Warehouse Lofts
| Address | 191 Parliament Street | ||
| Developer | Downing Street Group, The Sher Corporation | Occupancy | TBA |
| Area | Regent Park | Deposit | TBA |
| Storeys | 11 | Maint. Fees | TBA |
| Units | 15 | Prices | TBA |
Warehouse Lofts is a new condo in Toronto developed by Downing Street Group and The Sher Corporation currently in pre-construction at 191 Parliament Street, Toronto, ON.
About Warehouse Lofts
Something big, bold and completely different is coming to the corner of Queen and Parliament: Warehouse Lofts Toronto. Thanks to the unique commercial zoning, this exciting concept is a complete reimagining of urban live/work space. Nothing else in the GTA comes close.
Located in the top five levels of the heritage-inspired Parliament&Co. boutique mid-rise, it offers the raw, industrial aesthetic of a conversion loft with the modern technology and guaranteed quality of a brand-new build – truly the best of both worlds.
You can live there and run a creative business, tech firm or other interesting startup out of your home – you’ll be joining an inspiring community of makers, thinkers, dreamers and doers. What could be more inspiring?
Warehouse Lofts Location
Warehouse Lofts is located near Parliament and Shuter Street at 191 Parliament Street in Toronto, ON.
The building is unbeatable – and so is the location.
Warehouse Lofts Toronto is located at the corner of Queen and Parliament in New Corktown, just east of downtown in one of the city’s fastest-growing arts and innovation hubs.
It’s an amazing place to live – the perfect mix of heritage homes and cutting-edge condos in an up-and-coming neighbourhood that’s poised for great things. Plus, if you operate a business out of your home, you’ll be surrounded by some pretty inspiring neighbors. The WE Global Learning Centre, SAS Canada, Coca Cola, The Globe & Mail, Loyalty One, Scotiabank, George Brown College, Technicolor Creative Services and Google’s new Sidewalk City are all in the neighbourhood, putting your small business in some very good company.
191 Parliament Street
Walker’s Paradise
QUEEN AND PARLIAMENT – READY FOR ITS CLOSE-UP
Most live/work designations tend to be main level spaces. But in Warehouse Lofts Toronto, you can run an ad agency on the 6th level, a photography studio on the 8th, a jewelry studio on the 10th, and live large right where you work.
Warehouse Lofts Toronto, offers main level retail with large warehouse-inspired windows, fronted with wide sidewalks and trees in wood planters, creating a pedestrian-friendly vibe.
Levels 2 to 5 are dedicated to commercial space, with big, open areas ideal for larger businesses. Then above that? That’s where you’ll find Warehouse Lofts Toronto, making up levels 6 to 10. And it’s topped off with an event space on the 11th level, which features an expansive terrace and a gathering space with jaw-dropping city views.
Put it all together, and you’ve got a dynamic a community of residents, entrepreneurs, workers and guests that come together to create something truly great.
Warehouse Lofts Amenities
Work up a sweat in the space efficient gym – it has a cardio and weight machines, punching bag, free weights and space for stretching or yoga, so it’s great for a morning workout, some lunchtime cardio or an evening yoga session.
After your gym session, cool down on the adjoining outdoor terrace lounge. Fully equipped with gas barbecues, comfortable seating and loungers, it’s the ideal spot for soaking up some sun, entertaining friends or hosting a casual staff or client gathering.
UNDERGROUND PARKING FOR CARS AND BIKES
The two-level underground garage has parking for 41 cars, including charging stations for electric and hybrid vehicles.
It also has bicycle storage with a bike repair station on P1 and the first of its kind in Canada, an adjoining European-style shower facility – employees can pop in after their bike commute and come to work fresh.
WASH THOSE PAWS
The garage level also has a pet washing station, a handy spot to wash muddy paws without tracking in dirt or messing up the bathroom in your loft.
Warehouse Lofts Features
HERITAGE DESIGN. MODERN EVERYTHING.
This beautiful building only looks old. After all, it’s inspired by the historic structures that surround it, including the century-old We Charity Global Learning Centre nearby. At Warehouse Lofts Toronto, everything from the walls to the elevators to the digital operating system is brand new and state-of-the-art.
Big, bold spaces offer all the character of a traditional warehouse conversion with none of the drawbacks. Like soaring 10-foot ceilings – paired with a modern VRF heating & cooling system that will keep you comfortable all year around.
