43 Hanna Ave. This loft at Toy Factory Lofts is located in  West End, Toronto - image #1 of 6 by Strata.ca
    43 Hanna Ave. This loft at Toy Factory Lofts is located in  West End, Toronto - image #2 of 6 by Strata.ca
    43 Hanna Ave. This loft at Toy Factory Lofts is located in  West End, Toronto - image #3 of 6 by Strata.ca
    43 Hanna Ave. This loft at Toy Factory Lofts is located in  West End, Toronto - image #4 of 6 by Strata.ca
    43 Hanna Ave. This loft at Toy Factory Lofts is located in  West End, Toronto - image #5 of 6 by Strata.ca

    43 Hanna Ave

    Toy Factory Lofts
    8for Sale
    5for Rent
    Lanterra Developments
    Condo Completion
    Property Management
    First Service Residential
    Property Type
    Hard Loft
    Unit Size Range
    592 - 5393 SQFT
    Number of Units
    Number of Storeys
    CONDO Demand
    Unit Availability

    About this loft

    Even if the skeleton is already in place, the redevelopment of an existing building is no simple feat. Take the hard lofts at 43 Hanna Avenue, in Liberty Village neighbourhood, for example. For this building’s conversion from a factory to a condo, both an architectural firm and a developer worked together to renovate, demolish, and create.

    Lanterra Developments and Quadrangle Architects were the tag team behind the Toy Factory Lofts, which Torontonians have been able to call home since 2008. The original structure, however, was built nearly a century earlier. Back in the day, the Toy Factory Lofts was just that — a toy factory.

    To be precise, 43 Hanna housed a paper production factory first, for Hinde and Dauch. It wasn’t until 1940 that the building was purchased by the Irwin family, who would then manage the largest toy company in Canada for the next half century. Until 2001, when the company was sold to private investors, the building was responsible for churning out Care Bears, Easy Bake Ovens, Hula Hoops, and other childhood favourites.

    While the sale of Irwin Toys meant one thing for that industry, Torontonians certainly benefited from the factory’s closure. Liberty Village had, at the time, been experiencing a massive growth — in businesses, in homes, and in popularity. It only made sense, then, that Lanterra would opt to bestow the neighbourhood with 213 additional residences.

    The Toy Factory Lofts is a prime example of how the old and the new can coexist in harmony with one another. The building’s red brick, industrial-style exterior allures passersby with its historical charm. The modern sign, with its bold white lettering, lets everyone in on a little secret: authentic hard lofts lie within.

    Plus, the building is like a toy store for adults: a wide array of amenities is available for residents to enjoy, including a business centre, guest suites, a concierge, a party room, and a modern fitness centre. And while loads of amenities can often equate to hefty monthly fees, the board of trustees is among the city’s most competent. This means that residents can enjoy the amenities described above, as well as some of the lowest monthly fees in the city.

    For their efforts, readers will be glad to hear that Lanterra and Quadrangle were duly rewarded. On top of seven awards for its design, the building received an award for Project of the Year from the Greater Toronto’s Homebuilders Association. What better way to celebrate a building’s centenary than ensuring it will last for yet another lifetime?

    The Suites

    The exterior isn’t the only place where two worlds collide. The old literally meets the new at the Toy Factory Lofts, as three brand new storeys comprise an add-on atop the existing building. The soft lofts found in these uppermost floors are elegant and sleek, for modernists who still want some part of the industrial experience.

    Below this new layer lay the four storeys that have been standing since the early 1900s. Unsurprisingly, but gratifying nonetheless, are the raw, industrial elements found throughout these hard loft units. Exposed red brick and wooden posts and beams are some of those genuine elements that simply can’t be recreated the same way nowadays.

    The Toy Factory Lofts is made up of 213 units, a comfortable size that’s not too big nor too small: any less, and scoring a unit here might become near impossible. The considerable number of units is also beneficial in that the sizes of units range quite drastically. Someone needing nothing more than one bedroom and 600 square feet can be just as happy at 43 Hanna as someone searching for a 3,000 square foot penthouse.

    And just in case 3,000 square feet caught anyone’s attention, one particular penthouse of this size boasts three bedrooms and four bathrooms, a sauna, 14-foot ceilings, three Juliet balconies, and a wraparound balcony. Of course, if you're interested in one of these Toronto lofts for sale, you should expect high prices and high demand. and are generally higher than most downtown Toronto condos.

    The Neighbourhood

    Liberty Village was named for the Central Prison and Andrew Mercer Reformatory for Women that originally took up residence on the land. While that sounds paradoxical, the name was first given to Liberty Street, since it was the place that prisoners first walked free after being released from these detention centres.

