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    3 Market Street

    Market Wharf
    3for Sale
    3for Rent

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    8
    Number of Units:
    105
    Condo Completion:
    2011
    Condo Demand:
    Low
    Unit Size Range:
    485 - 1,224 SQFT
    Unit Availability:
    Low

    Listing History for Market Wharf

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    Amenities

    Gym Room
    Sauna
    Party Room
    BBQs Allowed
    Visitor Parking
    Media Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 3 Market StreetMarket Wharf

    The name of the building at 3 Market Street is more than just a silly sounding phrase. Market Wharf actually offers prospective buyers a glimpse of what is to come, before even stepping inside the building. With two components, which includes Market Wharf II Lofts, the Market Wharf adds nearly 500 Toronto lofts to the neighbourhood.

    Just over 100 homes can be found in the 8 floors of red brick that comprise the base, or the “podium.” And while the obvious purpose here is providing a home for every lifestyle, the building is sure to humour millennial buyers especially. The objective of keeping its carbon footprint to a minimum means the footprints of residents are decreases too.

    A 3-tiered green roof, designed by landscape architect Scott Torrance, contains foliage and even vegetated walls. The space serves a functional purpose for both the environment and residents of 3 market Street — one such layer even features a large space for yoga, protected from the sun by a canopy of trees.

    The Suites

    Context Developments, the team behind the construction, ensured that the units within the Market Wharf could accommodate every type of urban living style. One option is a “Market Flat,” or a single-level unit that overlooks the St. Lawrence Market. Others may opt for a “Market Town,” with similar views from a two storey home with private terrace. Yet another option is one of the “Water Suites,” which span one level and peer out onto the lake and the rest of Toronto. Otherwise, there is always the surefire choice — a penthouse.

    These Toronto condos for sale are outfitted with anywhere from one to three bedrooms. The suites range in size from around 450 to 1,450 square feet. Larger units boast expansive terraces, many of which face the courtyard rather than the street, for a noise reduction effect. Those units with extra square footage to play around with also feature added perks such as walk-in closets and sprawling bedrooms.

    The homes are modern and sleek, with open concept layouts illuminated by natural sunlight pouring in through floor-to-ceiling windows. Industrial style elements are abundant as well, such as the concrete pillars that provide more than just structural support.

    The Neighbourhood

    Not only are they located in the heart of downtown Toronto, residents living at the Market Wharf are positioned within one of the most historical neighbourhoods in the city. In fact, the neighbourhood dates back to before Toronto was even known as Toronto. Prior to this, the area now housing the St. Lawrence Market and 3 market Street was called the Town of York.

    And adding a layer to its rich history, the St. Lawrence neighbourhood is also home to one of the world’s best food markets, according to National Geographic. The market was established in 1803, although the structure as it stands today consists of two buildings — the north built in 1968 and the south dating back to the mid 1800s.

    The market contains of over 200 vendors selling everything from freshly baked bagels, to peameal sandwiches, and of course locally sourced produce. On top of the edible treats found within St. Lawrence Market, the area is also home to a community centre, a performing arts theatre complex, and an art gallery.

    In addition to the market, residents can find provisions 24 hours a day at the Metro grocery store on Front Street. T&T on Cherry Street is a great source for Asian goods as well, and even hosts a waterfront night market each summer.

    For summertime entertainment, Lake Ontario and its various beaches are nearby, as well as St. James Park, which hosts weekly concerts and movie nights when the weather permits. Once the cold fronts start rolling in, the Rainbow Cinema at Market Square is a great place for an inexpensive date night. Alternatively, residents might want to spend an afternoon or evening indoors at the Sony Centre for the Performing Arts or the St. Lawrence Centre for the Performing Arts, both of which are right around the corner from the Market Wharf lofts.

    Transportation

    With its central downtown location, residents of the Market Wharf can easily travel about the city. Union Station can be reached on foot in only 10 minutes, from which travelers can access VIA Rail, GO Transit, the UP service to Pearson International Airport, as well as subway trains on the Yonge-University-Spadina line.

    Drivers can access the Gardiner Expressway in no time, from which they can ride around the southern edge of the city with ease, or transfer onto the 427 to the west or the Don Valley Parkway to the east for speedy north-south travel.

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    Explore St. Lawrence

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar lofts

    Demographics

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

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    Market Wharf vs The St. Lawrence Area

    Days on Strata

    Units at Market Wharf spend an average of
    48
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    2%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    7.1
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    Market Wharf offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    Market Wharf has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    Market Wharf yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    Market Wharf is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 3 Market Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$490,000No Data$1,060,000No Data
    Avg. Cost Per SqftNo Data$996No Data$1,219No Data
    Avg. Wait for Unit AvailabilityNo Data209 Days231 Days165 DaysNo Data
    Ratio of Units in Building4%39%28%30%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in St. Lawrence