pin_buy66 Portland St
0Listings for Salefor Sale
0Listings for Rentfor Rent
building_buy66 Portland
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    building_buy66 Portland
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walkability
    10/10
    Transit
    10/10
    Bikeability
    7/10
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    low
    Property Type
    Soft Loft
    Developer
    Freed Developments
    Condo Completion
    2006
    Property Management
    Goldview Property Management Ltd
    Unit Size Range
    501 - 3459 SQFT
    Number of Units
    85
    Number of Storeys
    9

    66 Portland St, Toronto

    About this loft

    Loft Overview

    Who ever knew that concrete, glass, and steel could look so good? Leave it to Peter Freed, president of Freed Development Corp., and developer deemed “the man who made King Street West” by the Globe and Mail. In 2006, Freed bestowed 82 loft style homes upon Torontonians in his mid-rise soft loft construction at 66 Portland Street.

    The boutique building spans 9 storeys, and the exterior is speckled with refreshing wood details along the ground level to soften the look and invite residents in. In a neighbourhood with an industrial past and a fashion-forward future, the lofts at 66 Portland embody the dynamic nature of Toronto and its residents.

    Upon its initial appearance on the market, almost every Toronto condos for sale in this building was scooped up within 10 months — testament to the design, Freed’s reputation, and the neighbourhood itself. Or perhaps these buyers were simply infatuated with the array of amenities on offer, such as a common rooftop terrace and parking for residents and their guests, as well as a pet-friendly policy.

    The Suites

    The remarkable lofts at 66 Portland are versatile as ever, with a range of sizes starting at 500 square feet and reaching all the way to 3,000 at their largest. These King West condos come equipped with either one bedroom or two. The lofts then allow single professionals who spend little time at home to create a cozy space to rest their heads, while neighbours down the hall may even opt to turn second bedrooms into a home office.

    Stylistically speaking, the loft suites are a hybrid of contemporary and industrial aesthetics. The homes are evidently modern, as illustrated by elegant and sophisticated finishes, while coarser details typically found in an older conversion remain: exposed concrete ceilings and columns are set within crisp white walls; sleek glass surrounds common living spaces, with exposed ductwork floating gently above.

    The suites are quite opulent as well. Ceiling heights reach to 10 feet tall, floors are made of gorgeous hardwood, and each home comes equipped with private outdoor space. One generously sized terrace even features sprinklers to keep foliage alive, for those times when life gets in the way of one’s gardening responsibilities.

    The Neighbourhood

    Located in the ultra trendy King West area, 66 Portland and its residents could very well be some of the best-situated Torontonians out there. Within the borders of the Fashion District, the current state of cool in the area is a nod to the neighbourhood’s beginnings.

    Originally home to the factories responsible for clothing Toronto locals, what remains today are the reinvented frames of these vintage structures. For example, Bar Wellington currently provides locals with handcrafted cocktails from within a Victorian-era heritage building. Another great example is the structure at 460 King West, which built in 1882, is now home to a co-working and event space geared toward freelancing millennials.

    For swanky nights on the town, residents can find a number of upscale dining options along King West, Adelaide, and Wellington. The Thompson Hotel is also just around the corner, where options for after-dark entertainment include a swim up on the rooftop or drinks and dancing at Wildflower, either of which can be followed by a late night bite at the diner, which is open 24 hours a day.

    For outdoorsy residents, Victoria Memorial Park is seconds from 66 Portland. Extremely adventurous types, however, may need to travel slightly further to get a true rush — thankfully Lake Ontario is just to the south, where water sports of all sorts are awaiting. Alternatively, Trinity Bellwoods Park is within close proximity and features tennis courts, a hockey rink, and multiple baseball diamonds.

    Transportation

    Traveling around downtown Toronto is simple with 66 Portland as a home base. To start, residents working in the financial district will find commutes a breeze — one can even opt to walk or cycle to work when the weather permits.

    Those using public transportation to access the centre of the city can hop on an eastbound streetcar toward St. Andrew station, where trains heading north and south can be reached. Bathurst streetcars transport passengers north toward Bathurst station on the Bloor-Danforth Line as well. And as for late night travel, services along Queen and Bathurst Streets run 24 hours a day.

    Residents can access the Gardiner Expressway via Spadina Avenue. From here, the 427 to the west and the Don Valley Parkway to the east are easy to reach. For travel nearer to home, Adelaide and Richmond Streets are one-way streets that tend to move rather quickly — if one can manage to avoid driving during rush hour, that is.

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    Amenities

    Bike Storage
    Security System
    BBQ
    Visitor Parking

    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
    66 Portland vs The King West Area

    $1.00
    More Expensive
    per SQFT compared to the neighbourhood average
    66 Portland's Avg
    price per SQFT
    $1,131
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,130
    / SQFT

    Building Trends At 66 Portland

    Days on Market

    Units at 66 Portland spend an average of
    4
    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
    5.1
    YEARS before being sold again

    Property Value

    8%
    Increase in property value within the past twelve months

    Price Ranking

    36th
    Highest price per SQFT out of 95 condos in the King West area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value

    66 Portland offers the
    ?
    best value out of 95 condos in the King West neighbourhood

    Return on Investment

    66 Portland has the
    ?
    highest ROI out of 95 condos in the King West neighbourhood

    Rental Yield

    66 Portland yields the
    ?
    highest rent prices out of 95 condos in the King West neighbourhood

    High Demand

    66 Portland is the
    ?
    most popular building out of 95 condos in the King West neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed509 - 630 SQFT
    Average Cost Per Sqft$1,217
    Sales Price Range$610,000 - $610,000
    Rental Price Range$1,950 - $2,800
    1 Bed + Den630 - 963 SQFT
    Average Cost Per Sqft$1,051
    Sales Price Range$705,818 - $955,000
    Rental Price Range$2,400 - $2,600
    2 Bed1300 - 1300 SQFT
    Average Cost Per Sqft$1,145
    Sales Price Range$1,500,000 - $1,500,000
    Rental Price Range
    N/A

    How Often Are Units Listed?

    1 Bed501 - 900 SQFT
    Average Sales Availability
    Every97Days
    Average Rental Availability
    Every74Days
    Ratio of Unit Type in Building47%
    1 Bed + Den630 - 1000 SQFT
    Average Sales Availability
    Every177Days
    Average Rental Availability
    Every179Days
    Ratio of Unit Type in Building30%
    2 Bed855 - 1300 SQFT
    Average Sales Availability
    Every168Days
    Average Rental Availability
    Every527Days
    Ratio of Unit Type in Building21%
    2 Bed + Den1490 - 3459 SQFT
    Average Sales Availability
    Every1303Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building4%

    Maintenance Fees
    66 Portland vs The King West Area

    $0.09
    Less Expensive
    per SQFT compared to the neighbourhood average
    66 Portland's Avg
    monthly maintenance
    fee per SQFT
    $0.65
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.74
    / SQFT

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