Search Results for: lofts in toronto
Small scale, big appeal
With a changing market, there’s demand for well-designed midrise and lowrise projects in beloved neighbourhoods
Globe and Mail
Some interesting trends are emerging as the Greater Toronto Area real estate market transitions from years of red-hot sales fuelled largely by the highrise condo boom.
Paul Johnston of Right at Home Realty Inc., who specializes in unique urban homes, says the market “is coming back to earth” and rather by being dominated by investors, it is being driven by “real people who buy real homes.”
This could spawn the development of more midrise and lowrise projects in the city, which will always resonate with buyers, he believes. “There is a move towards much smaller-scaled projects and by that, I don’t mean 205-square-foot suites in a highrise. I’m talking about five, six or seven storey midrise buildings and three-storey townhouses, which are much more humanly scaled. Demand is strong, strong, strong and it remains a very good market but gets muddled in with the highrise market.”
He says while the real estate market has been guided by consumer confidence “and that confidence has been mistakenly eroded by the correction in the highrise market,” it hasn’t had a salient effect on single family housing or the market for midrise buildings designed specifically for non-investors.
Mr. Johnston predicts a greater number of these smaller projects will be coming to some of the city’s best loved neighbourhoods.
“Little Italy, Trinity Bellwoods and Ossington are already established neighbourhoods and a growing number of developers are trying to gauge how to recalibrate their business to attract buyers who want more modestly scaled buildings,” says Mr. Johnston. “A growing number of people in the city want to live in iconic buildings and we can create small icons. There is an opportunity to insert more modestly scaled buildings that are precious gems, into the neighbourhoods we really love.”
While some buyers do appreciate the conveniences of the condo lifestyle, they don’t necessarily want to live in a tower, he says.
“No one wants to be on third floor of a 90 storey building, but they do want to be on the third floor of a six-storey building,” he says, adding that Toronto is finally responding to that segment of the market that wants to live in well-designed, smaller scaled developments in neighbourhoods outside the city core, which is dominated by highrises.
Comment: Bravo! This is where I want to get into the development game. Micro condos, mark my words…
He says many people want to live in buildings with 40 or 80 residents, where the setting is more intimate and they can get to know their neighbours. He says these small buildings don’t have elaborate amenities such as gyms and pools like large highrise projects do, but that’s fine with buyers.
“When you put in a small-scale building, you are in an already vibrant neighbourhood, so why put in all that stuff?” asks Mr. Johnston, pointing out that another advantage is that condo fees are much less expensive in small buildings without a large roster of amenities.
He cites the Ossington neighbourhood as an up-and-coming area for modestly scaled condo or loft projects. One example is 109 Oz, a six-storey condo in the heart of Ossington Village set in an area of established restaurants, shops and hardware stores.
“Around the corner you have Abacus, which is even more modest with 40 lofts, but the building is architecturally very distinctive,” Mr. Johnston says. “This is a place where you can find something to do at 2 in the afternoon or at midnight.”
He says prices for single homes are rising in the Ossington neighbourhood, citing a recent $1.25 million sale, “and if you want to live in that neighbourhood, single family houses may be out of reach financially, but maybe a modestly scaled condo or loft building will fit the bill.”
Despite the general lacklustre performance of the market, Mr. Johnston knows one thing to be true.
“There is a huge appetite for great properties in great neighbourhoods,” he says.
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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Contemporary condo pays tribute to the past
383 Sorauren offers modern interpretation of industrial chic
Ryan Starr – Toronto Star
For Bill Gairdner, the launch of 383 Sorauren represents a maiden voyage of sorts, the first condo he’s developed since striking out on his own just over a year ago.
383 Sorauren, a 10-storey mid-block masonry building designed by Peter Clewes of architectsAlliance, is meant to be a modern interpretation of the old warehouses that dot Roncesvalles Village. (Next door to 383 Sorauren is Robert Watson Lofts, a turn-of-the-19th-century factory that was converted into condos several years back, with much of the original gritty character kept intact.)
383 Sorauren will have 144 units that range from 470-square-foot studios to 1,500-square-foot three-bedroom-plus-den penthouses. There also will be four, two-storey, two-bedroom townhouses located along Sorauren Ave.
Prices range from $250,000 to $899,000. Occupancy is scheduled for 2016.
The project, which went on sale this week, had over 700 registrations as of late March. Gairdner — who left Freed Developments at the end of 2011 to launch his own firm — sees that as a significant vote of confidence for his inaugural condo effort. (His partner on the project is Martin Niro of Centrestone Urban Developments.)
“It’s the first boutique launch of the season, so a lot of people are keeping an eye on it,” Gairdner says as he strolls through the half-finished 383 Sorauren presentation centre a few weeks before the project’s official opening.
