DISTRICT LOFTS / SPADINA + RICHMOND
SOUTH FACING PENTHOUSE
Address: 388 Richmond Street West
Total number of units: 146
Types of units: All suites are two levels, have a terrace or balcony and at least 10-foot high ceilings.
Unit sizes (in square feet): 612 to 2,450
Amenities/Building Features: Concierge, party room, bbqs, outdoor patio, paid parking
How to be assured the buyer gets the property before being able to see it?
Reaching substantial completion in 2001, this striking 14 storey, 128 unit development at Richmond and Spadina was designed by Architect's Alliance and developed by Context Development.
My client purchased his rare south facing penthouse property conditionally, sight unseen, then flew into town before conditions were waived. The strategy was a simple one: be the first to seal a deal before anyone else can get their paper together and before the agents could be assured of much more interest. This way, my client purchased the property they wanted for well under ask price.
In the buyer's words:
"Would you let me know where to go so I can start screaming from the rafters about your integrity and professionalism!!"
A little more information on the building itself:
The District Lofts represents a higher density development than was provided by the previous generation of warehouse and factory buildings, without compromising access to light and air. The building section reveals how the two tower elements enhance daylighting and natural ventilation opportunities.