Madison Avenue Lofts
4Listings for Salefor Sale
3Listings for Rentfor Rent
380 Macpherson Ave
Madison Avenue Lofts
380 Macpherson Aveexpand addresses list
    4Listings for Salefor Sale
    3Listings for Rentfor Rent
    Walk Score
    91
    Transit Score
    85
    Bike Score
    70
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Average
    Property Type
    Hard Loft
    Developer
    Burnac Corporation
    Condo Completion
    2009
    Property Management
    ICC Property Management Toronto
    Unit Size Range
    549 - 1809 SQFT
    Number of Units
    211
    Number of Storeys
    6

    380 Macpherson Ave, Toronto

    About this loft

    Loft Overview

    While authentic loft conversions aren't so rare in Toronto anymore, art-deco architecture certainly is. Victorian, Edwardian, and Georgian-style designs are common for homes, while loft conversions tend to maintain the classic, functional aesthetics of 19th- and 20th-century industrial structures. Technically, the Madison Avenue Lofts could even be called “art-deco revival,” since they were built in 1951, about 30 years after the style’s initial conception.

    It’s hard to believe it today, but the area surrounding 380 Macpherson Avenue was once an industrial hotbed. Today, however, the area around the Madison Avenue Lofts is known as Casa Loma neighbourhood, and is home to George Brown College, and numerous charming tree-lined residential streets.

    Originally a warehouse for Toronto Hydro, 380 Macpherson became the Madison Avenue Lofts in 2009, thanks to Burnac Corporation. In the process, 211 residential units were created, along with a stellar lineup of amenities. Residents have access to a movie theatre, meeting room, and common rooftop terrace, as well as a gym and sauna, although those living at the Madison Lofts are also encouraged to take a step outside every now and then.

    While homes in the downtown core require ample height to offer a good view of the city, these lofts are strategically placed. At only 6 storeys tall, it’s the building’s placement atop a hill that allows south-facing units those sweeping vistas of the cityscape.

    The Suites

    As with the façade, the interiors at 380 Macpherson continue to march to the beat of their own drum. Instead of relying on a singular aesthetic, multiple styles are juxtaposed to distinguish these hard lofts from the typical, cookie-cutter condo. Exposed concrete, for example, is a prevalent reminder of the building’s former life, while 14-foot ceilings once built for ample storage space now offers contemporary residents with bright and airy living spaces. Then, ultra-modern kitchens and bathrooms, plus sleek hardwood flooring, add a much-needed hint of modernity.

    While the expansive amount of glass might have been there to begin with, the developers behind the residential conversion of 380 Macpherson clearly embraced this material. One unit boasts a solarium — a room made entirely of windows — as well as an outdoor patio. Corner units are also especially bright, with panes reaching from floor to ceiling on multiple walls.

    Rare for an authentic conversion, many of the homes at the Madison Avenue Lofts afford their owners with private outdoor spaces. For those units without, a shared rooftop terrace is always available to use.

    In terms of size, these lofts range to suit the needs of a variety of buyers. Cozier lofts begin at 550 square feet, with grander homes reaching to almost 2,000, exceeding the largest suite sizes of most Toronto condos for sale.

    The Neighbourhood

    The Madison Avenue Lofts may be set in a residential neighbourhood, however this doesn’t mean that everything a resident could need is too far off. For quick grocery trips, Food Depot at Dupont and Davenport will do, while an LCBO is also just down the street. Numerous restaurants and cafés are similarly just a short walk away on Dupont Street.

    From 380 Macpherson, The Annex and Yorkville are both within close reach. Dynamically different from one another, either of these areas are ideal spots for a quick bite, or for meandering on a lazy Sunday afternoon.

    The Annex, the more laid-back of the two, feels scholastic thanks to its location nearby the University of Toronto. As a result, inexpensive restaurants, book stores, specialty shops, and markets can be found here. Entertainment is also abundant in the Annex: between catching a documentary at the Ted Rogers Hot Docs Cinema or a live show at Lee’s Palace, it really is difficult to become bored here.

