Real Estate – Realtor ORG

In todays traffic filled world, many people are opting to leave the suburbs seeking to reside close to work within a cities core.

Many cities have witnessed a dramatic boom in the condo market. There are many upcoming new build condos and lofts popping up throughout both main cities and suburban areas.

In todays market there are two types of lofts – Hard Lofts and “Soft Lofts”.

Living the Toronto Lofts lifestyle, you gain the convenience of close-by shopping, bars and restaurants, social activities, nightlife and many more all within walking distance from your home.

A True Loft is a conversion of a old factory or industrial building. They have a harder edge and are usually constructed of concrete or “mill-style” construction featuring exposed brick, original wood posts and beams and original hardwood floors.

Typically, these conversion lofts have an open floor plan and unfinished ceilings with exposed ductwork, plumbing and electrical components.

Conversion Lofts have a “Historical” value associated with them, typically leading to greater demand and better resale values. Its typical to find Conversion Lofts in the more urban areas of a city, making for gentrification of neighbourhoods that were once used solely for industrial uses.

A True Loft may be classified as a “Live/Work” Loft space, designed to allow the owner to reside inside while allowing the space to be used as a business. Loft Condominiums are rarely classified as “Live/Work” spaces, and are used simply for residential purposes.

Recently developers have built new buildings “Loft Condominiums” with some of the characteristics of a hard loft such as high ceilings, large windows and open floor plans. These types of lofts typically have a softer edge… no exposed ductwork or plumbing, carpet in some areas and upscale kitchens and baths.

Loft condominiums have more in common with traditional condominiums than a true hard loft. They are better than typical condominiums in terms of space available featuring less room devisions or part wall room divisions.

Condominium lofts are generally newly constructed loft buildings from the ground up or retain the original “street-scape” facade with new construction, mainly consisting of steel and glass making up the rest of the building.

Condo and loft living is all about the excitement and cultural opportunities of the big city but finding a place can mean sacrificing the larger living spaces found out in the suburbs.

Regardless of the type, downtown Condos and Lofts have become a lifestyle choice for many urban dwellers now residing in the big city.

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Comparing New Construction Lofts to Industrial Conversion Lofts

Warehouse Conversion Lofts have unique looks with nostalgic colors or old brick walls, original hardwood or steel beams and columns, wood or concrete floors, exposed electrical and heating/air conditioning ductwork, and high ceilings that are above 10 feet have been especially important for loft lovers. Larger, factory like tall windows and open large spaces that can be converted into bedrooms, dens, kitchens, and bathrooms are the characteristics of a “real loft”.

The huge popularity of newer lofts has created an opportunity for developers to re-rejuvenate neighborhoods such as Toronto’s “Distillery District“. Clearly, for real loft lovers, these “soft lofts” are simply not the real thing, but regular condominiums with open spaces and tall ceilings, but for most urban dwellers this concept of living space is very desirable.

CONVERSION LOFTS

A hard loft is a conversion of a old factory or warehouse. They have a harder edge and are usually constructed of concrete or “mill-style” construction featuring exposed brick, original wood posts, beams and floors. Typically, these lofts have open floorplans and high and/or unfinished ceilings with exposed ductwork, plumbing and electrical. Hard Lofts can be found throughout Toronto, and many being zoned “Live/Work” make for ideal accommodations for smaller businesses operating from home and artists wanting to surround themselves in their work, cutting down on travel time and rent.

SOFT LOFTS

In recent years developers have built new developments with some of the characteristics of a conversion loft such as high ceilings, large windows and open floorplans. These lofts typically have a softer edge……no exposed plumbing or heating ductwork, featuring carpet in some areas and upscale kitchens and baths. Soft lofts have more in common with traditional condominium than a true hard loft.

TRADITIONAL CONDOMINIUMS

Traditional Condos can take many on forms structurally. They may be like regular apartments, or they may more resemble townhouses. In fact, many traditional condos are converted apartment buildings or townhouse complexes. They typically have dedicated rooms and living quarters. They typically feature many characteristics of a small suburban home (bungalow style, minus the basement and yard), only laid out in an apartment style.

True Loft living is not for everyone, making the newer construction “loft condo” one of the of the most popular living choices for new buyers seeking to live in Toronto Condos.

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