A former Network Communications office building has been converted in 2008 into 205 hard lofts, ranging in size from just over 500 sq.ft. to approximately 1,760 sq.ft. Amenities include exercise room, whirlpool, sauna, yoga studio, party room, media room with home theatre system, guest suite, rooftop terrace with a BBQ area, 24-hr concierge and visitors parking.
One dog per suite is allowed, with no size restrictions. Loft units feature concrete ceilings with 10.5 feet ceiling heights.
A short walk to Kipling subway station, a park right next to the building, the ability to have a large dog, and a very reasonable unit prices make this hard loft building a good choice for first time buyers.
Train tracks immediately north-west of the building render that exposure a bit less attractive. Views to south-east and east are on a quiet, treed residential neighbourhood and Kenway Park.
First MLS sales were reported in 2010. 209 sales were recorded since the conversion:
2010
2011
2012
2013
2014
2015
2016
2017
Lofts sold
39
41
30
22
22
26
19
10
Avg. price
$307,683
$358,349
$411,480
$365,149
$378,836
$382,785
$430,521
$543,989
Low price
$215,500
$260,000
$241,000
$274,000
$253,000
$271,000
$260,000
$413,000
High price
$638,000
$650,000
$718,000
$675,000
$563,000
$706,000
$587,000
$801,000
The average sale to list price ratio since the beginning of 2017 was 110%. That ratio ranged between 99% and 128%.
If you are interested in this building, please e-mail
Marisha
