347 Sorauren Avenue, Toronto, ON

$549,000
MLS#:W9357887
2 beds
1 baths
600-699 sqft
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Loft condo apartment located in the coveted neighborhood of Roncesvalles. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $549,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 0.0 total parking spaces available
  • Notable attributes: Brick & Beam, Water Heater
  • equipped with wall unit(s) central cooling and highly efficient other heating via gas

Description

If you're tired of cookie-cutter condos and sterile spaces, this unique, one bedroom + den authentic hard loft will steal your heart the moment you walk in. Set in a historic 1908 ball bearing factory, Sorauren Lofts offers the perfect blend of industrial heritage & modern comfort that's becoming rarer by the day. With just 48 units, this boutique building holds onto its spirit, something you wont find in today's typical concrete boxes. Step inside, and be awestruck by your loft's dramatic 15-foot ceilings, original exposed wood beams, visible ductwork, rugged brick walls & raw, industrial aesthetic. This isn't just a place to live and work; its an experience. With three skylights flooding 629 sq ft of open-concept living space with natural light, you'll be smiling from the moment you enter. Imagine preparing a meal in your newly updated kitchen featuring brand-new appliances, designer stone countertops, and backsplash while your friends gather at the oversized breakfast bar, or cozy up to the gas fireplace. For a real level change, take the steel-framed staircase to the mezzanine and your relaxing bedroom. When it's time to work, head up the other steps to your raised home office. Your loft is the perfect space, blending industrial charm with unpretentious urban style, ideal for those who crave something unique.The building itself is full of character and community; converted into lofts in 1997, its iconic red-brick exterior evokes Toronto's industrial past, creating an undeniable sense of camaraderie and belonging - a rare gem in today's market. Low condo fees! Outside, you'll find yourself just steps from Sorauren Park, where you can play tennis, visit the farmers market, or hit the off-leash dog zone. A two-minute walk down tree-lined streets takes you into the heart of Roncesvalles Village one of the City's understated trendy neighbourhoods, with endless chill cafes, artisan shops & vibrant restaurants. This is your new home-grab it, hug it and hold on to it!

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateOctober 2, 2024
Sold price information is available to members only
Listed Date9/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleLoft
ConstructionBrick
BasementNone
CountyToronto
Annual Tax$2,739.55

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeOther
CoolingWall Unit(s)

Features

Property Features

Rec./Commun.Centre, School, Hospital, Library, Park, Public Transit

Interior Features

Brick & Beam, Water Heater

Security Features

Community Features

Location

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347 Sorauren Avenue, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 347 Sorauren Avenue 222, Toronto W01, ON M6R 2G5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$29,900 (5.4%)
* Minimum Canadian down payment required for this price is $29,900.
Amortization Period25 Years
Estimated Monthly Payment$3,093Based on a loan of $519,100 over 25 years.
Purchase Price$549,000
Loan Amount$519,100
Provincial Land Transfer Tax:$7,455
Toronto Municipal Land Transfer Tax:$7,455
Total Estimated Closing Taxes:$14,910

About Purchasing a Home in Toronto, ON

For a property listed at $549,000 in Toronto, the legal minimum down payment is $29,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,455 also applies, bringing the total estimated land transfer taxes to $14,910.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Roncesvalles, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,413,553

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Fern Avenue
Public128 Fern Avenue, High Park-Swansea, Toronto, Ontario, M6R 1K3
6.0
St Vincent de Paul
Public263 Roncesvalles Avenue, High Park-Swansea, Toronto, Ontario, M6R 2M3
8.9
Pope Paul
PublicFern Avenue, High Park-Swansea, Toronto, Ontario, M6R 2L4
5.6
St. Andre
Catholic330 Lansdowne Avenue, Toronto, Ontario, M6H 3Y1
5.2
Garden Avenue
Public225 Garden Avenue, High Park-Swansea, Toronto, Ontario, M6R 1M9
7.7

Secondary Schools

Pope John Paul II
PublicFern Avenue, High Park-Swansea, Toronto, Ontario, M6R 2L4
6.7
St.-Frère-André
Catholic330 Lansdowne Avenue, Toronto, Ontario, M6H 3Y1
7.7
Toronto Ouest
Public330 Lansdowne Avenue, Toronto, Ontario, M6H 3Y1
8.8
Parkdale
Public209 Jameson Avenue, Toronto, Ontario, M6K 2Y3
6.5
Bishop Marrocco/Thomas Merton
Public1515 Bloor Street West, Toronto, Ontario, M6P 1A3
4.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.