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    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    3
    Number of Units:
    29
    Condo Completion:
    2006
    Condo Demand:
    Medium
    Unit Size Range:
    549 - 1,600 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for West Village Lofts

    Receive listing updates for Briar Hill | Belgravia

    Amenities

    Security System
    Visitor Parking
    BBQs Allowed

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 550 Hopewell AvenueWest Village Lofts

    Even those desiring a quiet home outside of the downtown core should be able to enjoy the perks of loft living. Fortunately, the West Village Lofts are a perfect middle ground — slightly removed from the bustling City Center - Toronto, these homes still feel bright and spacious as ever.

    This boutique soft loft is a relatively recent construction, built in 2006. Stafford Homes spearheaded the project, a group with numerous successful residential and commercial developments under their belt.

    As mainly single-family homes dot the tree-lined streets of the Briar Hill & Belgravia neighbourhood, this stucco structure enjoys its spot in the limelight. The boxy, industrial style exterior is a refreshing break for both residents and neighbours to enjoy. Plus, panes of warehouse windows allude to the 29 sunlit homes that can be found within.

    Unlike those in the more cramped downtown Toronto neighbourhoods, residents of the West Village Lofts will have plenty of space to explore. Drivers benefit from the parking garage for themselves and visitors; pet owners taking advantage of the animal-friendly policy at 550 Hopewell Avenue will love exploring the York Beltline Trail and Walter Saunders Memorial Park, leash in hand.

    The Suites

    Covering 3 storeys at 550 Hopewell Avenue are 29 soft lofts, each with an updated industrial vibe. The lofts are laid out in an open concept manner, allowing warm sunlight to pour through sizeable, commercial grade windows. Concrete finishes are abound, as well as exposed ductwork and 12 foot ceilings.

    Though the lobby is ultra-chic at the West Village Lofts, those looking for an added sense of privacy can opt for units with private entryways. And while third floor residents are welcome to walk, elevators are always available for transporting tired legs up to bed.

    Certain Toronto condos for sale at the West Village Lofts span two levels, and most feature patios with gas hookups for barbecues. Whether purchasing a cozy 650 square foot unit or one of the larger lofts that reach up to 1,500 square feet, these light and airy homes feel large enough to host gatherings of all sorts.

    The Neighbourhood

    The area around Briar Hill & Belgravia is populated by many longstanding businesses. Along Dufferin, everything from wedding gowns to Italian meatball sandwiches can be found.

    The West Village Lofts are also located conveniently close to Yorkdale Shopping Centre. The mall has been around for 50 years, and has been growing more and more upscale in recent years. Besides the obvious function of retail therapy, Yorkdale is a great hideout for rainy days with its numerous dinner options and a large Cineplex movie theatre.

    Another benefit of these lofts’ distance from downtown is their proximity to peaceful green spaces. Walter Saunders Memorial Park is right outside the lofts at 550 Hopewell Avenue, as is the York Beltline Trail that connects to many other ravines and parks throughout the city.

    Transportation

    Drivers living at the West Village Lofts will come to know and love the easy driving afforded by Dufferin Street. Dufferin offers a route south toward Lake Ontario, or north to the 401. Alternatively, the Allen Road is a freeway that carries drivers from Eglinton to Sheppard Avenue.

    For those who rely on public transportation, buses along Dufferin street will come in handy. And unlike many other uptown residences, the lofts at 550 Hopewell Avenue are only a 15 minute walk away from Eglinton West station, which travels along the University-Spadina subway line.

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    Explore Briar Hill | Belgravia

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar lofts

    Demographics

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

    Population
    14,584
    Average Individual Income
    $58,475
    Average Household Size
    2 persons
    Average Age
    46
    Average Household Income
    $89,247
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    33%
    35 - 49
    20%
    50 - 64
    16%
    65+
    15%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    25%
    $60,000+
    16%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    69%
    Detached
    18%
    Semi Detached
    5%
    Low Rise Apartment
    4%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    50%
    Mandarin
    17%
    Other
    14%
    Cantonese
    13%
    Tamil
    3%
    Telugu
    1%
    Tagalog
    1%
    Hindi
    1%
    Education
    University and Above
    42%
    High School
    22%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Math & Computer Sciences
    11%
    Social Sciences
    10%
    Humanities
    5%
    Physical Sciences
    4%
    Education
    3%
    Personal, Protective & Transportation Services
    2%
    Visual & Performing Arts
    2%

    Maintenance Fees

    West Village Lofts vs The Briar Hill | Belgravia Area

    Days on Strata

    Units at West Village Lofts spend an average of
    73
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    14%
    above
    the list price.

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Briar Hill | Belgravia

    Turnover of Units

    On average, each unit is owned for
    4.6
    YEARS before being sold again

    Property Value

    -38%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 11 condos in the Briar Hill | Belgravia area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    West Village Lofts offers the
    ?
    best value out of 11 condos in the Briar Hill | Belgravia neighbourhood

    Appreciation Rank

    West Village Lofts has the
    ?
    highest ROI out of 11 condos in the Briar Hill | Belgravia neighbourhood

    Rental Yield

    West Village Lofts yields the
    ?
    highest rent prices out of 11 condos in the Briar Hill | Belgravia neighbourhood

    High Demand

    West Village Lofts is the
    ?
    most popular building out of 11 condos in the Briar Hill | Belgravia neighbourhood

    Transaction Insights at 550 Hopewell Avenue

    1 Bed2 Bed3 Bed
    Price RangeNo Data$689,000$827,000
    Avg. Cost Per SqftNo Data$436$517
    Avg. Wait for Unit AvailabilityNo Data166 Days564 Days
    Ratio of Units in Building11%79%11%

    Unit Sales vs Inventory

    Total number of units listed and sold in Briar Hill | Belgravia