MDMoh DianMohammad Hassan Mohammadian · Realtor®

iLofts condominium tower at 155 Legion Road North in Mimico

Mimico / Mystic Pointe building intelligence · September 2026

iLofts’ raw median fell—but 2026 also brought a much larger loft mix.

The matched-period evidence at 155 Legion shows weaker total prices, sharply more loft / multi-level turnover, and one repeated 1-bedroom exact-area screen that is essentially flat on price per square foot.

By Moh Dian · 17 matched-period sold REALM records audited

5 sales in 202512 in 2026TSCC 2153

One tower, very different homes

Should a two-storey loft and a single-level condo share the same iLofts price benchmark?

Imagine two people touring iLofts at 155 Legion. One values a dramatic two-storey loft with stairs and open space; the other wants a level, practical one-bedroom that is easy to furnish. The 2026 historical sample sold many more multi-level lofts than the 2025 sample. So when the mixed median moved from $610,000 to $492,500, that was not a reliable price change for either of their preferred layouts. These are illustrative buyer choices, not actual current listings.

For a buyer comparing layouts

Start with how you will actually use the space.

In the historical cohort, loft and multi-level sales increased from one in 2025 to six in 2026. Matching single-level bedrooms and reported area produced a different screen than the building-wide median, and one repeated exact-area one-bedroom check was roughly flat on price per square foot.

Next check: Visit the actual loft staircase and usable headroom or test the single-level floor plan. Compare the correct suite form, current TSCC 2153 common expenses, parking, locker rights and true same-product sale prices.

Check the full condo ownership decision →

For an iLofts owner or seller

A 19.3% lower mixed median is not a blanket discount.

The raw historical median was about 19.3% lower, but the repeated single-level bedroom-and-size comparison was roughly 12.9% lower and the best exact-area one-bedroom pair was essentially unchanged per square foot. The 2025 exact-area coverage was only two of five sales.

Next check: Price a two-storey loft against true loft comparables and a conventional condo against similar single-level apartments. Check floor, ceiling, exposure, renovations, fee inclusions and contemporary competition.

Prepare and price the actual property →

Three things to decide before using the historical medians

Is this a true loft or multi-level suite, or a conventional single-level apartment?
Do the comparable properties match the exact usable and recorded area, layout, stair design, view and renovation quality?
Are you using up-to-date TSCC 2153 corporation fees and documents rather than assuming shared recreation spaces with California Condos mean shared finances?

The original 2025 and 2026 matched REALM cohorts include five and twelve sales with a major 2026 loft-versus-apartment mix shift. Only two 2025 full sheets included usable exact finished area. These historical screens do not price any current unit, determine future demand, or establish an identical-property depreciation rate.

Matched-period snapshot

The direction is softer—but product form matters.

Broad pricing falls, yet 2026 has six loft / multi-level sales versus only one in 2025. The cleaner single-level repeated cells still show weaker total prices, while the best exact-area 1BR check is nearly flat.

5 → 12All matched-period sales

$610K → $492.5KBroad raw median · about −19.3%

1 → 6Loft / multi-level sales

−12.9%Matched single-level sold-price estimate

~−0.1%Repeated 1BR exact-area $/ft² sensitivity

2/5 → 12/12Exact-area coverage

The exact-area result is available only for one repeated 1-bedroom cell because most 2025 broker sheets do not report exact finished area. Missing area was not imputed.

Product-form shift

Half of the 2026 sample is loft / multi-level product.

2025

4 single-level sales + 1 loft / multi-level sale.

2026

6 single-level sales + 6 loft / multi-level sales.

Single-level median

$567.5K → $446.25K.

Loft / multi-level median

$742.5K → $585K, but there is no repeated size cell across years.

A building-wide median cannot distinguish a smaller apartment from a two-storey loft. That separation has to happen before interpreting the trend.

Repeated single-level evidence

Two repeated size cells point to lower total prices.

The primary match is bedroom count × reported size band inside the single-level subset.

1BR · 600–699$523.5K → $480K

Sales: 2 → 3
Total-price change: −8.3%
Usable 2025 exact area: 699 ft² · 1/2 sales
2026 exact areas: 655 · 640 · 640 ft²

2BR · 700–799$622.5K → $490K

Sales: 2 → 1
Total-price change: −21.3%
2025 exact area: Unavailable
2026 exact area: 735 ft²

Combined screen~−12.9%

Matched weight: 3
2025 single-level coverage: 75%
2026 single-level coverage: 50%
Interpretation: Directional, not a precise appreciation rate

Exact-area reconciliation

The repeated 1-bedroom cell looks very different once exact size is visible.

The 2026 units are materially smaller than the one 2025 sale with usable exact area.

~$751 → ~$750/ft²Repeated 1BR exact-area sensitivity

699 ft²Usable 2025 exact area

640–655 ft²2026 exact-area range

~−0.1%Exact-area $/ft² change

This does not erase the weaker total-price result. It shows that part of the 1-bedroom decline comes from smaller 2026 suites inside the same 600–699 reported band.

Liquidity & carrying cost

The building became busier, while the mix of slow sales also increased.

Broad median DOM moves only modestly, but four of twelve 2026 sales took more than 60 days.

22 → 30.5 daysBroad median DOM

3/5 → 6/12Sold within 30 days

1/5 → 4/12Sales over 60 days

~$1.04 → ~$1.18Observed maintenance / exact ft² / month

The maintenance-intensity comparison is also coverage-sensitive because exact area is available for only 2 of 5 sales in 2025 versus all 12 in 2026.

