Midtown Toronto is one of the city’s most popular condo communities and positioned for further growth with a flurry of new, mixed-use developments, not to mention a swank new transit hub. In fact, it was named the #1 neighbourhood to live in Toronto in 2015 by Toronto Life.
But Midtown isn’t a region one typically thinks of when it comes to shopping for Toronto lofts for sale. West End, East End, Downtown? Sure, there are a slew of amazing Toronto lofts in these areas. But Midtown Toronto has always been more associated with older (albeit, often very elegant) apartments for rent and slick, new Toronto condos.
There are however a handful of stunning lofts in Toronto Midtown. We’re taking you through our favourites today, on a variety of budgets. Now, we’re cheating a little and using the traditional definition of Midtown which is north of Bloor to Lawrence Avenue, between Bayview Avenue in the east and Ossington / Oakwood Avenue in the west.
To be fair, most people today don’t think of Rosedale or the Annex as Midtown and so the unofficial southern border has drifted closer to Eglinton. But for today, let’s be traditionalists and look at the best loft options in what’s traditionally been referred to as Midtown Toronto.
This heritage building at 385 Brunswick Avenue is one of our favourite Toronto Lofts. The Loretto Lofts was originally the Loretto Abbey Day School, designed in the Beaux-Arts style by architect Neil G. Beggs in 1914 and converted into residential lofts in 2007.
While it contains 50 units, complete with 13 townhomes located around back, it's low-rise stature (it's just five storeys) keeps the building feeling intimate and home-y. The interiors are simple but classy and the best features are the lovely, landscaped courtyard and underground parking - a rare luxury for hard loft owners.
We’ve sung the praises of the Madison Avenue lofts before in this previous blog post. So we’ll keep it short here. If you’re looking for a stylish, hard loft in Midtown that’s also minutes to downtown, this one’s for you. You’ll boast an address at 380 MacPherson Avenue, just minutes to Casa Loma, along with a solid investment – units in this building appreciated well above average last year at +13.4% on average.
Converted into an Art Deco style, residential building in 2009, this former Toronto Hydro storage building is full of charm and history. 14ft ceilings, exposed duct-work and stylish finishes are just the start of a long list of reasons why the Madison Avenue Lofts are one of our favourite Toronto lofts and a building we often recommend to our clients.
The School House Lofts is a truly exceptional conversion. Located on Brunswick Avenue just north of Bloor, this is the former Loretto College – a private girl’s school - dating back to 1914. With only 19 units and a prestigious Annex address, it’s probably no surprise that these aren’t typically starter units for first time buyers. But you may be surprised at the value you’ll find here from a cost per square foot perspective.
This is one of the only authentic lofts in Toronto where prices have gone down over the years. This shouldn’t scare you off from an investment perspective though. Initial buyers overpaid and so the building’s seen some course correction over the years. But we think that prices will start to edge back up from the 2015 average of $591/sqft.
The units are well designed and finished but not as edgy or swank as some other loft buildings in this price range but because of that, you’re likely to get more square footage for your buck here. Plus, a really stunning exterior and intimate, boutique building. There’s actually a unit on the market as of date of publishing, asking $899,900. See listing for Unit 103.
If money were no object, this loft would be on our list of potential new homes. This boutique building of just seven units holds some of the best lofts in Toronto, located near Bedford Road and Dupont, next door to the Loretto Lofts. With so few residences, listings very rarely come up here but Unit 202, pictured here, is currently for rent.
One of the greatest things about the Dupont Lofts is that they feature some of the best finishes that we’ve ever seen from any developer. As well, the vibe here is really laid back and so although it’s only accessible to a $2M+ buyer (bear in mind the SMALLEST suite is 2,237 sqft), it’s not stuffy or stodgy – this is laid-back loft living at its best.
Another high-end market gem – this one near Yonge & St Clair - the Macpherson Church Lofts, pictured here and in our lead image, hold just five, multi-level luxury lofts over 2,100 sqft. Whether it’s the fireplaces and private terraces or the ornate wooden staircases and large, Gothic-style arched windows, every turn of the corner here holds a new conversation piece.
It’s probably not surprising that listings hardly ever come up here. When they do, this is definitely a “forever home” purchase. The last sale in 2015 went for over $3.5M but if you have the money, you won’t be disappointed given that these are some of the most unique and elegant spaces we’ve ever seen.
One more Midtown church loft for good measure... The St. George Lofts at 65 Sheldrake in coveted Lawrence Park feature 33 suites and a beautiful limestone and brick façade. These lofts feature cathedral ceilings, floor-to-ceiling windows, hardwood floors and in some units, stained glass and are a short stroll to the popular walking trails of Blythwood Ravine.