Lofts For Sale in The Annex
About The Annex's Lofts For Sale
This is The Annex, a neighbourhood in the city of Toronto with 11 Loft buildings with condos for sale. Loft condos for sale in The Annex spend an average of 43 days on market with an average sale price of $1,289,879 in 2020. 17 Loft condo units were sold in The Annex last year. Residences of Designers Walk had the highest Dork Rating, 566, for a Loft condo building in The Annex in 2020.
The Loretto in The Annex was the most active Loft condo building in 2020 with 3 units sold in The Annex. The Loft condo building in The Annex with the highest average price per sqft last year was 277 Davenport at $1,715 per sqft.
If you're looking for more Loft condo buildings in this area, the neighbourhoods Rathnelly and South Hill are nearby. This neighbourhood is a Biker's Paradise with a bike score of 100. a Rider's Paradise is available in The Annex. The Annex is a Walker's Paradise with a walk score of 93.
About The Annex's Hard Lofts For Sale
An authentic hard Loft is a rare beast. Lofts in Toronto are in short supply due to the nature of their origin. In order to fit this category, a former industrial or commercial use space must be converted into a residential living space. Out of this formula, some common elements arise. Old, often exposed brick, visible mechanical elements of the building such as pipes and beams, large windows and vaulted ceilings. The latter is the element from which a Loft derives its name. A lofted ceiling that allows a living space to feel much larger than the square footage of the floor plan. Ceiling heights from 11 to16 ft are common. There are no rules regarding whether or not a Loft includes separate bedrooms. There may be no separation at all. Partition walls at less than ceiling height may be present or a second floor with partial walls or overlooks can be found. These are usually seen in units where the ceiling height is generous enough to allow room for a partial second floor. The conversion of these commercial buildings is one-offs. Often what makes them stand out are the singular elements associated with that particular building. Some will feature 100 yr old flooring, the wide beams and large nails that made up the factory floors of the day. Others may be touted for the uniqueness of the brick used to construct the building or the shape and style of the stonework. Window style will also be particular to each building, with original glass and frames, shape and size all contributing to the style of the Lofts in Toronto. Of special interest, will be the history of the building. The story that these conversions tell is almost as important as the design in conveying the style of the home. The original use, any subsequent commercial conversions and the date of the original construction, all contribute to setting the buildings apart. All of these factors naturally limit the height of the buildings, but not necessarily the amenities. There are hard Lofts that also include common areas, fitness rooms and shared rooftop spaces. Of particular interest are buildings that have been reclaimed from the public domain such as schools and churches. The other criteria that must be filled are the location. While this applies to every home and business, the trick with hard Lofts is there must be underutilized or vacant industrial space near to an urban centre. Simply converting a vacant factory in the middle of nowhere, doesn't have much appeal. Look for office, commercial and retail conversion as live workspaces to fill the gap in demand. It is also important to note the distinction between living spaces and those designated for mixed-use, as this adds volume to the available Hard Loft category. Those with dual zoning are sometimes listed as artists' spaces or live-work units. Both styles are more likely to be found in urban centres with high foot traffic. The price tag associated with these one-of-a-kind Lofts in Toronto is not often congruent with the artist's label they may receive. In some cities, this was born of the use of buildings that could house projects but were not necessarily converted to living spaces. In the past, inexpensive, unused industrial space was a great fit for artists. Necessities like plumbing and heat were ignored in favour of the affordability. City zoning and housing laws will play a large part in determining what's on offer for Hard Lofts today. Each city will determine what constitutes a space fit for living, and where inhabitants are allowed to offer commercial services from their residence.
About The Annex's Soft Lofts For Sale
Soft Lofts are new builds designed to offer the space and style of a hard Loft. The demand for hard Lofts far exceeds availability and the costs associated with these one-of-a-kind spaces, place them out of reach for many buyers. Here is where the soft Loft comes to life. Builders, eager to fill the demand for open-concept spaces, adopted the term Loftand applied it to units which outside of the conversion elements, fit the design and style criteria of a Loft. More commonly found in low and mid-rise buildings, upper floors in high rise buildings may also have units that have been given a soft Loft treatment. The popularity of the soft Loft is growing along with the demand for higher ceilings, open floor plans and unique design elements. Luckily supply is high since the units are created with new builds, there is no limit on how many can hit a given market. However, due to the low supply hard Lofts are more likely to retain their value over time and suffer less vulnerability to market shifts. Expect to find a wide range of styles. Many units will mimic hard Loft design features, while the external building may be represented in a more modern style. Many of the architectural components in a Hard Loft may differ and so too do the elements of a soft Loft. The expanse of options can make choosing a soft Loft more difficult, the lower prices will surely ease that burden. You'll find completely open concept units, partially walled bedrooms and open concept overlooks sleeping quarters. Large windows will be easy to find feature as they lower the construction costs for the building. Soft Lofts may also still include features such as exposed brick, polished concrete floors, wood beams and other industrial elements. One of the biggest bonuses of soft Lofts is its inclusion in building projects that compete for the best amenities. New build condos have to offer a wide and exciting range of amenities to attract potential buyers. Finding a soft Loft in a building that also has the concierge, party rooms, pools, full-scale gym and rooftop BBQs is not uncommon. They are also not restricted by an existing structure. A soft Loft can be built into any design or building, offering more options for style and layout. Developers will sometimes use the mixing of these elements. They design multiple building complexes, combining condo units, soft Lofts and townhomes into a single project.
