This renovated loft, near Toronto’s Distillery District, or that Century home close to Elora, with land. Which would you choose?

Given the price of real estate in Ontario today, when you choose a place to call home, you want to be sure it both meets your needs and fulfils your dreams.
As we help you consider options, our search this week takes us to an increasingly popular East End Toronto neighbourhood and to a rural road outside picturesque Elora, Ont.
THIS
A renovated loft, close to Toronto’s popular Distillery District
Address: 32 Trolley Crescent, #526, Toronto
Price: $1,950,000; monthly maintenance fee, $1,130.24
Size: 1,412 square feet interior, plus 638-sq.-ft. private terrace
Basics: Two bedrooms, one-and-a-half bathrooms, one parking space, one storage locker
Extras: Scandinavian-inspired kitchen with an oversized dine-in island and upgraded stainless steel appliances; 10-ft. brushed concrete ceilings with exposed ductwork; floor-to-ceiling windows in main rooms; recently upgraded bathrooms with new light fixtures and backsplashes; gas-line BBQ on balcony; west and south views
Place: Close to skate park, Corktown Commons park and the Don River trail; walking distance to Distillery District’s restaurants and theatre and the growing Canary District; minutes from the Don Valley Pkwy. and Gardiner Expwy.; easy access to all of Toronto’s downtown amenities
Realtor: Karen Law, Century 21 Leading Edge Realty Inc., 647-836-2895, www.TorontoRealEstateSpecialists.com
Quotable: 
The great thing about living in the east end of downtown is that it offers a quieter escape from the city’s main hustle and noise, yet you’re only a short walk away from the action, including popular restaurants and entertainment in the Distillery District,” says broker Karen Law.
“Meanwhile, this luxurious, modern loft offers the terrace of your dreams. It’s an expansive, beautifully landscaped space that’s perfect for entertaining!”
THAT
A renovated Century home situated on 7.8 acres just outside rural Elora
Address: 6783 Gerrie Rd., Elora
Price: $1,875,000
Size: 1,895 sq. ft.
Basics: Three bedrooms, two bathrooms, drive shed, modernized barn currently used to host events
Extras: Stainless steel kitchen appliances and extensive counter space; living room wood-burning stove; wooden deck; large, unfinished basement; gingerbread trim on exterior; landscaped yard; abundant parking
Place: A quiet, rural property backing onto the Greenbelt and surrounded by farms; five-minute drive to historic Elora, home to the annual Elora Festival, charming restaurants and shops. Close to two conservation areas and a regional forest. Short drive to Hwy. 6.
Realtor: Scott Couling, Keller Williams Home Group Realty, 519-843-7653, https://homegrouprealty.ca/
Quotable: “The property has all of the modern conveniences while maintaining its heritage and rustic charm,” says realtor Scott Couling. “With privacy and land, it is close to all of the amenities of Elora and GTA; Elora has great restaurants, a brewery and a fabulous art scene!
“This could be the ideal hobby farm, weekend retreat, or rural ag-business venue; there are infinite possibilities for this property.”