The Warehouse Lofts | Mystic Pointe
1Listing for Salefor Sale
1Listing for Rentfor Rent
250 Manitoba St
The Warehouse Lofts | Mystic Pointe
250 Manitoba Stexpand addresses list
    1Listing for Salefor Sale
    1Listing for Rentfor Rent
    Walk Score
    52
    Transit Score
    77
    Bike Score
    44
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Average
    Property Type
    Hard Loft
    Developer
    Camrost-Felcorp
    Condo Completion
    1999
    Property Management
    Icon Property Management
    Unit Size Range
    615 - 1800 SQFT
    Number of Units
    151
    Number of Storeys
    8

    250 Manitoba St, Toronto

    About this loft

    Loft Overview

    The Warehouse Lofts is an ideal place for prospective buyers who are seeking Toronto condos for sale but don’t want to pay downtown prices, yet can’t fathom giving up access to the big city. Located at 250 Manitoba Street in Mimico, the lofts really do afford their residents with the best of both worlds.

    At 8 storeys high, the Warehouse Lofts is home to 151 hard lofts. The building is part of Mystic Pointe by Camrost Felcorp, a gated community comprised of three buildings — Mystic Pointe - Skylofts II at 200 and Warehouse Lofts at Mystic Pointe at 300 Manitoba Street. CEO David Feldman is a seasoned professional, who is also to thank for notable Toronto properties such as our very own World Trade Centre on Yonge Street near Queens Quay.

    All residents living at Mystic Pointe have access to the complex’s vast array of amenities: a gym, sauna, rooftop terrace with hot tub and barbecues, squash courts, a garden, party and meeting room, billiards, and guest suites.

    The Suites

    Converted in 1999, 250 Manitoba Street was previously home to the L.J. McGuinness Distillery. Thanks to its industrial past, modern-day residents now enjoy the 17-foot ceilings that, once upon a time, were put in place to make room for machinery.

    Units at the Warehouse Lofts feature anything from one bedroom to two bedrooms plus a den, and range between 600 and 1,700 square feet in size. And it’s not just the size that’s decadent—most of the units at 250 Manitoba Street span 2 storeys, and boast both jacuzzis and gas fireplaces.

    During the conversion process, developers made use of the structure’s sturdy concrete base by adding four storeys to the top, where the penthouse units now sit. While most units feature balconies, these exceptional homes boast rooftop terraces with striking views of Lake Ontario.

    The Neighbourhood

    In the late 19th century, affluent Torontonians built summer cottages in Mimico, which officially became part of the City of Toronto in 1967. Recently, with Toronto growing so intensely in population, this area has become home to year-round residents looking to escape the extravagant price tags of downtown Toronto condos.

    Local stores and restaurants on Lakeshore Boulevard and Royal York Road are the place to go for shopping and sustenance breaks. Costco and IKEA are also just down the street, for those more significant purchases — plus free samples and meatballs.

    Most importantly, Mimico is the closest to Toronto proper of all the west-end lakefront communities. Here, locals can choose from numerous parks to spend their weekends exploring. Mimico Waterfront Park features a boardwalk and separate cycling and rollerblading trail, while Humber Bay Park is home to a wetland habitat, making this spot great for birdwatchers and nature photographers.

    Transportation

    Residents of the Warehouse Lofts are well-situated for travel into the city and beyond. The Mimico GO Station is a short walk away from 250 Manitoba Avenue, while Pearson International Airport can be reached in about 10 minutes by car.

    For those looking to connect with the subway, the Royal York bus carries passengers to the Bloor-Danforth line, while a bus along Lake Shore travels toward Union Station on the Yonge-University-Spadina line.

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    Listings For Sale

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    1

    Listings For Rent

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    Amenities

    Recreation Room
    Party/Meeting Room
    Squash Racquet Court
    Security System
    Gym
    Guest Suites
    Concierge
    Visitor Parking
    BBQ
    Rooftop Deck/Garden
    Sauna

    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 Warehouse Lofts | Mystic Pointe vs The Mimico Area

    $61.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Warehouse Lofts | Mystic Pointe's Avg
    price per SQFT
    $801
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $862
    / SQFT

    Building Trends At The Warehouse Lofts | Mystic Pointe

    Days on Market

    Units at The Warehouse Lofts | Mystic Pointe spend an average of
    9
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    4%
    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
    2.7
    YEARS before being sold again

    Property Value

    14%
    Increase in property value within the past twelve months

    Price Ranking

    36th
    Highest price per SQFT out of 50 condos in the Mimico area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value

    The Warehouse Lofts | Mystic Pointe offers the
    ?
    best value out of 50 condos in the Mimico neighbourhood

    Return on Investment

    The Warehouse Lofts | Mystic Pointe has the
    ?
    highest ROI out of 50 condos in the Mimico neighbourhood

    Rental Yield

    The Warehouse Lofts | Mystic Pointe yields the
    ?
    highest rent prices out of 50 condos in the Mimico neighbourhood

    High Demand

    The Warehouse Lofts | Mystic Pointe is the
    ?
    most popular building out of 50 condos in the Mimico neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed635 - 1090 SQFT
    Average Cost Per Sqft$840
    Sales Price Range$570,000 - $735,000
    Rental Price Range$1,950 - $2,725
    1 Bed + Den925 - 1000 SQFT
    Average Cost Per Sqft$698
    Sales Price Range$638,800 - $748,000
    Rental Price Range$2,300 - $2,600
    2 Bed + Den1200 - 1200 SQFT
    Average Cost Per Sqft$640
    Sales Price Range$760,000 - $760,000
    Rental Price Range$3,400 - $3,400

    How Often Are Units Listed?

    1 Bed615 - 1150 SQFT
    Average Sales Availability
    Every52Days
    Average Rental Availability
    Every106Days
    Ratio of Unit Type in Building44%
    1 Bed + Den918 - 1205 SQFT
    Average Sales Availability
    Every47Days
    Average Rental Availability
    Every175Days
    Ratio of Unit Type in Building42%
    2 Bed1210 - 1221 SQFT
    Average Sales Availability
    Every972Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building5%
    2 Bed + Den1200 - 1800 SQFT
    Average Sales Availability
    Every288Days
    Average Rental Availability
    Every432Days
    Ratio of Unit Type in Building9%
    3 Bed1773 - 1773 SQFT
    Average Sales Availability
    Every2675Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%
    3 Bed + Den1400 - 1740 SQFT
    Average Sales Availability
    Every737Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%

    Maintenance Fees
    The Warehouse Lofts | Mystic Pointe vs The Mimico Area

    $0.05
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Warehouse Lofts | Mystic Pointe's Avg
    monthly maintenance
    fee per SQFT
    $0.70
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.75
    / SQFT

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