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    347 Sorauren Avenue

    Sorauren Lofts
    0for Sale
    1for Rent

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    2
    Number of Units:
    48
    Condo Completion:
    1997
    Condo Demand:
    High
    Unit Size Range:
    549 - 2,000 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Sorauren Lofts

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    Amenities

    Party Room
    BBQs Allowed
    Bike Storage
    Tennis Court
    Security System
    Visitor Parking

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 347 Sorauren AvenueSorauren Lofts

    Sitting pretty in west end Toronto, Sorauren Street has just lately begun to receive the attention it truly deserves. While trendsetters in this city have been well aware of the residential potential of industrial buildings since the 1990s, this Roncesvalles area street is finally experiencing its heyday.

    While the west end has gained popularity thanks to the rising prices of downtown Toronto condos, the Sorauren Lofts have in fact been home to residents for some time now. Renovated in 1999, the building at 347 Sorauren was one of the earliest loft conversions in the city.

    The building’s past life may not be ultra-exciting to many: 347 Sorauren was originally home to a factory responsible for the creation of ball bearings. However, the industrial aesthetics that remain make for 48 impressive, and not to mention unique, homes.

    As if to prove just how long this structure has been around, foliage wraps its way around the red brick façade. The classic industrial architecture is understated, nonchalant, and cool, although once inside the lofts tend to be quite dramatic thanks to their creative owners.

    The Sorauren Lofts doesn’t necessarily cater to those looking for a one-stop-shop. Instead, the lack of amenities encourages active residents to go out and explore the expansive city that surrounds them. Certain lofts at 347 Sorauren do, however, come equipped with parking spaces, while others boast direct access to Sorauren Park from ground floor patios. Anyone lucky enough to score a unit with an outdoor space can also make use of gas hook-ups for barbecues (and those who aren’t so lucky are encouraged to make friends with these neighbours).

    Being as intimate as it is, the Sorauren Lofts rarely appear on the market. Between everything mentioned earlier, as well as a pet-friendly attitude and a live/work zoning, the desirability of 347 Sorauren should simply come as no surprise.

    The Suites

    Once inside the building, it becomes impossible to forget the authenticity of this hard loft. A walk down the hallways always involves glimpses into the former industrial life of the Sorauren Lofts: exposed ductwork and brick are omnipresent. These elements can be found throughout the units themselves, along with other original finishes such as wooden beams and ceiling panels, and hardwood or concrete floors.

    In terms of size, Toronto condos for sale in this building range considerably. Modest lofts begin at approximately 500 square feet, while more expansive homes can reach to 1,700. Even more impressive than the area of these units, however, are the ceiling heights that can reach all the way to 17 feet tall. To top it all off, sprawling windows usher in natural sunlight, creating a brightening effect that’s hard to forget.

    With only 48 units to design, Sorauren Lofts developer Mel Brown was able to avoid any standardization during the conversion process. As a result, every unit at 347 Sorauren Avenue is distinct from the next. Some contain one bedroom, others two; mezzanine-style lofts are sprinkled throughout the building; certain units feature rare vaulted ceilings; another home was formerly owned by a Restoration Hardware designer, meaning it has surely received an upgrade or two over the years.

    The Neighbourhood

    Unexpectedly, the name Sorauren actually hails from across the Atlantic. The Battle of Sorauren — part of the Napoleonic Wars in the early 19th century — was fought in Spain. Colenol Walter O’Hara, who participated in the battle, eventually moved to Toronto, settled the area, and was therefore responsible for naming the surrounding streets.

    Since then, the Roncesvalles Village has developed into one of the friendliest and most charming neighbourhoods in the city. Perhaps this is also a side effect of residents living next door to the largest green space in the city: High Park. South Parkdale, Brockton Village, Bloor West Village, and The Junction - West End are all surrounding areas worth exploring, although we don’t blame residents who don’t stray too far very often.

    High Park can be reached in about 15 minutes from the Sorauren Lofts on foot, however truly exploring its 400 acres can take all day. Another alternative for when timing is tight is Sorauren Park, which can be considered the building’s back yard. Here, residents can enjoy a round of tennis, a game of fetch in the off-leash dog area, and a weekly farmers market when the weather warms up.

    Transportation

    For those that drive, Dundas and Queen Street will come in handy when traveling east and west, while Roncesvalles and Lansdowne are the closest major north-south routes. When embarking on longer trips, the Gardiner Expressway can be reached in no time via Jameson Avenue, which also provides quick access to the 427 and the Don Valley Parkway.

    Streetcar routes along Queen or Dundas Streets West carry passengers toward the centre of the city, and allow for connections onto the Yonge-University-Spadina subway line. Alternatively, a walk up to Bloor Street to reach Dundas West station takes only 13 short minutes.

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    Explore Roncesvalles

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar lofts

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,582
    Average Individual Income
    $63,431
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $101,322
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    16%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    19%
    65+
    17%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    25%
    $60,000+
    15%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    54%
    Detached
    24%
    Semi Detached
    13%
    Low Rise Apartment
    5%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    79%
    Mandarin
    8%
    Cantonese
    6%
    Arabic
    2%
    Tagalog
    2%
    Telugu
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    45%
    High School
    21%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Architecture & Engineering
    22%
    Business Management
    21%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Visual & Performing Arts
    4%
    Education
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Sorauren Lofts vs The Roncesvalles Area

    Days on Strata

    Units at Sorauren Lofts spend an average of
    9
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    2%
    above
    the list price.

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Roncesvalles

    Turnover of Units

    On average, each unit is owned for
    4.8
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    9th
    Highest price per SQFT out of 18 condos in the Roncesvalles area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Sorauren Lofts offers the
    ?
    best value out of 18 condos in the Roncesvalles neighbourhood

    Appreciation Rank

    Sorauren Lofts has the
    ?
    highest ROI out of 18 condos in the Roncesvalles neighbourhood

    Rental Yield

    Sorauren Lofts yields the
    ?
    highest rent prices out of 18 condos in the Roncesvalles neighbourhood

    High Demand

    Sorauren Lofts is the
    ?
    most popular building out of 18 condos in the Roncesvalles neighbourhood

    Transaction Insights at 347 Sorauren Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed + Den
    Price Range$590,000$540,000No DataNo DataNo Data
    Avg. Cost Per Sqft$965$872No DataNo DataNo Data
    Avg. Wait for Unit Availability226 Days859 DaysNo DataNo DataNo Data
    Ratio of Units in Building67%22%7%4%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Roncesvalles