The Merchandise Lofts
3Listings for Salefor Sale
5Listings for Rentfor Rent
155 Dalhousie St & 135 Dalhousie St
The Merchandise Lofts
3Listings for Salefor Sale
5Listings for Rentfor Rent
Walk Score
98
Transit Score
100
Bike Score
75
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Above Average
Property Type
Hard Loft
Developer
Cresford Developments
Condo Completion
1999
Property Management
Crossbridge Condominium Services Ltd.
Unit Size Range
350 - 2600 SQFT
Number of Units
526
Number of Storeys
11

155 Dalhousie St | The Merchandise Lofts | Toronto, ON

About this loft

Loft Overview

With loft conversions popping up left, right, and centre in the city since the mid 1980s, the Merchandise Lofts is technically amongst some of the oldest Toronto lofts. The former warehouse at 135 Dalhousie Street and 155 Dalhousie Street was, after all, converted before the new millennium. Perhaps that makes the building doubly historical.

Aside from its history, the Merchandise Lofts is also impressive for its size. With just 526 units, some of which span over 2,500 square feet, as far as condos go this one can be classified as colossal. While there certainly aren’t many other industrial-to-residential loft conversions in Toronto of this scale, there aren’t even too many buildings that beat the size of the Merchandise Lofts either: 135-155 Dalhousie Street is over 1 million square feet.

The list of pros goes on. The handiwork that went into the conversion of this building was of the utmost quality, and this isn’t just our opinion. Cresford Developments received several awards for the loft’s design and construction back in 1999.

Funnily enough, these developers might not have foreseen 135-155 Dalhousie being designated a heritage property seven years later. Maybe they had a hunch, but nothing was set in stone when they decided to convert it.

According to its Heritage Toronto plaque, the building was built in phases, beginning in 1916. The Chicago-style, stucco structure was completed in 1950, and was used at the time as the Simpson’s department store warehouse.

Prospective buyers looking for amenities along with their homes will also be satisfied with the lofts. For sporty types, the building boasts an indoor pool, a gym with sauna, and even an indoor half basketball court. For those who just want to relax after a hard day’s work (and we don’t blame them) residents can take in the sunset from the common rooftop terrace. Dog owners needn’t go far, as the building offers a specific dog-walking zone on the roof.

While the building might have been built generations ago, Cresford managed to make some important updates during the conversion process. Energy-efficient windows were put in, and the roof was designated “green.” This way, homeowners can reduce their carbon footprint while living the good life in their authentic hard lofts.

Even though the Merchandise Lofts might already seem too good to be true, it gets even better. The smaller lofts have actually tended to be affordable when compared to other Toronto condos for sale — even for younger buyers. While there’s no saying when and how the market may change, the lofts continue to accommodate its more youthful residents with a fully-functioning, constantly updated Facebook page.

The Suites

As a heritage property built in the 1910s, and a former warehouse, it’s no wonder the lofts have a certain industrial charm. Flooring is either concrete or hardwood, or both. Layouts include open concept living spaces and kitchens, decorated with exposed ductwork overhead. Even more special are the early 20th century industrial elements, which include mushroom columns and 8-foot wide sliding barn doors.

As already noted, the lofts at 135-155 Dalhousie Street range from cozy starter homes for single professionals, to sprawling hard lofts for those who need their space. The smallest of units start at around 500 square feet, with the largest reaching to 2,600.

In fact, the largest of units reaches to that size because of a local celebrity: Deadmau5. Also known as Joel Zimmerman, this Toronto-bred DJ combined two penthouse units in 2011, resulting in a loft fit for a star. Zimmerman’s pad even boasts a raised platform just for his piano, as well as a private rooftop terrace.

While this unit is certainly one of a kind, there is no doubt something for everyone, seeing as the building is comprised of 526 homes. Plus, with ceiling heights reaching to 12 feet high, even residents living in the “cozier” units will appreciate the feeling of spaciousness offered here.

The homes are also brightly lit by warm natural sunlight, thanks to the warehouse windows that stretch across entire walls. Although we won’t call them floor-to-ceiling because of a technicality, the windows generally reach up to 10 feet.

The Neighbourhood

The Merchandise Lofts is located next door to Ryerson University in the City Centre neighbourhood, making it the perfect spot for mature students or faculty to cozy up in each night. Both students and residents benefit from the Metro grocery store directly below the loft. Another great shopping option is the massive Loblaws at College and Yonge.

For residents making use of the dog-walking zone, another great place to take your pooch is the off-leash area at Allan Gardens. In fact, the building is surrounded by green spaces to explore, from Ryerson Community Park to St. James Park, and more.

