Electra Lofts & Townhouses
1Listing for Salefor Sale
0Listings for Rentfor Rent
58-70 Douro St, 1029 King St W & 2-4 Shaw St
Electra Lofts & Townhouses
1Listing for Salefor Sale
0Listings for Rentfor Rent
Walk Score
94
Transit Score
100
Bike Score
61
© MapTiler © OpenStreetMap
0
CONDO Demand
HIGH
Unit Availability
AVERAGE
Property Type
Soft Loft
Developer
Urbancorp
Condo Completion
2002
Property Management
Dowing Property Management
Unit Size Range
350 - 1490 SQFT
Number of Units
264
Number of Storeys
6

Electra Lofts & Townhouses - 58-70 Douro St, 1029 King St W & 2-4 Shaw St - Toronto, ON

1

Listings For Sale

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0

Listings For Rent

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About this loft

Loft Overview

It’s hard to look at King West neighbourhood today and envision the way it was back in industrial times. But sometimes it’s important to think back, and to learn about this area’s significant history. Above all, an understanding of the neighbourhood’s past is interesting for those seeking King West condos for sale, as well as the homeowners who already call this neighbourhood home.

As the story goes, the Massey Ferguson Agricultural Company was the original proprietor of this land. Eventually, as the Toronto’s industrial production moved out of the city centre, many of the buildings were destroyed to make room for what was next.

And what was next, you might ask? Just take a walk along King West and see for yourself, how the neighbourhood has matured into a hotbed of culture and class.

Along with the businesses that have taken up residence here are buildings such as the Electra Lofts. This soft loft at 70 Douro and 1029 King West was constructed by Urbancorp in 2002, and brought a staggering 257 new homes to the area. The developers even managed to arrange the building so that each unit covers two storeys, while some townhouses are also located onsite.

Besides the homes, the Electra Lofts is home to retail businesses on the ground floor as well. And to top things off, exercise facilities and a party room both inhabit the building too.

The Suites

The lofts at 70 Douro and 1029 King Street West are great for those who really value their privacy. With two levels, hosts can entertain on one floor, while bedroom(s) upstairs remain undisturbed. Suites here begin at around 500 square feet, and reach to approximately 1,300. The Electra Lofts come in a range of floorplans as well, from one bedroom to two plus dens.

Thanks to the multi-level layouts at 70 Douro and 1029 King West, ceiling heights in certain lofts reach up to 17 feet, with windows spanning the entirety of these lofty walls. So while natural sunlight is never lacking, those who enjoy taking their morning coffees al fresco will love the balconies or private rooftop terraces attached to these homes.

Style wise, the homes at 70 Douro and 1029 King West are the epitome of soft lofts. Exposed brick is found throughout, as well as concrete ceilings, hardwood flooring, and rare mezzanine style bedrooms.

The Neighbourhood

The Electra Lofts are perfectly situated between two exciting areas. Just to the south is Liberty Village, where converted industrial structures from the early 1900s are now filled with everything from posh brunch spots to numerous innovative media and communications firms. While the latter aren’t so much for exploring on a Sunday afternoon, they do set the stage for the creative types that tend to call the area home.

Just to the north of the loft, on the other hand, is the dynamic Queen West. Here, independent art galleries and small boutiques are abundant. Noontime mimosas or happy hour cocktails become even more enjoyable when set in the modish Drake Hotel, while the Gladstone Hotel is yet another spot that offers much more than just a place to rest one’s head. The Ossington Strip is another area that foodies won’t be able to get enough of.

Those in search of some culture won’t have to look far when heading out from 70 Douro and 1029 King West. Intimate concert venues lining Queen West and Ossington are ideal spots to catch a live act without breaking the bank. Larger scale events are held at the Exhibition Place and the Molson Canadian Amphitheatre, which are both also within walking distance away.

Outdoorsy types can explore the many parks in the neighbourhood no matter what the weather network predicts. Trinity Bellwood Park’s off-leash dog area is packed year-round, and a skating rink is ready and waiting for the temperatures to drop. Garrison Common and Coronation Park are a couple of other great spots for throwing around a Frisbee or an impromptu baseball match. And heading just slightly farther south will land residents of 70 Douro and 1029 King at the balmy shores of Lake Ontario.

