The Candy Factory Lofts
1Listing for Salefor Sale
0Listings for Rentfor Rent
993 Queen St W
The Candy Factory Lofts
993 Queen St Wexpand addresses list
    1Listing for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    97
    Transit Score
    98
    Bike Score
    60
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Average
    Property Type
    Hard Loft
    Developer
    Metro Ontario Group
    Condo Completion
    1999
    Property Management
    Nadlan-Harris Property Management
    Unit Size Range
    800 - 3600 SQFT
    Number of Units
    121
    Number of Storeys
    6

    993 Queen St W, Toronto

    About this loft

    Loft Overview

    Thanks to Willy Wonka, many childhood dreams have involved living inside a candy factory. In Toronto, it’s also a goal for many adults. These more mature dreamers, however, aren’t thinking of fully functioning factories — they’re daydreaming about the Candy Factory Lofts at 993 Queen Street West. These Toronto lofts are everything a loft buyer could imagine and more, as Toronto’s industrial legacy is preserved on the outside, while elegantly renovated homes lie within.

    The original structure, created to house the Ce de Candy Company’s manufacturing plant, was built in the 1930s. Their sweets are no longer produced in the heart of downtown Toronto (they’ve moved over to Newmarket), and the Ce de Candy Company probably had no idea how significant this building would be 70 years after its construction.

    The factory-to-loft conversion took place in 1999 — making it one of the earlier conversions in the city — and was spearheaded by the renowned Metrontario Group. The result of the project was 121 authentic Queen West condos in one of the hottest neighbourhoods in Toronto. It was not only lofts that trendsetters at the turn of the new millennium were after, but also Queen West.

    The Candy Factory certainly has an edge over other buildings in the city, thanks to its character-filled façade. The cool, light brickwork and myriad of warehouse-style windows call the attention of shoppers strolling along Queen Street. The sizeable sign sitting just above two soaring arched doorways begs one question from passersby: “I wonder what they look like inside?”

    Another clue that this building is special is the extremely low turnover rate, and the substantial price that buyers are willing to pay for Queen West condos for sale in this complex. Yet another hint is the fact that producers have chosen 993 Queen Street West as a location for numerous commercials and movies. And we won’t name names, but rumour has it a few prominent actors and artists also inhabit the building.

    If you aren’t frightened away by the hefty price tags, you’ll want to keep reading — the amenities at the Candy Factory Lofts might be a real tipping point. The building is decked out with a gym, a common rooftop terrace, a concierge, a party room, guest suites, and parking for residents and visitors.

    The Suites

    Original elements are aplenty: from hardwood floors to Douglas fir and yellow pine beams, to sandblasted exposed brick. History buffs, design lovers, and pretty much anyone with common sense will appreciate the authenticity and historicism that embody these homes.

    Thankfully, the Candy Factory Lofts were converted before condos started to generally shrink in size. Instead, the homes are shockingly large, with every single home here being larger than the average Toronto condo size. Loft sizes begin at a generous, but still modest, 920 square feet. Larger units in the building, on the other hand, can span up to an impressive 4,200 square feet.

    Notable two-storey penthouses boast spiral staircases, private rooftop terraces, and 14 foot ceiling heights. Even some of the “humbly” sized one bedroom units feature raised bedrooms, in that rare yet highly sought after mezzanine style. Others feature raised dens or dining rooms, just a few steps up. One even boasts a wine room.

    While the homes certainly vary in style, one thing is certain here: each unit is unique.

    The Neighbourhood

    Every homeowner is also equidistant (give or take a few steps down the hallway or an extra floor on the elevator) to the vast greenery of Trinity Bellwoods Park. Neighbours flock here during summer months for picnics, pickup games of baseball, a few hours spent tossing a Frisbee around, or even a tennis match. The park is even well-used during the wintertime, as the north end features a skating rink, a community centre houses two indoor pools, a gym, and a track for walking and running, while the dog bowl is also filled with off-leash pooches all year round.

    The only thing in between the Candy Factory Lofts and Trinity Bellwoods is West Queen West, which, conveniently enough, happens to have been named one of the coolest neighbourhoods in the world by Vogue Magazine in 2014.

