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    Madison Avenue Lofts

    380 Macpherson Avenue

    3for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    6
    Number of Units:
    211
    Condo Completion:
    2009
    Condo Demand:
    Medium
    Unit Size Range:
    549 - 1,809 SQFT
    Unit Availability:
    Medium

    Listing History for Madison Avenue Lofts

    Amenities

    Sauna
    BBQ
    Party Room
    Media Room
    Bike Storage
    Concierge

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 380 Macpherson AvenueMadison Avenue Lofts

    Looking for a Toronto hard loft for sale? If so, Madison Avenue Lofts at 380 Macpherson Avenue should be on your list of contenders. Burnac Corporation converted the property in 2009, adding 211 loft units to the Casa Loma neighbourhood. These airy suites start at 549 square feet, and can be as large as 1809 square feet. This condo is very conveniently located, with a well above average Walk Score of 91 and an average demand ranking. Maintenance fees are $0.87 per-square-foot, which is higher than the neighbourhood average of $0.85 per-square-foot.

    It may be hard to believe, but the area surrounding 380 Macpherson Avenue was once an industrial hotbed. Today, however, it is known for its charming tree-lined residential streets, and close proximity to George Brown College.

    Originally a warehouse for Toronto Hydro, residents here have access to a gym, movie theatre, and rooftop terrace. And while homes in the downtown core require ample height to offer a good view of the city, these lofts are strategically placed. At only 6 storeys tall, the building is at the top of a hill. And that gives south-facing units those sweeping vistas of the cityscape.

    The Suites

    Instead of relying on a singular aesthetic, multiple styles are juxtaposed to distinguish these hard lofts from the typical, cookie-cutter condo. Exposed concrete, for example, is a prevalent reminder of the building’s former life, while 14-foot ceilings offer residents with bright and airy living spaces. The sleek kitchens and bathrooms, meanwhile, add a much-needed hint of modernity.

    Here are some additional details, according to Strata.ca data:

    The average cost per-square-foot is $1,034, based on the past 12 months of sales, and these suites have a medium probability of receiving multiple offers. On average, units spend 31 days on the market and usually sell for -1.45% below the listing price. In the past year, 10 units have rented, and 9 have sold.

    Rare for an authentic conversion, many of the homes at the Madison Avenue Lofts offer private outdoor spaces. For those units without, a shared rooftop terrace is always available for use.

    The Neighbourhood

    Groceries are never a chore with Food Depot, Whole Foods Market and Urban Fare Food Shop nearby, plus an LCBO just down the street. Like to shop? Everything you need is close by when you live at 380 Macpherson Ave, including Canadian Tire, Cumberland Terrace and Canadian Outlet, which are only 4 minutes away. You'll also find a number of banks within a short drive, like TD Canada Trust and Scotiabank for all your investment needs.

    Meanwhile, there are plenty of parks nearby to keep your family busy, including Glen Edyth Drive Parkette and Walmer Road Parkette, less than 5 minutes away by foot. Art and culture seekers can spend the day at Casa Loma or the Spadina Museum.

    For those with children, there are plenty of schools in the area, including The York School and Waldorf Academy. But if your kids are open to commuting, a quick transit ride offers more options, such as Harbord Collegiate Institute.

    Transportation

    Thankfully, there’s no need for a vehicle when living at the Madison Avenue Lofts. Dupont Station, on the University-Spadina line, can be reached in a three-minute walk. Alternatively, Spadina Station is also close by, offering quick access to the Bloor-Danforth subway line.

    For those that do own cars, this building is perfectly situated just outside all that hectic downtown traffic. While rush hour driving can still get busy, Dupont and Davenport are faster routes for travelling east and west. And thankfully, residents are also close to all four of Toronto’s major highways: the 401, 427, Don Valley Parkway, and Gardiner Expressway.

    Have your heart set on this area, but can't find a unit in this building? You’ll be pleased to know that 111 St Clair Avenue W, 377 Madison Avenue and 346 Davenport Road are all comparable hard lofts in the area.

    3

    Listings For Sale

    Interested in receiving new listings for sale?

    1

    Listings For Rent

    Interested in receiving new listings for rent?

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

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

    Population
    6,579
    Average Individual Income
    $61,605
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $101,954
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    55%
    Detached
    27%
    Low Rise Apartment
    9%
    Semi Detached
    4%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    8%
    Telugu
    2%
    Tagalog
    2%
    Arabic
    1%
    Hindi
    1%
    Korean
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    11%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    17%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Casa Loma


    Days on Strata

    Units at Madison Avenue Lofts spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Casa Loma

    Turnover of Units

    On average, each unit is owned for
    6.4
    YEARS before being sold again

    Property Value

    5%
    Increase in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 30 condos in the Casa Loma area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value Rank

    Madison Avenue Lofts offers the
    ?
    best value out of 30 condos in the Casa Loma neighbourhood

    Appreciation Rank

    Madison Avenue Lofts has the
    ?
    highest ROI out of 30 condos in the Casa Loma neighbourhood

    Rental Yield

    Madison Avenue Lofts yields the
    ?
    highest rent prices out of 30 condos in the Casa Loma neighbourhood

    High Demand

    Madison Avenue Lofts is the
    ?
    most popular building out of 30 condos in the Casa Loma neighbourhood

    Transaction Insights at 380 Macpherson Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$620,000$705,000 - $1,839,000$930,000 - $1,000,000$1,350,000 - $1,400,000No Data
    Avg. Cost Per SqftNo Data$987$1,049$1,071$1,113No Data
    Avg. Wait for Unit Availability381 Days269 Days60 Days94 Days147 DaysNo Data
    Ratio of Units in Building7%11%37%30%16%2%

    Maintenance Fees

    Madison Avenue Lofts vs The Casa Loma Area

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