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Scarboro Beach Lofts - 35-37 Scarboro Beach Boulevard
This 3-1/2 storey, restored brick home in the Beaches is split into four lofts, with each resident owning a quarter of the title to the entire property. Under this co-ownership arrangement, residents can simply sell their unit, or quarter share of the property. Approval from other owners is required, as in a co-operative arrangement. As far as I know, this is the only co-ownership loft in all of Toronto.
Units range up to 1,837 square feet and are only about 100 feet from the boardwalk along the lake. These lofts are either a single level on the ground floor or multi-level on the top two floors. The upper units have up to eight skylights in a cathedral ceiling that runs the length of the main living space, which includes the kitchen, and the living and dining areas.
Most have been almost entirely gutted and renovated, but some of the original stained-glass windows remain. Upper level lofts have suspended staircases leading from the living area to an upper loft that can be used as an office or family room. Some have gas fireplaces and all have outdoor space. There also is access to 450 square feet of basement space for storage or a workshop. A monthly maintenance fee of $500 covers heat, water and parking costs, as well as property taxes.
The last one sold in the summer of 2006 for $455,000.
Email or phone 416-388-1960 today if this loft interests you.
Scarboro Beach Lofts - 35-37 Scarboro Beach Boulevard