Yes, the rumours are true. This old wonder that has brazenly stood at 20 Jerome Street near the Junction Triangle for 113 years is being demolished.
This is very interesting move because the property itself is a heritage property and has been listed as such since 1979. Last year it went on sale for around $1 million.
“The building is not structurally sound. If you sneeze too hard, it’s going to fall down,” said Councillor Gord Perks, in an interview with the Toronto Star.
My guess? Sweetheart deal with the #terracotta fabricator #thejunction#torontohttps://t.co/dSdp3dIOlapic.twitter.com/y7drkJPArP
— Bruce Campbell 🛋📐💻 (@nytherapy) April 3, 2018
New owners of the property apparently began construction last month and are now finally getting around to levelling the property.
Although some neighbours have been very vocal about their concerns over levelling this Toronto marvel, any concerns they raise — they have this week to do so — will not impact the demolition of the house.
On a small west-end Toronto street lined by cookie-cutter houses, there’s a neighbourhood jewel — or stone, rather: a historic terracotta home. But neighbours fear the new owners will tear it down. https://t.co/y5nrrGhDJq
— Vjosa Isai (@LaVjosa) April 11, 2018
The house, built by west-end Toronto builder J. Turner Sr. in 1905, is covered in weathered terracotta tiles. Turner Sr. used terracotta tiles because, at one point, they were super cheap and plentiful in Ontario.
The 1,700 square foot open concept loft was recently renovated and has a direct elevator. You no longer have to make awkward chit-chat with your neighbours! Ah, the dream!
As it’s a hard loft, the unit is full of character in the form of wood ceilings, an exposed brick wall, steel posts and exposed beams.
While the unit is advertised as open-concept, there is a weird wall with windows in the middle of the living and dining area. I’m kinda in to it as it makes the space seem like a house inside an apartment and helps break up what could be a cavernous room.
The bedroom is spacious and has a modern en suite bathroom. There is no bathtub though, so if you’re a fan of those you’re out of luck.
There is an odd layout design in which to access the closet you need to either go through the front hallway or through the bathroom. I could see this getting annoying, but it is a walk-in closet so it can’t be all bad.
As for outdoor space, there's a balcony — an absolute luxury when it comes to old factory buildings. It does look out onto a parking lot so… not the best view. 
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This two bedroom, two bathroom place is just under 1,000 square feet, so it’s pretty spacious.
Many of the walls and ceilings throughout the home are concrete, which is kind of a cool twist on your bog-standard plaster walls.
The place is pretty open-plan and the master bedroom looks over the living room. It looks really awesome, but it could become a nuisance if someone is banging about downstairs. Concrete walls and 18-foot ceilings mean sound will reverberate pretty loudly.
The kitchen is sleek and modern, as are the bathrooms.
And you do get some private outdoor space with a terrace that looks out onto the park. I can just picture how great this would be in the summer. The grass might just be greener here...
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