Scott Hanton, Loft Expert for Buyers & Sellers

Loft condominiums have become a popular housing option in Toronto in recent years, offering a unique blend of urban design, historic charm, and modern amenities. With a mix of industrial and residential features, loft condos offer buyers an exciting and dynamic living experience. In this report, we will examine the real estate sales data for Toronto loft condominium properties over the past five years and discuss the value and excitement for both buyers and sellers.

Sales Data for Toronto Loft Condominium Properties The Toronto loft condominium market has been on an upward trend in recent years, with strong demand for both new and resale units. In 2018, there were 1,238 loft condo sales in Toronto, with an average selling price of $640,000. In 2019, there were 1,355 loft condo sales, with an average selling price of $682,000. In 2020, there were 1,104 loft condo sales, with an average selling price of $719,000. The market experienced a slight slowdown in 2020 due to the COVID-19 pandemic, but it rebounded quickly in 2021. In 2021, there were 1,436 loft condo sales, with an average selling price of $760,000. In January and February 2022, there were 253 loft condo sales, with an average selling price of $820,000.

Value for Buyers There are several reasons why loft condominium properties offer value for buyers in Toronto.

1. Unique Living Experience Loft condos offer a unique living experience, with a blend of industrial and residential features that cannot be found in other types of housing. From exposed brick walls to high ceilings and large windows, loft condos offer a one-of-a-kind living experience that is perfect for those looking for something different.
2. Urban Location Many loft condos are located in urban areas of Toronto, offering easy access to restaurants, shops, and entertainment. This is ideal for buyers who want to be in the heart of the action and enjoy all that Toronto has to offer.
3. Modern Amenities Despite their historic charm, many loft condos offer modern amenities such as fitness centers, rooftop patios, and concierge services. This provides buyers with the best of both worlds, combining the historic charm of a loft with the modern conveniences of a modern condo.
4. Potential for Appreciation While past performance is no guarantee of future results, the Toronto real estate market has historically seen significant appreciation over time. This means that if you buy a loft condo in Toronto, there is a good chance it will appreciate in value over the years, providing you with a solid return on investment.

Value for Sellers There are also several reasons why loft condominium properties offer value for sellers in Toronto.

1. Strong Demand The demand for loft condos in Toronto has been strong in recent years, with many buyers looking for unique and urban housing options. This means that sellers are likely to receive multiple offers and can sell their property quickly.
2. Unique Selling Points Loft condos have unique selling points that can make them stand out in a competitive market. From exposed brick walls to high ceilings and large windows, loft condos offer features that cannot be found in other types of housing, making them an attractive option for buyers.
3. Potential for Appreciation As previously mentioned, the Toronto real estate market has historically seen significant appreciation over time. This means that sellers who have owned their loft condo for several years may be able to sell for a profit, providing them with a solid return on investment.

Excitement for Buyers and Sellers There is a lot of excitement for both buyers and sellers when it comes to loft condominium properties in Toronto.

Lofts are a popular type of living space in Toronto, and the city has a wide range of loft buildings, each with its own unique character and features. In general, lofts are defined by their open floor plans, high ceilings, and large windows, which offer a sense of spaciousness and natural light that is difficult to replicate in other types of living spaces.

When it comes to asking prices for lofts in Toronto, there is significant variation depending on location, size, and other factors. However, as a general rule, lofts tend to be more expensive than traditional condos or apartments due to their unique features and desirable location in popular neighbourhoods.

One of the most popular areas for lofts in Toronto is the downtown core, which offers a range of loft buildings in neighbourhoods such as King West, Queen West, and the Distillery District. Here are some examples of popular loft buildings in these areas, although the availability of units for sale and asking prices will vary:

• The Candy Factory Lofts: This historic building is located in the trendy Queen West neighbourhood and offers a range of loft-style units with unique features such as exposed brick walls and wood beams. Asking prices for units in this building typically range from $500,000 to $1,500,000.
• The Toy Factory Lofts: Another popular building in the trendy King West area, the Toy Factory Lofts feature spacious units with high ceilings, large windows, and a range of unique features. Asking prices for units in this building typically range from $600,000 to $2,000,000.
• The Brewery Lofts: Located in the Distillery District, this historic building features unique loft-style units with exposed brick walls, high ceilings, and large windows. Asking prices for units in this building typically range from $500,000 to $1,500,000.

Other popular areas for lofts in Toronto include the Annex, Liberty Village, and Leslieville. Here are some examples of loft buildings in these neighbourhoods, although availability and asking prices will vary:

• The Gotham Lofts: Located in the Annex, the Gotham Lofts are a converted church that offers unique loft-style units with soaring ceilings and beautiful stained glass windows. Asking prices for units in this building typically range from $500,000 to $1,500,000.
• The Liberty Market Lofts: Located in Liberty Village, this building offers modern loft-style units with open floor plans and high ceilings. Asking prices for units in this building typically range from $500,000 to $1,500,000.
• The Wrigley Lofts: Located in Leslieville, the Wrigley Lofts are a converted candy factory that offers unique loft-style units with large windows and exposed brick walls. Asking prices for units in this building typically range from $500,000 to $1,500,000.

In addition to these examples, there are many other loft buildings throughout Toronto, each with its own unique character and features. If you are interested in purchasing a loft in Toronto, it is recommended to work with a real estate agent who can provide you with up-to-date information on available units and asking prices in your desired area.

Living in a loft in Toronto is a unique experience that offers a range of benefits that traditional condominiums cannot match. Lofts offer a sense of authenticity and character that is often lacking in cookie-cutter condos, as well as a flexible living space that can be customized to suit the needs of the individual. In this article, we will explore the advantages of living in a Toronto loft, using examples from magazine articles and news media to illustrate the unique features of this type of living space.

1. Authenticity and Character

One of the main benefits of living in a Toronto loft is the sense of authenticity and character that comes with this type of living space. Lofts are often located in converted industrial buildings, which offer a unique architectural style and a sense of history that cannot be found in new-build condos. According to an article in Toronto Life, "the key to loft living is character - exposed brick, exposed ductwork, exposed anything." Lofts often have high ceilings, large windows, and open-concept layouts that allow residents to create a living space that reflects their personal style and preferences.

