Friday, October 22, 2010

Condo Sales: The Past 30 Days at Pure Spirit Lofts & Condos

As a follow-up to Janice Mackie's informative post on the Distillery District earlier this week, we thought it would be fitting to have a look at the Distillery's Pure Spirit Lofts & Condos.

Completed in Spring 2009, Pure Spirit is located in the heart of Toronto's historic Distillery District near Parliament and Front streets.  Rich in character, the Distillery provides a picture-perfect backdrop to this residential tower which is within walking distance to critically-acclaimed restaurants, shops and galleries.  Its quiet location just ouside the downtown "core" also provides quick access to public transportation and highways.

In the past 30 days, a total of three units have sold at Pure Spirit, with prices ranging from $290,000 for a 1-BR suite to $325,000 for a 1+Den unit of about 639 to 645 sq ft, respectively. Two units were also leased over the past month, from $1,065 for a Studio space to $1,350 for a 1-BR suite.

Of these units, those for sale spent from as little as 9 days to over 4 months on the market, while those for lease spent an average of 14 days on the market.

If you’re wondering how property values are holding up, a 1-BR unit that sold in June 2009 resold last month for $12,100 more than it did last summer, while a 1-BR unit that sold in September 2009 resold this past June for $20,000 more than it did last fall.

For more information on Pure Spirit, please click here.

If you’re a Realtor and would like to share similar stories, please contact us at to participate or be featured in a post.

Please note that units can vary greatly in features and finishes which would normally be considered in any purchase or sale. Any transactions outlined above are for general information purposes only and may not reflect those of typical suites. is not responsible for the accuracy of information provided or for any damages or loss resulting from the use of such information. For further information on these or other sales, please consult a real estate specialist.