THE ANNEX

12 Loretto Lane (Bloor Street West and Bathurst Street) Asking price: $919,000 Sold for: $892,500 Taxes: $5,071 (2018) Monthly fee: $971 Bedrooms: 3 Bathrooms: 2

Time on the market: 13 days

TRENDY LANEWAY LIVING SELLS UNDER ASKING

“The condo market is stronger than it’s ever been,” says listing agent Lina Porretta. “Buyers who cannot afford freehold housing in Toronto are seeking alternative housing types, such as condos and condo townhouses. In the past, the condo townhouse market was very slow. Buyers either purchased condos or houses, but now condo townhouses are highly sought after.”

An extra special feature of 12 Loretto Lane is that its owner has access to the main condo tower’s amenities, which include a 24-hour concierge, underground parking, an on-site property manager and a fitness centre, she says. “Many townhouse complexes stand alone without a tower.”

This development is tucked between two residential streets and this townhouse offers hip-and-trendy laneway living for those who want an out-of-the-ordinary place to call home. The owners can enter the unit from Loretto Lane or from Bathurst Street.

The suite has a walkout to the terrace from the living room. The kitchen has a quartz island, a built-in wine fridge and stainless steel appliances. The master suite has a Juliette balcony and a walk-in closet.

It’s ideal for an active, urban professional, a small family, or a downsizing Annex homeowner who wants to stay in the neighbourhood, Porretta says.