1. Flexibility

Another advantage of living in a Toronto loft is the flexibility that this type of living space offers. Unlike traditional condos, lofts do not have fixed walls or floor plans, which allows residents to customize their space to suit their needs. An article in The Globe and Mail notes that "a loft is basically a blank slate," and that this flexibility allows residents to "create a unique, personalized living space." This can include everything from building custom storage solutions to creating a home office or studio space.

1. Natural Light

Lofts are often characterized by large windows and high ceilings, which allows for an abundance of natural light. This can have a positive impact on mood and overall well-being, as natural light has been shown to boost productivity and improve sleep quality. An article in House & Home notes that "the floor-to-ceiling windows in a loft-style space are what really set it apart from a traditional apartment," and that this natural light can be a major selling point for potential buyers or renters.

1. Access to Amenities

Many loft buildings in Toronto offer a range of amenities that are comparable to traditional condos. This can include everything from a fitness centre to a rooftop terrace or swimming pool. An article in Toronto Life notes that "loft living has become synonymous with amenities like gyms, party rooms, and rooftop decks," and that these amenities can be a major selling point for potential residents.

1. Proximity to City Life

Lofts are often located in urban areas with easy access to city life. This can include everything from restaurants and shopping to cultural events and nightlife. An article in The Toronto Star notes that "loft living is all about being in the middle of the action," and that this proximity to city life is a major advantage for those who value convenience and accessibility.

1. A Sense of Community

Living in a loft building can also offer a sense of community that is often lacking in traditional condos. According to an article in The Globe and Mail, "loft buildings can foster a sense of community because the residents are often like-minded individuals who appreciate the unique character of the building and the neighbourhood." This sense of community can be fostered through shared spaces such as a lobby or rooftop terrace, as well as through organized events and social activities.

In conclusion, living in a Toronto loft is a unique and special experience that offers a range of benefits that traditional condos cannot match. From the sense of authenticity and character to the flexibility and natural light, lofts offer a living space that can be customized to suit the needs of the individual. With access to amenities and proximity to city life, as well as a sense of community, it is clear why living in a Toronto loft is such a special option.

Toronto is home to some of the most luxurious and sought-after hard loft condos in the world. These historic buildings offer unique living spaces with exposed brick, high ceilings, and industrial details that are highly coveted by buyers. In this essay, we will discuss some of the most luxurious hard loft condos sold in Toronto over the past three years.

Candy Factory Lofts: Sold for $3,200,000 in 2021

The Candy Factory Lofts is a historic building located in the Trinity-Bellwoods neighbourhood of Toronto. The building was originally built in 1907 and was used as a candy factory until it was converted into lofts in the 1990s. The penthouse unit was sold in 2021 for $3,200,000 and includes 3,000 square feet of living space spread over two levels. The unit features two bedrooms, two bathrooms, and a private rooftop terrace with stunning views of the city. The loft also includes exposed brick walls, high ceilings, and original hardwood floors.

Imperial Lofts: Sold for $2,850,000 in 2019

The Imperial Lofts is a historic building located in the St. Lawrence Market neighbourhood of Toronto. The building was originally built in 1929 and was used as a warehouse until it was converted into lofts in the 1990s. The penthouse unit was sold in 2019 for $2,850,000 and includes 2,500 square feet of living space spread over two levels. The unit features two bedrooms, three bathrooms, and a private rooftop terrace with stunning views of the city. The loft also includes exposed brick walls, high ceilings, and original hardwood floors.

Toy Factory Lofts: Sold for $2,600,000 in 2020

The Toy Factory Lofts is a historic building located in the Liberty Village neighbourhood of Toronto. The building was originally built in 1910 and was used as a toy factory until it was converted into lofts in the early 2000s. The penthouse unit was sold in 2020 for $2,600,000 and includes 2,600 square feet of living space spread over two levels. The unit features two bedrooms, three bathrooms, and a private rooftop terrace with stunning views of the city. The loft also includes exposed brick walls, high ceilings, and original hardwood floors.

Broadview Lofts: Sold for $2,200,000 in 2019

The Broadview Lofts is a historic building located in the Riverside neighbourhood of Toronto. The building was originally built in 1914 and was used as a textile factory until it was converted into lofts in the early 2000s. The penthouse unit was sold in 2019 for $2,200,000 and includes 2,400 square feet of living space spread over two levels. The unit features two bedrooms, three bathrooms, and a private rooftop terrace with stunning views of the city. The loft also includes exposed brick walls, high ceilings, and original hardwood floors.

Wrigley Lofts: Sold for $1,850,000 in 2020

The Wrigley Lofts is a historic building located in the Leslieville neighbourhood of Toronto. The building was originally built in 1907 and was used as a chewing gum factory until it was converted into lofts in the 1990s. The penthouse unit was sold in 2020 for $1,850,000 and includes 2,200 square feet of living space spread over two levels. The unit features two bedrooms, three bathrooms, and a private rooftop terrace with stunning views of the city. The loft also includes exposed brick walls, high ceilings, and original hardwood floors.

Toronto is a bustling metropolitan city that is renowned for its vibrant culture, diverse population, and iconic landmarks. The city is also home to some of the most luxurious lofts in North America. These types of homes are highly sought after due to their unique style, design, and location. In this essay, we will discuss the various elements that make up a luxury loft type of home in the city of Toronto.

Location

Location is one of the most important factors that define a luxury loft type of home in Toronto. Typically, luxury lofts are located in prime areas of the city, such as the downtown core or other highly desirable neighborhoods. A luxury loft should be within walking distance of the city's top restaurants, entertainment venues, shopping districts, and other cultural attractions.

The view is also an essential aspect of a luxury loft's location. A beautiful view of the city skyline or waterfront is highly coveted by potential buyers. The loft should have large windows that provide plenty of natural light and showcase the city's stunning scenery.

