An entire Toronto loft building just hit the market for $5 million
Everyone knows that living in a hard loft is a coolness status symbol in Toronto.
The exposed brick, wooden beams, and visible ductwork give that effortlessly stylish, industrial look that makes even the most basic IKEA sofa feel curated. Honestly, these places look good empty.
So what's cooler than living in a hard loft? Correct answer: owning 11 of them.
A bright and airy kitchen in one of the units.
And while most of Toronto's hard lofts are owned by massive commercial real estate firms, a strange but exciting opportunity has just cropped up.
A living room with exposed beams and hardwood floors.
The building at 1463 Davenport Rd. is also known as "Iron Factory Lofts" because, back in the day, blacksmiths used to work in this area. Today, it's a multi-unit residential property, and it just hit the market for $5,300,000.
Another unit.
This offering presents an opportunity to own an entire boutique loft building in one of the city's fastest-evolving neighbourhoods.
An open concept living, dining and kitchen area in one of the lofts.
The 11,500-square-foot property features 11 authentic loft-style one-bedroom units, each with 14-foot ceilings, exposed industrial details, and an abundance of natural light that makes every space feel open and airy.
Big windows let in lots of natural light.
Although you'd never know it just by looking at the building itself.
A bedroom in one of the units.
"It's a sleeper," said InTrust Commercial Real Estate Brokerage listing agent Steven Lorenzi, explaining that the exterior gives nothing away to the unique interiors.
Outdoor space off one of the units.
Not one unit is the same, but all of them have their own private terrace, which is almost unheard of in Toronto's hard loft market.
The interior of the convenience store on the ground level.
On the ground floor, there's a commercial retail space that keeps the corner lively — currently home to a convenience store that somehow has a five-star rating on Google (a small miracle in itself).
The retail space.
From an investment standpoint, the property already generates multiple streams of income, including the retail tenant, residential rents, and even a coin-operated laundry setup.
Another loft that could use a kitchen update.
The listing notes that there's potential for up to 40 per cent rental upside upon unit turnover.
Exposed brick add lots of character to the units.
The last recorded rental was in 2020 for $2,300 a month — a bit below today's neighbourhood average of around $2,800 — suggesting there's room to boost returns with some smart upgrades.
Another loft.
But the real story here might be what comes next. The Junction-Davenport area has quietly become one of Toronto's most talked-about development corridors.
A terrace off one of the lofts.
Just a few blocks away, sleek mid-rise projects like 346 Davenport Rd. and 321 Davenport Rd. have transformed once-industrial stretches into highly desirable residential zones.
One of the main floor units.
The ongoing Davenport Diamond Greenway project is also set to add new green spaces, bike paths, and pedestrian connections, making the neighbourhood even more livable and more valuable.
Access to the outdoor terrace.
With that in mind, 1463 Davenport Rd. offers not just steady income, but serious redevelopment and intensification potential.
A living area in one of the lofts.
Whether it's expanding upward, modernizing the existing units, or repositioning the property for a new wave of design-minded renters, the possibilities here are as open as those 14-foot ceilings.
The exterior of 1463 Davenport Rd.
In a city where most loft conversions were snatched up long ago, finding a building like this — with character, cash flow, and a future — is a rare feat and an opportunity that might not last long.
