Dennis  Paradis

Dennis Paradis

REALTOR®

RE/MAX Hallmark York Group Realty Ltd.

Mobile:
416-399-5832
Email Me

543 Timothy Street (Historic Loft) - Newmarket Condo

543 Timothy Street (Historic Loft) - Newmarket Condo

 

543 Timothy Street (Historic Loft)  - All Active Listing and Solds  

Discover the ultimate property search experience! Explore all the active listings and sold properties available at 543 Timothy Street (Historic Loft)

Whether you're looking to buy or sell, my comprehensive database offers valuable insights to help you make informed decisions.

Don't miss out on your dream property - start your search here today!

 

More Resources:

Create Neighbourhood Buzzer

Price Drop Alert

Daily Commute Calculator  (Link is Secure)

 

Links to More Newmarket Condos:

1. 250 Davis Dr (Atwood)

2. 260 Davis Dr (Grandview)

3 270 Davis Dr (Kingscrest)

4. 10 Ashton Rd (Ashton Place)

5. 155 Main St North (Heritage North)

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

COST OF LIVING  

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)

Pros

  • 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

Cons

  • 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)

Have Questions?

I agree to receive marketing and customer service calls and text messages from RE/MAX Hallmark York Group Realty Ltd.. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.