Okay, so it's not new, but it's new to me.
The building at 73 Richmond Street West, known as the Graphic Arts Building, has been converted into lofts, but with a co-ownership structure.
There are currently two units for sale; both bachelors, for $149,500 and $205,900.
The higher-priced one is not significantly different than what you would pay for a bachelor unit at 1 King West, but the maintenance fees are hugely different. Compare $200/month for the co-ownership to $500-$600 at 1 King West, and I start to wonder how people tell their mortgage payments and maintenance fees apart.