This former school turned stunning loft is for sale in Toronto for under $680k

Looking for a new place to call home in the city? This historic building in one of Toronto’s most eccentric neighbourhoods has a hard loft for sale that you might just fall in love with.

This suite is located in the Kensington Market Lofts and was once part of a schoolhouse way back in the 1920s, according to Strata.ca.

The property’s historic charm has been preserved through an exposed brick accent wall, but otherwise has been completely transformed into a modern two-floor home with soaring 16-foot ceilings and sleek finishes.

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Large south-facing windows provide plenty of natural light and the unit itself has over 600 square feet of living space.

“There’s few things I love more in real estate than a mezzanine loft, I know when I purchase myself, that’s exactly what I’ll be buying,” said Strata realtor Jenelle Tremblett to Curiocity.

“It has the cool appeal that Toronto people are looking for especially when living alone.”

The kitchen is equipped with new appliances and a breakfast bar that can easily double as a workspace.

Upstairs, the bedroom is outfitted with custom California closets with ample space for your whole wardrobe and then some, plus a laundry area.

And the location could not be more ideal, situated right at the heart of Kensington Market and a short distance away from U of T, Queen St West, Chinatown, and the trendy shops and restaurants along College and Dundas.

The price of the loft has actually been reduced by $9,000 since it went on the market. Right now, the price sits at $679,000, plus $528 per month for maintenance fees.

“This unit in particular recently had a small price drop, which we’re seeing across the board in the market as the market softens a little. Buyers are in a much better negotiation position when buying right now,” said Tremblett.

“This could be a great option for first-time home buyers wanting to stay under that $700K budget.”

Given the condition, size, and location of this place, we’d call that a steal by Toronto’s standards.