East Toronto loft conversion finally complete
By Sydnia Yu – Globe and Mail
Having resurrected a project to convert a century-old tannery into authentic lofts, Urbancorp has finally completed the building. The Tannery Lofts, which was started by another developer, is located at 736 Dundas St. East, just east of River Street near the Don Valley Parkway.
“Rather than people buying from plans, they were able to see completed units,” says the sales and marketing manager for the Toronto loft development. “First of all, they could see exactly what they were buying, and secondly, they could move in by the fall rather than a few years later.”
Most of the 45 units in the boutique hard loft building have one-bedroom plans, but also available are studios and two-bedroom penthouse suites with wraparound terraces.
A large proportion of the authentic lofts were in a price range that would be appealing to first-time buyers – from $169,000 to $250,000, he notes. “That’s very hard to find in the city… for an authentic hard loft.” Prices have risen significantly over the past months, with some units almost doubling in value.
These lofts are located in the old four-storey structure, built in 1905 and have the original 13-foot wood ceilings, brick walls and exposed posts and beams. Blending in with the old building is a new three-storey addition with a brick facade and warehouse-style windows.
It will contain soft lofts, with exposed steel elements and concrete or laminate floors, will have a different look and feel from the hard lofts. There will be some additional brick feature walls included in those units as well.
Standard features in all lofts include stainless-steel appliances, granite countertops and extra-height cabinetry. Some lofts also have islands or peninsulas with breakfast bars. The monthly maintenance fee is around 40 cents a square foot.
Parking is only available on a rental basis, as there are a limited number of spots. As an alternative, there will be an auto-share program for residents, as well as bicycle storage.
The site is close to streetcar service, and within walking distance from many amenities, including Riverdale Park and trail systems along the Don River.
There’s a whole bunch of activity and development going on, specifically along River Street, Queen Street East and Eastern Avenue. It’s really an up-and-coming area.
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Contact the Jeffrey Team for more information – 416-388-1960
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