    And the area certainly lives up to its title. Carefully curated boutiques doling out everything from handcrafted housewares to specialty cocktail ingredients can be found here. Shopping isn’t the only activity, though. The dining and nightlife scene on Queen West is perhaps one of the best in Toronto, and the street features the highest concentration of art galleries in the city. Even lodging along West Queen West has had to keep up: the Drake and the Gladstone are a couple of “art hotels” that have popped up over the last decade or so.

    Transportation

    While driving in the centre of the downtown core isn’t always pleasant, parking spaces at 993 Queen Street West hint that residents are probably car owners as well. For those who drive, Queen West is the closest east-west arterial route, while Ossington, Dufferin and Bathurst Streets are good options for north-south travel.

    For those heading out of town, Billy Bishop Toronto City Airport can be reached in just under 10 minutes by car, or slightly over 20 when using public transit. Alternatively, Pearson International Airport is accessible in under an hour using the UP service from the Bloor GO/UP station, or in about 20 minutes by car via the Gardiner Expressway and the 427.

    Residents using the TTC for local travel can hop on a streetcar that makes a stop right outside the building, on Queen Street West. This route even runs 24 hours a day, 7 days a week. From here, passengers can transfer onto north-south streetcars on Bathurst, or subway trains at Osgoode Station on the University-Spadina line.

    1

    Listings For Sale

    Interested in receiving new listings for sale?

    0

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Visitor Parking
    Recreation Room
    Party/Meeting Room
    Security System
    Gym
    Guest Suites
    Concierge
    Rooftop Deck/Garden

    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
    The Candy Factory Lofts vs The Queen West Area

    $40.00
    More Expensive
    per SQFT compared to the neighbourhood average
    The Candy Factory Lofts's Avg
    price per SQFT
    $1,149
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,109
    / SQFT

    Building Trends At The Candy Factory Lofts

    Days on Market

    Units at The Candy Factory Lofts spend an average of
    12
    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
    4.4
    YEARS before being sold again

    Property Value

    5%
    Increase in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 44 condos in the Queen West area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value

    The Candy Factory Lofts offers the
    ?
    best value out of 44 condos in the Queen West neighbourhood

    Return on Investment

    The Candy Factory Lofts has the
    ?
    highest ROI out of 44 condos in the Queen West neighbourhood

    Rental Yield

    The Candy Factory Lofts yields the
    ?
    highest rent prices out of 44 condos in the Queen West neighbourhood

    High Demand

    The Candy Factory Lofts is the
    ?
    most popular building out of 44 condos in the Queen West neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed800 - 1477 SQFT
    Average Cost Per Sqft$1,101
    Sales Price Range$960,000 - $1,565,000
    Rental Price Range$3,150 - $4,150
    1 Bed + Den944 - 1300 SQFT
    Average Cost Per Sqft$1,150
    Sales Price Range$1,171,017 - $1,409,000
    Rental Price Range
    N/A
    2 Bed1600 - 1700 SQFT
    Average Cost Per Sqft$1,039
    Sales Price Range$1,300,000 - $2,100,000
    Rental Price Range$5,900 - $5,900

    How Often Are Units Listed?

    1 Bed800 - 1477 SQFT
    Average Sales Availability
    Every122Days
    Average Rental Availability
    Every112Days
    Ratio of Unit Type in Building44%
    1 Bed + Den937 - 1678 SQFT
    Average Sales Availability
    Every226Days
    Average Rental Availability
    Every195Days
    Ratio of Unit Type in Building16%
    2 Bed1285 - 1735 SQFT
    Average Sales Availability
    Every186Days
    Average Rental Availability
    Every223Days
    Ratio of Unit Type in Building26%
    2 Bed + Den1249 - 2000 SQFT
    Average Sales Availability
    Every409Days
    Average Rental Availability
    Every281Days
    Ratio of Unit Type in Building13%
    3 Bed2300 - 2300 SQFT
    Average Sales Availability
    Every1385Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%

    Maintenance Fees
    The Candy Factory Lofts vs The Queen West Area

    $0.23
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Candy Factory Lofts's Avg
    monthly maintenance
    fee per SQFT
    $0.51
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.74
    / SQFT

    Similar lofts