    On top of these facilities for the unlawful, back in the early 20th century Liberty Village was an industrial hotbed. The Inglis Factory, maker of the Bren light machine gun, was a major player in the area. As with other neighbourhoods in Toronto, manufacturing here ceased in the late 1900s. Following the closures of Liberty Village’s factories, a creative bunch in need of lower rent moved in, creating a precedent for the future of the neighbourhood: the artists.

    In 1994, deregulation allowed for a large-scale residential conversion of the area. Since then, more industrial structures have been converted to allow for the prospective buyers who can’t stay away from the posh Liberty Village. Additionally, many newer residential spaces lie on the Eastern side of the neighbourhood, while design firms and trendy shops are found throughout.

    The Westernmost part of Liberty Village is where the Toy Factory Lofts are located, along with some other well-preserved buildings from the neighbourhood’s past.

    Residents are within walking distance to hip King West neighbourhood and its endless dining and nightlife options. Independent art galleries and carefully curated boutiques can also be found just beyond the confines of Liberty Village, in the Niagara area, as well as along King and Queen Streets West.


    Residents of the Toy Factory Lofts have access to the entire city from their doorsteps. Drivers will make great use of King and Queen Streets for east-west travel. Adelaide and Richmond are also fast-moving one-way streets, and are equipped with bike lanes for those who prefer to use muscle power to move.

    Those without cars are equally well situated. Streetcars run along King and Queen, carrying passengers toward the Yonge-University-Spadina subway line, and the Queen Street service even functions 24 hours a day. Bathurst Street is also not far off, where travelers can catch streetcars heading north or south.


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    Property Highlights

    Visitor Parking
    Gym Room
    Rooftop Deck
    Party Room
    Business Centre

    Listing History for Toy Factory Lofts

    Nearby Amenities

    Stats, Trends & Rankings


    Toy Factory Lofts vs The Liberty Village Area
    Toy Factory Lofts's Avg
    $1,155 SQFT
    Neighbourhood Avg
    $1,057 SQFT

    Building Trends At Toy Factory Lofts

    Days on Strata

    Units at Toy Factory Lofts spend an average of
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    the list price.

    Offer Competition

    Lofts in this building have an
    chance of receiving
    Multiple Offers

    Turnover of Units

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

    Property Value

    Increase in property value within the past twelve months

    Price Ranking

    Highest price per SQFT out of 16 condos in the Liberty Village area

    Sold Units

    Units were Sold over the past twelve months

    Rented Units

    Units were Rented over the past twelve months

    Sales vs Rental Values For This Loft

    1 Bed649 - 840 SQFT
    Average Cost Per Sqft$1,172
    Sales Price Range$850,500 - $995,000
    Rental Price Range$2,950 - $2,950
    1 Bed + Den753 - 1200 SQFT
    Average Cost Per Sqft$1,174
    Sales Price Range$898,500 - $1,260,000
    Rental Price Range$3,000 - $3,800
    2 Bed1121 - 1121 SQFT
    Average Cost Per SqftNo Data
    Sales Price RangeNo Data
    Rental Price Range$4,000 - $4,000
    3 Bed2000 - 2000 SQFT
    Average Cost Per SqftNo Data
    Sales Price RangeNo Data
    Rental Price Range$6,000 - $6,000

    How Often Are Units Listed?

    1 Bed592 - 1000 SQFT
    Average Sales Availability
    Average Rental Availability
    Ratio of Unit Type in Building30%
    1 Bed + Den734 - 1725 SQFT
    Average Sales Availability
    Average Rental Availability
    Ratio of Unit Type in Building45%
    2 Bed913 - 1558 SQFT
    Average Sales Availability
    Average Rental Availability
    Ratio of Unit Type in Building14%
    2 Bed + Den1200 - 3100 SQFT
    Average Sales Availability
    Average Rental Availability
    Ratio of Unit Type in Building9%
    3 Bed1550 - 3100 SQFT
    Average Sales Availability
    Average Rental Availability
    Ratio of Unit Type in Building3%
    3 Bed + Den3217 - 3217 SQFT
    Average Sales Availability
    No Data
    Average Rental Availability
    No Data
    Ratio of Unit Type in Building2%

    Maintenance Fees

    Toy Factory Lofts vs The Liberty Village Area
    Toy Factory Lofts's Avg
    monthly maintenance fee
    $0.47 / SQFT
    Neighbourhood Avg
    monthly maintenance fee
    $0.70 / SQFT

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