“It’s a totally different market (compared with previous springs),” he acknowledges. “But if anything the market has been speaking loud and clear that this is the kind of product it’s still interested in.”
“We designed this building to attract end users. It might have a slower absorption schedule, but I’m fine with that.”
True Neighbourhood
Residents at 383 Sorauren will have plenty of transit options, including the Dundas and College Street streetcars, and a GO train connection at Bloor and Dundas. (Unfortunately the condo has a railway corridor running behind it, but so do Rosedale mansions, Gairdner points out.)
The building is a five-minute stroll from a revitalized Roncesvalles Avenue, which offers a parade of hip restaurants, bars, coffee shops and galleries. “I feel like it’s the first neighbourhood when you head west from downtown that feels like a neighbourhood but still has the urban flair and feel for people who don’t necessarily want the Kingsway or High Park,” Gairdner says.
383 Sorauren’s suites, designed by Johnson Chou, will have terraces or balconies and nine-foot ceilings, with 10-foot ceilings in the two-storey penthouse suites.
The building will have a fitness centre and a terrace with an outdoor lounge, barbecues and a dining area that backs onto Sorauren Park, located just south of the property (where there’s a farmers’ market every Monday evening.)
The project’s masonry warehouse look is a tribute to the area’s industrial past. “We didn’t want to put up some fancy glass box in the middle of this neighbourhood,” Gairdner says. “That would be really out of context.”
At the same time, he stresses, 383 Sorauren isn’t going to mimic the older architecture either. “We want to tip our hat to that kind of structure because it’s beautiful,” he says, referring to the Robert Watson project next door. “But we still want to do a building that’s modern and cool that speaks to our generation and time.”
Finding Freed
Gairdner got his break in the development business from Peter Freed, King West’s condo king.
Fresh out of university and looking for a job in the industry, Gairdner introduced himself to Freed back in 2004, in the elevator of the condo where they both lived (Freed’s 66 Portland). “I said, ‘I bought into your condo, I’ve always wanted to get involved in the business, and I’d really appreciate the chance to chat with you,’ ” Gairdner recalls.
Freed gave him his email address, and Gairdner, now 30, says he “chased him down for about six months before he finally agreed to give me a job.”
Gairdner started off doing anything that fell off Freed’s desk, and before long had gotten a crash course in all aspects of the condo biz. “It was such a small organization that I was doing things well beyond my years,” says Gairdner, who eventually became Freed’s vice president of development. “I got the best education going because it was hands-on and Peter was doing a lot of really exciting things.”
In 2011, Gairdner decided to go solo. His mission: to develop his own brand of “cool buildings where real human beings want to live.”
“I had this entrepreneurial hunger. I wanted to see if I could actually do it (on my own),” he says. “I think I always knew I could, it just seemed risky.”
To mitigate risk on his first foray, 383 Sorauren, Gairdner has surrounded himself with an A-team of Toronto condo consultants, including architect Peter Clewes and designer Johnson Chou. “I’ve got great partners, a great team and I’ve also done this a bunch of times,” Gairdner notes. “So for me it doesn’t seem like an insurmountable task.
“It’s just a refreshing experience being able to do it on your own versus doing it for someone else.”
The Details
Location: 383 Sorauren Ave.
Developer: Gairdloch Developments & Centrestone Urban Developments
Architect: Peter Clewes, architectsAlliance
Interior design: Johnson Chou
Size: 10 storeys
Suites: 144
Prices: $250,000 to $899,000
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
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Five industrial lofts for less than $1 million
Toronto Life
The number of so-called “hard lofts” in Toronto has ballooned since the early 2000s as developers wised up to the moneymaking potential of turning old factories and warehouses into residential units. True loft conversions have an artsy vibe that’s nearly impossible to imitate, and some buyers feel they’re a smarter investment than new builds because supply is, in theory, limited by the number of available buildings to convert. Even would-be loft owners with sub-$1 million budgets can find a range of options: some units maintain the original raw, industrial feel, while the rough edges on others have been smoothed away (some re-purposed buildings are even packed with luxury amenities). Below, five recently-listed hard lofts from across the city.
Comment: I still get people asking me for “raw” space that they can convert. Something 2,000 square feet or so, for like $200,000. I wish… truly I wish I could find something like that.
The Merchandise Lofts
Address: 155 Dalhousie Street, Unit 1015
Listed price: $449,900
Sold for: $441,000 after 18 days on the market
Building fees and amenities: $466.40. Concierge; rooftop garden with dog walking area; lap pool; barbecue terrace; half-basketball court; yoga studio; Metro grocery store at street level
The take: This one-bedroom unit in the former Sears warehouse near Ryerson is a roomy 889 square feet, and has a sunken living area, a raised master bedroom with a sliding barn door, and a wall of factory-style windows. Despite those features, however, a sense of the building’s early 20th-century Chicago School architecture feels sadly absent.
Comment: Such a great location, but such a huge builing turns a lot of people off. Some concrete columns, but otherwise you would be hard pressed to notice you were in an old building. Great amenities, best roof top patio in Toronto.

