$3.3 million for a west-end steel factory conversion with a staircase that snakes around an elevator

Neighbourhood: Junction–Wallace Emerson Price: $3,280,000 Size: 2,757 square feet Bedrooms: 2+1 Bathrooms: 3+1 Parking spots: 2 Real estate agent: Adrian Mainella, Sotheby’s

The Place

A two-plus-one-bedroom, three-plus-one bathroom, four-level hard loft designed by Toronto–New York firm Phaedrus. It’s nestled in Junction–Wallace Emerson, which is sometimes more broadly referred to as Davenport Village. The home comes with two underground parking spots, a gym, a party room, a steel-doored storage space and a capacious central atrium that functions as an indoor courtyard. It’s within walking distance of Lansdowne and Dundas West stations, the Junction’s many shops and restaurants, and the adorable dogs in Earlscourt Park. And motorists are a short drive from Gardiner Expressway and Allen Road.

Related: $12.5 million for a heritage church conversion with a footprint big enough for a mansion

The History

Built in 1908 as a steel-and-iron-manufacturing factory for the Canada Foundry Company, this former industrial building got a revamp from Burka Varacalli Architects in 2008. The company converted it into 104 units—most under 1,200 square feet—and dubbed it the Foundry Lofts in honour of its first tenant.

The Tour

In accordance with its heritage status, the building’s original exterior has remained. Check out the century-old windows and the carefully restored roof monitor.

The ground floor’s massive four-storey atrium unites each of the units and is flooded with breathtaking natural light.

A vestibule for outerwear greets residents upon entry, followed by the kitchen, which is lined with Taj Mahal quartz counters, Fisher and Paykel appliances, and custom panelling with integrated lighting.

Here’s the reverse angle, highlighting storage galore and the breakfast counter with space for two.

This double-height dining room is lined with exposed brick and lit by an Audo chandelier from Copenhagen.

The main floor powder room was inspired by a bathroom on a yacht.

There are two ways to access the second and third levels: climb the custom spiral staircase or ride the tubular glass elevator.

Moving to the second floor reveals the media room, with a special recess for the TV clad in millwork.

It also has this office nook for WFH moments.

The glowing staircase is a work of art in itself.

This great room lives on the top floor. The space is equipped with 29-foot ceilings, a steam fireplace with a hood that stretches to the roof, and a wet bar with its own dishwasher.

Beside the great room is this very good room: a library with white-oak herringbone floors and a bespoke shelving unit.

Now for the main suite, complete with vaulted ceilings and a built-in California king bed. Those are Crittall-inspired industrial windows.

Here’s the spa-like ensuite bathroom, with a deep soaker tub and a double floating vanity made from Italian stone.

A secondary bedroom down the hall has bright west-facing windows, a large free-standing closet and its own creative corner.

Lastly, here’s a peek inside the fourth-floor office. The building’s original ceiling tresses are on full display, and residents can gaze over the glass partition into the great room below.

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