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    The Derby Lofts

    393 King Street E

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    4
    Number of Units:
    26
    Condo Completion:
    1990
    Condo Demand:
    High
    Unit Size Range:
    849 - 1,200 SQFT
    Unit Availability:
    Low

    Listing History for The Derby Lofts

    Amenities

    Security System
    Indoor Parking
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 393 King Street EThe Derby Lofts

    Character and quiet in downtown Toronto. Located in the charming Corktown neighbourhood, this four-storey building is perfect for those who are tired of towering high-rises and looking for a little more space. The building has a parking garage but otherwise limited amenities, and your wallet will thank you for that; Derby Lofts offers a comfortable home without all the extra bells and whistles that often come with increased maintenance fees. There are 26 Toronto lofts in the building, all of which are two floor soft-lofts.

    393 King has a ton of character — with its red brick exterior and panelled windows, its look is reminiscent of a firehall. The building features large windows and rooftops terraces, allowing for plenty of opportunities to take in sunlight.

    Toronto condos for sale at Derby lofts are ideal homes for young professionals and new families. The building is pet-friendly, as is the neighbourhood, with a nearby dog park and many green spaces in the area. You’ll find plenty of restaurants and cafés in the immediate vicinity, and you’re just a short walk from the core of the historic Distillery District.

    The Suites

    Derby Lofts contains 26 soft-lofts, purposely built for modern living. The building features 2 bedroom and 2 bedroom + den lofts for those who desire a more living space.

    Suite sizes range from 871 sq. ft. to 1110 sq. but no matter what loft you own, you’ll have lots of room to breathe with sixteen-foot ceilings. All lofts are spacious, open-concept and feature tall panelled-glass windows that can be seen from the first and second floors. Finishes vary based on individual taste but expect curved staircases and ample wall space for adding your own artistic touch.

    Basic amenities include air conditioning, and a parking garage. If you need some outdoor space, then you will not be disappointed — rooftop terraces give you a private space to kick back and relax.

    The Neighbourhood

    Corktown is one of the best-known neighbourhoods in Toronto and its proximity to the distillery district and St. Lawrence makes it one of the most desirable. From your front door you are minutes away from Mill Street Pub for dinner, or Balzac’s for a morning coffee, or Tim Horton’s if that is more your speed. Fresh produce, pastries, sandwiches and so much more are available at St. Lawrence market, also just a short walk from your front door.

    There are multiple green spaces around; Sackville playground, Parliament Square park and Princess Park are all within walking range. Corktown Commons is just a short trip east on Front Street, there you will find a beautiful stone walking path, a splash pad, a playground, and even a skatepark.

    There are several schools in the area at the elementary, middle school, and collegiate level, making this a convenient location for parents with children, young and old. For groceries, there's a conveniently located No Frills nearby and several other options in the vicinity.

    Security will be no issue at Derby Lofts thanks to the Toronto Police Service - 51 Division which resides on Front and Parliament.

    Transportation

    Drivers have the luxury of knowing their vehicles are secure in Derby Loft’s parking garage. From 393 King Street, drivers can gain quick access to the Gardiner Expressway, Don Valley Parkway or Lakeshore Boulevard.

    The TTC operates street cars and busses along King and Queen, although with a Walk Score of 96 you may find that you rely on public transit less. From 393 King it's only a 20-minute walk to Union Station; imagine walking to a Jays Game on Saturday afternoon and beating the street car in a footrace — that’s possible at Derby Lofts.

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    Nearby Amenities

    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!

    Demographics

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

    Population
    11,959
    Average Individual Income
    $60,766
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $102,581
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    47%
    Detached
    33%
    Semi Detached
    10%
    Duplex
    5%
    Low Rise Apartment
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    10%
    Cantonese
    9%
    Arabic
    2%
    Tagalog
    2%
    Telugu
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    40%
    High School
    23%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Math & Computer Sciences
    10%
    Social Sciences
    9%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at The Derby Lofts spend an average of
    14
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    4%
    above
    the 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
    8.9
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 14 condos in the Corktown area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    The Derby Lofts offers the
    ?
    best value out of 14 condos in the Corktown neighbourhood

    Appreciation Rank

    The Derby Lofts has the
    ?
    highest ROI out of 14 condos in the Corktown neighbourhood

    Rental Yield

    The Derby Lofts yields the
    ?
    highest rent prices out of 14 condos in the Corktown neighbourhood

    High Demand

    The Derby Lofts is the
    ?
    most popular building out of 14 condos in the Corktown neighbourhood

    Transaction Insights at 393 King Street E

    1 Bed + Den2 Bed
    Price Range$838,000$820,000 - $900,000
    Avg. Cost Per Sqft$882$872
    Avg. Wait for Unit Availability442 Days189 Days
    Ratio of Units in Building17%84%

    Maintenance Fees

    The Derby Lofts vs The Corktown Area

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