Here's a nice break from all the multi-million dollar condos that often dominate our attention. Even with the Toronto real estate market soaring, not that many people can afford condos in excess of a million bucks.

This one bedroom loft is listed at $750,000 and offers a good look at what you get in this price range. There are some great features, but also a few things that prospective buyers will have to give up, the most obvious being a fully enclosed bedroom.

Located in a former knitting mill that was converted to loft units in 1996, this space lives up to its designation by placing the bedroom above the washroom space, which cleverly contains a washer-dryer. All in all, it's a very good use of 782 square feet of space.

There aren't a ton of heritage features on display, but the exposed brick wall is a centrepiece, and the living room window floods the space with light. The gas fireplace is also a nice touch.

Specs

• Address: #107 676 Richmond St. W
• Price: $750,o00
• Bedrooms: 1
• Bathrooms: 1
• Parking: 2
• Walk Score: 97
• Transit Score: 100
• Maintenance Fees: $725
• Listing agent: Diana Mendonca
• Listing ID: C3800105

Good For

This condo will appeal to those who don't like the idea of living in a high rise community. It's a boutique building with just enough heritage on display to have some cultural cachet.

Move On If

This place is really only suited to a single occupant or a couple with compatible work schedules. It'd be hard to use the living space when someone else is sleeping.

Thanks to Bosley Real Estate Ltd., Brokerage for sponsoring our condo of the week. All editorial written and selected by blogTO.