New Loft Developments in Toronto, Ontario
- Author Alan Read-Chua
- Published March 19, 2007
- Word count 351
Loft living is at its finest in Toronto, and the market is booming. There are literally dozens upon dozens of loft developments under construction in Toronto, and competition is tough. For many people interested in purchasing living space in a new loft development, the search begins early and it is grueling.
One thing that makes finding a loft so difficult is that 50 percent of loft developments are sold before the building is listed on the public market. This means that people wishing to buy a loft must do a lot of research and try to secure a loft before construction is completed. If they are successful, there are many rewards. Many lofts in the Toronto area increase in value anywhere from $10,000 to $20,000 on the day that they are placed for sale on the public housing market.
Lofts are distinct from condos in that they feature exposed ductwork, exposed beams and columns, few interior walls, and high ceilings. They are very open spaces, commonly two stories high and have a lot of original features that set them apart from other homes on the market.
There are two types of loft developments: hard and soft. Hard loft developments are created by converting an old commercial building such as a warehouse or factory. Once obtaining such a building, loft developers remodel the space into separate living units. Soft loft developments, on the other hand, are new constructions and usually allow for more open layouts and unique design characteristics.
There are numerous unique lofts available in each new Toronto development which are priced according to size and features. The low-end cost for a Toronto loft averages about $200,000, but you can spend upwards of $600,000 or more depending on the loft you choose. Some developers may even allow you to choose some of the finishing touches if you purchase a loft before construction is completed.
Whether you seek the quirky design of a loft conversion, or a more condo-like “soft loft”, you’re well advised to start early and leave no stone unturned. The right loft for you may just be on someone’s drawing board now.
For more information on this article or Toronto townhouses, visit Toronto-Condominium-Homes.com.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How Architects Are Shaping Sri Lanka’s Real Estate Boom
- Directing Las Vegas Homes for Sale: How Live Better in Las Vegas Guides Buyers to Success
- Understanding the Renters' Rights Bill: Key Changes and Timeline Explained
- Costs of buying property in Spain - IMS Mortgages
- Three Easy Steps to Sell Your San Antonio House Fast!
- Discover Your Dream 55+ New Construction Home Community in the Greater Tampa Bay, Florida
- Article on Mortgage Lenders and New Homes Mortgage Helpline
- The Advantages of Utilising Professional House Removals Services
- Manilva: A Rising Star in Off-Plan Property Investments
- Comparing Removals services-in-wandsworth: Your Ultimate Guide
- Port Orange -- The Perfect Twin Sister to Daytona Beach
- RE/MAX Ace Spearheads Innovative Housing Solutions in the GTA
- Should You Waive the Home Inspection Contingency? Weighing the Risks and Benefits
- Avenir: Embracing Lifestyle and Community in Palm Beach Gardens
- Serbian Real Estate: A Tidbit for Investors
- Discovering Life in Pattaya, Thailand: An In-Depth Handbook for Expatriates
- DEBUNKING HOME REPORT MYTHS
- Don't Let a Financial Hardship Force You to List Your House
- Safe Water Starts at Home
- Don’t let Missing Insulation Lead to High Energy Bills
- Property Investors Amidst Favorable Swedish Krona Rates
- How Real Estate Professionals in Houston Go Above and Beyond for Home Sellers
- Reasons to invest in real estate in Cyprus
- Top 10 criteria to select an Insurance Claim Appraiser
- Comprehensive Home Inspection Checklist for Buyer, Seller, and Homeowner
- DEBUNKING HOME REPORT MYTHS
- North Carolina Real Estate Market: Shifting Market Dynamics on the way?
- Selling Your House in Winter: Effective Tips and Strategies for Success
- Would you like to have a Free House?
- 5 Ways To Know You're Ready To Buy A Home