Market Wharf II Lofts
3Listings for Salefor Sale
2Listings for Rentfor Rent
1 Market St
Market Wharf II Lofts
1 Market Stexpand addresses list
    3Listings for Salefor Sale
    2Listings for Rentfor Rent
    Walk Score
    99
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    Above Average
    Property Type
    Soft Loft
    Developer
    Context Development
    Condo Completion
    2013
    Property Management
    Goldview Property Management Ltd
    Unit Size Range
    375 - 2400 SQFT
    Number of Units
    357
    Number of Storeys
    34

    1 Market St | Market Wharf II Lofts | Toronto, ON

    About this loft

    Loft Overview

    What could be better than living in a building named after Toronto’s most beloved food market? Living right beside it, of course. In fact, the soft lofts at 1 Market Street are named for both St. Lawrence Market as well as its proximity to Lake Ontario. For those who don’t know, a wharf is synonymous with a quay — a place for boats to dock in a harbour.

    Even with all of these exciting surroundings, the Market Wharf 2 Condo Lofts still manages to steal the show. An eye-catching, 34-storey tower juts from a red brick podium, both of which combined comprise Market Wharf 2 Lofts. The tower features an ultra-modern design brought to Toronto by Context Developments, with glass-clad balconies seemingly on alternating angles. Some say these resemble sails moving to and fro in the wind, while others might opt to compare them with the waves of the water below, or the shifting clouds overhead.

    The Market Wharf II’s sister building, Market Wharf, is located nearby as well, at 3 Market Street. Built two years earlier, there was clearly enough demand after the initial building’s success to warrant a second, 357-unit residence next door at 1 Market Street.

    Completed in 2013, the tower at Market Wharf 2 Lofts reaches to 34 storeys, allowing for some really remarkable views. Even from the gym residents can peer into the world outside, thanks to floor-to-ceiling windows that surround exercisers at 1 Market Street. The building also boasts a cinema, party room, and guest suites, as well as visitor parking.

    The Suites

    In order to distinguish between the various options afforded to prospective buyers (or so as not to confuse current residents), different layouts have been named by Context Developments. Market Flats, for example, consist of one storey, and these aptly face toward St. Lawrence Market. Market Towns overlook the same market, however these span two levels and boast private terraces.

    Next come the Water Suites, which cover one storey, and offer views of Lake Ontario. And finally there are the penthouses, located on the uppermost levels and always ready to impress. Thanks to the building’s height, however, outstanding views can be had from every type of unit.

    When it comes to size, the homes in Market Wharf 2 Lofts can be very generous. While those looking to land Toronto condos for sale without breaking the bank will be more than pleased with the smaller units that begin at about 400 square feet, the largest homes here reach to a stunning 2,700 — that’s almost double the size of the largest unit at Market Wharf I.

    As mentioned, balconies are prevalent throughout the lofts at 1 Market Street. One terrace that comes attached to a three-bedroom penthouse unit even measures in at just over 1,200 square feet. A wavy wall of glass wraps its way around this particular unit, making for arguably some of the best natural lighting in the city.

    The Neighbourhood

    After the building has been explored, and the amenities taken full advantage of, there will surely come a moment when new residents of Market Wharf II are ready to venture out into the St. Lawrence Market neighbourhood. Luckily, the St. Lawrence Market area is chock-full of entertainment, shops, green spaces, and more.

    To begin with the obvious, St. Lawrence Market is just next door to Market Wharf II. This spot is ideal for stocking up on fresh produce, fish and meat, and baked goods, as well as bulk goods, spices, and ready-made meals from a range of Toronto’s global residents. Dating back to 1803, the tradition of the farmers market even remains today: on Saturdays, a weekly produce market inhabits the North building, while this space is taken over by antique hawkers on Sundays.

    Those looking to enjoy some culture can visit a number of establishments in the area, such as the Hockey Hall of Fame, the Sony Centre for the Performing Arts, or the Design Exchange, all of which are within walking distance from 1 Market Street. The Distillery District is also within close reach, as well as the Entertainment District, home to the Scotiabank Arena, the Rogers Centre, the CN Tower, and the Ripley’s Aquarium.