The Merchandise Lofts – 155 Dalhousie
The Boiler Factory Lofts
Address: 189 Queen Street East, Unit 5
Listed price: $469,900
Sold for: $470,000 after 170 days on the market
Building fees and amenities: $330.19. None
The take: The Boiler Factory is an intimate, 11-unit building in the heart of Moss Park, an area undergoing change with new developments but currently still known for its housing projects and homeless shelters. The 900-square-foot unit has one bedroom (plus office), exposed brick walls and a stainless steel-accented kitchen that compliments the industrial exterior. Best of all: a private rooftop terrace with views of the city.
Comment: Amazing, the last 2 units to sell recently went in 15 and 27 days. Some agents are easier to work with, I guess…

The Boiler Factory Lofts – 189 Queen Street East
The Brock Lofts
Address: 27 Brock Avenue, Unit 212
Listed price: $499,000
Sold for: $580,000 after three days on the market
Building fees and amenities: $698.46. None
The take: Spend $110,000 more and you’ll get a two-bedroom loft spanning 1173 square feet and two levels. A pair of open-tread metal staircases lead to the master bedroom and a private rooftop terrace (which has an excellent view of the line-up at Electric Mud BBQ). Maintenance fees are a tad steep considering the building lacks costly amenities like a concierge or fitness centre.
Comment: I am going to have one coming up soon, next door to this one. Sometime in early July likely, I will be listing unit 210. Let me know if you want to be notified when it comes up. One of the very few lofts in Parkdale – you would expect more. But this is one of 3, and they all sell fast fast fast.

The Brock Lofts – 27–31 Brock Avenue
The Broadview Lofts
Address: 68 Broadview Avenue, Unit 428
Listed price: $589,900
Sold for: $601,000 after four days on the market
Building fees and amenities: $494.49. Concierge; party room; rooftop patio
The take: With 152 units, the former Rexall Pharmacy warehouse just east of the Don Valley Parkway feels a little less exclusive than some of the other conversions. The split-level suite, however, is spectacular, with a huge open-concept kitchen and living area, and a master suite with a full wall of built-in closets.
Comment: I love it. This should be the set for any movie or TV show shot in a loft. All the classic brick and wood, just awesome. Ceilings are a little low, though. But it used to be a drug warehouse, you just don’t need that much room for all those little bottles, I guess.

The Broadview Lofts – 68 Broadview Avenue
The Robert Watson Lofts
Address: 363 Sorauren Avenue, Unit 116
List Price: $775,000
Sold for: Still on the market
Building fees and amenities: $843.72. Courtyard; rooftop garden
The take: This six-storey former candy factory in Roncesvalles is generally considered one of the city’s best conversions. A two-bedroom, ground-floor unit juxtaposes gritty industrial features like exposed brick, wood beams, open ductwork and rounded windows with a sleek contemporary kitchen and minimalist bathrooms. The bedrooms are set off by curtains, not walls, which could make for some privacy issues.
Comment: Trivia – Robert Watson’s old house on St. George Avenue is also a loft! This is another of the best conversions in Toronto, easily in the top 5 or 10. If you can get one, buy it, you will not regret it.

Robert Watson Lofts – 363 Sorauren Avenue
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Contact the Jeffrey Team for more information – 416−388−1960
Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
—————————————————————————————————–
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