Yorkville, incorporated in 1853, was the first neighbourhood to be annexed by the city of Toronto. Officially part of the Annex neighbourhood, Yorkville is bordered by Yonge Street and Avenue Road on the east and west and Bloor Street and Davenport Road to the south and north. Formerly a hot-spot for hippies, the trendy neighbourhood now features brand-name boutiques, elegant hotels, classy condos and impressive commercial towers. Yorkville is synonymous with class and style and is extremely accessible. Yorkville is located near main transportation hubs including the Yonge-Bloor subway line and a five minute drive to the Don Valley Parkway. Even strolling along the sidewalks in Yorkville leave you feeling affluent as you take in beautiful gardens, modern lighting and outdoor art.
It’s no surprise that with all the luxe and glamour of Yorkville it is one of the hottest places to live in the city. Due to the neighbourhood’s status, condos in Yorkville tend to be more pricey compared to the rest of the city but you’re buying location convenience and style when choosing a condominium in Yorkville. For example, the new Four Seasons Hotel and Private Residences, sure to be one of the trendiest addresses to live at, sold its penthouse for 28-million dollars - approximately $3,000 per square foot. The building, set to be occupied summer 2012, has other suites costing between $1,400 and $2,000. With a moderate density and buildings between 20 to 45 storeys, purchasing a condo in Yorkville means living the lap of luxury. This neighbourhood is ideal for singles, as 40 per cent of residents find themselves unattached, compared to an average rate 32 per cent for the rest of the city. In terms of pricing, you can expect a pre-construction Yorkville condominium to cost you approximately:
$450,000 for a one bedroom condominium.
$525,000 for a one bedroom plus den.
$939,000 for a two bedroom condo.
$1,530,000 for a two bedroom plus den.
$3,200,000 for a three bedroom + condominium.
A re-sale condominium in Yorkville will cost around:
$417,000 for a one bedroom condo.
$479,000 for a one bedroom plus den.
$790,000 for a one bedroom plus den.
$1,493,000 for a two bedroom plus den.
$2,594,000 for a three bedroom + condominium.
Though the majority of buyers and sellers own apartment condos there are townhouse condominiums available for purchase as well.
If you’re interested in viewing pre-construction condominiums in the Yorkville neighbourhood, buy from agent who has platinum or VIP access because they will have first offerings from the developer. This means an agent, like Nadine, with VIP or platinum access will have access to the lowest prices and discounts and special bonuses. To search for a pre-construction condominium in Yorkville click the links below: