Tag Archives: The Malthouse Loft Towns
Innovative new living space in the heart of Toronto
From New Dream Homes and Condos Magazine
George Herczeg of Inaugural Source Homes was one of the first builders to take an interest in revitalizing city neighborhoods in downtown Toronto. He has grown quite a reputation for his ongoing developments in the heart of the city. Inaugural Source Homes’ most recent project is The Malthouse Loft Towns, an innovative new living space that will build upon the Inaugural Source name.
“This is a very special product because there is basically no such thing on the market in terms of loft-style townhomes,” says Agnes Herczeg.
“You usually either have a loft, or a townhome, but this is a loft-townhome. It’s a three-story home with loft features, which means high ten-foot ceilings on each level, and exposed brick from the original building from 1876.”
“These loft-townhomes will generally attract young executives and career-oriented people,” says Herczeg. What really makes these loft-townhomes unique is that they are also designated as live-work spaces, so people can even run a business out of them.”
The Malthouse Loft Towns is designated as a heritage building by the city of Toronto, which means that it has many unique features that you just cannot find anywhere else. It is an Italianate-inspired building, designed by Victorian architects Smith & Gemmel. The building’s shell is actually an old restored brewery built in 1876.
The exterior features buff brick pilasters, decorative corner corbelling, rounded arches, and oval cast-iron tie-rod plates. It also includes elements such as exposed red and buff brick walls from the original building, and many other one-of-a-kind architectural features from the Victorian industrial era.
There are a variety of spacious, open concept designs available. Each loft-townhome includes versatile home office/study areas, soundproofing for optimal privacy, unique trim finishes, and sliding barn doors in bedrooms (excluding master bedroom). Also included in each unit is engineered wood flooring on the main level, sisal-type carpeting on the stairs and two top floors, bathroom vanities, and most lighting fixtures.
Kitchen luxuries include genuine granite countertops, stainless steel double sinks, and brand name upgraded black appliances including stacked front-loading washer and dryers. Some other exclusive features include maintenance-free custom windows, and rooftop decks ideal for outdoor living and entertaining.
Each unit has three floors of living space, plus a walkway up to the roof’s terrace patio. There is also storage space, convenient indoor parking with direct home entry on the lower level, and remote garage door openers.
“We have been in the business for over forty years. Our specialty is the rejuvenation of older neighborhoods,” says Herczeg. “We started out with renovating homes in older parts of the city of Toronto, such as Cabbagetown, and The Annex. But now we are doing in-fill projects in different parts of Toronto.”
There are only ten boutique loft-townhomes built, and occupancy can be in sixty days. Square footage varies from 1,380 to 1,540 square feet and prices range from $475,000 to $515,000. And as an opening special, the builder is offering stainless steel appliances and kitchen islands.
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A great opportunity realized by Inaugural Source
Inaugural Source has recognized an amazing opportunity for new homes and it’s in an ideal spot downtown. Overlooked and under-appreciated, the beautiful heritage malthouse building on the east side was just waiting for someone with creativity and a visionary perspective. There’s a lack of space for new loft projects in the vital areas of downtown Toronto, and at the location on River just north of Queen Street East, Inaugural Source recognized a prime opportunity. The Malthouse Loft Towns is Phase 2 to Old York Village, a similar project done four years ago by Inaugural Source, that proved to be an incredible investment for the original buyers!
Surrounded by a wealth of urban convenience and lifestyle, Inaugural Source is offering The Malthouse Loft Towns, an exclusive enclave of 10 loft towns designated as live/work space. An ideal spot for those running a business from home or who just want to cut out the commute, the location offers easy access to the Don Valley Parkway, the Gardiner and Lakeshore Blvd., making it an easy starting point for getting anywhere in the GTA. There’s no more downtown commute for residents, it’s walking distance to the city core, a quick bus ride or a cheap taxi fare, depending on the speed of your lifestyle.
The prestige and demand for this part of the city has grown tremendously, gentrification and new communities making this a real “it” spot. The restored and rejuvenated Distillery District is only blocks away, offering a selection of great little boutiques, bistros and dining rooms as well as a variety of community events, festivals and an organic produce market on any given weekend. The area is also the new hot spot for design and decor – fabulous shops favoured by interior designers, decorators, and those with a taste for style-chic are cropping up in numbers on Queen, King and along Adelaide and Richmond.
Location being a major factor for Inaugural Source’s vision, the brilliance of this project was in designing homes to complement the location. The existing Italianate-inspired historic building, constructed in 1876 for local beer production, was designed by Smith and Gemmell, leading architects of the period. Maintaining the gorgeous facade allowed Inaugural Source to create a new community while preserving the history of this site and allowing the new community to mesh with the Victorian-era buildings of the existing neighbourhood quite seamlessly.
Each of the 10 loft towns is one-of-a-kind. The incredible 19th century architectural detailing of the malthouse building – buff brick pilasters, decorative corner corbelling, rounded arches and cast-iron tie-rod plates – are carried through the new design, marrying the heritage and the modern with comfortable and sophisticated style. Living space is spread over three floors, 10-ft. ceilings a feature of each. There are exposed brick walls, Juliet balconies and other industrial-era detailing. Sliding barn doors for bedrooms, contemporary railings with natural oak handrails and glass panels are just some of the great, modern interior details.
Added to this, there is an amazing array of features to complement your lifestyle. The roof-top deck provides a personal outdoor retreat with a natural gas outlet for a gas-powered barbecue so that you never have to hassle with a propane tank again.
Soundproofing in these homes surpasses the minimum building code requirements so that you can enjoy your home entertainment system without enjoying the neighbours’. Loft town designs include a versatile home office area – ideal for those who work from home – or those who simply want a quiet sanctuary to read or sit at the computer. Alternately, the room can be used as a den or even a bedroom. Homes are designed for the high-tech needs of today’s lifestyle, complete with high-speed Internet wiring.
An upscale selection of finishes and appointments completes The Malthouse Loft Towns with designer detail. Engineered wood flooring, as per model, is on the main floor. Sisal-style carpeting finishes the stairs and top two floors. Bathrooms are finished with designer-selected ceramic tile on the floor and wall.
The kitchen is a showpiece in the open-concept design. Finished with granite countertops, it features valance lighting which highlights the gorgeous stone surface, and there is track lighting for general room lighting. State-of-the-art appliances in black include a fridge, a stove with smooth cooktop and self-cleaning oven, a dishwasher and a spacesaver built-in microwave with hood fan. There’s also a stacked front-loading washer and dryer included in the appliance package, with laundry facilities tucked away in a second-floor laundry closet.
The Malthouse Loft Towns have been designed with comfort in mind. There is indoor parking with direct residence entry, as per plan, as well as plenty of other features that will have you wanting to make this your new home. The opening special that Inaugural Source is offering – a free upgrade to stainless steel appliances, a spectacular glass sink unit in the main bathroom and air-conditioning – makes these loft towns hard to resist.
There are only 10 of these incredible Malthouse Loft Towns, so opportunity is limited to enjoy this exclusive community. Starting at $449,900, the chance to enjoy the comforts, style and location of these live/work loft towns won’t last.
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