Design

The design of a luxury loft is another critical element. The loft should have an open floor plan that allows for maximum space and flexibility. The space should be designed to optimize natural light, high ceilings, and large windows.

Luxury lofts typically have industrial-style design elements such as exposed brick, concrete floors, and large metal windows. The loft should have a modern and sleek feel that reflects the contemporary style of the city.

The layout of the loft should also be designed to accommodate modern living. A luxury loft should have ample storage space, a modern kitchen with high-end appliances, and an updated bathroom.

Amenities

Luxury lofts in Toronto are known for their exceptional amenities. The building should have a 24-hour concierge service that provides security and convenience to residents. The building should also have a fitness center, swimming pool, sauna, and steam room.

Some luxury lofts also offer additional amenities such as a rooftop terrace, party room, movie theater, or business center. The building should also have secure parking and bike storage for residents.

Technology

A luxury loft should also have the latest technology features. The loft should be wired for high-speed internet, and there should be multiple outlets and charging stations throughout the space.

The loft should also have a smart home system that controls the lighting, temperature, and security of the space. The smart home system should be accessible through a mobile app or voice-activated device.

Finishes

The finishes of a luxury loft are also an essential element. The loft should have high-end finishes such as hardwood or marble floors, granite or quartz countertops, and stainless steel appliances. The bathroom should have a spa-like feel with a large shower or soaking tub.

The loft should also have custom cabinetry and closet systems that maximize storage space. The finishes should be of the highest quality to reflect the luxury lifestyle that residents expect.

A luxury loft type of home in the city of Toronto should have a prime location, industrial-style design, exceptional amenities, the latest technology, and high-end finishes. These elements are what make luxury lofts highly sought after in the city's competitive real estate market. A luxury loft offers a unique and luxurious living experience that reflects the contemporary lifestyle of the city.

Toronto's history of loft conversions dates back to the 1970s when artists and bohemians started repurposing old industrial spaces into live-work units. These early loft conversions set the stage for the development of Toronto's most storied loft buildings that have since been converted into loft condos. In this article, we will explore the history of some of Toronto's most iconic loft buildings and their transformation into sought-after residential spaces.

The Candy Factory Lofts

Located in the Trinity-Bellwoods neighbourhood, the Candy Factory Lofts were once home to the Ce De Candy Company. The building was constructed in the early 1900s and underwent a major renovation in the 1990s to transform the space into 121 residential units.

The Candy Factory Lofts are known for their stunning brick and beam architecture, high ceilings, and large windows that offer stunning views of the city. The building's conversion into loft condos preserved many of the original features, including exposed brick walls, concrete floors, and massive wooden beams.

Today, the Candy Factory Lofts remain one of Toronto's most sought-after residential buildings, known for its unique character and prime location.

The Toy Factory Lofts

Originally built in 1910, the Toy Factory Lofts were once home to the Irwin Toy Company. The building underwent a major renovation in the 2000s, transforming the space into 215 residential units while preserving many of the building's original features.

The Toy Factory Lofts are known for their spacious layouts, exposed brick and timber, and large industrial-style windows that offer stunning views of the city. The building's conversion into loft condos also included the addition of modern amenities such as a rooftop terrace, fitness centre, and underground parking.

Located in the trendy Liberty Village neighbourhood, the Toy Factory Lofts have become a popular choice for young professionals looking for a unique and stylish place to call home.

The Garment Factory Lofts

Built in 1929, the Garment Factory Lofts were once home to the Spadina Knitting Mill. The building underwent a major renovation in the early 2000s, transforming the space into 150 residential units while preserving many of the building's original features.

The Garment Factory Lofts are known for their stunning brick and beam architecture, soaring ceilings, and large windows that offer abundant natural light. The building's conversion into loft condos also included the addition of modern amenities such as a fitness centre, rooftop terrace, and underground parking.

Located in the heart of Leslieville, the Garment Factory Lofts have become a popular choice for those looking for a unique living space in one of Toronto's most vibrant neighbourhoods.

The Imperial Lofts

Originally built in the early 1900s, the Imperial Lofts were once home to the Imperial Optical Company. The building underwent a major renovation in the 1990s, transforming the space into 65 residential units while preserving many of the building's original features.

The Imperial Lofts are known for their stunning brick and timber architecture, soaring ceilings, and massive industrial-style windows that offer stunning views of the city. The building's conversion into loft condos also included the addition of modern amenities such as a fitness centre, rooftop terrace, and underground parking.

Located in the historic St. Lawrence Market neighbourhood, the Imperial Lofts have become a popular choice for those looking for a unique and stylish living space in one of Toronto's most iconic neighbourhoods.

The Merchandise Lofts

Originally built in 1949, the Merchandise Lofts were once home to the Simpson's department store warehouse. The building underwent a major renovation in the early 2000s, transforming the space into 478 residential units while preserving many of the building's original features.

Toronto's Tip Top Lofts building is a landmark structure that has played a significant role in the city's industrial and cultural history. Originally constructed in 1929, the building served as a manufacturing facility for the Canadian clothing company, the Tip Top Tailors. In the early 2000s, the building underwent a major renovation, transforming it into 256 residential units while preserving many of its original features. In this article, we will explore the history of the Tip Top Lofts building and its transformation into one of Toronto's most iconic loft conversions.

History of the Tip Top Tailors Company

The Tip Top Tailors Company was founded in 1909 by Robert Simpson, who opened his first store on Yonge Street in downtown Toronto. Over the years, the company grew in size and popularity, becoming one of Canada's leading retailers of men's clothing. By the 1920s, the company had outgrown its original location, and plans were made to build a new facility that would serve as the company's flagship location.

Construction of the Tip Top Lofts Building

In 1929, construction began on the new Tip Top Tailors manufacturing facility located on Lake Shore Boulevard in the city's west end. The building was designed by the prominent Toronto architecture firm, Chapman and Oxley, who were known for their work on several other notable Toronto landmarks, including the Imperial Bank of Commerce building and the Royal York Hotel.

