Dennis  Paradis

Dennis Paradis


RE/MAX Hallmark York Group Realty Ltd.

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543 Timothy Street (Historic Loft) - Newmarket Condo

543 Timothy Street (Historic Loft) - Newmarket Condo


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Links to More Newmarket Condos:

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6. 900 Bogart Mill Tr 

7. 20 William Roe

8. 40 William Roe

9. 543 Timothy Loft


Condo Summary - 543 Timothy Loft (Historic Loft)

Architectural and Historical Context

Architectural and Historical Context - Housed the woodworking division of the Office Specialty Manufacturing Company, once the largest producer of wood and steel office furniture and equipment in Canada. 

The earliest surviving component of a factory complex extended along the railway tracks from Water St. past Timothy St. - Designed by local architect Oliver E. Tench.  

Source: Heritage Newmarket Advisory Committee - Register


Updated: January 20, 2024

Address: 543 Timothy Street  Newmarket ON   L3Y 1R1

Building Name: Historic Loft (designated as a Heritage site)

Neighbourhood: Central Newmarket

Condo Corp: YRCC1047

Build date: 1905; Converted: 2005

Builder: MG Lewis Ltd.

Date Registered: Nov 14, 2005

Units: 56

Storeys: 3

Property Mgt:  Wilson Blanchard, 416-642-2807

Fees: All utilities included (except phone. cable, internet) - rare to have Hydro included.

Pets:  Pets are allowed but have rules. Restricted as to number and weight and cannot disturb other owners by barking.

Health Amenities: Exercise

Social Amenities: Party, Theatre, Rooftop Terrace with BBQs and Table/Umbrellas

Security Amenities: Phone Entry  

Other Amenities: Visitor Parking, Landscaped, Nearby Historic Main Street & Fairy Lake, Tom Taylor Trail, Riverwalk Commons with wading pool/ice rink..

Heating: Radiant Floor (a rare feature)  Note: hydro is included in condo fees - very rare.

Cooling: Ductless units

Balcony: No

Ensuite Laundry: Yes

MLS Rentals:  2 - 2018: 1B $,1700 - 1,850 + cable TV, phone, internet  (all main utilities included)

Fees/SF (2021): $0.83/SF (limited data)

Med Fees Trend:  insufficient data

Fees Include Hydro (value $80-$100/month) Underground and/or Surface parking and locker, heat, water, sewage and common expenses, and building insurance.

Fees Exclude Personal utilities (landline/cell phone, internet, cable TV) and unit insurance with locker coverage.

Note: Many units (1 & 2 bed) have both underground and surface parking.

Typical 2-Bed 2-Wash - 1,054 SF

Kitchen - open-concept
Primary Bed - 158 SF


Home Costs per Month 
Fees:   $875 ($0.83/SF)
Hydro:  Included in condo fees
Taxes:  $265
Insure:  $30

TOTAL: $1,170 + Mortgage + Phone, Internet, Cable TV and any rentals

Monthly Shelter Cost/Square Foot: $1.11/SF/Mth


Caution: Buyers must always verify the relevant info above using expert advice from their lawyers and realtors.

i.e.; Declaration, By-laws, Rules, Budget, and Condo and Unit Status Certificate.

Pros and Cons - 543 Timothy Street (Historic Lofts)


  • Trendy & Chic -  15 ft ceilings, Douglas fir beamed and exposed, stressed brick
  • Great location - close to historic Main Street and Fairy Lake/Riverwalk Commons
  • Beautiful historic architecture.
  • Only 3 floors - 56 units (22 on the 2nd & 3rd floors and 12 on the lower level with amenities.
  • Most 2-bed units come with one underground and one surface parking.
  • Most 1-bed units come with the surface only.
  • Note: There are no 3-bed units
  • Huge windows
  • Radiant floor heating.
  • Rooftop terrace with BBQs and tables with umbrella - lovely view. 
  • Very few units are rented out each year via MLS, e.g.; 1 per 2 years. Estimate 3-4 privately rented/yr


  • All-inclusive condo fees at $0.83 per SF (Hydro is included)
    • Hydro is worth about $0.10/SF in saved condo fees and is usually not included in condo fees in condos
    • Even after deducting the hydro from the fees, the fees are among the highest in  Newmarket.
  • Go Train tracks nearby on the west side but this side has the best views.
  • Open concept - very. 
  • Interior walls (8-ft) do NOT extend to ceiling (15-ft) (privacy/noise)
  • Floors/Ceilings wood vs. concrete (interior noise higher level than standard condo)
  • Noise can occur from the floor above and adjacent units. Not a big issue as owners respect their neighbours.

Premium Features (for select suites) - See Report

  • West exposure (better views).
  • Corners 
  • Top (3rd) floor (view and no floor above noise)

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