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$979,000
Available - For Sale
Listing ID: C12054232
WELCOME TO THE ROYCROFT! In the last years of the Art Deco period, prominent Architect John Edward Hoare designed The Roycroft (1939). A New York style co-ownership Art Deco building at Eglinton & Old Forest Hill Rd. The minute you step into the lobby you know this isn't just any building. The elevator requires you to "open the door when the light comes on". This Art Deco treasured Penthouse is a corner suite (only 4 per flr) nearly 1200 SF interior living space with an expansive open concept living & dining area, oversized windows & walk-out to a splendid 653 SF terrace overlooking a canopy of Forest Hill homes, parks and our City's skyline, it's breathtaking! The separate kitchen is tucked to one side with lots of natural light thx to the skylight & a swinging door to the dining area. A true example of the times, afterall, one couldn't be seen prepping food when hosting an intimate party. Think Nick & Nora Charles' apartment in the Thin Man Movies, the true testament to Art Deco of the 20s & 30s! The oversized primary bdrm boasts a large window w/beautiful north view and a walk/in closet. The 2nd bdrm is also a good size with wall-to-wall closets and a window. This room was used as dual purpose home office/bdrm and includes built-in bookshelves. The Roycroft is a short walk to the shops, services & restos of "theeglintonway.com". The soon to be Chaplin subway station is a 5 min walk & there's a bus right at the front door. Financing is more readily available for co-ownerships than co-ops see attached reference material. The monthly maintenance fees cover all utilities including cable/internet and property taxes. This suite comes with parking & locker. These large PH suites rarely come on the market and the buyer for this incredible part of history may want to renovate it while maintaining the integrity of its art deco charm or go with a custom decor. A similar sized PH was totally renovated and sold in its sister building The Crofton for just under $2.5M in 2022!
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $12,495 $24,990 $37,485 $49,980
First Mortgage $237,405 $224,910 $212,415 $199,920
CMHC/GE $6,528.64 $4,498.2 $3,717.26 $0
Total Financing $243,933.64 $229,408.2 $216,132.26 $199,920
Monthly P&I $1,044.75 $982.54 $925.68 $856.24
Expenses $0 $0 $0 $0
Total Payment $1,044.75 $982.54 $925.68 $856.24
Income Required $39,178.08 $36,845.16 $34,712.91 $32,109.07

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BOSLEY REAL ESTATE LTD.

707 Eglinton Aven West , Toronto, M5N 1C8, Toronto

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Com - Co-Ownership Apart
Area: Toronto
Municipality: Toronto C03
Neighbourhood: Forest Hill South
Style: Apartment
Lot Size: x 0.00()
Approximate Age: 51-99
Tax: $0
Maintenance Fee: $1,757.05
Beds: 2
Baths: 1
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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