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    Corktown District I Lofts

    549 King Street E & 52 Sumach Street & 569 King Street E

    2for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    7
    Number of Units:
    134
    Condo Completion:
    2011
    Condo Demand:
    Medium
    Unit Size Range:
    328 - 2,000 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Corktown District I Lofts

    Amenities

    Party Room
    Security System
    Bike Storage
    Concierge
    Gym Room
    Rooftop Deck

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 549 King Street ECorktown District I Lofts

    We wouldn’t call it a steadfast rule that the developer of a building determines its worth. However, there are a handful of soft loft designers operating in Toronto that never fail to impress. One of these tried and trusted developers is Streetcar Developments, and their creation at 549-569 King Street East and 52 Sumach Street is testament to their talent.

    Besides innovative manufacturing that results in elegant residential buildings, Streetcar Developments also has a knack for selecting the perfect neighbourhood for each one. While overlooked by others, these developers opted for their 2011 project, a building aptly named the Corktown District Lofts I. The first of two sister buildings, including Corktown District II Lofts, this soft loft marked the beginning of what has since blossomed into a renaissance of the area.

    Bright brick and glass make up the majority of the façade at the Corktown District Lofts I, with a concrete base enveloping storefronts below. Warehouse-style windows are a nod to the Corktown neighbourhood's industrial past, while the overall vibe is modern and fresh.

    The intimately sized residence reaches to a modest 7 storeys tall, and is technically comprised of three separate structures: one at 549 King Street East, another at 569 King East, and the last at 52 Sumach Street. Regardless of which building one lives in, residents of all three parts have access to common amenities, including a gym, movie theatre room, party room, barbecues, a meeting room, and visitor parking.

    The Suites

    When designing the Corktown District Lofts I, Streetcar Developments clearly took into account the vast array of potential buyers who would be drawn to Toronto condos for sale in this building. As a result, the sizes of homes range considerably, from around 450 to 2,400 square feet. While many of the lofts contain one bedroom, the more stately units are undoubtedly large enough for a family to feel more than comfortable in.

    These homes couldn’t be classified as true soft lofts if not for their bright, airy, and spacious atmospheres. Floor-to-ceiling windows usher in sunlight in the daytime, doubling as ideal vantage points for watching people go by on the streets below.

    The day’s sunlight is carried into every corner of the homes in the Corktown District Lofts I, thanks to open concept layouts and ceilings that soar to 10 feet tall. Loft-like finishes also include polished concrete floors and exposed ductwork, while these raw elements are satisfyingly juxtaposed with contemporary kitchens and bathrooms.

    The Neighbourhood

    The west end of Toronto may be more commonly thought of as the hip place to be, but this makes low-key, yet trendy Corktown all the more desirable. Cordoned off by Jarvis Street, the Don River, Queen Street East, and Front Street, this neighbourhood has plenty of resources to tap.

    Even from within the downtown core, Corktown manages to maintain a mainly residential feel. Originally inhabited by Irish immigrants in the 19th century, these residents predominantly worked in surrounding breweries or brickyards, and the cottages they once inhabited can still be spotted around the area today. The industrial buildings where these residents once worked have also been preserved, some of which are now used as film studios, while others have been transformed into residential hard lofts or offices.

    As of late, restaurants and independent shops have been gravitating toward this neighbourhood. Trendy cafés, butchers, hair salons, exercise studios, and more can all be found here, not to mention the array of eclectic dining options available to residents of the Corktown District Lofts I.

    Venturing out just beyond the borders of Corktown is also an ideal way to spend a weekend afternoon. The Distillery District is a short walk away, with its art galleries and lively patios over century-old cobblestones roads. When the weather is warm, the Don Valley Trail is a great hiking or cycling path that follows the banks of the river, while a trip north to Riverdale Park is an opportunity to engage in baseball, soccer, cricket, swimming, or even simply some sunbathing or stargazing.

    Transportation

    Thanks to their location on King Street East and Sumach Street, residents living at the Corktown District Lofts I can easily traverse the city, even without a car. Right where these streets intersect, the King streetcar makes frequent stops. When opting for this route, travellers can reach King Station on the Yonge subway line in about 10 minutes.

    Those who prefer to drive, on the other hand, are equally well situated. The Gardiner Expressway can be reached in under 5 minutes via Parliament Street, which then offers a connection to the 427 and Pearson International Airport. Alternatively, the Don Valley Parkway is located just east, from which the 401 can be easily accessed.

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    Listings For Rent

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    Nearby Amenities

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    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 Corktown District I Lofts spend an average of
    27
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    3.5
    YEARS before being sold again

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 14 condos in the Corktown area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    Corktown District I Lofts offers the
    ?
    best value out of 14 condos in the Corktown neighbourhood

    Appreciation Rank

    Corktown District I Lofts has the
    ?
    highest ROI out of 14 condos in the Corktown neighbourhood

    Rental Yield

    Corktown District I Lofts yields the
    ?
    highest rent prices out of 14 condos in the Corktown neighbourhood

    High Demand

    Corktown District I Lofts is the
    ?
    most popular building out of 14 condos in the Corktown neighbourhood

    Transaction Insights at 549 King Street E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$485,000 - $635,000$689,000 - $781,600No DataNo DataNo Data
    Avg. Cost Per Sqft$999$986No DataNo DataNo Data
    Avg. Wait for Unit Availability51 Days99 Days282 Days893 Days1291 Days
    Ratio of Units in Building59%28%9%2%4%

    Maintenance Fees

    Corktown District I Lofts vs The Corktown Area

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