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    Toy Factory Lofts

    43 Hanna Avenue

    4for Sale
    2for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    7
    Number of Units:
    213
    Condo Completion:
    2008
    Condo Demand:
    Medium
    Unit Size Range:
    593 - 5,393 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Toy Factory Lofts

    Amenities

    Concierge
    Sauna
    Business Centre
    Gym Room
    BBQ
    Party Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 43 Hanna AvenueToy Factory Lofts

    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.

    Transportation

    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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    Listings For Sale

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    2

    Listings For Rent

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    Explore Neighbourhood

    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.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

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

    Population
    50,566
    Average Individual Income
    $63,560
    Average Household Size
    3 persons
    Average Age
    51
    Average Household Income
    $103,695
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    34%
    High Rise Apartment
    26%
    Semi Detached
    24%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    67%
    Mandarin
    14%
    Cantonese
    13%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Days on Strata

    Units at Toy Factory Lofts spend an average of
    42
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    3%
    below
    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
    5.1
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 16 condos in the Liberty Village area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    20
    Units were Rented over the past twelve months

    Best Value Rank

    Toy Factory Lofts offers the
    ?
    best value out of 16 condos in the Liberty Village neighbourhood

    Appreciation Rank

    Toy Factory Lofts has the
    ?
    highest ROI out of 16 condos in the Liberty Village neighbourhood

    Rental Yield

    Toy Factory Lofts yields the
    ?
    highest rent prices out of 16 condos in the Liberty Village neighbourhood

    High Demand

    Toy Factory Lofts is the
    ?
    most popular building out of 16 condos in the Liberty Village neighbourhood

    Transaction Insights at 43 Hanna Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$855,000 - $880,000$940,000 - $1,542,874No Data$1,350,000No DataNo Data
    Avg. Cost Per Sqft$1,170$1,069No Data$1,067No DataNo Data
    Avg. Wait for Unit Availability70 Days57 Days167 Days233 Days508 Days67 Days
    Ratio of Units in Building30%44%14%9%3%3%

    Maintenance Fees

    Toy Factory Lofts vs The Liberty Village Area

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