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    289 Sumach Lofts

    289 Sumach Street

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    2
    Number of Units:
    10
    Condo Completion:
    1985
    Condo Demand:
    No Data
    Unit Size Range:
    850 - 2,082 SQFT
    Unit Availability:
    Low
    Property Management:
    No Data

    Listing History for 289 Sumach Lofts

    Amenities

    Bike Storage
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 289 Sumach Street289 Sumach Lofts

    Sometimes when the terms exclusive or intimate are used, they imply buildings that are just cozy enough for neighbours to recognize one another in the lobby. The 289 Sumach Lofts, however, is much more special than that.

    The entire building is broken up into only 10 Toronto lofts, and ones that also happen to sell extremely fast: one home that came up on the market in 2014 was sold within a mere 24 hours.

    The two-storey, Romanesque Revival building was constructed in 1890, and has since achieved a well-deserved heritage status. What is now a stunning hard loft conversion was originally home to the Ontario Medical College for Women, an institution with quite the history.

    This was the locale where women doctors were trained during turn of the century, after Dr. Emily Stowe established the College. Stowe also happens to be the first Canadian woman doctor (and also a suffragist). The college functioned until 1905, when women were finally allowed to study medicine at the University of Toronto, and from 1906 to 1980s it served various industrial purposes.

    Bob Mitchell developed the edifice in 1985, at which time he created 10 modern homes. He was able, thankfully, to preserve the majority of original façade in the process. While the only amenity at 289 Sumach is parking, residents have yet to complain, thanks to the idyllic locale and vintage aesthetics. And to top it all off, those with furry friends will be glad to learn that 289 Sumach is a pet-friendly community.

    The Suites

    With only 10 units to choose from, it’s a good thing most of the Toronto condos for sale here are around the same size. Each hovers at around 1,000 square feet, perfect for competitive buyers who easily become jealous.

    Beyond their size, however, there are still some less than subtle differences between the units. The hard lofts at 289 Sumach span either one or two levels each, and some boast patios or terraces. They feature one or two bedrooms, and some come equipped with offices, working fireplaces, lockers, or garages as well.

    What all these homes have in common, however, are the original elements that have been preserved for over 100 years now. These include exposed brick, wooden beams, hardwood flooring, skylights, and vaulted ceilings. The result is a small collection of warm and nostalgic lofts that feel more like homes than condominiums.

    The Neighbourhood

    The lofts at 289 Sumach are positioned between the residential Cabbagetown neighbourhood and the recently revitalized Regent Park area. Also nearby is Riverdale Park and the laid-back Riverdale neighbourhood.

    Generally, the area is tranquil and charming, all the while not far off from busy intersections like Yonge and Dundas, or attractions such as the Eaton Centre.

    Active types living at 289 Sumach will love living so close to Riverdale Park, which boasts over 100 acres of green space to explore, plus facilities like a swimming pool and skating rink, and even a fully functioning farm.

    Foodies, on the other hand, will love living so close to East Chinatown. The smaller, lesser-frequented Chinatown than that on Spadina Avenue, this stretch of Gerrard East is home to some of the city’s best (and most affordable) Pho and Banh Mi. Beyond this, epicurean explorers will find Little India, with countless restaurants and shops ready and waiting.

    Grocery shopping will also feel like less of a chore for residents, thanks to Cosimo’s No Frills, which is just a 7-minute walk away. Those looking for specialty items, on the other hand, can always take a quick drive or TTC ride down to St. Lawrence Market.

    Transportation

    Living so close to Gerrard Street East has its perks, including easy access to the 306 and 506 streetcars. From here, residents can ride over to College Station on the Yonge subway line in just over 10 minutes. Castle Frank Station, on the Bloor-Danforth line, can also be reached in about 15 minutes via the 65 Parliament bus. From here, passengers can hop onto a subway train heading east or west.

    Drivers can use River Street to access the Bayview Extension, which will carry them all the way uptown. Alternatively, the Don Valley Parkway and the Gardiner Expressway are also both close at hand.

    Cyclists are also in luck, at least until the weather gets the best of them. Sumach, Sackville, and Wellesley are all bike-friendly routes, while those using two wheels to commute can also head south in order to connect with Shuter, Richmond, or Adelaide Streets.

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    Nearby Amenities

    9/10
    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.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

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

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Days on Strata

    Units at 289 Sumach Lofts spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    19.6
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 31 condos in the Cabbagetown area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    289 Sumach Lofts offers the
    ?
    best value out of 31 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    289 Sumach Lofts has the
    ?
    highest ROI out of 31 condos in the Cabbagetown neighbourhood

    Rental Yield

    289 Sumach Lofts yields the
    ?
    highest rent prices out of 31 condos in the Cabbagetown neighbourhood

    High Demand

    289 Sumach Lofts is the
    ?
    most popular building out of 31 condos in the Cabbagetown neighbourhood

    Transaction Insights at 289 Sumach Street

    Not Available

    Maintenance Fees

    289 Sumach Lofts vs The Cabbagetown Area

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