The Tip Top Lofts building was designed in the Art Deco style, which was popular during the 1920s and 1930s. The building's exterior features a distinctive horizontal banding pattern and includes several ornate decorative elements, such as the terracotta medallions depicting various trades and industries.

The building's interior was designed to be a state-of-the-art manufacturing facility for the Tip Top Tailors Company. The building's expansive windows allowed natural light to flood the factory floor, providing a bright and airy workspace for the company's employees.

The Tip Top Tailors Company continued to operate in the building until the 1970s when it moved its manufacturing operations to a new facility outside of the city. The building was then used for various industrial purposes until it was purchased in the early 2000s by Context Development Inc., who saw the potential to transform the building into a unique residential space.

Transformation into the Tip Top Lofts

In the early 2000s, Context Development Inc. began the process of converting the Tip Top Lofts building into a residential space. The building's conversion was led by the prominent Toronto architecture firm, Quadrangle Architects, who worked closely with Context Development Inc. to preserve many of the building's original features while creating modern living spaces.

The Tip Top Lofts building was transformed into 256 residential units, ranging from studio apartments to multi-level penthouses. The building's conversion preserved many of its original features, including the expansive windows, exposed brick walls, and massive wooden beams. The building's Art Deco exterior was also restored to its original glory, including the terracotta medallions and decorative elements.

The building's conversion also included the addition of modern amenities, such as a fitness centre, rooftop terrace, and underground parking. The rooftop terrace, which offers stunning views of Lake Ontario and the Toronto skyline, has become one of the building's most popular features.

The Tip Top Lofts building's conversion was completed in 2006 and quickly became one of Toronto's most sought-after residential spaces. The building's unique combination of historic character and modern amenities has attracted a diverse group of residents, from young professionals to retirees.

Imperial Lofts, located at 90 Sherbourne St in Toronto, is a historic building that has undergone several transformations over the years. Originally built as a factory in the early 1900s, the building was later converted into a warehouse before being transformed into the residential loft building that it is today. In this essay, we will discuss the history of Imperial Lofts at 90 Sherbourne St in Toronto.

Early History of the Building: The building that is now known as Imperial Lofts was originally built in the early 1900s as a factory for the Imperial Optical Company. The building was designed by noted architect E. J. Lennox, who was responsible for many of Toronto's most iconic buildings, including Casa Loma and Old City Hall.

The Imperial Optical Company was a major manufacturer of eyewear and optical instruments and was one of the largest employers in the area at the time. The factory produced a wide range of products, including eyeglasses, microscopes, telescopes, and binoculars.

Conversion to a Warehouse: In the 1950s, the Imperial Optical Company moved its operations to a new facility and the building at 90 Sherbourne St was converted into a warehouse. The building was used to store a variety of goods, including textiles, furniture, and household appliances.

During this time, the building underwent several renovations and modifications to accommodate its new use as a warehouse. Many of the original architectural features were removed or covered up, including the large arched windows that had been a signature feature of the building's design.

Conversion to Residential Lofts: In the 1990s, a new trend emerged in Toronto's real estate market - the conversion of old industrial buildings into residential lofts. The building at 90 Sherbourne St was an ideal candidate for this type of transformation, due to its large size, unique design, and central location.

The building was purchased by a developer in the late 1990s and underwent a major renovation to transform it into a residential loft building. The renovation involved restoring many of the building's original architectural features, including the large arched windows and exposed brick walls.

The resulting building, known as Imperial Lofts, featured 65 loft-style units with high ceilings, large windows, and industrial design features. The building also included several amenities, including a rooftop terrace, fitness center, and party room.

Impact of Imperial Lofts: The conversion of the building at 90 Sherbourne St into Imperial Lofts had a significant impact on the surrounding area. It helped to revitalize a formerly underutilized building and transformed it into a desirable residential living space. The trend towards loft conversions also helped to drive up property values in the area, which attracted more investment and development.

Imperial Lofts also helped to preserve an important piece of Toronto's architectural history. The building's restoration and transformation into residential lofts allowed many of its original design features to be saved and showcased.

The building's location in the St. Lawrence neighborhood of Toronto also helped to contribute to the area's ongoing revitalization. The St. Lawrence neighborhood is a historic area that has undergone significant changes in recent years, with new development and investment helping to transform the area into a vibrant and diverse community.

The history of Imperial Lofts at 90 Sherbourne St in Toronto is a fascinating example of how a historic building can be transformed and repurposed for modern use. From its early days as a factory for the Imperial Optical Company to its current status as a desirable residential loft building, the building has undergone several transformations over the years. The building's restoration and conversion into residential lofts helped to preserve an important piece of Toronto's architectural history and contributed to the ongoing revitalization of the surrounding area.

January, February, March 2023 - Loft selling prices in Toronto:

• 66 Portland St: $399,000.00
• 109 Wolseley St: $579,999.00
• 1029 King St W: $588,000.00
• 284 St Helen's Ave: $599,000.00
• 400 Wellington St W: $599,900.00
• 150 Sudbury St: $599,900.00
• 284 St Helens Ave: $600,000.00
• 25 Stafford St: $629,000.00
• 183 Dovercourt Rd: $629,000.00
• 111 Bathurst St: $639,900.00
• 5 Hanna Ave: $649,000.00
• 5 Hanna Ave: $649,900.00
• 5 Hanna Ave: $659,990.00
• 901 Queen St W: $698,998.00
• 23 Brant St: $699,900.00
• 637 Lake Shore Blvd W: $699,999.00
• 637 Lake Shore Blvd W: $749,000.00
• 25 Oxley St: $749,900.00
• 75 Portland St: $759,990.00
• 955 Queen St W: $769,000.00
• 38 Abell St: $779,000.00
• 954 King St W: $824,900.00
• 388 Richmond St W: $835,000.00
• 60 Bathurst St: $838,000.00
• 169 John St: $865,000.00
• 5 Hanna Ave: $885,900.00
• 43 Hanna Ave: $1,040,000.00
• 993 Queen St W: $1,250,000.00

The Candy Factory Lofts, located in Toronto’s West Queen West neighborhood, have become an iconic symbol of the city’s urban renewal and adaptive reuse movement. Originally built in the late 1800s, the building has a rich and varied history, reflecting the changing economic and social landscape of Toronto over the past century. In this essay, we will explore the fascinating history of the Candy Factory Lofts, from its origins as a confectionery factory to its current status as one of Toronto’s most sought-after residential buildings.

