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    The Candy Factory Lofts

    993 Queen Street W

    0for Sale
    2for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    6
    Number of Units:
    121
    Condo Completion:
    1999
    Condo Demand:
    Low
    Unit Size Range:
    800 - 3,600 SQFT
    Unit Availability:
    Low

    Listing History for The Candy Factory Lofts

    Amenities

    Security System
    BBQ
    Visitor Parking
    Rec Room
    Party Room
    Concierge

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 993 Queen Street 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.

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    Listings For Rent

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    Explore Neighbourhood

    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
    3 persons
    Average Age
    42
    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 (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West


    Days on Strata

    Units at The Candy Factory Lofts spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    8%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    4.2
    YEARS before being sold again

    Property Value

    3%
    Increase in property value within the past twelve months

    Price Ranking

    17th
    Highest price per SQFT out of 51 condos in the Queen West area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    11
    Units were Rented over the past twelve months

    Best Value Rank

    The Candy Factory Lofts offers the
    ?
    best value out of 51 condos in the Queen West neighbourhood

    Appreciation Rank

    The Candy Factory Lofts has the
    ?
    highest ROI out of 51 condos in the Queen West neighbourhood

    Rental Yield

    The Candy Factory Lofts yields the
    ?
    highest rent prices out of 51 condos in the Queen West neighbourhood

    High Demand

    The Candy Factory Lofts is the
    ?
    most popular building out of 51 condos in the Queen West neighbourhood

    Transaction Insights at 993 Queen Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$900,000 - $1,160,000No Data$1,375,000 - $2,430,000No DataNo Data
    Avg. Cost Per Sqft$1,116No Data$1,085No DataNo Data
    Avg. Wait for Unit Availability131 Days190 Days172 Days757 DaysNo Data
    Ratio of Units in Building44%20%23%14%1%

    Maintenance Fees

    The Candy Factory Lofts vs The Queen West Area

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