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    383 Sorauren

    383 Sorauren Avenue

    4for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    10
    Number of Units:
    161
    Condo Completion:
    2016
    Condo Demand:
    High
    Unit Size Range:
    400 - 1,449 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for 383 Sorauren

    Amenities

    Security System
    Party Room
    Concierge
    Gym Room
    Guest Suites
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 383 Sorauren Avenue383 Sorauren

    While Sorauren Street may be notorious for its remaining industrial structures, for some it’s refreshing to be surrounded by these buildings, without living directly inside one of them. This must be what the developers behind 383 Sorauren had in mind when creating contemporary soft lofts nestled between historic edifices.

    And thanks to its more recent construction date, those opting for a soft loft at 383 Sorauren are afforded a number of first-class amenities. Especially beneficial for residents living a hectic metropolitan lifestyle, these include exercise facilities and shared barbecues in the courtyard. Making life even easier for homeowners in the loft is the modern security system and underground parking available to them.

    Not one, not two, but three brains were behind the building of 383 Sorauren: Gairloch Developers, Centrestone Urban Developments Inc., and Peter Clewes. Together, these three managed to create a set of homes that embody innovation in architectural style, while still paying homage to the surrounding area and its past.

    The cube-like brick structure is simple and understated, with balconies incorporated, yet set slightly back, so as not to disturb the façade’s industrial look. The building contains 142 modern Toronto lofts, allowing trendy buyers a good chance to see one on the market every now and then. Anyone sold on the building better keep their eyes peeled, however, as the development was sold out before its completion — so these Toronto condos for sale are certainly in demand whenever they're listed.

    The Suites

    Sitting at a comfortable 10 storeys high, the soft loft is not too big, yet not too small. Thanks to its mid-rise stature, residents living on the uppermost floors benefit from sprawling views of the city. Balconies, French balconies, and terraces can be found scattered throughout the building.

    From inside, the 9 to 10 foot ceilings and large windows allow sunlight to flow freely throughout the entirety of the homes. With almost 150 lofts to play around with the developers were able to include a variety of unit sizes at 383 Sorauren.

    While none may be referred to as enormous, those looking for a place for the family will be more than comfortable in the 1,500 square foot units. Those who value spending money over floor space, on the other hand, might opt for the homes closer to 500 square feet.

    With elements like engineered hardwood flooring, aluminum-framed sliding doors, and top-of-the-line kitchen appliances, even residents living in the smallest of units will love spending time in their lofts.

    Along with the main building, four townhouses are a part of the same complex for those looking for some additional legroom. Other sizable options include the penthouse units, which span two levels and contain up to three bedrooms.

    The Neighbourhood

    Even three decades after fashionable families began saturating the Roncesvalles neighbourhood, moving in to join the longstanding Polish residents, the appeal has yet to decline. What could be better than tree-lined streets and locally owned businesses, all in the heart of Canada’s foremost urban centre?

    Actually, we might be able to top all of that. 383 Sorauren is also less than a 10-minute walk from Toronto’s largest green space: High Park. Here, one can spend an entire day exploring the park’s 400 acres, or visit one of its many recreational facilities. High Park boasts a zoo, gardens, off-leash dog area, swimming pool and splash pad, ice hockey rink, tennis courts, and more. In the summertime, those interested in theatre can even catch a Shakespeare in the Park production here.

    And while this area might not be as bustling as, say, Yonge and Dundas, that’s all part of the draw for the locals living in Roncesvalles. Bakeries, bookshops, movie theatres and more can all be found here, plus the businesses in the area tend to come with a friendliness that simply cannot be found elsewhere.

    Transportation

    Residents living at 383 Sorauren benefit from their homes being set far from the gridlocked core of the city. Drivers can cruise along Dundas Street West in order to reach other neighbourhoods, while others might choose the TTC — especially because that means never having to find a parking space.

    The Bloor-Danforth subway line is also only 12 minutes away on foot, where travelers can reach Dundas West Station, as well as the Bloor GO/UP station. This way, those heading out of the city can reach Pearson International Airport in less than an hour — and that’s without a car.

    As for those who prefer to take to the streets on two wheels, the Martin Goodman Trail is an excellent way for cyclists to traverse the width of the city: this car-free route hugs the shores of Lake Ontario for a staggering 56 kilometers.

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    Nearby Amenities

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    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!

    Demographics

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

    Population
    7,582
    Average Individual Income
    $63,431
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $101,322
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    54%
    Detached
    24%
    Semi Detached
    13%
    Low Rise Apartment
    5%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    79%
    Mandarin
    8%
    Cantonese
    6%
    Arabic
    2%
    Tagalog
    2%
    Telugu
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    45%
    High School
    21%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Architecture & Engineering
    22%
    Business Management
    21%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Visual & Performing Arts
    4%
    Education
    3%
    Personal, Protective & Transportation Services
    2%

    Days on Strata

    Units at 383 Sorauren spend an average of
    10
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    7%
    above
    the list price.

    Offer Competition

    Lofts in this building have a
    HIGH
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.7
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 14 condos in the Roncesvalles 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

    383 Sorauren offers the
    ?
    best value out of 14 condos in the Roncesvalles neighbourhood

    Appreciation Rank

    383 Sorauren has the
    ?
    highest ROI out of 14 condos in the Roncesvalles neighbourhood

    Rental Yield

    383 Sorauren yields the
    ?
    highest rent prices out of 14 condos in the Roncesvalles neighbourhood

    High Demand

    383 Sorauren is the
    ?
    most popular building out of 14 condos in the Roncesvalles neighbourhood

    Transaction Insights at 383 Sorauren Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$615,000 - $715,000$745,000 - $839,000$990,000 - $1,082,000No DataNo Data
    Avg. Cost Per SqftNo Data$1,201$1,104$1,100No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data156 Days95 Days128 Days582 Days167 Days
    Ratio of Units in Building1%30%35%25%6%5%

    Maintenance Fees

    383 Sorauren vs The Roncesvalles Area

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