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    The Candy Factory Lofts
    by Metro Ontario Group

    993 Queen St W

    2for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    6
    Number of Units:
    121
    Condo Completion:
    1999
    Condo Demand:
    Medium
    Unit Size Range:
    800 - 3600 SQFT
    Unit Availability:
    Low
    Property Management:
    Nadlan-Harris Property Management

    Amenities

    Gym Room
    BBQ
    Rec Room
    Bike Storage
    Security System
    Car Wash

    Maintenance Fees

    Included:
    None
    Excluded:
    Hydro
    Heat
    Air Conditioning
    Water

    About 993 Queen St WThe Candy Factory Lofts

    Thanks to Willy Wonka, many childhood dreams have involved living inside a candy factory. In Toronto, it’s also a goal for many adults. These more mature dreamers, however, aren’t thinking of fully functioning factories — they’re daydreaming about the Candy Factory Lofts at 993 Queen Street West. These Toronto lofts are everything a loft buyer could imagine and more, as Toronto’s industrial legacy is preserved on the outside, while elegantly renovated homes lie within.

    The original structure, created to house the Ce de Candy Company’s manufacturing plant, was built in the 1930s. Their sweets are no longer produced in the heart of downtown Toronto (they’ve moved over to Newmarket), and the Ce de Candy Company probably had no idea how significant this building would be 70 years after its construction.

    The factory-to-loft conversion took place in 1999 — making it one of the earlier conversions in the city — and was spearheaded by the renowned Metrontario Group. The result of the project was 121 authentic Queen West condos in one of the hottest neighbourhoods in Toronto. It was not only lofts that trendsetters at the turn of the new millennium were after, but also Queen West.

    The Candy Factory certainly has an edge over other buildings in the city, thanks to its character-filled façade. The cool, light brickwork and myriad of warehouse-style windows call the attention of shoppers strolling along Queen Street. The sizeable sign sitting just above two soaring arched doorways begs one question from passersby: “I wonder what they look like inside?”

    Another clue that this building is special is the extremely low turnover rate, and the substantial price that buyers are willing to pay for Queen West condos for sale in this complex. Yet another hint is the fact that producers have chosen 993 Queen Street West as a location for numerous commercials and movies. And we won’t name names, but rumour has it a few prominent actors and artists also inhabit the building.

    If you aren’t frightened away by the hefty price tags, you’ll want to keep reading — the amenities at the Candy Factory Lofts might be a real tipping point. The building is decked out with a gym, a common rooftop terrace, a concierge, a party room, guest suites, and parking for residents and visitors.

    The Suites

    Original elements are aplenty: from hardwood floors to Douglas fir and yellow pine beams, to sandblasted exposed brick. History buffs, design lovers, and pretty much anyone with common sense will appreciate the authenticity and historicism that embody these homes.

    Thankfully, the Candy Factory Lofts were converted before condos started to generally shrink in size. Instead, the homes are shockingly large, with every single home here being larger than the average Toronto condo size. Loft sizes begin at a generous, but still modest, 920 square feet. Larger units in the building, on the other hand, can span up to an impressive 4,200 square feet.

    Notable two-storey penthouses boast spiral staircases, private rooftop terraces, and 14 foot ceiling heights. Even some of the “humbly” sized one bedroom units feature raised bedrooms, in that rare yet highly sought after mezzanine style. Others feature raised dens or dining rooms, just a few steps up. One even boasts a wine room.

    While the homes certainly vary in style, one thing is certain here: each unit is unique.

    The Neighbourhood

    Every homeowner is also equidistant (give or take a few steps down the hallway or an extra floor on the elevator) to the vast greenery of Trinity Bellwoods Park. Neighbours flock here during summer months for picnics, pickup games of baseball, a few hours spent tossing a Frisbee around, or even a tennis match. The park is even well-used during the wintertime, as the north end features a skating rink, a community centre houses two indoor pools, a gym, and a track for walking and running, while the dog bowl is also filled with off-leash pooches all year round.

    The only thing in between the Candy Factory Lofts and Trinity Bellwoods is West Queen West, which, conveniently enough, happens to have been named one of the coolest neighbourhoods in the world by Vogue Magazine in 2014.