Transportation

Residents of the Electra Lofts will make great use of the easy driving and public transit along King Street West. Drivers can reach the Financial District in just over 10 minutes, while streetcars carry passengers to the office in about the same time. For those whose commutes involve north-south travel, Bathurst and Dufferin will also come in handy.

Even cyclists are well situated, as Richmond, Adelaide, and Shaw are all equipped with bike lanes. Those heading out on longer rides might even want to connect with the Martin Goodman Trail, which follows the lakeshore for 56 kilometers of carless travel.

Amenities

Games Room
Recreation Room
Party/Meeting Room
BBQ
Gym
Visitor Parking
Security System

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 For Sale
Price Per SQFT For Sale
SaleRent
Electra Lofts & Townhouses vs The King West Area
SaleRent

$51
Less Expensive
per SQFT compared to the neighbourhood average
Electra Lofts & Townhouses's Avg
price per SQFT
$970
/ SQFT
Neighbourhood Avg
price per SQFT
$1,021
/ SQFT

Building Trends At Electra Lofts & Townhouses

Days on Market

Units at Electra Lofts & Townhouses spend an average of
11
Days on Market
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
5
YEARS before being sold again

Property Value

-3%
Decrease in property value within the past twelve months

Price Ranking

51st
Highest price per SQFT out of 91 condos in the King West area

Sold Units

13
Units were Sold over the past twelve months

Rented Units

29
Units were Rented over the past twelve months

Best Value

Electra Lofts & Townhouses offers the
?
best value out of 91 condos in the King West neighbourhood

Return on Investment

Electra Lofts & Townhouses has the
?
highest ROI out of 91 condos in the King West neighbourhood

Rental Yield

Electra Lofts & Townhouses yields the
?
highest rent prices out of 91 condos in the King West neighbourhood

High Demand

Electra Lofts & Townhouses is the
?
most popular building out of 91 condos in the King West neighbourhood

Sales vs Rental Values For This Loft

Average Cost Per SQFTSales Price RangeRental Price Range
1 Bed549 - 985 SQFT$823$515,000 - $825,000$1,800 - $2,575
1 Bed + Den655 - 900 SQFT$837$607,500 - $776,000$2,150 - $2,600
2 Bed655 - 1000 SQFT$900$788,000 - $921,000$2,200 - $3,000
2 Bed + Den855 - 855 SQFT
N/A
N/A
$2,550 - $2,550
1 Bed549 - 985 SQFT
Average Cost Per Sqft
$823
Sales Price Range
$515,000 - $825,000
Rental Price Range
$1,800 - $2,575
1 Bed + Den655 - 900 SQFT
Average Cost Per Sqft
$837
Sales Price Range
$607,500 - $776,000
Rental Price Range
$2,150 - $2,600
2 Bed655 - 1000 SQFT
Average Cost Per Sqft
$900
Sales Price Range
$788,000 - $921,000
Rental Price Range
$2,200 - $3,000
2 Bed + Den855 - 855 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range
$2,550 - $2,550

How Often Are Units Listed?

Average Sales AvailabilityAverage Rental AvailabilityRatio of Unit Type in Building
1 Bed400 - 1000 SQFT
Every53Days
Every51Days
45%
1 Bed + Den655 - 985 SQFT
Every81Days
Every182Days
26%
2 Bed655 - 1490 SQFT
Every86Days
Every96Days
26%
2 Bed + Den714 - 855 SQFT
Every115Days
Every267Days
4%
1 Bed400 - 1000 SQFT
Average Sales Availability
Every53Days
Average Rental Availability
Every51Days
Ratio of Unit Type in Building
45%
1 Bed + Den655 - 985 SQFT
Average Sales Availability
Every81Days
Average Rental Availability
Every182Days
Ratio of Unit Type in Building
26%
2 Bed655 - 1490 SQFT
Average Sales Availability
Every86Days
Average Rental Availability
Every96Days
Ratio of Unit Type in Building
26%
2 Bed + Den714 - 855 SQFT
Average Sales Availability
Every115Days
Average Rental Availability
Every267Days
Ratio of Unit Type in Building
4%

Maintenance Fees
Electra Lofts & Townhouses vs The King West Area

$0.15
Less Expensive
per SQFT compared to the neighbourhood average
Electra Lofts & Townhouses's Avg
monthly maintenance
fee per SQFT
$0.58
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.73
/ SQFT

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