Toronto’s Tip Top Lofts: A Historic Art Deco Building Sees Market Resilience

Toronto’s real estate market continues to present challenges, but properties that combine prime location, unique architectural features, and effective presentation are still attracting buyers. The recent sale of a loft at Tip Top Lofts, located at 637 Lake Shore Blvd. W, exemplifies this trend. Originally built in 1929 as the headquarters for Tip Top Tailors, the building has been converted into modern loft apartments, attracting a diverse range of residents, from professional athletes to everyday individuals.

A Landmark Building with a Rich History

Tip Top Lofts stands as a notable example of Art Deco architecture in Toronto. The building, designed by Max Dunning, originally served as a combined garment factory, warehouse, and head office for Tip Top Tailors Ltd. Today, it offers residents access to a gym, hot tub, rooftop terrace, and other amenities.

Recent Sale Demonstrates Market Dynamics

A unit at 637 Lake Shore Blvd. W, No. 208, recently sold for $900,000 in January 2026, after initially being listed at $924,000. The property had been on and off the market since April 2024, with previous asking prices reaching as high as $1.05 million in June 2025. The successful sale followed a strategy of professional staging, which, according to listing agent Shane Giddens of Re/Max Realtron Realty Inc., “looked spectacular, inviting, cool and chic,” leading to increased showing activity. The property had been previously listed with two other agents.

Property Details and Features

The loft features 13-foot ceilings and warehouse windows, creating a spacious and bright living environment. It includes a primary bedroom, a den, and a second bedroom accessible via separate staircases. The unit also comes with a storage locker and one parking spot. Monthly fees of $829 cover the costs of water and heating. Previous selling prices for units in the building include $595,000 in May 2015 and $359,201 in September 2006.

Location and Amenities

Tip Top Lofts boasts a prime location near the waterfront, offering easy access to the Lake Ontario waterfront trail, parks, the marina, and the Billy Bishop Toronto City Airport. Residents are also within minutes of transportation, shopping, restaurants, and downtown Toronto. Building amenities include a party room, meeting rooms, a gym, a whirlpool, and a rooftop terrace with barbecue facilities.

Market Outlook

According to Mr. Giddens, “Properties that are priced properly, presented beautifully and marketed well are still selling despite the challenges of the market.” The sale of this loft suggests that a well-executed strategy can overcome current market hurdles and attract buyers to unique properties in desirable locations.