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    Market Wharf II Lofts

    1 Market Street

    2for Sale
    6for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    34
    Number of Units:
    357
    Condo Completion:
    2013
    Condo Demand:
    Medium
    Unit Size Range:
    375 - 2,400 SQFT
    Unit Availability:
    Medium

    Listing History for Market Wharf II Lofts

    Amenities

    Party Room
    Concierge
    Sauna
    Gym Room
    Guest Suites
    Rooftop Deck

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1 Market StreetMarket Wharf II Lofts

    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.

    2

    Listings For Sale

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    6

    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.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

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

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Days on Strata

    Units at Market Wharf II Lofts spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    2%
    below
    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
    6.8
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    17th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    29
    Units were Rented over the past twelve months

    Best Value Rank

    Market Wharf II Lofts offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    Market Wharf II Lofts has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    Market Wharf II Lofts yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    Market Wharf II Lofts is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 1 Market Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$650,000$655,000 - $658,000$1,070,000 - $2,735,000$910,000 - $2,675,000No Data$2,300,000
    Avg. Cost Per SqftNo Data$1,040$1,049$1,273$1,228No Data$1,270
    Avg. Wait for Unit Availability836 Days94 Days80 Days64 Days123 DaysNo Data2179 Days
    Ratio of Units in Building4%26%28%23%19%1%1%

    Maintenance Fees

    Market Wharf II Lofts vs The St. Lawrence Area

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