Building identity

iLofts is TSCC 2153—and shares recreation amenities with California Condos.

Public building references identify Camrost Felcorp, registration in 2011, 27 floors and 254 units. iLofts residents share the Camrost Centre recreational amenity complex with California Condos at 165 Legion, but the two buildings remain separate corporations and should be analyzed separately.

155 LegioniLofts

TSCC 2153Corporation

27 floorsPublic building reference

254 unitsPublic building reference

Verified listing context

iLofts spans conventional apartment layouts and true two-storey loft product.

These images come from verified matched-period iLofts sales and show why product form needs its own control.

Two-storey loft interior at iLofts, 155 Legion Road North — Verified two-storey iLofts interior

Representative single-level iLofts condominium interior — Representative verified single-level interior

Lake and skyline view from an iLofts condominium — Representative lake / skyline view context

Preserved REALM listing photography from verified matched-period iLofts sales; original brokerage watermarks retained.

Rooftop garden amenity area at iLofts and the Camrost Centre complex

Shared amenity context

California next door shares amenities—not resale evidence.

Public references describe a shared recreational complex with California Condos, including outdoor pool, fitness, rooftop terrace, squash, sauna / whirlpool and guest-suite facilities. For valuation, status certificate, fee structure and transaction evidence still need to stay corporation-specific.

Backyard Neighbourhood →The Tides →California Condos →Beyond the Sea →Westlake Village →Humber Bay Shores guide →Building directory →

Unit-level due diligence

How I would compare an iLofts unit.

1. Separate single-level from loft / multi-level product. The 2026 turnover mix makes this essential.

2. Match bedroom count, reported band and exact finished area. The repeated 1BR cell changes interpretation once exact size is visible.

3. Compare floor, exposure, balcony configuration and view. High-floor lake / skyline orientation can create large spread.

4. Verify parking, locker and renovation level. These differ materially across the matched sample.

5. Keep California Condos as a nearby reference, not a same-corporation comp. Shared amenities do not make the transaction pools interchangeable.

Methodology

How the iLofts analysis was built.

1. Exact-address pull. REALM was queried for all sold residential condominium product at exactly 155 Legion Rd N in matching Jan. 1-Sep. 20 windows.

2. Product-form control. Apartment / 1 Storey-Apt records are analyzed as single-level; Loft / Multi-Level / 2-Storey records are tracked separately rather than discarded.

3. Corporation reconciliation. Public and majority broker-sheet evidence identify TSCC 2153. Isolated TSCC 2156 / malformed 80 / 2153 / TSCP entries are preserved as raw data but normalized to 2153 for the exact-address analysis.

4. Repeated-product match. Single-level bedroom × reported-size cells produce two repeated strata: 1BR / 600–699 and 2BR / 700–799.

5. Exact-area check. Exact area is usable for only 2 of 5 sales in 2025 versus all 12 in 2026. No missing area is imputed.

6. Interpretation. Total-price evidence is weaker, but the repeated 1BR exact-area screen is nearly flat, showing why total price and $/ft² should not be conflated.

Sources & verification

REALM transaction evidence first; public sources for building identity and shared-amenity context.

Condos.ca — iLofts / TSCC 2153↗Etobicoke Condominiums — iLofts / shared California amenities↗

FAQ

Questions buyers and owners ask about iLofts.

What does this iLofts guide cover?

The analysis covers sold residential condo records at exactly 155 Legion Rd N in matching Jan. 1-Sep. 20 windows for 2025 and 2026. Single-level suites and loft / multi-level product are separated analytically because both are genuine iLofts product.

Did iLofts prices fall about 19% in 2026?

The broad raw median moved from $610,000 to $492,500, about 19.3% lower, but 2026 contains much more loft and multi-level turnover and a heavier one-bedroom mix. The raw median is therefore descriptive rather than a clean building appreciation rate.

What did the matched single-level comparison show?

Across repeated single-level bedroom and size-band cells, the combined sold-price estimate is about -12.9%. The repeated 1-bedroom / 600-699 sq. ft. cell moved from a $523,500 median to $480,000, while the 2-bedroom / 700-799 cell moved from $622,500 to $490,000.

Why is the exact-area result different for the repeated 1-bedroom cell?

Only one 2025 sale in that 1-bedroom band has usable exact area, at 699 sq. ft. The three 2026 exact areas are 655, 640 and 640 sq. ft. Total price is lower partly because the 2026 units are smaller. The usable exact-area comparison is about $751 versus $750 per sq. ft., essentially flat.

How much did loft / multi-level turnover change?

The locked sample contains one loft / multi-level sale in 2025 and six in 2026. That product-form shift is one reason the building-wide raw median cannot be read as a simple same-product trend.

Does iLofts share amenities with California Condos?

Public building references state that iLofts residents share the Camrost Centre recreational amenity complex with California Condos at 165 Legion. The buildings remain separate corporations, so resale and status-certificate analysis should still be building-specific.

Did every iLofts condo lose around 19% in 2026?

No. The mixed 2025–2026 median was about 19.3% lower, but the mix of loft and multi-level units changed sharply. A matched one-level comparison was about 12.9% lower while a thin one-bedroom exact-area check was nearly flat per square foot. Compare true lofts with lofts and single-level condos with comparable single-level units, and verify current TSCC 2153 fees and documents.

Unit-level iLofts analysis

Comparing a condo at 155 Legion Rd N?

Send me the listing or unit number. I can narrow the evidence to the correct product form, exact area, bedroom count, floor, exposure, view, parking, locker, renovation and current corporation documents.