A Toronto basement condo located inside of a converted Leslieville church just hit the market with a surprisingly high price tag for an underground unit.
The two-bedroom, two-bathroom condo at 175 Jones Avenue has a listing price of $1,099,990. The building, now designated as a heritage property, used to be known as St. Clement’s Anglican Church. It was built in 1913, closed down in 2006, and converted into condos in 2019.
Although $1.1 million may seem unreasonably high for a basement unit, Zoocasa agent Anthony Tomasone says that it will likely pique the interest of someone who wants to live in the area but can’t afford the price of a high rise condo.
“Being a Church conversion loft, this building would be perfect for someone looking for a high rise condo alternative,” Tomasone said.
“Generally speaking, prices for freehold properties in the east end of Toronto have jumped dramatically over the past 2 months and this property would be most likely scooped up by someone who is priced out of those properties and eager to live in this part of the city.”
The interior of the 1,250 sq ft condo is so nice you could almost forget it’s in a basement. The reclaimed brick wall — which features sizeable windows for a basement — definitely adds some charm.
The kitchen in this unit has features that you can’t find in many Toronto condos, including a family-sized fridge, dishwasher, marble backsplash, and a gas range stovetop.
The master bedroom of this Toronto basement condo, which is fairly spacious on its own, has a massive walk in closet attached to it that can easily fit your entire wardrobe.
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And as many Torontonians continue to work from home, the second bedroom can easily be used as an office space.
One big upside to owning a unit in this building, Tomasone says, is that the maintenance fees are “pretty low in comparison to units the same size in other buildings.” He also notes that a unit coming up for sale in this heritage property is a fairly rare opportunity.
“Since there are only 14 units total in the building, they do not pop up often,” Tomasone said. “However, since it is a basement apartment it really is not for everyone and as such, a buyer should keep this in mind as it will be relevant if they ever want to sell.”
So if you’re looking to snag a more affordable unit in Leslieville and don’t mind having fewer windows, this could be just the spot for you.