    And the area certainly lives up to its title. Carefully curated boutiques doling out everything from handcrafted housewares to specialty cocktail ingredients can be found here. Shopping isn’t the only activity, though. The dining and nightlife scene on Queen West is perhaps one of the best in Toronto, and the street features the highest concentration of art galleries in the city. Even lodging along West Queen West has had to keep up: the Drake and the Gladstone are a couple of “art hotels” that have popped up over the last decade or so.

    Transportation

    While driving in the centre of the downtown core isn’t always pleasant, parking spaces at 993 Queen Street West hint that residents are probably car owners as well. For those who drive, Queen West is the closest east-west arterial route, while Ossington, Dufferin and Bathurst Streets are good options for north-south travel.

    For those heading out of town, Billy Bishop Toronto City Airport can be reached in just under 10 minutes by car, or slightly over 20 when using public transit. Alternatively, Pearson International Airport is accessible in under an hour using the UP service from the Bloor GO/UP station, or in about 20 minutes by car via the Gardiner Expressway and the 427.

    Residents using the TTC for local travel can hop on a streetcar that makes a stop right outside the building, on Queen Street West. This route even runs 24 hours a day, 7 days a week. From here, passengers can transfer onto north-south streetcars on Bathurst, or subway trains at Osgoode Station on the University-Spadina line.

    Listing History for The Candy Factory Lofts

    2

    Listings For Sale

    Interested in receiving new listings for sale?

    1

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

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

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    0 persons
    Average Age
    2
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages
    Tagalog
    1%
    Mandarin
    8%
    Cantonese
    6%
    Korean
    1%
    Tamil
    1%
    English
    41%
    Indigenous Language
    31%
    Other
    11%
    Education
    High School
    21%
    Apprenticeship
    2%
    University and Above
    43%
    College
    15%
    University Below Batchelor
    3%
    None
    12%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    10%
    Architecture & Engineering
    17%
    Humanities
    6%
    Physical Sciences
    5%
    Math & Computer Sciences
    8%
    Social Sciences
    12%
    Education
    5%
    Visual & Performing Arts
    3%
    Business Management
    25%

    Price Trend

    Average price of units sold in Queen West

    Building Trends At The Candy Factory Lofts

    Days on Strata

    Units at The Candy Factory Lofts spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    4%
    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
    4.3
    YEARS before being sold again

    Property Value

    -15%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 48 condos in the Queen West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    15
    Units were Rented over the past twelve months

    Sales vs Rental Values For This Loft

    1 Bed861 - 1400 SQFT
    Average Cost Per Sqft$1,129
    Sales Price Range$900,000 - $1,130,000
    Rental Price Range$4,000 - $5,150
    1 Bed + Den944 - 1484 SQFT
    Average Cost Per Sqft$1,036
    Sales Price Range$1,425,000 - $1,700,000
    Rental Price Range$5,000 - $5,000
    2 Bed1300 - 1735 SQFT
    Average Cost Per Sqft$1,085
    Sales Price Range$1,375,000 - $2,430,000
    Rental Price Range$6,500 - $6,500
    2 Bed + Den1600 - 1600 SQFT
    Average Cost Per SqftNo Data
    Sales Price RangeNo Data
    Rental Price Range$5,600 - $5,600

    How Often Are Units Listed?

    1 Bed800 - 1477 SQFT
    Average Sales Availability
    Every130Days
    Average Rental Availability
    Every78Days
    Ratio of Unit Type in Building44%
    1 Bed + Den937 - 1550 SQFT
    Average Sales Availability
    Every225Days
    Average Rental Availability
    Every230Days
    Ratio of Unit Type in Building19%
    2 Bed1270 - 1735 SQFT
    Average Sales Availability
    Every173Days
    Average Rental Availability
    Every251Days
    Ratio of Unit Type in Building24%
    2 Bed + Den1249 - 2300 SQFT
    Average Sales Availability
    Every727Days
    Average Rental Availability
    Every415Days
    Ratio of Unit Type in Building14%
    3 Bed2300 - 2300 SQFT
    Average Sales Availability
    No Data
    Average Rental Availability
    No Data
    Ratio of Unit Type in Building1%

    Maintenance Fees

    The Candy Factory Lofts vs The Queen West Area
    The Candy Factory Lofts's Avg
    monthly maintenance fee
    $0.56 / SQFT
    Neighbourhood Avg
    monthly maintenance fee
    $0.85 / SQFT

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