Zed Lofts is an eleven storey high low-rise condo development found at the corner of Bathurst and Niagara. The exterior blanched concrete and the glass balconies that hang prominently over the street below are immediately identifiable by anyone walking by. The 112 units that comprise the Zed Lofts at 38 Niagara Street range in size from 396 sq. ft. to 1,961 sq. ft. These include bachelor apartments, up to two-bedrooms plus den and a small collection of three-storey penthouse suites available.
If you are looking for King West condos for sale or rent, the Zed Lofts at 38 Niagara Street provide an excellent buy. Originally developed in 2006 built by the Tas Design Build developers, 38 Niagara Street is now overseen and managed by Goldview Property Management. Those living a live-work lifestyle would be well served embedding themselves into the young working professional neighborhood that King West is. The units at 38 Niagara Street feature amenities such as bright floor-to-ceiling windows, hardwood floors, open-concept kitchens, large bedrooms, and some with private balconies. Just down the street from the Zed Lofts are a commercial district filled with shops, restaurants, galleries, and clubs in addition to key Toronto landmarks such as the Rogers Centre stadium, the CN Tower, and the Metro Toronto Convention Centre all being a short TTC trip away.
Condo units in King West can be hard to come by, particularly larger units such as the three-storey penthouse lofts at 38 Niagara Street which are truly a rare find. If you’re looking for a creative live-work apartment, these three-storey lofts as well as the two-bedrooms plus dens are excellent. Among the variety of amenities at the Zed Lofts, there is a communal rooftop deck with BBQ stations allowing residents the chance to enjoy a little time out in the sun from this extra special vantage point. When discussing its location, it also bears mentioning how close 38 Niagara Street is TTC options along Bathurst Street and King Street.
There are a number of amenities at 38 Niagara Street including the common rooftop deck, a party room, BBQs, a meeting/function room, security guards at the entrances and exits of the premises, an enter phone system, a parking garage, elevator, visitor parking, and pets being allowed. The maintenance fees at the Zed Lofts also cover common element maintenance, building insurance, and water.
38 Niagara Street boasts a transit score of 100 out of 100 and an impressive walk score of 95 out of a possible 100. The kilometre surrounding the Zed Lofts is populated with key hot spots including restaurants such as Domino’s Pizza, coffee at the Colette Grand Café, bars like the Wildflower, groceries from The Kitchen Table, and a variety of schools, parks including Victoria Square Park, and shopping among other attractions.
The average price per square foot at the Zed Lofts is $653 with an average year-over-year growth rate seeing a decline of 4.8 percent in the past year. Though the Zed Lofts has seen its growth stabilize this past year, the development has shown consistent growth from 2007 until 2016 with average price per square foot rising form $431 in 2007 to $653 today. Though this one year decrease may have some investors worried, it may provide some buyers the opportunity to gain leverage in purchasing a unit at 38 Niagara Street, a building which currently sits 3.5 percent less expensive than other King West condos.
Neighborhoods in Toronto’s west end like King West have the luxurious benefit of offering residential privacy while still keeping its citizens close to the bustle of the downtown city. No matter where you may want to go, heading east has never been easier on the streetcar or bus and everything from the Rogers Centre, Ripley’s Aquarium of Canada, the fashion and entertainment districts, and the Queen Street music scene is all held within a close distance. Along with the arts and design boutiques in Liberty Village and similar developments surrounding Queen West, King West sits among the fastest growing neighborhoods in Toronto’s west end. Those that are looking to immerse themselves into one of Toronto’s most exciting areas and/or who are looking to make a good return on a Toronto condo investment, 38 Niagara Street stands among a small collection of condo developments in King West that can provide both.