Chocolate factory loft Toronto

In an effort to revitalize the downtown Toronto core, you are immediately welcomed with high ceilings, high windows and a feeling of endless space as you walk through many of the lofts in Toronto.

This open concept kind of living is often the result of a conversion from industrial use to residential living in the city. As a result, one expects to see steel ventilation ductwork across the ceilings and exposed brick as an interior wall.

There are however, lofts that are designed by developers for those that want the open concept living, but without the hard industrial feel.

Consequently, ceilings are very tall, but without the unique ductwork and interiors are finished with traditional draw wall. The Chocolate factory loft has done a great job of combining an original feel with the modern and eclectic.

Conversion lofts, however, are not protected against inferior workmanship like new condos and homes. If you are in the market for a loft it is important to know that the provincial warranty program will not cover your new space.

The provincial warranty program is designed to protect purchasers from structural defects, shoddy workmanship, omissions or unauthorized substitutions on the part of the developer.

The Ontario warranty program for new homes is administered by Tarion Warranty Corporation regulated by the Ontario New Home Warranties Plan Act. New home buyers benefit from protection against delayed closings or occupancies without proper written notice, and deposit protection.

As mentioned above, none of this protection is afforded a purchaser of a converted loft, and one must depend on the developer's warranty program. However, many developers want repeat business, and will ensure that the converted lofts meet the standards expected by today's consumers.

Yet, it is imperative that you consult a lawyer, before the purchase of a converted loft, and negotiate with the builder on a ‘cooling off' period should you decide against the purchase.

A cooling off period allows a purchaser to get their deposit back, because of a change of heart, and is one of the elements contained within most warranty programs.

Some popular and successful converted lofts in Toronto include the Chocolate factory loft Toronto, Tip Top lofts at 637 Lakeshore Boulevard, Westside lofts at 700 King Street West,Madison Ave loft at 376 MacPherson Avenue, and the Merchandise Building Lofts at 155 Dalhousie Street.

If you are interested in purchasing a home in the Chocolate factory loft Toronto contact me, or you can schedule an appointment with me for any of your real estate needs.