Yes way. It happened a few days ago at 141 Albion, a charming Victorian-styled building which was purchased in 2008 by a developer and turned into 2 dazzling units.
One of the units will be kept by the developer and #141 is for sale. Listed at $995,000 just over a week ago, it received multiple offers and is now in contract. All indications is that this one’s going over, folks. If you toured the property you know just how sweet it is. Towering ceilings, skylights everywhere, living space on 3+ levels, and around 1,800 square feet, this home has it all. Three bedrooms and three and-a-half baths provide ample space for you and your fellow urbanites to crash after fun nights out at this happening location.
If you missed out on this high quality remodel and particularly love the block, the developer has plans to build a 4-unit building next door (to the right of this building) beginning sometime in the next year or two. The renderings suggest it will be a more modern style.
Could this be a shot in the arm for the struggling TIC market? Mmm, that’s a shaky call. Since this is a 2-unit building with a clean eviction history it will be on the fast track to condo conversion, taking just 12-24 months to transition property types.
What is a shot in the arm, however, is the ridiculous amount of open house traffic this place received, the multiple offers, and the market showing strength for high quality, unique homes.
141-143 Albion
141 Albion - Old meets new
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