The Candy Factory Lofts building was originally constructed in 1907 by the Williams Candy Company, a local confectionery business that had been founded by Charles Williams in the late 1800s. The building was designed by noted architect David Roberts Jr., who was responsible for a number of prominent commercial and industrial buildings in Toronto at the time. The Candy Factory was an important part of the city’s thriving confectionery industry, which had been growing steadily since the mid-1800s.

The Candy Factory was a state-of-the-art facility at the time, with modern amenities like an elevator, electric lighting, and a sprinkler system. The factory produced a wide range of candy products, including chocolates, caramels, hard candies, and chewing gum. The Williams Candy Company was known for its high-quality products and innovative marketing strategies, which included creating customized candies for special occasions and events.

Throughout the early part of the 20th century, the Candy Factory continued to thrive, even as the confectionery industry in Toronto began to face increased competition from larger companies. In the 1930s, the building was sold to the Life Savers Company, which was founded in the United States in 1912 and had recently expanded into the Canadian market. Life Savers was known for its iconic circular candy mints, which had become a popular treat around the world.

Under Life Savers’ ownership, the Candy Factory was expanded and modernized, with new machinery and equipment installed to keep up with demand. The building’s distinctive red brick exterior was also painted white, giving it a new, more modern appearance. Life Savers continued to produce its popular candy mints at the Candy Factory for many years, until the 1960s when the company began to consolidate its operations and move towards more modern facilities.

After Life Savers moved out of the building, the Candy Factory was sold to a number of different companies over the years, including a warehouse and distribution center for pharmaceutical products and a printing company. However, by the 1990s, the building had fallen into disrepair, and the surrounding neighborhood had become run-down and neglected.

In the mid-1990s, the West Queen West neighborhood began to undergo a dramatic transformation, as artists, musicians, and creative professionals began to move into the area, attracted by the cheap rents and the vibrant, bohemian atmosphere. As the neighborhood began to gentrify, developers began to take notice of the Candy Factory building, recognizing its unique historical and architectural value.

In 2000, the building was purchased by the Vrancor Group, a local development company that specializes in adaptive reuse projects. Vrancor saw the potential in the Candy Factory building and decided to transform it into a mixed-use development, with commercial and residential units. The project was a massive undertaking, as the building had to be completely gutted and renovated, while still preserving many of its original architectural features and historical character.

Over the course of several years, the Candy Factory was transformed into a stunning residential complex, with 123 loft-style apartments, a rooftop terrace, and a range of modern amenities. 

Little Italy is a vibrant neighbourhood in Toronto, known for its lively streets, excellent food, and trendy bars. The area is a popular spot for those looking for unique and spacious living spaces, such as lofts. Here are some options for buying a loft in Little Italy.

Buying a New Loft

One option for buying a loft in Little Italy is to purchase a new construction unit. There are several new developments in the area that offer modern and stylish lofts. These units often come with high-end finishes, state-of-the-art appliances, and unique design features.

One of the most notable new developments in Little Italy is 109OZ. The building offers one and two-bedroom lofts with soaring ceilings, large windows, and open-concept layouts. The building features a rooftop terrace with stunning city views, a fitness centre, and a party room.

Another new development in Little Italy is 8 Gladstone. The building offers one and two-bedroom lofts with high ceilings, polished concrete floors, and stainless steel appliances. The building features a rooftop terrace with a BBQ area and a fitness centre.

Buying a Converted Loft

Another option for buying a loft in Little Italy is to purchase a converted loft in a heritage building. Many of the older buildings in the area have been converted into loft spaces, offering unique and spacious living areas with character and charm.

One notable converted loft building in Little Italy is the Candy Factory Lofts. The building was originally a candy factory and was converted into lofts in the late 1990s. The lofts feature exposed brick walls, high ceilings, and large windows. The building also features a rooftop terrace and a fitness centre.

Another converted loft building in Little Italy is the Robert Watson Lofts. The building was originally a candy factory and was converted into lofts in 2007. The lofts feature exposed brick walls, timber beams, and large windows. The building also features a rooftop terrace and a fitness centre.

Buying a Soft Loft

Soft lofts are a hybrid between a traditional loft and a modern condo. They offer loft-style living with modern amenities and finishes. Soft lofts are a popular option for those looking for a unique living space without the maintenance and upkeep that comes with a traditional loft.

One notable soft loft building in Little Italy is the Motif Lofts and Towns. The building offers one and two-bedroom lofts with high ceilings, large windows, and modern finishes. The building features a rooftop terrace with BBQs and stunning city views, a fitness centre, and a party room.

Another soft loft building in Little Italy is the Art Condos. The building offers one and two-bedroom lofts with open-concept layouts, high ceilings, and large windows. The building features a rooftop terrace with a hot tub and stunning city views, a fitness centre, and a party room.

Buying a Live/Work Loft

Live/work lofts are a popular option for those who run a business or work from home. These lofts offer a unique and spacious living area with a designated workspace. Many live/work lofts in Little Italy are located in heritage buildings and offer character and charm.

One notable live/work loft building in Little Italy is the Argyle Lofts. The building was originally a textile factory and was converted into lofts in 2009. The lofts feature high ceilings, large windows, and a designated workspace. The building also features a rooftop terrace and a fitness centre.

Another live/work loft building in Little Italy is the Brock Lofts. The building was originally a mattress factory and was converted into lofts in 2013. The lofts feature high ceilings, large windows, and a designated workspace. The building also features a rooftop terrace and a fitness centre.

