About Toy Factory Lofts - 43 Hanna, City of Toronto

The Toy Factory Lofts are a winning result of a losing battle for Canada’s oldest toy company. Founded in 1926, Irwin Toy was a Canadian manufacturer and distributer of toys. With great success came the need to expand, and the company eventually moved to a new home in the west end of Toronto. A family-owned business until 2001 when it was sold to a private investment group, shortly after the business was shut down the building was sold to Lanterra developments who repurposed it into the admired space that it is today.

The seven storey structure houses 213 original loft spaces with ceiling heights ranging from 9 and a half to 17 feet. The highest floors are home to soft loft additions (surprisingly not out of place), while the original floors benefit from the warehouse conversion, complete with exposed brick and wood and steel beams. Despite varying size, almost every suite in the building has unique and attractive characteristics.

This is a high end, extremely well managed building, and boasting some of the largest and most urban-chic living spaces in popular Liberty Village, with some of the most modest per square foot common expenses in the city. Demand is so great here that just recently, 4 new suites were released (all but one has sold as of press time) from converted commercial space. Given the high-end finishes, long list of amenities and the hot Liberty Village Location, it’s no wonder that suites are rarely offered and that values remain high.

What To Love: A few years ago, condo fees were actually drastically REDUCED (almost unheard of in Toronto), following a full energy retrofit of the building. Toy Factory remains the only real hard loft option in Liberty Village, as most of the funky century warehouses and factories have been converted to offices and commercial use.

The Facts

Address: 40 Hanna Ave.             Developer: Lanterra Developments / Minuk Developments     Year Built: January 2009

Number of Storeys: 5 & 7            Number of Lofts: 213                                     Size Range of Lofts: up to 2,120 sqft

Amenities: 24-hour concierge, Party room with kitchen, Exercise room and steam room, Outdoor terrace with hot tub and lounge, 2 guest suites

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