    Yorkville, on the other hand, is ritzy as can be. Celebrity sightings are frequent here, especially during the Toronto International Film Festival. Special occasions can be celebrated at any of the upscale restaurants and bars in this area, while window-shopping is another ideal way to spend the day.

    Transportation

    Thankfully, there’s no need for a vehicle of one’s own when living at the Madison Avenue Lofts. Dupont Station, on the University-Spadina line, can be reached in a three-minute walk. Alternatively, Spadina Station is a short walk away as well, ideal for those looking for quick access to the Bloor-Danforth subway line.

    For those that do own cars, they're ideally situated just north of the true downtown traffic. While rush hour driving still becomes hectic here, Dupont and Davenport are fast-paced routes for travel east and west. Residents are also ideally situated in between all four of Toronto’s major highways: the 401, the 427, the Don Valley Parkway, and the Gardiner Expressway.

    3

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Visitor Parking
    BBQ
    Party/Meeting Room
    Gym
    Concierge
    Rooftop Deck/Garden
    Media Room
    Sauna

    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
    Madison Avenue Lofts vs The Casa Loma Area

    $22.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Madison Avenue Lofts's Avg
    price per SQFT
    $971
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $993
    / SQFT

    Building Trends At Madison Avenue Lofts

    Days on Market

    Units at Madison Avenue Lofts spend an average of
    17
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    2%
    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
    6.6
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 22 condos in the Casa Loma area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value

    Madison Avenue Lofts offers the
    ?
    best value out of 22 condos in the Casa Loma neighbourhood

    Return on Investment

    Madison Avenue Lofts has the
    ?
    highest ROI out of 22 condos in the Casa Loma neighbourhood

    Rental Yield

    Madison Avenue Lofts yields the
    ?
    highest rent prices out of 22 condos in the Casa Loma neighbourhood

    High Demand

    Madison Avenue Lofts is the
    ?
    most popular building out of 22 condos in the Casa Loma neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed570 - 1097 SQFT
    Average Cost Per Sqft$909
    Sales Price Range$473,000 - $1,200,000
    Rental Price Range
    N/A
    1 Bed + Den649 - 1002 SQFT
    Average Cost Per Sqft$888
    Sales Price Range$578,000 - $855,000
    Rental Price Range$1,900 - $2,600
    2 Bed755 - 1095 SQFT
    Average Cost Per Sqft$1,007
    Sales Price Range$645,000 - $1,135,000
    Rental Price Range$2,750 - $2,750
    2 Bed + Den1073 - 1485 SQFT
    Average Cost Per Sqft$851
    Sales Price Range$1,055,000 - $1,055,000
    Rental Price Range$4,250 - $4,900
    3 Bed1355 - 1355 SQFT
    Average Cost Per Sqft$1,099
    Sales Price Range$1,450,000 - $1,450,000
    Rental Price Range
    N/A

    How Often Are Units Listed?

    Studio549 - 665 SQFT
    Average Sales Availability
    Every278Days
    Average Rental Availability
    Every506Days
    Ratio of Unit Type in Building7%
    1 Bed549 - 1097 SQFT
    Average Sales Availability
    Every261Days
    Average Rental Availability
    Every813Days
    Ratio of Unit Type in Building10%
    1 Bed + Den604 - 1600 SQFT
    Average Sales Availability
    Every51Days
    Average Rental Availability
    Every135Days
    Ratio of Unit Type in Building39%
    2 Bed755 - 1809 SQFT
    Average Sales Availability
    Every71Days
    Average Rental Availability
    Every183Days
    Ratio of Unit Type in Building30%
    2 Bed + Den1050 - 1500 SQFT
    Average Sales Availability
    Every134Days
    Average Rental Availability
    Every312Days
    Ratio of Unit Type in Building15%
    3 Bed1355 - 1355 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%

    Maintenance Fees
    Madison Avenue Lofts vs The Casa Loma Area

    $0.05
    Less Expensive
    per SQFT compared to the neighbourhood average
    Madison Avenue Lofts's Avg
    monthly maintenance
    fee per SQFT
    $0.71
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.76
    / SQFT

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