The Bread Company, 193 McCaul St: New Tower on the Silverstein’s Site

The Bread Company is named after what used to be here: Silverstein’s Bakery, which baked rye and bagels on McCaul Street for close to a century. Today it is a 20-storey architectsAlliance tower with 309 suites, a short walk from the AGO, OCAD and U of T, and one of the few new buildings with real three-bedroom plans in this pocket. I’m Jatin Dua, RE/MAX Quantum Realty.

Built on the Silverstein’s Bakery site

Silverstein’s Bakery was a family-run bakery on McCaul for nearly a century before it closed. The site was sold in 2016, the low-rise bakery building was demolished, and the new tower took its name from the loaves that used to come out of it. For buyers who grew up in the area, the name still means something, and it gives the building an identity most new towers lack.

Early reporting described a 19-storey proposal; the building as completed stands 20 storeys and about 68 metres. The project drew pushback from neighbours during approvals, which is common for towers next to Baldwin Village’s low-rise streets, and the final design is what came out of that process.

Lamb Development Corp. acted as developer and construction manager. Construction was well advanced by spring 2024, when window installation was moving up the tower, and the corporation registered that November. That makes this one of the newest buildings in the area, and it is still in its early years of operation.

An architectsAlliance tower with three underground levels

architectsAlliance designed the tower, with U31 on the interiors and Marten-Nikzad Landscape Architects on the landscape. It is a mixed-use building with retail at the base, which adds street life to this part of McCaul.

Parking is in three underground levels. That does not mean every suite has a space; in downtown towers of this size, suites are often sold with and without parking. If parking matters to you, confirm it is deeded with the suite and ask what a separate space trades for in the building.

I could not confirm ceiling heights or exterior materials from a reliable source. Measure ceilings at a viewing and look closely at window-wall details and balcony depth, which vary between floor plans in towers like this.

A real suite mix, including three-bedrooms

The suites listed for sale when I checked covered one-bedroom-plus-dens from roughly 500 to 800 square feet, two-bedrooms in the 800 to 899 band, and three-bedroom suites. That range is wider than most new downtown towers, where three-bedrooms are often a handful of units or absent.

The one-bedroom-plus-dens are the core of the building and will suit students’ parents buying near U of T and OCAD, young professionals, and investors. Check whether the den is an enclosed room with a door or a nook off the living area, because that changes both how you can use it and what it is worth.

The three-bedrooms are the more interesting product. For a family that wants to stay central, a three-bedroom near Baldwin Street and the AGO is rare, and those suites are likely to stay in demand when they resell.

The two-bedrooms in the 800 to 899 square foot band sit in between. Look for a split plan, with the bedrooms on opposite sides of the living area, if you are buying with a roommate or renting to students; a split plan rents more easily and gives each occupant real privacy.

Daily life at McCaul and Baldwin

This is the edge of Baldwin Village, a short strip of small restaurants and cafés in old houses, with the AGO and Grange Park a few blocks south and Kensington Market a short walk west. U of T’s downtown campus is to the north and OCAD University is just down the street.

That mix means a lot of students and a lot of daytime foot traffic, but the immediate side streets are quieter than Spadina or College. The hospitals on University Avenue are close as well, which widens the pool of likely buyers and tenants. The data panel covers transit, parks and nearby food in more detail.

The closest new-build comparison is Design Haus at College and Huron, a smaller 2021 tower by Shiu Pong with a rebuilt heritage base. Design Haus has more history and a smaller suite range that tops out under 900 square feet; The Bread Company is newer and offers larger family plans. Which one fits depends on whether you need the third bedroom.

Pricing and fees

Eight suites were listed for sale when I checked, asking between about $520,000 and $1.05 million. One-bedroom-plus-dens asked roughly $520,000 to $750,000 depending on size, two-bedrooms about $850,000 to $875,000, and three-bedrooms about $1.0 million to $1.05 million.

Monthly fees on those listings ran from about $458 to $1,009, which condos.ca works out to around $0.88 per square foot. That is moderate for a new downtown tower with a concierge, and lower than some boutique buildings in the west end. Condos.ca does not list what is included, so check the status certificate for heat, water and parking.

Eight listings in a building this new tells you some first buyers are reselling. That gives you choice and some negotiating room, but it also means you are competing with assignment and new-build inventory nearby. For sold figures, see the data panel or ask me for a building sold report.

Building specifications

Amenities at The Bread Company Condos

The amenity package is practical rather than resort-style: a concierge, a gym with a yoga studio, and co-working and tech space. That suits a building full of students, professionals and people working from home, and it keeps the shared costs more modest than a tower with a pool.

Jatin’s honest take on The Bread Company Condos

The Bread Company Condos — frequently asked questions

Looking at Queen West, Trinity-Bellwoods, Kensington and Little Italy more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.