What a trend this form of housing seems to be, an inner city life style that has taken root.
It seems they are converting everything these days, nothing seems to be sacred or over looked.
Conversions of old factory buildings , old office buildings to historic church buildings.
Since the early 1990s City of Toronto seems to have” gone conversion crazy” turning every manner
of historic building into modern living spaces.
( Post Newspaper November 2010, article; New Loft a religious experience )
A sample of the properties in Toronto that have become a Loft/Condo address ;
The Abbey Loft project, a century old church with neo-Gothic architecture in a central location.
The penthouse with 25 foot ceilings, 2500 square feet is asking $ 1.5 million Cdn.
In North Toronto , Yonge Street + Blythwood area , a Loft/Condo ; 2500 sf asking $ 1.695 million Cdn.
In Yorkville, Avenue Road + Bloor , a Loft/Condo : 3,000 sf asking price $2,295,000 Cdn. [$765psf approx]
In the Bayview + Lawrence area, a Condo : 3,000 sf asking price $2,250,000 [$750psf approx]
Top end of Toronto, a Condo : 3,000 sf asking price $ 2,200,000 Cdn. [ $733psf approx]
There are many more; the Tip Top lofts, the Factory lofts, Glebe lofts – to name but a few .
Fashionable, modern-living within an urban area in historic buildings lofts/condos an alternative life style.
What’s the next trend you see coming in real estate ?
Let’s discuss it at www.yinvestthinktank.blogspot.com
Twitter : EnvoyCapRealty
Envoy Capitol Realty Inc., brokerage Toronto / Canada
Buy/Sell/Lease/Manage/Develop/Syndication … Investments
Norair Yeretsian , broker of record
email ; capitalmoves@gmail.com
Nor Yeretsian [ Facebook ] November 3,2010
Yeretsianonrealestateinvesting's Blog 