The Annex Condos For Sale
The lively condo neighbourhood of The Annex in Toronto has many great buildings to choose from with a total of 44 condo buildings. These include 13 Mid-Rise, 8 Pre-Construction, 12 Luxury, 14 High-Rise, 11 Loft and 17 Low-Rise. There are countless choices of condos for sale in The Annex to call home. Condos for sale in The Annex spend an average of 23 days on market. There were 203 condos sold in The Annex in 2020. The Annex saw an increase in the number of condos sold by 194% compared to the year before. Last year condos for sale in The Annex had an average sale price of $$1,743,721, an decrease of -2% from the year before. The Annex is a Walker's Paradise with a walk score of 93. This neighbourhood is a Biker's Paradise with a bike score of 100. a Rider's Paradise is available in The Annex. Rathnelly and Tarragon Village are nearby neighbourhoods.
Grab some fresh goodies at nearby bakery, Belle's Bakery. There are some great cafes in The Annex such as First & Last Coffee Shop, Ezra's Pound, and Creeds Coffee Bar. Do you enjoy being in the kitchen? Pick up groceries at Food Depot. Foodies won't be disappointed by the presence of Opus Restaurant. There is a surprising amount of green space with Vessel in The Annex. The Annex Snowdon Guardian Compounding Pharmacy and Shoppers Drug Mart are a short walk away as well. There is great shopping at Nissa art and antique. There are always new exhibits and events happening at TeodoraArt Gallery, Genua Gallery and Barbara Edwards Contemporary. Many gyms and fitness centers are popular with residents of The Annex. Some of these facilities are Ride Cycle Club and Shas Studio | Osteopathy | Yoga & Pilates | Nutrition in The Annex. Animal enthusiasts, good news Davenport Road Animal Hospital is in The Annex. The school in The Annex is Huron Street Junior Public School. There are many students in this neighbourhood as Ontario College of Pharmacists is located within it. The closest subway station is Dupont.
What to Expect
Home to the University of Toronto, the Annex houses the student population and those that teach them. Expect to find renowned Annex style houses, integrated green space and some of the city’s best residential architecture. The population of this central location is dense and diverse. Largely residential, the interior streetsof the Annex are lined with homes, and the upper floors of the commercial buildings are mainly used for housing. This stretch of Bloor offers plenty of services, restaurants and cultural centres. The majority of the commercial offerings are streetside in this excellent walking community. If you prefer the TTC there are frequent subway stops on Bloor and streetcar access on Bathurst and Spadina.
Demographics
The working age dominates this area with most residents between the ages of 24 and 34. The young, educated, pedestrian population of the university is mixed with the higher income professional and retiree. The average household income is roughly $85,000. This area of the city has less than half of the average number of families. Largely english speaking you can also find many Spanish, Italian and Chinese speakers. More seniors live with family than children but most homes have two adults. There are a large number of high rise buildings in the area.
Lifestyle
Modern architecture combines with historic elements to perfectly compliment the residents of the area. The vibrant shopping area on Bloor is aimed at the university students with affordable dining and countless services, all at street level for the avid pedestrians. The cyclist will be very comfortable here with service shops and many people biking to school and work. The Annex has plenty of coffee shops to start the day, or get some work done. The after school or work spots feature a good deal of patios. And, you can have fun well into the night at many pubs and live music venues like the iconic Lee’s Palace. Culture lover’s will be well covered by the ROM, the Bata shoe museum and the Royal Conservatory of Music. For wider green space you’ll need to venture a little past Avenue rd, or onto the University campus but there are fitness centres for recreation time and streets remain tree lined. Close to downtown and easy TTC access make this an ideal urban location for many.
What you'll love
The University. Right next to the campus, take advantage of the curriculum and the all of the recreation and supplemental activities. Everyone fits. This area has a diverse population with varied incomes, ages and nationalities. Walking everyday. Treed streets make the daily commute pleasant and the commercial strip is crammed with retail shops and services.The culture. There are museums, music halls and heritage centres. Don’t miss the Hot Docs cinema or the Native Canadian Centre of Toronto. You can also catch live sports at Varsity Stadium.Budget and splurge. There are many retail and restaurant spaces that cater to budget conscious students but this area is Yorkville adjacent and when the big day comes, there are brand name designer shops and upscale events.The Miles Nadal JCC. The Annex is a dream for the fitness enthusiast. But there are also smaller yoga studios and great health food stores. You can also take advantage of fitness and recreation on campus.
