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    River City I Lofts
    by Urban Capital Property Group

    51 Trolley Crescent & 47 Lower River Street

    2for Sale
    5for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    16
    Number of Units:
    345
    Condo Completion:
    2013
    Condo Demand:
    Medium
    Unit Size Range:
    305 - 1,744 SQFT
    Unit Availability:
    High
    Property Management:
    Crossbridge Condominium Services Ltd.

    Listing History for River City I Lofts

    Amenities

    Gym Room
    Rooftop Deck
    Games Room
    Visitor Parking
    Bike Storage
    Concierge

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 51 Trolley CrescentRiver City I Lofts

    This remarkable housing complex, known as River City Lofts, is the first phase of a three-part project. It's conveniently located at 51 Trolley Crescent and 47 Lower River Street, and was built back in 2013, followed by River City II Lofts and River City Phase 3.

    The developer, Urban Capital, wasn’t simply granted free reign over the coveted West Don Lands where this property is located. Rather, the firm competed against a slate of international developers for the opportunity to build River City Condo Lofts.

    Even since this victory, Urban Capital hasn’t stopped raking in the awards for this set of condos. The building was named 'Best Design' by the Building Industry and Land Development Association, and is recognized as the first carbon-neutral residential building in Toronto. Efficiency, sustainability, and modern livability are all concepts valued by these developers, and clearly that kind of forward-thinking attitude has paid off.

    River City I Lofts has a mysterious, yet refined aesthetic, thanks to the dark colours that decorate up its façade. The heavy use of glass also mimics older, industrial buildings that surround 51 Trolley Crescent and 47 Lower River, allowing this contemporary structure to blend in, while simultaneously standing out for its innovative design.

    As the address suggests, these lofts are technically comprised of two separate buildings. A connecting tunnel encased in glass leads from one to the other, a number of storeys above ground level. And regardless of which building one opts for, all residents have access to an outdoor swimming pool, a gym, visitor parking, and a media room located within a glass lightbox.

    The Suites

    Once inside, things don’t get any less exciting. With such a large number of units — 349 to be precise — there was ample room for creating varying sizes and styles of homes during the design process. With homes beginning at 350 and reaching to around 1,750 square feet, there are Toronto condos for sale here to please everyone.

    Validating River City I’s status as a contemporary soft loft are the many industrial elements found in the interiors of these homes. Ductwork is left exposed, while raw concrete can also be found throughout. Walls are clad in windows, and layouts are open and airy. And to top it all off, private outdoor spaces are abundant, especially at 51 Trolley Crescent. One lucky homeowner can even enjoy the 1,000 square foot terrace off of a penthouse, while another can take their pick of the 7 Juliet balconies found throughout their 2-storey loft.

    The Neighbourhood

    The West Don Lands can be found in between three of Toronto’s most unique areas: The Distillery District, St. Lawrence Market area, and Corktown neighbourhood. The Distillery, with its cobblestone roads and repurposed industrial spaces, is distinctive from the more residential, laid back, Corktown neighbourhood. St. Lawrence, on the other hand, is the most bustling of the three, with the market — Toronto’s very best — acting as a central attraction.

    The West Don Lands, thanks to its carefully thought out master plan, contains everything a local might need. From parks to bike paths and pedestrian routes, to community centres, schools, and retail businesses. A few new parks have even stirred up excitement in the past couple of years, such as Corktown Common and Underpass Park.

    Also not far off from 51 Trolley Crescent are some of Toronto’s most exciting venues, including the Rogers Centre and the Scotiabank Arena, as well as endless shopping options at the Eaton Centre.

    Transportation

    With River City I Lofts located in the East End of Toronto, traffic becomes less of an issue. Hopping onto the Don Valley Parkway allows drivers to ride north toward the 401 or south to the Gardiner Expressway. Alternatively, Queen Street is also right around the corner, which will transport drivers straight into the downtown core.

    Those using public transit will also ride along Queen East, as the streetcar here connects passengers with the Yonge subway line at Queen Station. From here, Union Station is a few short stops away, where those heading out of the city can connect with the UP service to Pearson International Airport, as well as VIA Rail trains and GO trains and buses.

    2

    Listings For Sale

    Interested in receiving new listings for sale?

    5

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

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

    Population
    11,959
    Average Individual Income
    $60,766
    Average Household Size
    0 persons
    Average Age
    6
    Average Household Income
    $102,581
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    47%
    Detached
    33%
    Semi Detached
    10%
    Duplex
    5%
    Low Rise Apartment
    4%
    Marital Status
    Commute
    Languages
    Telugu
    1%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Mandarin
    6%
    Cantonese
    6%
    Tamil
    3%
    Other
    81%
    Education
    High School
    23%
    Apprenticeship
    3%
    University and Above
    40%
    College
    15%
    University Below Batchelor
    3%
    None
    14%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    11%
    Architecture & Engineering
    22%
    Humanities
    4%
    Physical Sciences
    5%
    Math & Computer Sciences
    10%
    Social Sciences
    9%
    Education
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%
    Business Management
    25%

    Price Trends

    Building Trends At River City I Lofts

    Days on Strata

    Units at River City I Lofts spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    6.1
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 14 condos in the Corktown area

    Sold Units

    20
    Units were Sold over the past twelve months

    Rented Units

    39
    Units were Rented over the past twelve months

    Best Value Rank

    River City I Lofts offers the
    ?
    best value out of 14 condos in the Corktown neighbourhood

    Appreciation Rank

    River City I Lofts has the
    ?
    highest ROI out of 14 condos in the Corktown neighbourhood

    Rental Yield

    River City I Lofts yields the
    ?
    highest rent prices out of 14 condos in the Corktown neighbourhood

    High Demand

    River City I Lofts is the
    ?
    most popular building out of 14 condos in the Corktown neighbourhood

    Transaction Insights at 51 Trolley Crescent

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$405,000$470,000 - $620,000$501,000 - $795,000$815,000 - $1,100,000$1,133,000No DataNo Data
    Avg. Cost Per Sqft$1,301$1,000$973$946$1,080No DataNo Data
    Avg. Wait for Unit Availability165 Days26 Days72 Days65 Days143 Days680 DaysNo Data
    Ratio of Units in Building5%57%21%13%6%1%1%

    Maintenance Fees

    River City I Lofts vs The Corktown Area

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