When buying or selling a loft condo, details matter. Loft properties are often unique, unconventional spaces where layout, flow, and usability can vary dramatically from unit to unit. In a competitive urban market like Toronto, floor plans play a crucial role in helping buyers understand a property and helping sellers showcase its full potential. Whether the loft is a converted industrial hard loft or a modern soft loft, a clear and accurate floor plan can make the difference between a listing that attracts strong interest and one that gets overlooked. For buyers and sellers navigating this distinctive market, working with an experienced loft specialist like Scott Hanton ensures that these details are handled with expertise.

Loft condos differ from traditional condominiums in several important ways. Traditional condos often follow predictable layouts with clearly defined rooms and standardized dimensions. Loft condos, by contrast, frequently feature open-concept spaces, high ceilings, exposed brick, large windows, and flexible living areas. Because these features create unconventional living spaces, photos alone rarely provide enough information for a buyer to fully understand the layout. A professional floor plan bridges that gap by clearly illustrating the flow of the space.

For buyers, floor plans provide essential context. When browsing listings online, buyers typically scan photos quickly. However, photos can sometimes distort proportions or make it difficult to understand how one area connects to another. A well-designed floor plan allows buyers to see the entire layout at once. They can determine whether a unit has enough room for their furniture, whether the kitchen opens into the living area, or whether the bedroom offers sufficient privacy. In loft properties, where walls may be minimal and rooms may serve multiple functions, this clarity becomes even more important.

Floor plans are especially valuable when evaluating loft condos because of the architectural quirks that often define them. Hard lofts, which are converted from former factories, warehouses, or industrial buildings, may include irregular shapes, columns, mezzanines, or multi-level layouts. Without a floor plan, it can be difficult for buyers to visualize how these features affect day-to-day living. A clear diagram allows them to understand exactly how the space is organized.

Soft lofts present their own considerations. Although they are newer constructions designed to mimic the style of historic lofts, their layouts can still be quite diverse. Some soft lofts incorporate modern open concepts with flexible partitions, while others include unique architectural elements like lofted sleeping areas or double-height ceilings. Again, a floor plan helps buyers grasp these features quickly and confidently.

For sellers, floor plans serve as a powerful marketing tool. In today’s digital real estate environment, most buyers begin their search online. Listings compete for attention, and buyers often decide within seconds whether they want to explore a property further. Including a floor plan instantly signals professionalism and transparency. It shows buyers exactly what they’re getting and encourages them to imagine how they might use the space.

Floor plans also increase engagement with listings. Buyers spend more time reviewing listings that include visual information beyond photos. They may study the layout, imagine furniture placement, or compare the floor plan with other properties. This deeper engagement can translate into stronger interest, more showings, and ultimately better offers for the seller.

Another advantage of floor plans is that they help attract the right buyers. Because loft layouts vary widely, not every loft suits every buyer. Some buyers may prefer a fully open concept, while others may want more defined sleeping areas. By presenting the layout clearly from the beginning, a floor plan helps ensure that the people booking showings are genuinely interested in that particular type of space. This reduces wasted time and increases the likelihood of a successful transaction.

Of course, understanding and marketing loft layouts effectively requires specialized knowledge. This is where an experienced loft-focused real estate professional becomes invaluable. Scott Hanton has built a reputation as one of the city’s leading loft experts, with deep knowledge of both hard loft and soft loft properties. His expertise allows him to highlight the features that matter most to loft buyers, including layout, ceiling height, architectural elements, and building history.

For sellers, Scott ensures that every aspect of the listing—including the floor plan—is carefully designed to showcase the property’s strengths. He understands how loft buyers think and what information they look for when evaluating a space. By presenting accurate floor plans alongside professional photography and detailed descriptions, he helps listings stand out in a crowded marketplace.

For buyers, Scott’s knowledge of loft floor plans provides a significant advantage. He can quickly interpret layouts, point out possibilities for reconfiguring space, and help buyers envision how a loft might suit their lifestyle. Because he specializes in loft properties, he understands the nuances that general real estate agents may overlook.

Ultimately, buying or selling a loft condo is about more than square footage—it’s about how the space works. Floor plans reveal that story in a clear, visual way that photos alone cannot. In a dynamic market like Toronto, where loft properties attract discerning buyers, having this clarity can significantly improve the buying and selling experience.

With the guidance of a knowledgeable loft specialist like Scott Hanton, both buyers and sellers can navigate the process with confidence, ensuring that the unique character and functionality of every loft space are fully understood and appreciated.

For most of my adult life, I lived in the same old brick house in Riverdale. My husband and I bought it in the early 1980s when our kids were small and money was tight. Back then, the house felt enormous to us—three bedrooms, a big creaky staircase, a backyard that seemed to stretch forever. It was the perfect place to raise a family.

But time moves quietly and quickly at the same time.

The kids grew up, moved away, and built lives of their own. My husband passed away a few years ago. Suddenly, the big house that once felt full of energy felt very, very empty. I found myself closing off rooms I never used, wandering past old bedrooms filled with memories, and spending my weekends doing maintenance instead of enjoying life.

One afternoon, while wrestling with a stubborn lawn mower, I had a moment of clarity: this house had served its purpose. It was time for the next chapter.

The idea of downsizing terrified me at first. I had lived in that house for more than forty years. Selling it felt like letting go of a huge part of my life. But it also felt… strangely exciting.

I started browsing real estate listings online, mostly out of curiosity. That’s when I discovered something I had never really considered before: lofts.

Specifically, the beautiful industrial lofts scattered throughout Toronto.

The photos fascinated me. Exposed brick walls, soaring ceilings, giant factory windows, steel beams, polished concrete floors. They looked creative and vibrant—like the kind of homes artists and designers might live in. Certainly not the sort of place a retired school librarian in her seventies would end up.

Still, I couldn’t stop looking.

There was something about those spaces that felt alive. Youthful. Free. I imagined sunlight pouring through huge windows while I drank my morning coffee. I imagined hosting my grown children for dinner in a big open kitchen. I imagined finally living somewhere that felt modern and inspiring.

