The Worx
0Listings for Salefor Sale
0Listings for Rentfor Rent
436 Wellington St W
The Worx
436 Wellington St Wexpand addresses list
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    98
    Transit Score
    100
    Bike Score
    73
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    low
    Property Type
    Hard Loft
    Developer
    CityScape Development Corp.
    Condo Completion
    1997
    Property Management
    Performance Property Management
    Unit Size Range
    857 - 5300 SQFT
    Number of Units
    34
    Number of Storeys
    6

    436 Wellington St W | The Worx | Toronto, ON

    About this loft

    Loft Overview

    The century-old former factory at 436 Wellington Street West can be described by terms such as authentic, historical, as well as one of the biggest buzzwords as of late — vintage. So while those seeking contemporary glass and perfectly clean lines may fail to be impressed by the hard lofts at the Worx, others who admire character, heritage, and the charm that can only accompany a slightly worn in structure will instantly fall for these homes.

    Originally dubbed the Monarch Building upon its conception in 1915, the Worx now takes its title from the eponymous Worx company, which purchased the structure in 1948. From the late 1940’s onward the building adopted a meta-industrial function: the factory churned out conveyor belts for factories not unlike itself.

    In 1998, however, during Toronto’s first wave of industrial-to-residential conversions, the 6-storey Worx building became home to 34 authentic Toronto lofts. Carried out by Cityscape Development Corp., the development was successful in safeguarding the personality of the structure, while providing up to date homes for modern residents to enjoy.

    The Suites

    The brick and beam construction of this early 20th century structure has allowed units to be changed drastically, even since its latest conversion — entire walls may be removed without causing structural damage, and so on. The layout of each unit therefore has the potential to differ dramatically, depending on the tastes of previous owners.

    Unlike some more recent hard lofts in the city, the Worx has upheld a residential function for some time now. Owners have had ample time to make improvements before reselling — although most wouldn’t dare mess with the authentic qualities preserved in the original renovation. These features include exposed red bricks and beams, hardwood floors, 10-foot ceilings, and expansive windows.

    Lofts range in size from around 950 to 2,000 square feet — far larger than most Toronto condos for sale on the market today — with smaller units comprising one storey and larger penthouses covering two . The penthouse suites take over the top two levels of the Worx building, each boasting spacious walkout patios. Certain units even offer residents direct elevator-to-suite access, for an added sense of privacy and exclusivity.

    The Neighbourhood

    Located in the ultra-trendy King West neighbourhood, the lofts are surrounded by entertainment and amenities that could keep one busy for an eternity. Along King Street West, boutiques and galleries alternate with fashionable cocktail bars, upscale steakhouses, and innovative fusion eateries.

    Adelaide and Richmond Streets cater to partygoers, who can dance or sip craft brews late into the night. The lofts are also within walking distance of the Rogers Centre and the Scotiabank Arena, where residents can check out sporting events or some of the hottest concerts of the year.

    Nature lovers will rejoice in the green space that surrounds 436 Wellington Street. Just down Wellington in either direction are the equally charming Clarence Square and Victoria Memorial Parks. A slightly longer journey will land one at Coronation and HTO Parks along the shores of Lake Ontario, or to Trinity Bellwoods Park on Queen Street West.

    Culture enthusiasts will also be able to explore the contemporary gallery spaces in the Niagara area, while larger institutions such as the AGO and the ROM are still only a walk or a quick ride away.

    Transportation

    Travel to and from the Worx is straightforward, by any means of transportation. For passengers who rely on public transit to get around, St. Andrew and Union Stations are only a streetcar ride away. From here, the rest of the city is accessible in no time. And for those traveling beyond the borders of Toronto, Union Station offers connections with GO Transit, VIA Rail, and the UP service to Pearson International Airport.

    Car owners living at 436 Wellington Street will make great use of their proximity to the Gardiner Expressway, which carries drivers along the southern end of the city. This highway also offers the options of merging with the Don Valley Parkway to the east or the 427 to the west for movement and south.

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    Amenities

    Security System
    BBQ

    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 Worx vs The King West Area

    $58.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Worx's Avg
    price per SQFT
    $967
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,025
    / SQFT

    Building Trends At The Worx

    Days on Market

    Units at The Worx spend an average of
    47
    Days on Market
    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 a

    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    4.4
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    65th
    Highest price per SQFT out of 91 condos in the King West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value

    The Worx offers the
    ?
    best value out of 91 condos in the King West neighbourhood

    Return on Investment

    The Worx has the
    ?
    highest ROI out of 91 condos in the King West neighbourhood

    Rental Yield

    The Worx yields the
    ?
    highest rent prices out of 91 condos in the King West neighbourhood

    High Demand

    The Worx is the
    ?
    most popular building out of 91 condos in the King West neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed1023 - 1040 SQFT
    Average Cost Per Sqft$912
    Sales Price Range$935,000 - $935,000
    Rental Price Range$2,675 - $2,675
    1 Bed + Den1100 - 1400 SQFT
    Average Cost Per Sqft$923
    Sales Price Range$1,070,000 - $1,185,000
    Rental Price Range$3,500 - $3,500

    How Often Are Units Listed?

    Studio
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building4%
    1 Bed973 - 1170 SQFT
    Average Sales Availability
    Every682Days
    Average Rental Availability
    Every376Days
    Ratio of Unit Type in Building32%
    1 Bed + Den976 - 1702 SQFT
    Average Sales Availability
    Every354Days
    Average Rental Availability
    Every598Days
    Ratio of Unit Type in Building38%
    2 Bed1000 - 1700 SQFT
    Average Sales Availability
    Every392Days
    Average Rental Availability
    Every760Days
    Ratio of Unit Type in Building22%
    2 Bed + Den1527 - 1527 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building4%
    3 Bed
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building4%

    Maintenance Fees
    The Worx vs The King West Area

    $0.04
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Worx's Avg
    monthly maintenance
    fee per SQFT
    $0.66
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.70
    / SQFT

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