Toronto Real Estate Blog

The Schoolhouse Lofts is one of those projects that comes along once or twice in a lifetime. Intimate in scale and number of suites, it preserves historic original architecture and adds stylish contemporary interior design to make this development unique in Toronto and precious in the Bloor/Annex neighborhood. Often, these gem like structures fall into the hands of a ham fisted developer unaware of the intricacies of honoring history while at the same time embracing the here and now, well not this time.

With the demand for premium Bloor/Annex/Yorkville condominiums vastly exceeding the supply, pricing for built stylish product has reached $600-$1000 per square foot. You just need to look around to see why. The freehold housing stock is in extremely short supply with less than 200 homes being sold each year with virtually every sale experiencing multiple offers. It’s been that way for years.

The actual stock of Annex housing will remain flat; just how many homes are getting built in the Annex per year? (less than a dozen). Additionally, how many condos can be built in this neighborhood when it is not possible to buy a few homes, and demolish them to build a building? Could you imagine the hue and cry from the neighborhood? The Annex neighborhood will experience extreme price increases over the next few years as virtually nothing new gets developed and the resale supply remains tight.

With just 3 luxurious lofty homes being offered for sale (16 are currently sold), the sun will soon have set at The Schoolhouse Lofts. Once they’re gone, nothing like them will be seen again. These three lofts range from 1,032 square feet to 2,048 square feet in one bedroom plus den, two bedroom and two bedroom plus den layouts. Parking is underground and protected.

These three lofts are priced at $629,900 through to $1,669,900 for the 2-storey penthouse with 2 parking spots.

***** UPDATE *****

I have just found out that there are actually 15 units for sale. Almost every unit is still available. There are units on the first floor, second, third and penthouse level. Layouts from one-bedroom-plus-den through to two-bedroom-plus-library. Exposures in all directions and sizes fro 1,032 to 2,092 square feet. Every unit includes one parking spot and locker, with 2nd parking spots available for penthouse units.

***** UPDATE *****

Interior design work has been done by one of Toronto’s top designers – 3rd Uncle Design. Enjoy 10-foot-high ceilings, concrete block party walls, custom stairs, custom kitchens and baths, stainless steel kitchen appliances, full size washer and dryer and every conceivable luxury material round out the finishes in these luxury homes. In development it’s the little things that mater, and at The Schoolhouse Lofts the little things have been attended to.

These executive lofts feature closed-circuit video monitoring at entrances and parking, with individual in-suite security panels and sensors. Terraces boast gas BBQ lines and electrical outlets. The penthouse spoils you with a 2nd floor wetbar with Viking Beverage & Bar Centre. All Schoolhouse Lofts sport Neff kitchens with granite counters and Viking stainless steel appliances, including french-door fridge and gas oven with cooktop. Spa-inspired master ensuites have marble and so much more!

So, if you want to live in a faceless, soulless, massive, badly designed concrete high-rise, located on a busy hub, then The Schoolhouse Lofts is not for you. However, if you’re looking for a nice transition from a home into an intimate building located in a true city neighborhood, on a quite Annex street where attention to history, architecture and design are the guiding focus, come and see what The Schoolhouse Lofts have to offer.

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Contact the Jeffrey Team for more information  -  416-388-1960

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