Toy Factory Lofts — 43 Hanna Ave, Toronto, ON Liberty Village Condos
Quick Answer
Toy Factory Lofts at 43 Hanna Ave is a 276-unit converted loft building in Liberty Village, built in 2004 from the original 1920s Irwin Toy factory. One-bedroom units rent from $2,450/month with authentic exposed brick and soaring 12-foot ceilings. The building is pet-friendly, has concierge service, and a rooftop terrace overlooking the Toronto skyline.
Key Takeaways
- ✓Authentic factory conversion with original exposed brick and timber beams from the 1920s Irwin Toy plant
- ✓Rooftop terrace offers some of the best skyline views in Liberty Village
- ✓One of the largest loft buildings in the neighbourhood at 276 units across 7 floors
- ✓Concierge service and 24/7 security make this ideal for frequent travellers
- ✓Pet-friendly building with dedicated bike storage and short walk to the 504 King streetcar
Quick Facts
Year Built
2004
Total Units
276
Floors
7
Type
Loft
1BR Avg Rent
$2,450/mo
2BR Avg Rent
$3,350/mo
Walk Score
89/100
Transit Score
95/100
Developer: Freed Developments
Maintenance Fee: ~$0.73/sqft/month
Amenities
Industrial Heritage
Toy Factory Lofts was converted from an original industrial building, retaining the authentic character — exposed brick walls, heavy timber structural beams, and factory-original windows — that makes Liberty Village lofts unique in the Toronto market. Unlike "soft lofts" which mimic the aesthetic in new construction, hard loft conversions like this one preserve genuine manufacturing heritage.
The original building date of 2004 reflects the timeline of Liberty Village's transformation from a post-industrial district into Toronto's most creative residential neighbourhood. Maintenance fees at loft buildings are typically slightly higher than comparable new towers, reflecting the cost of maintaining heritage building envelopes.
Residents of Toy Factory Lofts should note that heritage loft construction typically means concrete slab between floors (excellent sound isolation), but original HVAC systems may be older than in recently built towers. Request the most recent building envelope and HVAC inspection reports before purchasing.
Nearest Local Businesses
Services and amenities within walking distance of Toy Factory Lofts.
Transit
504 King streetcar at Dufferin (4 min walk)
Walk Score: 89 · Transit Score: 95 · Bike Score: 82
Pro Tips
- 1. Request a south-facing unit for the best Lake Ontario views from the rooftop terrace — the NW corner units see both the lake and downtown skyline.
- 2. The building's heritage status means no window replacement noise from neighbouring developments; the eastern exposure also avoids afternoon traffic rumble from Dufferin.
- 3. Visitor parking is extremely limited — inform guests to use the Green P on East Liberty Street rather than circling the building.
- 4. The Irwin Toy building bones mean exceptional sound insulation between floors; concrete slab construction keeps inter-unit noise minimal.
Pros & Cons
Pros
- ✓Authentic heritage loft conversion with original architectural details
- ✓Rooftop terrace with panoramic city and lake views
- ✓Full concierge and on-site property management
- ✓Well-established condo corporation with healthy reserve fund
- ✓Walking distance to Balzac's, GoodLife, and Liberty Market
Cons
- ✗Higher maintenance fees than comparable newer buildings ($0.73/sqft/month)
- ✗Visitor parking is scarce — street parking often needed
- ✗Some units have limited natural light on lower north-facing floors
Toy Factory Lofts — Frequently Asked Questions
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