Tip Top Lofts
3Listings for Salefor Sale
0Listings for Rentfor Rent
637 Lake Shore Blvd W
Tip Top Lofts
637 Lake Shore Blvd Wexpand addresses list
    3Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    78
    Transit Score
    92
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Average
    Property Type
    Hard Loft
    Developer
    Context Developments
    Condo Completion
    2006
    Property Management
    Crossbridge Condominium Services Ltd.
    Unit Size Range
    474 - 3150 SQFT
    Number of Units
    256
    Number of Storeys
    11

    637 Lake Shore Blvd W, Toronto

    About this loft

    Loft Overview

    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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    Amenities

    Rooftop Deck/Garden
    Party/Meeting Room
    Gym
    Recreation Room
    Underground Parking
    Concierge
    Sauna
    Games Room
    BBQ
    Outdoor Pool
    Visitor Parking
    Media Room

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Tip Top Lofts vs The Fort York Area

    $121.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Tip Top Lofts's Avg
    price per SQFT
    $1,151
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,030
    / SQFT

    Building Trends At Tip Top Lofts

    Days on Market

    Units at Tip Top Lofts spend an average of
    13
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    3%
    above
    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
    5.2
    YEARS before being sold again

    Property Value

    14%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 16 condos in the Fort York area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    35
    Units were Rented over the past twelve months

    Best Value

    Tip Top Lofts offers the
    ?
    best value out of 16 condos in the Fort York neighbourhood

    Return on Investment

    Tip Top Lofts has the
    ?
    highest ROI out of 16 condos in the Fort York neighbourhood

    Rental Yield

    Tip Top Lofts yields the
    ?
    highest rent prices out of 16 condos in the Fort York neighbourhood

    High Demand

    Tip Top Lofts is the
    ?
    most popular building out of 16 condos in the Fort York neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed549 - 2073 SQFT
    Average Cost Per Sqft$940
    Sales Price Range$650,000 - $967,000
    Rental Price Range$1,850 - $3,200
    1 Bed + Den624 - 1897 SQFT
    Average Cost Per Sqft$1,062
    Sales Price Range$829,000 - $1,210,000
    Rental Price Range$1,900 - $3,600
    2 Bed1000 - 1980 SQFT
    Average Cost Per Sqft$1,200
    Sales Price Range$1,550,000 - $2,200,000
    Rental Price Range$3,200 - $6,500
    2 Bed + Den842 - 2300 SQFT
    Average Cost Per Sqft$1,423
    Sales Price Range$2,200,000 - $3,500,000
    Rental Price Range$3,000 - $4,100

    How Often Are Units Listed?

    1 Bed510 - 2073 SQFT
    Average Sales Availability
    Every41Days
    Average Rental Availability
    Every34Days
    Ratio of Unit Type in Building48%
    1 Bed + Den618 - 3000 SQFT
    Average Sales Availability
    Every48Days
    Average Rental Availability
    Every72Days
    Ratio of Unit Type in Building32%
    2 Bed717 - 2000 SQFT
    Average Sales Availability
    Every165Days
    Average Rental Availability
    Every112Days
    Ratio of Unit Type in Building13%
    2 Bed + Den842 - 2300 SQFT
    Average Sales Availability
    Every185Days
    Average Rental Availability
    Every255Days
    Ratio of Unit Type in Building8%
    3 Bed2550 - 2550 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%

    Maintenance Fees
    Tip Top Lofts vs The Fort York Area

    $0.02
    Less Expensive
    per SQFT compared to the neighbourhood average
    Tip Top Lofts's Avg
    monthly maintenance
    fee per SQFT
    $0.65
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.67
    / SQFT

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