Wrigley Lofts
1Listing for Salefor Sale
0Listings for Rentfor Rent
245 Carlaw Ave
Wrigley Lofts
245 Carlaw Aveexpand addresses list
    1Listing for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    97
    Transit Score
    96
    Bike Score
    72
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    low
    Property Type
    Hard Loft
    Developer
    Atria Developments
    Condo Completion
    1998
    Property Management
    Esbin Property Management
    Unit Size Range
    350 - 2000 SQFT
    Number of Units
    83
    Number of Storeys
    5

    245 Carlaw Ave, Toronto

    About this loft

    Loft Overview

    At 245 Carlaw Avenue, amongst plenty of industrial-era architecture, sits a former chewing gum factory. Before being transformed into opulent residences, the address was home to Wrigley’s stomping grounds since 1907. Wrigley may have moved its factory to Leslie and Eglinton in 1963, however since then the structure on Carlaw waited patiently for an insightful developer to come along and oversee its conversion.

    In 1998, before hard loft conversions had become widespread in Toronto, Atria Developments took a stab at the factory space. At the outset of the loft boom, rather, the most insightful and trendsetting of Torontonians were the ones to secure a spot at the Wrigley Lofts. Little did they know, Atria’s triumph with 245 Carlaw’s conversion would be followed a decade later by yet another sensation just next door, known as the Garment Factory Lofts.

    These 88 authentic Toronto lofts are distinctive, however, for their live/work zoning. This, combined with generous square footages, positions the lofts as an ideal spot for artists and creative to settle down — or get to work — in.

    Typical of an intimately sized true conversion, the lofts offer few shared amenities to its residents. Neighbours can gather in the communal party and meeting room, however beyond this they must look to their surrounding neighbourhood. Thankfully, the building is set within the lively Leslieville & South Riverdale neighbourhood, where residents can find anything their hearts could possibly desire.

    The Suites

    Once inside the majestic brickwork façade of 245 Carlaw Avenue, prospective buyers are even more impressed. The original sales of units were geared toward creative types who wanted to design their own spaces, and as a result, artists and designers still make up the bulk of the residents. Those units that do appear on the market are often methodically designed, making any Leslieville condos for sale in this building, one-of-a-kind.

    For example, one such unit was bought by a glass salesman, meaning this material is copious in the loft. Yet another embraces a minimalist aesthetic, with a mezzanine level added to take advantage of soaring ceiling heights.

    Sizes range quite dramatically, offering something for every type of buyer. Cozier, 300 square foot units are ideal for single professionals who are too active to spend much time at home. Other lofts span 3,000 square feet, offering ample space to raise a family or have a couple of pets run around in. The largest of homes here feature up to two bedrooms and two bathrooms, a rarity for this metropolitan area.

    Regardless of their dimensions, the hard lofts are bright, airy, and embrace an updated industrial atmosphere. Ceilings reach to 16 feet high and are supported by concrete mushroom columns, while multitudes of windowpanes are grouped together and framed in metal. Many of the homes also retain the open concept layouts arranged during the initial conversion process.

    The Neighbourhood

    Leslieville & South Riverdale is a neighbourhood that manages to keep a low profile, while it becomes trendier and more exciting for its residents each year. Independent shops and offbeat restaurants line Queen Street East, meaning locals can find anything from decadent pulled pork sandwiches to delicate antique glassware on their Sunday morning strolls.

    Dave and Charlotte’s No Frills is also less than 10 minutes away from 245 Carlaw on foot, where residents can stock their pantries with inexpensive staples. For the more lavish purchases — when either throwing a dinner party or simply just indulging — residents can head over to Sandy Aleksander on Queen East, known as Toronto’s best source for all things charcuterie.

    What’s more, the abundance of yoga studios and gyms along Carlaw Avenue make up for the lack of a gym within the Wrigley Lofts itself. Alternatively, residents can explore the outdoors at nearby green spaces such as Jimmie Simpson Park and Corktown Common.

    Transportation

    With Leslieville as a starting point, residents of the Wrigley Lofts can easily access other dynamic Toronto areas such as the Danforth or The Beaches. As well, residents can make their way over to the central core of the city, via car, bicycle, or public transit.

    Drivers can use the Don Valley Parkway and the Gardiner Expressway to zip around the city in no time. From the DVP, residents can also reach the 401 to the north, which leads to Pearson International Airport as well as neighbouring towns and cities.

    Those relying on public transit can hop on a streetcar that runs along Queen Street East or Gerrard, both of which offer transfers onto the Yonge subway line. From here, residents can also travel two stops south in order to reach Union Station, where those looking to leave the city have access to VIA Rail, Go Transit, and the UP service to Pearson Airport.

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    Amenities

    BBQ
    Party/Meeting Room
    Security System
    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
    Wrigley Lofts vs The Leslieville | South Riverdale Area

    $71.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Wrigley Lofts's Avg
    price per SQFT
    $917
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $988
    / SQFT

    Building Trends At Wrigley Lofts

    Days on Market

    Units at Wrigley Lofts spend an average of
    9
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    7%
    above
    the list price.

    Offer Competition

    Lofts in this building have a

    HIGH
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    2.9
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    20th
    Highest price per SQFT out of 33 condos in the Leslieville | South Riverdale area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value

    Wrigley Lofts offers the
    ?
    best value out of 33 condos in the Leslieville | South Riverdale neighbourhood

    Return on Investment

    Wrigley Lofts has the
    ?
    highest ROI out of 33 condos in the Leslieville | South Riverdale neighbourhood

    Rental Yield

    Wrigley Lofts yields the
    ?
    highest rent prices out of 33 condos in the Leslieville | South Riverdale neighbourhood

    High Demand

    Wrigley Lofts is the
    ?
    most popular building out of 33 condos in the Leslieville | South Riverdale neighbourhood

    Sales vs Rental Values For This Loft

    1 Bed825 - 1400 SQFT
    Average Cost Per Sqft$881
    Sales Price Range$830,000 - $1,550,000
    Rental Price Range$3,200 - $3,900
    1 Bed + Den1000 - 1250 SQFT
    Average Cost Per Sqft$719
    Sales Price Range$830,000 - $830,000
    Rental Price Range$3,000 - $3,000
    2 Bed + Den1643 - 1643 SQFT
    Average Cost Per Sqft$942
    Sales Price Range$1,530,000 - $1,530,000
    Rental Price Range
    N/A
    3 Bed2000 - 2000 SQFT
    Average Cost Per Sqft$549
    Sales Price Range$1,100,000 - $1,100,000
    Rental Price Range
    N/A

    How Often Are Units Listed?

    Studio993 - 993 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building12%
    1 Bed695 - 1639 SQFT
    Average Sales Availability
    Every108Days
    Average Rental Availability
    Every218Days
    Ratio of Unit Type in Building53%
    1 Bed + Den1000 - 1600 SQFT
    Average Sales Availability
    Every327Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building17%
    2 Bed2000 - 2000 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building7%
    2 Bed + Den972 - 1643 SQFT
    Average Sales Availability
    Every828Days
    Average Rental Availability
    Every1628Days
    Ratio of Unit Type in Building10%
    3 Bed2000 - 2000 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%
    3 Bed + Den
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%

    Maintenance Fees
    Wrigley Lofts vs The Leslieville | South Riverdale Area

    $0.02
    More Expensive
    per SQFT compared to the neighbourhood average
    Wrigley Lofts's Avg
    monthly maintenance
    fee per SQFT
    $0.66
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.64
    / SQFT

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