Buyer adds $15,100 to asking price to close on art deco loft

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Buyer adds $15,100 to asking price to close on art deco loft
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Tip Top Lofts unit has 14-foot ceilings, exposed ductwork and multi-pane windows

Done Deal, 637 Lake Shore Blvd. W., No. 221, TorontoLast fall, agent Christopher Bibby advised his client to delay the listing of this roughly 600-square-foot unit at Tip Top Lofts until market conditions in the area near the CNE grounds had improved. This spring he judged the time was ripe, and the one-bedroom unit was posted for sale priced at $699,900.

“The last time a one-bedroom unit in the 500- to 600-square-foot range came up was in January, which was a very different market, so our timing was great and that was reflected in the fact … there were two offers and it ended up going a couple per cent over asking.”

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