Warehouse Lofts at Mystic Pointe, 300 Manitoba St: Low-Rise Loft Living

Warehouse Lofts at Mystic Pointe is one of the few genuinely low-rise condo options between The Queensway and the lake: four storeys, 82 suites and a loft-style look in a pocket now dominated by towers. It suits a specific buyer, and it asks you to do a bit more homework than a newer building. I’m Jatin Dua, RE/MAX Quantum Realty.

A small building in a tower neighbourhood

With 82 suites over four storeys, this is a building where you will know your neighbours by name. In a part of Etobicoke where the newer stock is 30- and 40-storey towers, that scale is the main reason people seek it out: short elevator waits, a small board, and a lobby that feels residential rather than hotel-like.

It sits within Mystic Pointe, a planned community along Manitoba Street that includes other low- and mid-rise loft-branded buildings, such as the larger Warehouse Lofts building at 250 Manitoba and the Skylofts at 200 Manitoba. Each is its own corporation, so the fee, the reserve fund and the rules here are specific to 300 Manitoba.

The architect and original builder are not recorded in the sources I used, and I could not confirm whether the building is a conversion of an older structure or a new build in a loft style. Given the 1998 registration and its place in a planned community, I would treat it as a purpose-built loft-style building unless the status certificate or the declaration says otherwise. Ask before you assume anything about the structure.

Suites and the loft question

Suites run from about 535 to 1,129 sq ft, from compact one-bedrooms to larger two-bedrooms, and the building includes penthouse-level suites on the top floor. The loft branding usually signals higher ceilings and more open plans than a standard 1990s condo, but layouts vary, so check the ceiling height and window size in the specific suite rather than relying on the name.

On a four-storey building, the floor matters more than it does in a tower. Ground-level suites trade privacy for easy access, while top-floor suites get the best light and are closest to the rooftop deck. If you work from home, ask about sound transfer between floors, which is something older low-rise buildings handle very differently from one another.

What is changing just to the south

The biggest factor for this building over the next decade is the former Christie’s cookie plant at 2150 Lake Shore Boulevard West, a short distance south, on the other side of the Gardiner. First Capital and its partners plan to turn the 28-acre site into a mixed-use community, and the City approved the planning framework in 2021.

The concept calls for fifteen towers between 28 and 70 storeys, about 1.25 hectares of new parkland, two daycares, a community recreation centre, a library and a new Park Lawn GO station with a streetcar loop. For a low-rise building nearby, that means better transit and services over time, along with years of construction and much taller neighbours.

The City’s Park Lawn Lake Shore Transportation Master Plan is running alongside it to add new street connections and transit capacity. If you buy here, you are buying into that change, for better and for worse. Transit and walkability details are in the data panel.

Daily life on Manitoba Street

Manitoba Street sits between The Queensway and Lake Shore, so you are close to the everyday retail along both corridors without living on either. The lake, Humber Bay Park and the Martin Goodman Trail are reachable south of Lake Shore, and the Gardiner is close for drivers.

The warehouse name nods to the area’s past. The land south of The Queensway between the Humber River and Mimico Creek turned industrial in the last century, with the Ontario Food Terminal to the north and the Christie’s factory to the south, and much of that land has since been redeveloped for housing. Mystic Pointe, built in the late 1990s, was part of that change, and the Christie’s lands are the next chapter of the same story.

The setting is quieter than the Humber Bay Shores towers, which is the appeal. You give up the lakefront address and the large amenity floors of the newer buildings in exchange for a smaller community and a lower-key street.

Fees, inclusions and what is listed

There is no reliable building-wide price-per-foot average in the data I have, so I would price any suite here from recent closed sales of similar size, shown in the data panel above, rather than from asking prices.

The fee includes common elements, air conditioning, water, insurance and parking. Heat is not on the inclusion list, so confirm how the suite is heated and what owners typically pay, since that changes the true monthly cost. Fees on the two current listings run from about $910 to $1,130 a month, which for a 900-plus sq ft suite works out to roughly $0.95 to $1.00 per square foot. That is high for a low-rise building, and it is the first thing I would ask the reserve fund study to explain.

Only two suites are listed for sale right now and none for rent, which is typical for a building this small. The two asks run from $599,000 to $1.25 million, which tells you how differently a standard one-bedroom and a larger two-bedroom are valued here.

Building specifications

Amenities at Warehouse Lofts at Mystic Pointe

For an 82-suite building the amenity list is decent: a rooftop deck, a party room, a meeting room and a sauna, with a security presence and underground parking. It is not a resort package, but you are sharing it with far fewer people.

Jatin’s honest take on Warehouse Lofts at Mystic Pointe

Warehouse Lofts at Mystic Pointe — frequently asked questions

Looking at Humber Bay Shores, Mimico, the Queensway and central Etobicoke more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.