| If you're looking for one-stop loft shopping, consider spending $5 on Toronto LOFTS Realty's Pocket Loftmap. It features 13 loft projects, their location and a brief description of the sites.
Toronto LOFTS Realty specializes exclusively in the downtown loft market offering services to buyers, sellers, investors and developers.
Edwin Brdlik, broker/owner of the company, says there are over 100 loft properties in the city. “I saw a need for a map because lofts are often located in what they call transition areas. These areas aren't' generally in the typical tree-lined residential areas where most homes are located so lofts are a little more difficult to find.”
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Many people know the big name loft buildings such as the Merchandise Building, Wrigley Lofts and the Candy Factory. “But once you go beyond naming the top 10 and knowing where they are located, lofts change dramatically in size and people may drive by a project and not even know it,” he says.
Lofts make up 2.8 per cent of all condos sold in Toronto, compared to 2.5 per cent in 2001.
Toronto LOFTS' trends report for 2002 shows the average loft resale price jumped by 10 per cent to $270,000. The lowest sale price was $125,000 compared with $92,000 in 2001.
Meanwhile, top loft prices came closer to the $1 million mark in 2002. The most expensive resale loft in Toronto was a penthouse located in District Lofts at 388 Richmond St. West. It sold last spring for $912,000. More info at torontolofts.ca
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