The Eaton Centre is an obvious choice for shopping, and its newly renovated Urban Eatery offers a wide selection of sustenance as well. Alternatively, residents can explore the The Village, where bars, restaurants, and independent shops are waiting to be explored.

Transportation

Residents can walk to Dundas Station in just a few minutes, where they can reach subway trains heading north and south on the Yonge line. Streetcars along Dundas and College Streets are great east-west options for those relying on public transit to get around.

By riding the subway for only three stops, residents can land themselves at Union Station. From here, travelers moving outward and onward can catch VIA Rail Trains, GO buses and trains, and the UP service to Pearson International Airport.

Those with cars, on the other hand, will love how close they live to the Gardiner Expressway. This east-west highway, accessed via Jarvis Street, carries drivers to the 427 to the west or the Don Valley Parkway to the East. For residents on two wheels, bike lanes also line Jarvis and Gerrard Streets for travel in all four directions.

5

Listings For Rent

Interested in receiving new listings for rent?

Amenities

Rooftop Deck/Garden
Security System
Sauna
Gym
Recreation Room
Party/Meeting Room
BBQ
Media Room
Underground Parking
Guest Suites
Indoor Pool
Concierge

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 Merchandise Lofts vs The City Centre Area

$68.00
Less Expensive
per SQFT compared to the neighbourhood average
The Merchandise Lofts's Avg
price per SQFT
$876
/ SQFT
Neighbourhood Avg
price per SQFT
$944
/ SQFT

Building Trends At The Merchandise Lofts

Days on Market

Units at The Merchandise Lofts spend an average of
19
Days on Market
based on recent sales

List vs Selling Price

On average, these lofts sell for
3%
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
4.1
YEARS before being sold again

Property Value

1%
Increase in property value within the past twelve months

Price Ranking

21st
Highest price per SQFT out of 37 condos in the City Centre area

Sold Units

36
Units were Sold over the past twelve months

Rented Units

44
Units were Rented over the past twelve months

Best Value

The Merchandise Lofts offers the
?
best value out of 37 condos in the City Centre neighbourhood

Return on Investment

The Merchandise Lofts has the
?
highest ROI out of 37 condos in the City Centre neighbourhood

Rental Yield

The Merchandise Lofts yields the
?
highest rent prices out of 37 condos in the City Centre neighbourhood

High Demand

The Merchandise Lofts is the
?
most popular building out of 37 condos in the City Centre neighbourhood

Sales vs Rental Values For This Loft

Studio484 - 566 SQFT
Average Cost Per Sqft$882
Sales Price Range$485,000 - $520,000
Rental Price Range
N/A
1 Bed520 - 1625 SQFT
Average Cost Per Sqft$858
Sales Price Range$495,000 - $860,000
Rental Price Range$1,700 - $3,350
1 Bed + Den780 - 1000 SQFT
Average Cost Per Sqft$773
Sales Price Range$651,500 - $790,000
Rental Price Range$2,100 - $2,850
2 Bed800 - 1950 SQFT
Average Cost Per Sqft$847
Sales Price Range$650,000 - $1,389,000
Rental Price Range$2,500 - $5,000
2 Bed + Den1202 - 2500 SQFT
Average Cost Per Sqft$670
Sales Price Range$920,000 - $982,000
Rental Price Range$3,000 - $3,715

How Often Are Units Listed?

Studio484 - 566 SQFT
Average Sales Availability
Every325Days
Average Rental Availability
N/A
Ratio of Unit Type in Building4%
1 Bed493 - 1625 SQFT
Average Sales Availability
Every24Days
Average Rental Availability
Every24Days
Ratio of Unit Type in Building49%
1 Bed + Den720 - 1281 SQFT
Average Sales Availability
Every148Days
Average Rental Availability
Every190Days
Ratio of Unit Type in Building6%
2 Bed703 - 2000 SQFT
Average Sales Availability
Every38Days
Average Rental Availability
Every55Days
Ratio of Unit Type in Building29%
2 Bed + Den1000 - 2500 SQFT
Average Sales Availability
Every92Days
Average Rental Availability
Every105Days
Ratio of Unit Type in Building13%
3 Bed1200 - 1700 SQFT
Average Sales Availability
Every330Days
Average Rental Availability
Every221Days
Ratio of Unit Type in Building3%
3 Bed + Den2600 - 2600 SQFT
Average Sales Availability
N/A
Average Rental Availability
N/A
Ratio of Unit Type in Building1%

Maintenance Fees
The Merchandise Lofts vs The City Centre Area

$0.17
Less Expensive
per SQFT compared to the neighbourhood average
The Merchandise Lofts's Avg
monthly maintenance
fee per SQFT
$0.65
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.82
/ SQFT

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