West Village Lofts
1Listing for Salefor Sale
0Listings for Rentfor Rent
550 Hopewell Ave
West Village Lofts
550 Hopewell Aveexpand addresses list
    1Listing for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    87
    Transit Score
    81
    Bike Score
    69
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    low
    Unit Availability
    low
    Property Type
    Hard Loft
    Developer
    Stafford Home Ltd.
    Condo Completion
    2006
    Property Management
    First Service Residential
    Unit Size Range
    549 - 1600 SQFT
    Number of Units
    29
    Number of Storeys
    3

    550 Hopewell Ave, Toronto

    About this loft

    Loft Overview

    Even those desiring a quiet home outside of the downtown core should be able to enjoy the perks of loft living. Fortunately, the West Village Lofts are a perfect middle ground — slightly removed from the bustling City Centre, these homes still feel bright and spacious as ever.

    This boutique soft loft is a relatively recent construction, built in 2006. Stafford Homes spearheaded the project, a group with numerous successful residential and commercial developments under their belt.

    As mainly single-family homes dot the tree-lined streets of the Briar Hill & Belgravia neighbourhood, this stucco structure enjoys its spot in the limelight. The boxy, industrial style exterior is a refreshing break for both residents and neighbours to enjoy. Plus, panes of warehouse windows allude to the 29 sunlit homes that can be found within.

    Unlike those in the more cramped downtown Toronto neighbourhoods, residents of the West Village Lofts will have plenty of space to explore. Drivers benefit from the parking garage for themselves and visitors; pet owners taking advantage of the animal-friendly policy at 550 Hopewell Avenue will love exploring the York Beltline Trail and Walter Saunders Memorial Park, leash in hand.

    The Suites

    Covering 3 storeys at 550 Hopewell Avenue are 29 soft lofts, each with an updated industrial vibe. The lofts are laid out in an open concept manner, allowing warm sunlight to pour through sizeable, commercial grade windows. Concrete finishes are abound, as well as exposed ductwork and 12 foot ceilings.

    Though the lobby is ultra-chic at the West Village Lofts, those looking for an added sense of privacy can opt for units with private entryways. And while third floor residents are welcome to walk, elevators are always available for transporting tired legs up to bed.

    Certain Toronto condos for sale at the West Village Lofts span two levels, and most feature patios with gas hookups for barbecues. Whether purchasing a cozy 650 square foot unit or one of the larger lofts that reach up to 1,500 square feet, these light and airy homes feel large enough to host gatherings of all sorts.

    The Neighbourhood

    The area around Briar Hill & Belgravia is populated by many longstanding businesses. Along Dufferin, everything from wedding gowns to Italian meatball sandwiches can be found.

    The West Village Lofts are also located conveniently close to Yorkdale Shopping Centre. The mall has been around for 50 years, and has been growing more and more upscale in recent years. Besides the obvious function of retail therapy, Yorkdale is a great hideout for rainy days with its numerous dinner options and a large Cineplex movie theatre.

    Another benefit of these lofts’ distance from downtown is their proximity to peaceful green spaces. Walter Saunders Memorial Park is right outside the lofts at 550 Hopewell Avenue, as is the York Beltline Trail that connects to many other ravines and parks throughout the city.

    Transportation

    Drivers living at the West Village Lofts will come to know and love the easy driving afforded by Dufferin Street. Dufferin offers a route south toward Lake Ontario, or north to the 401. Alternatively, the Allen Road is a freeway that carries drivers from Eglinton to Sheppard Avenue.

    For those who rely on public transportation, buses along Dufferin street will come in handy. And unlike many other uptown residences, the lofts at 550 Hopewell Avenue are only a 15 minute walk away from Eglinton West station, which travels along the University-Spadina subway line.

    1

    Listings For Sale

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    0

    Listings For Rent

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    Amenities

    Visitor Parking
    BBQ
    Security System

    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
    West Village Lofts vs The Briar Hill | Belgravia Area

    $60.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    West Village Lofts's Avg
    price per SQFT
    $606
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $666
    / SQFT

    Building Trends At West Village Lofts

    Days on Market

    Units at West Village Lofts spend an average of
    28
    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
    5.4
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 6 condos in the Briar Hill | Belgravia area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value

    West Village Lofts offers the
    ?
    best value out of 6 condos in the Briar Hill | Belgravia neighbourhood

    Return on Investment

    West Village Lofts has the
    ?
    highest ROI out of 6 condos in the Briar Hill | Belgravia neighbourhood

    Rental Yield

    West Village Lofts yields the
    ?
    highest rent prices out of 6 condos in the Briar Hill | Belgravia neighbourhood

    High Demand

    West Village Lofts is the
    ?
    most popular building out of 6 condos in the Briar Hill | Belgravia neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed649 - 649 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$1,850 - $1,850
    2 Bed914 - 914 SQFT
    Average Cost Per Sqft$765
    Sales Price Range$692,500 - $692,500
    Rental Price Range
    N/A
    3 Bed1330 - 1330 SQFT
    Average Cost Per Sqft$585
    Sales Price Range$805,451 - $805,451
    Rental Price Range
    N/A

    How Often Are Units Listed?

    1 Bed649 - 934 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    Every1270Days
    Ratio of Unit Type in Building11%
    2 Bed549 - 1600 SQFT
    Average Sales Availability
    Every136Days
    Average Rental Availability
    Every1513Days
    Ratio of Unit Type in Building79%
    3 Bed1202 - 1330 SQFT
    Average Sales Availability
    Every1708Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building11%

    Maintenance Fees
    West Village Lofts vs The Briar Hill | Belgravia Area

    $0.04
    More Expensive
    per SQFT compared to the neighbourhood average
    West Village Lofts's Avg
    monthly maintenance
    fee per SQFT
    $0.65
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.61
    / SQFT

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