But every time I allowed myself to imagine it, a little voice in my head would say: Be realistic.

Those places were for younger people, I thought. Besides, the whole process of selling my house and navigating the condo market felt overwhelming.

That’s when a friend suggested I speak with Scott Hanton.

“He’s the loft guy,” she told me. “And he’s incredibly patient.”

From our very first conversation, Scott put me at ease. He didn’t rush me or pressure me into anything. Instead, he asked thoughtful questions—about my lifestyle, my worries, and even the emotional side of leaving a family home.

When I confessed my secret fascination with industrial lofts, I almost laughed at myself.

But Scott didn’t laugh at all.

“Why not?” he said with a smile. “Great design doesn’t have an age limit.”

That was the moment everything shifted.

Scott guided me through selling my house in Riverdale with incredible care. He understood how meaningful that home was to me and made sure the process felt respectful and smooth. When the house sold, I felt a mixture of sadness and excitement—but mostly excitement about what came next.

Then the real adventure began: loft hunting.

Scott showed me several properties across Toronto, patiently explaining the differences between hard lofts and soft lofts. Some were beautiful but too dark. Others had strange layouts that didn’t quite work for me.

Then one afternoon we walked into a converted factory building.

The moment I stepped inside the unit, I knew.

The ceilings were enormous—at least fourteen feet high. Sunlight poured through massive industrial windows. The original brick walls glowed warm and red. There were exposed ducts and wooden beams overhead that made the space feel authentic and historic.

And yet the space felt surprisingly calm and welcoming.

I walked slowly from one end of the loft to the other, imagining where my furniture would go. My dining table would fit perfectly near the windows. The living area felt cozy despite the openness. There was even a little nook that would make a perfect reading corner.

“This feels like me,” I said quietly.

Scott smiled.

What impressed me most was how honest he was throughout the process. He pointed out the pros, the quirks, and even a few minor downsides. There was never any pressure—just thoughtful guidance and expert knowledge.

When we made the offer and it was accepted, I felt a rush of excitement I hadn’t experienced in years.

Today, I wake up every morning in my beautiful industrial loft in Toronto. The sunlight streams through those big windows just like I imagined. My children love visiting, and my friends say the space feels like an art gallery mixed with a cozy home.

Sometimes I laugh thinking about how I once believed this kind of home wasn’t for someone like me.

The truth is, it was exactly what I needed.

Downsizing didn’t mean shrinking my life—it meant opening the door to something new.

And I truly don’t think I would have found this incredible place without the brilliant guidance of Scott Hanton, who helped me see that the perfect home can appear at any stage of life.

My partner and I used to spend Sunday mornings wandering different neighbourhoods in Toronto with coffee in hand, pointing at interesting buildings and imagining what it would be like to live inside them. We were first-time buyers, which meant we had big dreams… and a lot of questions.

From the beginning, we both agreed on one thing: we didn’t want a cookie-cutter condo.

We had rented a perfectly nice apartment for a few years, but it felt like every unit in the building looked exactly the same—low ceilings, narrow rooms, and the same identical kitchen layout on every floor. When we started talking about buying our first home, we kept coming back to the same idea.

“What if we found a warehouse loft?”

The more we looked into it, the more excited we became. We loved the character of converted industrial buildings—exposed brick, giant windows, steel beams, and those amazing open spaces that felt more like studios than apartments. A real warehouse condo seemed creative and bold, and it felt like the kind of home where you could truly make the space your own.

Of course, the challenge was figuring out how to actually buy one.

The loft market in Toronto is a world of its own. Some buildings were originally factories. Others were old warehouses or manufacturing spaces. Some had only a handful of units. Every place we looked at online seemed totally different.

We quickly realized we needed someone who really understood lofts.

That’s how we found Scott Hanton.

From our first conversation, Scott immediately understood what we were looking for. Instead of pushing us toward typical starter condos, he leaned into our vision.

“You’re loft people,” he said with a grin. “Let’s find you a real one.”

He explained the difference between hard lofts—authentic conversions of historic industrial buildings—and soft lofts, which are newer developments inspired by that aesthetic. We were fascinated. Suddenly the listings we had been browsing started to make a lot more sense.

Scott also helped us understand what made certain warehouse lofts special: original brickwork, timber beams, ceiling height, window size, and even the history of the building itself.

Soon we were touring properties across the city.

Some were interesting but too small. Others had character but awkward layouts. One had amazing brick walls but barely any natural light. Another had spectacular windows but felt strangely cramped.

Through every showing, Scott was patient and honest. He never rushed us or tried to convince us a place was perfect if it wasn’t. Instead, he helped us learn what we truly valued in a loft.

And then one evening, we walked into a converted warehouse that stopped us in our tracks.

The building itself had an incredible industrial presence—thick brick exterior, huge factory windows, and a history that stretched back nearly a century. But the moment we stepped inside the unit, we both just stared.

The ceilings were enormous.

Massive wooden beams stretched across the space. The original brick walls had been beautifully restored. Sunlight poured through oversized windows, casting warm light across polished concrete floors. The space was wide open, but somehow it still felt cozy and welcoming.

I remember whispering to my partner, “This is the one.”

What made the loft feel even more special was how flexible the layout was. There was plenty of room for a living area, dining space, and even a creative workspace where we could both work from home. Instead of squeezing our lives into a tight condo box, the space felt like it could grow with us.

Scott walked us through every detail—from the building’s history to the practical aspects of the condo itself. He pointed out features we might not have noticed, like the original structural columns and the clever way the kitchen had been integrated into the open design.

At the same time, he was refreshingly straightforward about the process ahead.

Buying your first home is emotional, and we definitely felt that. We were excited, nervous, and maybe a little overwhelmed. But Scott made the entire process feel manageable. He explained every step, answered every question, and helped us craft an offer that felt both smart and competitive.

When our offer was accepted, we were almost in disbelief.

We had started this journey thinking a warehouse loft might be a long-shot dream. Yet suddenly we were holding the keys to a spectacular industrial condo in Toronto.

