iLofts and Skylofts II: The Mimico “Lofts” That Were Never Warehouses

By Jatin Dua · 23 August 2026 · 9 min read

Why the word does so much work here

A hard loft is a former industrial or commercial building converted to residential. The exposed brick, the timber, the concrete, the fourteen-foot ceilings and the enormous windows are original — they are what the building already was. A soft loft is a purpose-built condominium designed to evoke that.

The distinction is not taste. It changes real things:

• Construction and sound. Converted industrial floor plates behave differently from modern concrete-and-drywall. Neither is automatically quieter; they are differently noisy, and buyers who have lived in one are often surprised by the other.
• Windows and heating. Original industrial glazing and retrofitted mechanical systems are a different maintenance and utility proposition from a 2011 building envelope.
• How it ages. A hundred-year-old shell and a fifteen-year-old one have different reserve fund futures.
• Resale. This is the blunt one. A buyer who specifically wants a hard loft will not settle for a soft one. If you bought a soft loft believing it was a conversion, you will meet that fact again when you sell.

Which is why I care that the listings blur it. All three buildings have tall ceilings. All three share a developer lineage. Two of them are not conversions, and I could not find a single source that says otherwise.

iLofts — 155 Legion Road North

Registered as TSCC 2153 on 10 May 2011. Twenty-seven floors, 254 units, developed by Camrost Felcorp. Three independent sources agree on the floor and unit counts, which is rarer than it sounds in this neighbourhood.

On the conversion question: every source describes new construction completed in 2011, and one building database explicitly categorises it as a soft loft building. Soft loft is a new-build designation. The seventeen-foot ceilings that feed the conversion impression are a design decision, not an inherited feature of an old factory.

Published fee inclusions, on which two sources agree, are common element maintenance, heat and water. I could not verify a fee rate per square foot from any source. One database publishes an average of $716 per square foot — but that is a current asking-price level with no sales count attached, which is not a value, not a trend, and not something to negotiate against.

Property management: one source names a management company; the other leaves the field blank. On a single uncorroborated source I am not publishing a manager name for this building. Management contracts change and stale listing data is worse than no data.

Mystic Pointe Skylofts II — 200 Manitoba Street

This building has the best-evidenced corporation number of anything I have researched in Mimico, because the evidence is not a listing site — it is the property manager’s own resident welcome package, a PDF that states the corporation in plain terms: Standard Condominium Corporation No. 1437, referred to throughout as TSCC 1437. Two building databases agree.

Registered 14 March 2002. Six floors, 206 units, developed by Camrost-Felcorp. Four sources agree on the floor and unit counts. Published fee inclusions are common element, heat, building insurance, water and parking. As with iLofts, no fee rate per square foot was verifiable, and the published price per square foot is an asking level with no sales behind it.

Property management at Skylofts II is a three-way conflict: two databases name one firm, a different firm claims the building on its own website, and the welcome package carrying the first firm’s contact address is hosted on the second firm’s site. The most likely explanation is a management transition with a legacy document still in circulation, but I could not confirm the current manager or the effective date. Call the building.

The one that actually is a conversion — 250 Manitoba Street

The Warehouse Lofts at 250 Manitoba Street is the real thing. Converted in 1999 by Camrost-Felcorp from the former L.J. McGuinness distillery warehouse, 151 units across eight floors, a large share of them two-storey units with seventeen-foot ceilings.

So the history that everyone in Mystic Pointe borrows belongs to one building on the site. I have written that building up separately — it deserves its own page, and the fact that it earns its name is most of why.

Walking times, measured

Routed on 23 August 2026 on the OpenStreetMap pedestrian network using the OSRM walking profile, at roughly 4.5 kilometres an hour. Not marketing figures.

Two honest observations. First, Mimico GO is genuinely walkable from both, at roughly twenty minutes — which is a real advantage over the Lake Shore towers further east, where I measured 37 to 41 minutes to the same station. Second, Royal York subway station is not walkable from either. Fifty-five to fifty-seven minutes is an hour on foot. If you see that station listed as an amenity for a Mystic Pointe address, that is the correction.

Two destination points are given for Mimico GO because the station’s civic address at 23 Judson Street does not geocode to a building; the station node column is the better single figure and the Judson column is a conservative upper bound. Neither is entrance-precise. I was not able to measure walking times to the nearest surface transit stop for these buildings — the OpenStreetMap service that returns stop coordinates was unavailable while I was working, and I will not route to a point I guessed at. That measurement is missing rather than estimated.

What I could not verify, and am not publishing

Setting this out explicitly, because the gaps are as useful as the facts:

• Maintenance fee rate per square foot for either building. Not published by any source I could reach.
• Any twelve-month value change for either building. The per-square-foot figures that circulate are current asking levels with no sales count. A price level is not a trend.
• The current property manager at either building — single-sourced at iLofts, three-way conflict at Skylofts II.
• Fee inclusion lists as reliable. The lists above are what the databases publish. Whether they are current for the corporation is a question only the status certificate answers — the corporation must provide it within 10 days of a written request, for a fee capped at $100 including HST under Ontario’s Condominium Act.

Frequently asked questions

Sources

• condos.ca — iLofts, 155 Legion Rd N. Corporation number, registration date of 10 May 2011, storeys, unit count and the published fee inclusion list. Accessed 23 August 2026.
• Mr. Loft — iLofts. Developer, property management, and the description of the building as a soft loft rather than a conversion. Accessed 23 August 2026.
• Mystic Pointe Skylofts II resident welcome package (PDF). The property manager’s own document naming the corporation as Standard Condominium Corporation No. 1437 and stating that five corporations share the exterior common elements. Accessed 23 August 2026.
• condos.ca — Mystic Pointe Skylofts 2, 200 Manitoba St. Registration date of 14 March 2002, storeys, unit count and fee inclusion list. Accessed 23 August 2026.
• Etobicoke Condominiums — 250 Manitoba Street, Warehouse Lofts. The documented 1999 conversion of the former L.J. McGuinness distillery warehouse, and the unit and floor counts for that building. Accessed 23 August 2026.
• OSRM foot routing on the OpenStreetMap network. The routing engine and walking profile used for every distance and duration here, measured 23 August 2026. Accessed 23 August 2026.
• Ontario Condominium Act, 1998 — status certificates. The ten-day deadline and the $100 fee cap for a status certificate. Accessed 23 August 2026.

Related reading

• Living at the Warehouse Lofts, Mystic Pointe
• Older versus new condos in Humber Bay Shores
• Mimico versus New Toronto
• M8V real estate guide: Mimico, New Toronto and Long Branch
• Newport Beach, Lakeside Place, Grenadier Landing and Hearthstone by the Bay