Each loft features massive warehouse-style windows that let in lots of natural light – and when the windows retract completely, they reveal a clean chic modern interior Juliet guard, turning your indoor space into an airy outdoor haven.
Plus, lofts on levels 6 and 8 offer large expansive terraces, with stunning skyline and green views, a rare find in any building in the city.
The three industrial-style elevators have an industrial heritage vibe; they’re high-speed and fully connected to the digital infrastructure of the building. So when you leave your loft or arrive at the garage, they sense you and show up automatically – no waiting. And they’re just one of the features in a building that’s designed to respond to you. Holy Batman!
And because Warehouse Lofts Toronto is a new build, your loft also comes with something else you’d never get with a building conversion: a Tarion warranty.
It really is the best of both worlds: inspired by history, powered by innovation.
About the Developer
Downing Street Group
Since 1986, The Downing Street Group has acquired, repositioned and developed residential, office, commercial, land, and industrial real estate. We have also been providing advisory services in addition to both debt and equity financing to third parties across all asset classes. We have earned a reputation for “Big Thinking. Boutique Feeling”. The key to The Downing Street Group’s success is the execution of its four active complementary investment theses by a team with a perfect blend of industry know-how and entrepreneurial skills while providing the firm and its investors with stable and sustained risk weighted returns.
The Sher Corporation
Armed with a strong understanding of urban design and a future-forward approach to real estate, The Sher Corporation is focused on developing high quality residences that add value to the current architectural landscape. Sher is dedicated to creating outstanding residences that push the design envelope, while seamlessly weaving through the existing urban fabric.
Warehouse Lofts FAQs
How do I reserve a unit in this project?
After you review the floor plans and prices, if you know what suites you are interested in, you may reserve a suite online using our online reservation worksheet form at https://truecondos.com/worksheet.
Does filling out the worksheet form mean I’m committing to buy a suite?
No it is not a formal commitment, it is an expression of interest and the first step you must take if you are thinking about getting a unit in this project.
What does it mean that Andrew la Fleur is a “Platinum Agent”?
Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.
Andrew la Fleur has been a top-selling pre-construction agent since 2007, and during this time he has achieved platinum status with many of the top builders and sales companies in the Greater Toronto Area.
For more information on about Platinum agents see this article: https://truecondos.com/5-things-to-know-about-buying-a-condo-with-a-platinum-vip-realtor-real-estate-agent/
How does it benefit me as a buyer to work with Andrew la Fleur as my Platinum Agent?
Working with me as your Platinum agent gives you several benefits
- You get the highest level of access in the building
- You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
- The best possible incentives
- I do not represent the builder. I represent you. You benefit from my expertise of being a top selling pre-construction agent and investor myself since 2007.
- Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
- My services to you as a buyer are free
Do I get a cooling off period? What is it for?
Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling off period. It’s 10 calendar days, not business days from the time you sign.
The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter
Do I need to have a lawyer?
You don’t need to have a lawyer at the moment that you sign the agreement, however I always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling off period.
Not sure who to talk to? Don’t worry – getting a lawyer is something I can help you with. Contact me for more details.
Do I need to have a mortgage pre-approval to buy?
95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of signing.
Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that I can help you with. Contact me for more details.
Do the prices include HST?
If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.
If you are purchasing as an investment rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.
This money is remitted to the CRA and as an investor renting out your property you can apply to the CRA immediately to get this money back. It usually takes about 1 month to get your rebate back.
For more information on the HST, see here:
https://truecondos.com/tag/hst-rebates/
Contact me for more details.
What are my closing costs on a pre-construction condo?
Closing costs on a pre-construction condo will vary greatly depending on the actual purchase price of the unit you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit that you are buying.
Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.
Check out this article for more info on closing costs:
Contact me for more details
Are there any ‘hidden’ costs when buying a pre-construction condo?
No, there are no hidden fees when buying pre-construction condos because all fees must be disclosed in the agreement of purchase and sale. All purchasers have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.
Is it possible to assign my condo? How much is the assignment fee?
Most condo builders do allow you to sell your unit before the building is complete. This projcess is called selling by “assignment”.
There is usually an assignment fee and a legal fee associated with selling. Costs can range from $1000-7000. Contact me for more details.