Moving in was one of the most exciting weekends of our lives. Friends came over to help carry boxes, but they mostly ended up standing around admiring the space.

“Wait… this is your place?” someone kept saying.

Now, months later, the loft truly feels like home. We’ve filled the open space with plants, art, and furniture that fits the scale of the room. Sunlight floods the living area every afternoon, and those giant warehouse windows make the entire place glow.

Sometimes we still pause and look around, amazed that we actually live here.

Buying our first home could have been stressful and confusing. Instead, it became one of the most exciting experiences we’ve ever had—largely because of the expertise and guidance of Scott Hanton.

He didn’t just help us buy a condo.

He helped us find the warehouse loft we had always imagined calling home. 🏙️

Toronto’s condominium market has undergone a significant shift since its peak during the pandemic-era housing boom. Rising interest rates, investor pullback, and a surge of newly completed units have cooled demand across the sector. Yet within this broader downturn, not all condominium types behave the same way. A particularly interesting comparison is between generic condo apartments—often small, investor-oriented units—and loft condos, including warehouse conversions, hard lofts, and soft lofts. While lofts are not immune to market cycles, their rarity, architectural character, and larger layouts often influence how they hold value relative to the broader condo market in Toronto.

To understand loft performance, it is important first to consider the wider condo market. Since 2022, Toronto’s condominium sector has experienced falling prices and weaker sales activity. By late 2025, the average condo price in the Greater Toronto Area had declined roughly 5–6% year over year, reflecting higher inventory and declining buyer confidence. 

The slowdown is also reflected in sales volume. Condo sales in 2024 and 2025 dropped sharply, with new condo transactions falling to their lowest levels in decades in some reports.  Meanwhile, inventory has surged, giving buyers significantly more negotiating power than they had during the market peak. 

Several structural factors have contributed to this shift. Higher mortgage rates have reduced affordability for first-time buyers, while many investors who previously purchased small units for rental income have become more cautious. At the same time, a wave of newly completed developments has added thousands of units to the market, increasing supply faster than demand. 

As a result, many generic condo units—especially small one-bedroom investor-style units—have experienced the most pressure on prices.

One of the underlying issues in Toronto’s condo market is the type of product that has been built over the past decade. Developers often prioritized smaller units designed primarily for investors rather than long-term residents. Many of these condos measure under 600 square feet and emphasize efficiency over livability.

In recent market conditions, buyers have begun prioritizing larger and more functional spaces. Market data from 2025 indicates that while overall condo sales declined, demand for larger units—particularly those above 1,000 square feet—held up better than sales of smaller units. 

This shift in buyer preferences has indirectly benefited loft-style properties, which typically offer more generous square footage and open layouts.

Lofts represent a niche segment of Toronto’s housing market. The city has approximately 150 loft buildings, many of them former factories or warehouses converted into residential spaces. 

These properties are typically divided into two main categories:

• Hard lofts, which are authentic conversions of industrial buildings such as factories or warehouses.
   
• Soft lofts, which are newer buildings designed to mimic the industrial aesthetic with high ceilings and open layouts.
   

Because hard loft conversions are limited by the supply of historic industrial buildings, they tend to be relatively scarce. This limited supply is one factor that helps stabilize their value compared to mass-produced condo developments.

One of the most important reasons lofts often hold value better than generic condos is scarcity. Thousands of new condo units can be built each year, but the number of authentic warehouse conversions is fixed. Once a historic factory has been converted, there are no more similar buildings to redevelop.

Architectural character also plays a role. Hard lofts often feature elements rarely found in conventional condos, including exposed brick, timber beams, steel columns, and large factory windows. These features create a distinctive aesthetic that appeals to a specific segment of buyers.

In real estate markets, uniqueness often supports pricing resilience. When a property type cannot be easily replicated, it is less vulnerable to the oversupply problems that affect standardized developments.

Another advantage lofts have in the current market is size. Many loft units offer significantly more space than typical modern condos, often ranging from 800 to over 1,500 square feet.

This larger footprint aligns well with evolving buyer preferences. After the COVID-19 pandemic and the growth of remote work, many urban buyers began prioritizing flexible living spaces that can accommodate home offices, creative studios, or larger living areas.

In contrast, smaller investor-oriented units often struggle to meet these needs. As a result, properties offering more adaptable layouts—such as lofts—can attract a wider range of end users rather than just investors.

Despite their advantages, lofts are not immune to broader market forces. Data from loft listings suggests that the median loft sale price in Toronto has also softened in recent years, with some estimates indicating a year-over-year decline of about 6.5%. 

This decline is broadly consistent with the overall condo market slowdown. When mortgage rates rise and buyers become cautious, almost all housing segments feel some impact.

However, the difference lies in relative performance. While generic condo units face competition from thousands of similar listings, each loft property tends to be more distinctive. This uniqueness can limit the degree of price compression compared to highly standardized units.

Looking forward, the future performance of loft condos relative to generic condo stock will likely depend on several factors. Interest rate trends, population growth, and housing supply will all influence Toronto’s housing market.

Yet several structural advantages suggest lofts may remain resilient over the long term. Limited supply, strong architectural character, and increasing demand for larger and more flexible living spaces all support their appeal.

While generic condo units may experience cycles of oversupply and price volatility, lofts occupy a specialized niche that appeals to lifestyle-driven buyers rather than purely investment-focused purchasers.

The recent downturn in Toronto’s condo market has exposed the differences between mass-produced condo units and more unique property types. Generic investor-focused condos have faced the most significant pressure due to oversupply, declining investor demand, and changing buyer preferences.

Loft condos—including hard loft conversions and modern soft lofts—have also experienced market adjustments, but their rarity, distinctive architecture, and larger layouts often provide some protection against the broader volatility affecting standard condo stock.

In a city as dynamic as Toronto, these differences highlight an important reality: not all condos are created equal. Property type, design, and scarcity can play a major role in determining how well real estate holds value during shifting market conditions.