45 Spencer Street — Parkdale Lofts
Hintonburg · Ottawa · Parkdale Market Lofts · Condo Est. 2005

45 Spencer Street - Parkdale Lofts

35Sales on record
$685KPeak sold price
2006–2024Sales history
45 Spencer Street · Ottawa, Ontario Last Updated: March 17th, 2026
The Building

Award-winning lofts in the heart of the Quad

45 Spencer Street is a Heritage Award-winning hard loft conversion, completed in 2005 by KRP Development Group in the heart of Ottawa's Arts and Theatre District — locally known as "The Quad." Originally a 1930s factory building, the conversion preserved the building's industrial character while creating 17 unique loft suites across three floors, featuring 12-foot exposed concrete ceilings, exposed ductwork, industrial rolling doors, reclaimed hardwood, and oversized windows. 45 Spencer shares amenities and management with the adjacent soft loft at 320 Parkdale Avenue under the Parkdale Market Lofts community.

Built
1930s
Condo Conversion
2005
Neighbourhood
Hintonburg
Building Type
Hard Loft
Total Units
57 (combined with 320 Parkdale)
Project Name
Parkdale Lofts
Developer
KRP Development Group
Ottawa-based developer responsible for the award-winning conversion of 45 Spencer and the construction of the companion soft loft at 320 Parkdale Avenue, completed together as the Parkdale Market Lofts community.
Architect
Architect records for the conversion are not publicly available.
Recognition
2006 Best Architectural Conservation Award
Winner of the 2006 Best Architectural Conservation Award — recognising the building's exemplary preservation of industrial heritage in a residential conversion.
Building History

From factory floor to award-winning lofts

A 1930s industrial building transformed into one of Hintonburg's most celebrated residential addresses — preserving the raw character of the original factory while creating a benchmark for heritage-sensitive loft conversion.

1930s
Industrial FactoryThe building is constructed as a factory in Hintonburg, then an active working-class industrial neighbourhood adjacent to the railway corridor and Parkdale Market.
2005
Parkdale Market Lofts — KRP Development GroupKRP Development Group completes the conversion of 45 Spencer into 42 unique hard loft suites, simultaneously constructing the companion soft loft at 320 Parkdale Avenue. The two buildings share amenities including two rooftop patios with BBQs, a fully equipped gym, sauna, and party room.
2006
Best Architectural Conservation AwardThe Parkdale Market Lofts project wins the 2006 Best Architectural Conservation Award, recognising its exceptional preservation of industrial heritage character in the conversion.
$685KPeak sold price
99%Avg list-to-sold ratio
35dAvg days on market
2.2×Price growth since 2006
Market Data

Pricing & condo fee history

Nearly two decades of sales data at one of Hintonburg's most sought-after addresses — with notable over-ask sales in 2020–2022 reflecting strong demand for authentic hard loft living.

Average sold price by year
All recorded transactions · 2006–2024
Monthly condo fee trend
Recorded fees by transaction year
Transaction Record

Recent sales

UnitSoldList PriceSold PriceLP/SPBedBathCondo FeeTaxes/yrDOM
#203Oct 2024$649,900$615,00094.6%32$883/mo$4,724111Sold
#307Aug 2023$499,900$490,00098.0%11$716/mo$4,11714Sold
#302Nov 2022$609,000$604,50099.3%32$826/mo$4,70111Sold
#206Oct 2022$569,900$550,00096.5%21$733/mo$4,23244Sold
#203Apr 2022$649,000$685,100105.6%32$827/mo$4,5816Sold
#306Oct 2021$569,000$600,000105.4%21$687/mo$4,1235Sold
#204Aug 2020$450,000$551,000122.4%22$653/mo$3,8546Sold
#302Mar 2019$429,900$425,00098.9%22$742/mo$4,36021Sold
The Neighbourhood

Hintonburg, Ottawa

Spencer Street sits steps from the heart of Hintonburg's arts and dining scene — Ottawa's most creative neighbourhood, anchored by Parkdale Market and Wellington Street West.

Parkdale Market
Ottawa's beloved farmers market is directly adjacent — fresh produce, local vendors, year-round.
Wellington Street West
The heart of Hintonburg's restaurant and gallery scene — Carben, Hintonburg Public House, Absinthe, and more.
Tunney's Pasture LRT
Confederation Line O-Train station a 5-minute walk away for direct downtown access.
Ottawa River Pathway
220+ km of NCC cycling and walking paths along the Ottawa River accessible from the neighbourhood.

All data sourced from MLS® historical records. Building history sourced from publicly available records. Information is provided for reference purposes only and does not constitute a representation or warranty. Condo fees, taxes, and prices are subject to change. Prospective buyers should conduct independent due diligence.