroom features a floating vanity, walk-in glass shower and sleek stone finishes. Parking and a locker are both included. The heritage Merchandise Building also delivers an impressive amenity package with concierge, rooftop pool and terrace with BBQs, basketball court, sauna, party room and guest suites. And when you step outside, downtown is right there: walk to the Eaton Centre, Sankofa Square, Toronto Metropolitan University, St. Michael's Hospital, Massey Hall and Church- Wellesley Village, with TMU Station on Line 1 just 450m away.
Sold data
Apartment homes in Toronto (Church-Yonge Corridor) took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 53, across 2,778 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $567,400.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 2,778 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Church-Yonge Corridor) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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