Open this photo in gallery: Michael Peart Photography 155 Dalhousie St., No. 1054, Toronto Asking price: $2,495,000 (January, 2025) Previous asking price: $2.695-million (September, 2024); $2.75-million (October, 2023) Selling price: $2,442,000 (February, 2025) Taxes: $10,772 (2024) Property days on market: 386 Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty The action Open this photo in gallery: The 3,164-square-foot loft has a revamped kitchen with an island and pantry, as well as a den and two entertaining areas.Michael Peart Photography This 3,164-square-foot loft in a former department store warehouse spent over a year on the market searching for a buyer, but most guests were overwhelmed by its massive size. “When we were listed, there were a lot of units under 1,000 square feet, but the average, ‘classic’ units in there are about 1,300 to 1,600 square feet,” said agent Christopher Bibby. “We staged the unit after the family moved out, and even our mover made a joke it was the biggest condo in downtown Toronto he’s ever worked in.” After a summer hiatus, the price was dropped to $2,695,000. A further reduction early this year to below $2,500,000 finally succeeded in coaxing a buyer into a serious offer and a deal at $2,442,000 was struck in February. “I’m not surprised it took us as long as it did with market challenges, and being a very unique space and price point,” Mr. Bibby said. “You don’t see units trading over $2-million in the Merchandise Building, especially in the last few years.” What they got Open this photo in gallery: The sellers merged their two-bedroom corner loft with a neighbouring unit, creating one residence with two entrances.Michael Peart Photography About 10 years ago, the sellers of this condo merged their two-bedroom corner loft with a neighbouring unit, creating one residence with two entrances, four bathrooms and a revamped kitchen with an island and pantry. There is a den and two entertaining areas with 12-foot ceilings and gas fireplaces. The primary bedroom windows face south and west. Two storage lockers and three parking spots complete the package. Monthly fees of $3,149 cover water, concierge and use of building amenities. The agent’s take “You have a communal kitchen, living and dining area, but the primary bedroom and small bedroom could be used as an office, like the adults’ or parent suite,” Mr. Bibby said. “Next door, when they ripped out the kitchen, it was like a big family room, so it was like the kids had their own suite.”