    Transportation

    Even those who need to visit other areas of the city on a daily basis are in luck, thanks to the Market Wharf 2’s central location. Jarvis Street is an ideal route for both drivers and cyclists heading north, while Front Street East and the Gardiner Expressway will surely be taken advantage of by any car owner living in the building.

    Public transit is equally accessible from 1 Market Street. Union Station is a 10-minute walk away, while a bus ride will shave 2 minutes off the journey, and protect travellers from the cold once the weather turns.

    3

    Listings For Sale

    Interested in receiving new listings for sale?

    2

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

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

    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
    Market Wharf II Lofts vs The St. Lawrence Area

    $205.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Market Wharf II Lofts's Avg
    price per SQFT
    $1,168
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $963
    / SQFT

    Building Trends At Market Wharf II Lofts

    Days on Market

    Units at Market Wharf II Lofts spend an average of
    17
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    5%
    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
    6.3
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 62 condos in the St. Lawrence area

    Sold Units

    28
    Units were Sold over the past twelve months

    Rented Units

    64
    Units were Rented over the past twelve months

    Best Value

    Market Wharf II Lofts offers the
    ?
    best value out of 62 condos in the St. Lawrence neighbourhood

    Return on Investment

    Market Wharf II Lofts has the
    ?
    highest ROI out of 62 condos in the St. Lawrence neighbourhood

    Rental Yield

    Market Wharf II Lofts yields the
    ?
    highest rent prices out of 62 condos in the St. Lawrence neighbourhood

    High Demand

    Market Wharf II Lofts is the
    ?
    most popular building out of 62 condos in the St. Lawrence neighbourhood

    Sales vs Rental Values For This Loft

    Studio375 - 400 SQFT
    Average Cost Per Sqft$1,124
    Sales Price Range$414,000 - $445,000
    Rental Price Range$1,300 - $1,550
    1 Bed400 - 700 SQFT
    Average Cost Per Sqft$1,145
    Sales Price Range$531,000 - $830,000
    Rental Price Range$1,540 - $2,600
    1 Bed + Den508 - 850 SQFT
    Average Cost Per Sqft$1,134
    Sales Price Range$690,000 - $865,000
    Rental Price Range$1,650 - $2,700
    2 Bed736 - 1218 SQFT
    Average Cost Per Sqft$1,089
    Sales Price Range$810,000 - $1,420,000
    Rental Price Range$2,500 - $4,150
    2 Bed + Den801 - 1208 SQFT
    Average Cost Per Sqft$1,091
    Sales Price Range$860,000 - $1,260,000
    Rental Price Range$2,600 - $3,800

    How Often Are Units Listed?

    Studio375 - 400 SQFT
    Average Sales Availability
    Every413Days
    Average Rental Availability
    Every109Days
    Ratio of Unit Type in Building5%
    1 Bed400 - 849 SQFT
    Average Sales Availability
    Every77Days
    Average Rental Availability
    Every28Days
    Ratio of Unit Type in Building27%
    1 Bed + Den500 - 894 SQFT
    Average Sales Availability
    Every60Days
    Average Rental Availability
    Every25Days
    Ratio of Unit Type in Building29%
    2 Bed736 - 1708 SQFT
    Average Sales Availability
    Every58Days
    Average Rental Availability
    Every60Days
    Ratio of Unit Type in Building25%
    2 Bed + Den801 - 1899 SQFT
    Average Sales Availability
    Every112Days
    Average Rental Availability
    Every59Days
    Ratio of Unit Type in Building17%
    3 Bed1880 - 1880 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%
    3 Bed + Den2400 - 2400 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%

    Maintenance Fees
    Market Wharf II Lofts vs The St. Lawrence Area

    $0.20
    Less Expensive
    per SQFT compared to the neighbourhood average
    Market Wharf II Lofts's Avg
    monthly maintenance
    fee per SQFT
    $0.59
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.79
    / SQFT

    Similar lofts