Toronto real estate has a lot of dramatic glow-ups, but this one feels like it deserves its own design magazine spread. A sprawling hard loft inside the historic Foundry Lofts in the Junction has just hit the market for $2,998,000 , and the space has undergone such a striking transformation that it barely resembles the version we featured a few years ago . The loft last sold in 2021 for $1.4 million , when it already had the bones that hard-loft lovers dream about — exposed brick, soaring ceilings, and massive industrial windows. A view of the dining room from the second floor. But since then, the unit has been completely reimagined by PHAEDRUS Studio , turning it into something that feels less like a condo and more like a multi-level architectural showcase. A cozy nook on the third floor with custom built-ins. And with 2,757 square feet spread across four dramatic levels, there's plenty of room to show off. Exposed brick adds character to the space. The main level opens with an open kitchen and dining area framed by exposed brick and towering two-storey windows that pour natural light into the space. The kitchen. The kitchen is unapologetically high-end, with Fisher & Paykel appliances, Taj Mahal quartz countertops, and a sculptural Audo Copenhagen chandelier hovering above the dining table. The staircase and the elevator. From here, the home's most eye-catching design feature begins its ascent: a sculptural spiral staircase with integrated lighting that winds upward through the loft. If you'd rather skip the cardio, there's also a private three-level elevator connecting the floors. The family room. The second level floats above the kitchen and functions as a flexible family or media room, complete with an office nook overlooking the space below. One of four bathrooms. With a full bathroom on the same floor, it can easily double as a guest suite or an additional bedroom when needed. A view of the great room. But the real showstopper arrives one level up. The steam fireplace anchors the great room. The third-floor great room feels almost cathedral-like thanks to a soaring 29-foot ceiling and towering industrial-style windows that flood the space with daylight. Exposed brick and soaring ceilings in the great room. A floor-to-ceiling custom steam fireplace anchors the room, while a New Works chandelier, exposed brick walls, herringbone floors, and a sleek wet bar add layers of texture and drama. The primary ensuite. The primary bedroom continues the theme of quiet luxury with vaulted ceilings, custom built-ins, and a spa-like five-piece ensuite. A bedroom. A second bedroom and additional bathrooms round out the home. The office loft. On the fourth floor, there's a glass-railed office loft that looks down over the dramatic great room below. The family room. Even by hard-loft standards, the scale here is unique. A view up to the office loft from the great room. The unit also comes with two underground parking spaces and a storage locker. The primary bedroom. Still, the biggest talking point might be the price drop. The sleek kitchen. After selling for $1.4 million in 2021, the loft first returned to the market asking $3,580,000 before dropping to its current $2,998,000 price tag — a notable shift that definitely reflects the reality of Toronto's floundering condo market . Outside of the Foundry Lofts. Either way, one thing is certain: this isn't your typical Toronto condo. It's a four-storey industrial loft that looks like it walked straight out of a design magazine — and for the right buyer with $3 million to spare, it could be home.