Toronto Loft Building Sales Stats:
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TYPES OF LOFTSHard Lofts: Conversions of old buildings into unique, unconventional living spaces. Soft Lofts: Newly built condos with loft-like characteristics eg: 2-storeys, higher ceilings, open concept, exposed ductwork and concrete features. Live/Work Lofts: Lofts which offer the flexibility of being used for residential or commercial purposes. Commercial restrictions often apply so call MrLOFT to discuss which buildings may best suit your needs. |
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GET THE BEST MORTGAGE RATE4yr fixed at 2.99% + $500 Towards Closing Cost. Right now we GUARANTEE TO BEAT ANY FIXED RATE. ASK US HOW. |
BUYERS:
Hire The Real LOFT Realtor - Toronto's #1 LOFT Selling Sales Representative*
| “ | For loft buyers and sellers, the benefits of hiring me or one of my team members are second to none. Unlike most realtors, who are familiar with only a fraction of Toronto's loft buildings, none know the buildings, the values, the layouts and the building nuances like we do. Buyers will quickly realize that knowledge is power when negotiating in this marketplace. |
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- Carl Langschmidt, |
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WHY BUY A LOFT?
Simply put, lofts are better investments. Basic economic principles of supply and demand protect your investment over mass market condos.
Use Google maps to find your dream loft. Check-out Toronto LOFTS for sale.
SELLERS:
Get the best exposure when selling. MrLOFT.ca generates more LOFT buyers than any other website in Toronto saving you commission and ensuring you get the best "Bang for your Buck". You'll also ensure you loft is priced and promoted by specialist who understand the loft market much better than a generalist realtor. Request a FREE no obligation loft value assessment and see the MrLOFT.ca difference. The MrLOFT.ca team has established numerous loft sale records. We market each loft as if it were our own and strive to achieve MAXIMUM returns. Call today for a no-obligation assessment of your lofts value.
Mortgage Centre
2012 LOFT Market Report
It's mid January and the real estate market is starting to heatup after the holidays. 2012 looks to be a great year as interest rates will remain low and attractive for the remainder of the year. With rates at historical lows buyers have no excuses. Do the math, these rates mean your paying a substantial amount of principal and renting does not make sense unless your living in moms basement. The Toronto Loft market is low on inventory which is typical for this time of year but product should start to hit the market over the coming months. As always buyers should touch base with the MrLOFT.ca Team and let us know your wish list as hot lofts are expected to get snapped up quicker and quicker with the lack of any new conversion hitting the market in 2012.
We are regularly asked about investing in pre-construction and as stated here before, while there are some great projects, great builders and great locations out there, buyers must be very careful not to exclude the fourth vital element of a savvy investment, which is the price point. As strange as it sounds, this can often be overlooked when buyers become mesmerized with sales centre surroundings, glossy floor-plans and partial percentage payment structures over a protracted period of time. Some projects are currently selling ‘off-plan’ at a price-per square-foot way beyond that which existing properties could be purchased for. The existing units of course have the distinct advantage of already being complete, they can be seen, touched and toured and do not carry the risk of development delays or issues, or design alterations. As with any investment, risk must be valued and represented fairly within pricing decisions. As such, we strongly advise anyone thinking of making an investment to get in touch with us for a conversation and let us help guide you through your various options.
As always, we are here to help. Don’t hesitate to reach out if you have any questions we can assist with.
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FEATURED LOFT BUILDINGS - 2009 SALES SUMMARY |
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Loft Name |
# 2009 Sales |
Avg 2009 Sale Price |
High 2009 Sale Price |
Low 2009 Sale Price |
Avg Days On Market |
Avg Area SQFT |
Avg $ per SQFT |
Highest $ per SQFT |
Lowest $ per SQFT |
|
8 |
$309,168 |
$415,000 |
$252,000 |
34 |
793 |
$397 |
$515 |
$317 |
|
|
34 |
$444,627 |
$720,000 |
$273,000 |
26 |
832 |
$540 |
$644 |
$419 |
|
|
6 |
$530,500 |
$645,000 |
$420,000 |
29 |
1,352 |
$392 |
$403 |
$378 |
|
|
14 |
$356,492 |
$470,000 |
$283,000 |
22 |
827 |
$435 |
$483 |
$355 |
|
|
23 |
$445,700 |
$740,000 |
$309,900 |
39 |
1,069 |
$417 |
$555 |
$343 |
|
|
6 |
$382,575 |
$498,000 |
$265,000 |
32 |
798 |
$491 |
$532 |
$434 |
|
|
43 |
$424,993 |
$715,000 |
$293,000 |
27 |
898 |
$474 |
$550 |
$398 |
|
|
18 |
$368,074 |
$575,000 |
$245,000 |
25 |
804 |
$466 |
$559 |
$394 |
|
|
45 |
$387,835 |
$795,000 |
$225,000 |
26 |
1,012 |
$400 |
$555 |
$287 |
|
|
9 |
$585,480 |
$800,000 |
$417,000 |
18 |
1,143 |
$513 |
$569 |
$417 |
|
|
8 |
$382,238 |
$529,900 |
$295,000 |
24 |
801 |
$480 |
$543 |
$424 |
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