At first, I was going to call this article “The Cheapest Lofts in Toronto.” The word “cheap”, however, does these lofts an injustice. They are not the run-down or dilapidated homes that the word “cheap” implies.
These lofts are architecturally-stunning spaces that feature open concept floorplans, large windows and high end interior finishes. They are more affordable than other lofts in Toronto because of their locations.
For lofts in Toronto’s downtown core, you can easily pay $500 to $650 per square foot. To find a more affordable loft, you need to look at locations in up and coming areas.
Buying a loft in an area undergoing gentrification is also ideal if you want your purchase to appreciate in value (see Why Lofts Make For Strong Investments). Corktown, Leslieville and Parkdale are all examples of up and coming neighbourhoods.
By choosing your location wisely, you can get more square footage for your budget. You’ll get more bang for your buck without buying “less” of a loft.
It’s worth nothing that there are exceptions. In my opinion, the Tribeca Lofts are low in price and low in quality. I’ve included it on LoftHunting.ca because it is an authentic hard loft conversion, but I think it lacks much of the character and charm of other affordable lofts in Toronto.
In comparison, the Upper Beaches Lofts are much nicer and still affordable. The Foundry Lofts are perhaps the most stunning of all with 19” ceilings and original exposed brick walls.
All of the lofts on this lift cost less than $450 per square foot. That means, an 800 square foot loft would cost:
- $200,000 at $250 per square foot
- $240,000 at $300 per square foot
- $280,000 at $350 per square foot
- $320,000 at $400 per square foot
- $360,000 at $450 per square foot
- $400,000 at $500 per square foot
I hope you’ve found this article to be informative! With years of experience in the Toronto loft market, I know which lofts offer the best value.
Keep reading to see my list of The Most Affordable Lofts in Toronto. To view the loft profiles, click on the name below.
To view The Most Expensive Luxury Lofts in Toronto, click here.
The Most Affordable Lofts in Toronto
Tribeca Lofts - 797 Don Mills Rd = $240 per sq ft
Studio one Lofts - 121 Prescott = $288 per sq ft
Upper Beaches Lofts - 214 Main St = $304 per sq ft
Forrest Hill Lofts - 1001 Roselawn Ave = $305 per sq ft
The Foundry Lofts - 1100 Lansdowne Ave = $322 per sq ft
Century Lofts - 365 Dundas St. E = $324 per sq ft
Chelsea Lofts - 1375 Dupont St = $333 per sq ft
West Village Lofts - 550 Hopewell = $336 per sq ft
The Lofts on Sorauren - 347 Sorauren Ave = $370 per sq ft
Have any questions about Lofts in Toronto? Call me at 647-637-6396 or write an email. I’d be happy to help out!
Robert Van Rhijn
