So Tell me about Lofts!!!
There is a high level of selection when it comes to downtown condo living. What loft living offers is a high level of trendiness and style in the actual architecture and construction of the property.
There are basically two types of lofts in Toronto:
- Hard Conversions
- New Construction
Hard converstions are lofts which have been created out of a prior existing building. It is a form of "recycling" so to speak. Taking perhaps an old factory or warehouse and creating a functional living space for an abundance of people. Succesful examples in Toronto of hard conversions are the Candy Factory Lofts, Tip Top Lofts and Liberty Lofts ( a conversion of the old Gilette Razor Factory!!)
New construction lofts are newly created buildings which offer the architectual intricacies of a loft conversion but made in a new building. Examples include the Freed Developments in King West such as 550 Wellington and Six50 King as well as tonnes of others including 169 John which I myself have sold in. Interestingly, there are many converted lofts which also have a new part to them (for example Edge Lofts and The Printing Factory Lofts in Queen East).
Loft Architecture and finishes often include all or most of the following:
- Lofty Ceilings - 10 Ft. plus!!
- Ample Natural Light
- Exposed Concrete
- Exposed Brick Work
- Exposed Duct Work
- Reclaimed finishes
These features help to make for a trendy design element that differs from typical condos.
The one caveat to buying a loft is that most of the high level amenities and inclusions that you would find in a downtown high rise will be non existent. For example, owning in Cityplace, Waterclub, Waterpark City or any Tridel high-rise will include everything from Yoga Studios, to Movie Theatres to Olympic size pools and mega gyms. You won't typically find any of these in a loft. Many lofts will also not feature a concierge.
Instead what you will find is a more intimate setting where you're likely to know the other loft residents and typically... less maintenance fees because of the lesser amenities which you own part of!!!
Areas of loft concentrations are:
- King West
- Liberty Village
- Queen West
- Queen East
There are also many other Loft area in the city, but over 75% of the well known lofts are in the neighbourhoods mentioned above.
Lofts or Condos - Let's Talk!!!!