Building spotlight
Hidden gem loft buildings in Toronto
The Candy Factory and Toy Factory get the attention. These six buildings deserve it too. Each is a genuine hard loft conversion with real industrial character, reasonable management, and one distinct advantage: fewer buyers are watching them closely.
01
Robert Watson Lofts
363 Sorauren Ave, Roncesvalles
Roncesvalles is one of the most livable neighbourhoods in Toronto, and the Robert Watson Lofts are its only hard loft conversion. The building is a former candy factory and the conversion preserved the brick, the beams, and the generous ceiling heights that defined the space. At 153 units it's a medium-sized building with a well-funded reserve and an active condo board.
What makes Robert Watson stand out is the resale data: it's trading at $1,299 per square foot as of 2026, the highest of any hard loft building in the city. That's not despite being in Roncesvalles. It's partly because of it. The neighbourhood has excellent transit on the Roncesvalles streetcar, outstanding local retail on Roncesvalles Avenue, and a family-oriented, established community character that generates consistent owner-occupancy rather than investor turnover.
Why it's underrated
Roncesvalles doesn't get included in conversations about loft districts. It should. Robert Watson is the highest-value hard loft building in the city and it sits in a neighbourhood that most loft buyers have written off without visiting.
02
Wychwood Lofts
704 Dovercourt Rd, Wychwood
One of the smallest hard loft buildings in Toronto, adjacent to the Wychwood Barns park, which is a remarkable piece of public infrastructure. The building occupies a portion of the former Toronto Transit Commission streetcar barns complex, converted in 2009. At 37 units, turnover is very low. When units come up, they typically sell quickly and off market.
The Wychwood neighbourhood is genuinely underrated in the Toronto loft conversation. Dupont Street has developed strong retail and restaurant density. The Allen Expressway provides quick highway access north. Christie Pits is five minutes on foot. The building's connection to the Wychwood Barns art and food market is unusual for any residential building in the city, hard loft or otherwise.
Why it's underrated
At 37 units it's too small to show up in aggregate data or media coverage. The neighbourhood sits north of the loft districts that most buyers focus on. Both things mean less competition when a unit comes available.
03
Carlaw Lofts
245 Carlaw Ave, Leslieville
The Carlaw Lofts are notable for something genuinely unusual in the converted building world: the original ink-stained concrete floors from the former print shop have been preserved and finished on many units. This is not a design choice that could be replicated. It's the actual floor of an actual industrial bindery, and it's in the residential units right now. Brick and beam throughout, good ceiling heights, active creative community in the building.
The Carlaw corridor in Leslieville has seen consistent investment. The Printing Factory Lofts are two blocks south, the Broadview Lofts are close by. This is a genuine loft pocket in the east end. Prices here are typically 15 to 20 percent below West Queen West equivalents for comparable space and ceiling height.
Why it's underrated
East-end lofts get less attention than west-end ones. The ink-stained floors are genuinely one-of-a-kind and can't be marketed well in listing photos. The buyers who understand what they're looking at tend to value it appropriately.
04
Berkeley Castle
2 Berkeley St, St. Lawrence
The name is accurate, and the building is impossible to mistake for anything else. Berkeley Castle has a Gothic revival facade that is genuinely unusual in a city of brick warehouses and glass towers. At 48 units, it rarely changes hands. The interiors are raw by modern standards, which is the point. The St. Lawrence Market is a four-minute walk. The King streetcar stops at the corner. Front Street East provides quick east-west access.
The building's St. Lawrence location puts it in one of the oldest continuously occupied neighbourhoods in Toronto, with established retail, the Market, and access to the waterfront. It's not in any of the named loft districts, which is exactly why it doesn't get included in district-level buyer conversations.
Why it's underrated
Its location between the Distillery District and the St. Lawrence doesn't fit neatly into any district narrative. The Gothic exterior looks nothing like a loft building, which means buyers searching generically miss it entirely.
05
Argyle Lofts
36 Lisgar St, West Queen West
The Argyle Lofts sit in West Queen West, which means they're in a well-known loft district, but the building itself gets far less attention than the Candy Factory or Chocolate Company buildings nearby. Former textile warehouse, wide-plank original floors, exposed brick and structural elements throughout. At 54 units it's a smaller building on a quiet side street off Queen.
The intimate scale creates a tighter community feel than the larger, more famous buildings. Owner-occupancy is high historically. The building doesn't generate much media coverage because it doesn't try to. That's often a sign of a well-run condo corporation that spends its energy on the building rather than its profile.
Why it's underrated
It's in a famous district but on a side street, in a small building that doesn't appear in neighbourhood guides. Buyers who know West Queen West lofts tend to shortlist the addresses on Queen Street. Lisgar Street gets overlooked.
06
Hanna Lofts
60 Hanna Ave, Liberty Village
In Liberty Village, the Toy Factory Lofts at 43 Hanna get most of the attention. The Hanna Lofts at 60 Hanna are one block away, smaller, converted from a textile printing plant, and considerably less discussed. Concrete and steel structure rather than timber beam, so the character is different from the Toy Factory. Larger floor plates, good natural light from industrial-scale windows. The building is quiet and well-managed.
For buyers who want Liberty Village's amenity density and neighbourhood completeness without the profile and price of the Toy Factory, Hanna Lofts is worth a close look. The two buildings are close enough to share a neighbourhood context, and the price differential typically runs 8 to 12 percent in favour of Hanna. Once you have a building shortlist, the full buying guide on LoftExperts.ca covers financing quirks specific to loft buildings, including live/work zoning and how lender policies vary by unit type.
Why it's underrated
The Toy Factory is the dominant address on Hanna Avenue. Everything else on that block tends to be overshadowed in buyer conversations. Hanna Lofts is a different product with a meaningful price advantage that doesn't get its own section in district guides.