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    637 Lake Shore Boulevard W

    3for Sale
    3for Rent

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    11
    Number of Units:
    256
    Condo Completion:
    2006
    Condo Demand:
    Medium
    Unit Size Range:
    474 - 3,150 SQFT
    Unit Availability:
    Medium

    Listing History for Tip Top Lofts

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    Amenities

    Games Room
    Gym Room
    Bike Storage
    Outdoor Pool
    Rooftop Deck
    Rec Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 637 Lake Shore Boulevard WTip Top Lofts

    The Tip Top Lofts are quite strategically located: an airport, the islands, multiple parks, and the Entertainment District are all around. But it’s not just the location that prospective buyers flock to 637 Lake Shore Boulevard West for. In addition to its prime whereabouts, the Tip Top Lofts also have an abundance of historic charm, elegance, and a hint of notoriety.

    Anyone who has been to the Exhibition Place or driven along Lake Shore Boulevard or the Gardiner Expressway has likely noticed the bright sign reading “Tip Top Tailors.” While some may wonder about what lies within, some lucky Torontonians look at the building and see home.

    While the sign might have been removed and reattached, there’s no doubt about its authenticity — the lettering has been present since 1929. When the building was converted into hard lofts in 2006, developers understood the significance of the marquee, and replaced it atop the six new storeys that had been added on.

    If the sign offers some ambiguity to the building, the style is anything but vague. The Tip Top Lofts is one of the most distinctively Art-Deco buildings in Toronto. The structure has a monumental feel thanks to its size and wide-set concrete base, while intricate geometric motifs need to be expected from up close to be truly appreciated. Huge swathes of windows cover much of the building’s lower façade, while the newer storeys are made almost entirely of glass.

    In the late 1920s, this structure at 637 Lake Shore West was built to house the Tip Top Tailor Company. The building was one of many purposes, housing a factory, a warehouse, and offices, together providing Torontonians with the most fashionable of attire.

    Almost a century later, Context Developments and Architects Alliance came together to turn the building into 256 similarly stylish homes. Anticipating the type of buyer who might be interested in such an impressive building, the developers outfitted the Tip Top Lofts with a gym and sauna, a party room and meeting room, and a common rooftop patio, among other amenities.

    The Suites

    With suites that range in both size and style, there is truly something for everyone at the Tip Top Lofts. The 256 homes comprise the 11-storey building range from approximately 400 to 3,200 square feet. This means that while cozy one-bedroom units are not dissimilar in size from other Toronto condos for sale, the largest of homes here are fairly colossal as far as Toronto lofts go.

    Floor-to-ceiling windows can be found throughout the entire building, meaning brightly lit homes for all. However, those living on the uppermost floors may want to invest in some blackout curtains, as the contemporary addition is made almost entirely of glass.

    Since we’re on the subject, those penthouse units found in the new addition are worth describing in detail. These spectacular suites span two storeys each, and one even boasts a separate wine room. Kitchens in these units are expansive and equipped with modern, stainless steel appliances fit for a master chef.

    Even if these units are out of reach for most, the conventionally sized lofts at 637 Lake Shore Boulevard West are similarly exciting. These homes are designed with an open concept layout, which together with 12 foot ceiling heights make every loft feel anything but cramped. For a touch of modernity, sleek sliding doors are what divide rooms from one another.

    Outdoor spaces are also available. Those with balconies or terraces can make use of gas hookups that are ready and waiting for barbecue season. Even those without balconies can take in the sweeping views of Toronto fro their windows. Either way, residents in north facing suites can watch the sun set over the cityscape, while those facing south will never tire of their views of Lake Ontario.

    The Neighbourhood

    While the Tip Top Lofts are technically located in the heart of downtown Toronto, residents can enjoy a certain sense of peace and quiet that other urbanites must live without. Thanks to the building’s location beside Lake Ontario, it is surrounded by the calming hues of green and blue.

    Lakefront activities include sailing, ferry rides to the island, paddle boarding, and sunbathing — weather permitting of course. Also just next door is Coronation Park, which features plenty of baseball diamonds and picnic tables, providing something for both active and relaxed types.

    The Exhibition Place is within walking distance, and residents can easily walk over for special events, while the rest sit in traffic or fight for a place to park.

    The Tip Top Lofts are also nearby to the voguish and vibrant King West neighbourhood. Here, residents can find everything from independent art galleries to the hottest clubs in the city — perhaps date night might even involve a little bit of both. Alternatively, the Entertainment District is also not far off, where sports and music fans can get their fix at the Rogers Centre or the Scotiabank Arena.

    Transportation

    With its location so near to Bathurst Street and Queens Quay West, even residents without a car can get around the city with ease. Streetcars along both of these routes will land passengers at the subway, on either the Bloor-Danforth line or the Yonge-University-Spadina line, respectively.

    Union Station can be reached in only 15 minutes from the Tip Top Lofts, from which residents can catch VIA Rail or GO trains to neighbouring cities. Other options for city breaks include walking — yes walking — to Billy Bishop Toronto City Airport, or taking the UP service from Union Station to Pearson International Airport.

    Those with cars will also make great use of the Gardiner Expressway, which runs parallel to Lake Shore Boulevard. From here, major highways such as the 427 and the Don Valley Parkway can be reached in no time.

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    Explore Neighbourhood

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar lofts

    Demographics

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

    Population
    3,432
    Average Individual Income
    $58,399
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $119,137
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    16%
    50 - 64
    22%
    65+
    22%
    Household Income
    $0 - $30,000
    54%
    $30,000+
    23%
    $60,000+
    12%
    $90,000+
    6%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    68%
    Semi Detached
    16%
    Duplex
    11%
    Low Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    51%
    Other
    23%
    Mandarin
    19%
    Tamil
    3%
    Armenian
    1%
    Urdu
    1%
    Tagalog
    1%
    Spanish
    1%
    Education
    University and Above
    34%
    High School
    26%
    None
    17%
    College
    14%
    University Below Batchelor
    4%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Health & Related Fields
    15%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Visual & Performing Arts
    4%
    Education
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    Tip Top Lofts vs The Fort York Area

    Days on Strata

    Units at Tip Top Lofts spend an average of
    43
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    4%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Fort York

    Turnover of Units

    On average, each unit is owned for
    5.2
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 18 condos in the Fort York area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

    Tip Top Lofts offers the
    ?
    best value out of 18 condos in the Fort York neighbourhood

    Appreciation Rank

    Tip Top Lofts has the
    ?
    highest ROI out of 18 condos in the Fort York neighbourhood

    Rental Yield

    Tip Top Lofts yields the
    ?
    highest rent prices out of 18 condos in the Fort York neighbourhood

    High Demand

    Tip Top Lofts is the
    ?
    most popular building out of 18 condos in the Fort York neighbourhood

    Transaction Insights at 637 Lake Shore Boulevard W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$590,000 - $750,000$1,020,000 - $1,150,000$1,300,000 - $1,730,000$1,725,000No Data
    Avg. Cost Per Sqft$1,073$1,166$1,104$1,233No Data
    Avg. Wait for Unit Availability51 Days58 Days169 Days225 Days2116 Days
    Ratio of Units in Building47%34%12%8%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Fort York