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    245 Perth Avenue & 243 Perth Avenue

    2for Sale
    1for Rent

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    3
    Number of Units:
    39
    Condo Completion:
    2017
    Condo Demand:
    High
    Unit Size Range:
    521 - 1,883 SQFT
    Unit Availability:
    Low

    Listing History for Arch Lofts

    Receive listing updates for Dovercourt | Wallace Emerson-Junction

    Amenities

    Gym Room
    Visitor Parking
    Security System
    Bike Storage
    Party Room
    BBQs Allowed

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 245 Perth AvenueArch Lofts

    The lofts at 243 Perth Avenue have changed several times, in both name and function, over the years. Originally built in 1913, the structure first housed the Perth Avenue Methodist Church, before becoming Seventh Day Adventist. Today, the building is in the process of being transformed into the Arch Lofts. But even before 243 Perth Avenue was destined to become the Arch Lofts, it was advertised, and even sold, as the Union Lofts.

    Windmill Development Group Ltd. And Cornerstone Lofts Ltd. actually began work on the building’s conversion into residences a few years back. The hard lofts were slated for completion November 2014, but as construction sometimes doesn’t go as smoothly as planned, they will now be ready for move-in mid 2017.

    So while the name and the date have changed, one thing hasn’t: these hard lofts are located within a 100-year-old heritage building in downtown Toronto. Regardless of setbacks, then, the Arch Lofts is one of only a handful of distinctive church-to-loft conversions in the city.

    A contemporary low-rise addition is also part of the site, best suited for those who favour the modern over the historical. With the old juxtaposing so ingeniously with the new, the loft epitomizes the current state of Toronto as a whole. Yet another nod to one of Toronto’s favoured modes of transportation is the ample bicycle parking available at 243 Perth Avenue.

    The Suites

    As previously mentioned, some of the units are located in the original church structure, while others are contained by a new, 4 storey addition. Together, 40 units make up the mixture of hard and soft lofts at 243 Perth Avenue, and for this reason, Toronto condos for sale in this building can be a rare find.

    The suites at the Union Lofts also range in size and style. The smallest homes available here offer around 550 square feet of living space, while larger lofts reach to approximately 1,200 square feet. A number of the Arch Lofts contain one bedroom, while others boast either two or three.

    Private outdoor spaces are aplenty at 243 Perth Avenue, as most units feature either balconies or terraces. Kitchens are meticulously designed by Scavolini, while engineered hardwood floors are also found throughout.

    The Neighbourhood

    The Arch Lofts is located in the Dovercourt & Wallace Emerson-Junction neighbourhood, an under-the-radar area where streets are more likely to be filled with dog-walking neighbours than map-wielding tourists. And although the two are not so far apart, this neighbourhood is not to be confused with the nearby Junction.

    Dovercourt & Wallace Emerson-Junction is centred around Bloor West, Dupont, Dundas West, and Lansdowne Avenue, as far as major roads go. A triangle is actually formed by railroad tracks that cordon off the area: the Canadian National Railway, the Canadian Pacific Railway, and the Metrolinx Go Transit Barrie line.

    The formerly industrial area is now more creative in nature. A number of independent galleries can be found in the neighbourhood, and Toronto’s very own Museum of Contemporary Art is even moving into the Tower Automotive Building on Sterling Road.

    Transportation

    Although these lofts are set slightly west of the true downtown core, residents are still within walking distance of not one, but two subway stations. Lansdowne Station is a 12-minute walk away, and will be the route of choice for those heading east, toward the city centre. Just one stop to the west, and only 10 minutes away on foot, is Dundas West Station.

    The Bloor GO/UP station is also a short walk away from 243 Perth Avenue, where international travelers can access the UP service to Pearson International Airport. This means that Pearson is only 25 minutes away — and that’s without a car.

    For those with wheels of their own, the Gardiner Expressway can be reached via Jameson Avenue, for fast-paced travel along the southern edge of the city. Otherwise, Bloor, Dupont, Lansdowne, and Dundas are the major roads that best service the Arch Lofts.

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    2

    Listings For Sale

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    Explore Dovercourt | Wallace Emerson-Junction

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar lofts

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    6,528
    Average Individual Income
    $61,552
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $106,287
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    22%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    41%
    High Rise Apartment
    27%
    Semi Detached
    23%
    Duplex
    4%
    Low Rise Apartment
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Mandarin
    12%
    Cantonese
    12%
    Other
    10%
    Tagalog
    3%
    Tamil
    2%
    Arabic
    1%
    Armenian
    1%
    Education
    University and Above
    33%
    High School
    25%
    College
    16%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    21%
    Health & Related Fields
    13%
    Social Sciences
    10%
    Humanities
    8%
    Math & Computer Sciences
    6%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%

    Maintenance Fees

    Arch Lofts vs The Dovercourt | Wallace Emerson-Junction Area

    Days on Strata

    Units at Arch Lofts spend an average of
    2
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    1%
    above
    the list price.

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Dovercourt | Wallace Emerson-Junction

    Turnover of Units

    On average, each unit is owned for
    5.4
    YEARS before being sold again

    Property Value

    18%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 40 condos in the Dovercourt | Wallace Emerson-Junction area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Arch Lofts offers the
    ?
    best value out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    Appreciation Rank

    Arch Lofts has the
    ?
    highest ROI out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    Rental Yield

    Arch Lofts yields the
    ?
    highest rent prices out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    High Demand

    Arch Lofts is the
    ?
    most popular building out of 40 condos in the Dovercourt | Wallace Emerson-Junction neighbourhood

    Transaction Insights at 245 Perth Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo DataNo Data$1,200,000No DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo Data$1,077No DataNo Data
    Avg. Wait for Unit Availability207 Days531 Days421 Days1154 DaysNo Data1171 Days
    Ratio of Units in Building59%14%16%5%5%5%

    Unit Sales vs Inventory

    Total number of units listed and sold in Dovercourt | Wallace Emerson-Junction