Yorkville, Toronto is one of the swankiest neighborhoods in the city. Before we talk about new condos in Yorkville it would be best to mention that Yorkville is home to one of Canada’s most unique and high scale shopping areas. Which includes the mink mile that travels along Bloor Street. This section of Bloor Street is considered to be the 22nd most expensive Street in the world. Rent in the area is roughly $210 per square foot. back before the financial crisis of 2008 The Mink mile rents closer to $300 per square foot which made it the seventh most expensive streets according to Forbes Magazine. It wasn’t uncommon for tenants to see a return of 1500 to $4,000 for every square foot rented. As you can see Yorkville is in fact very exclusive and very desirable. along the area in the past few years condo developments have been springing up. like their commercial real estate Brothers, residential real estate especially condos are in high demand.
Over the coming years to meet that demand there will be a great deal of new condo developments springing up in the area. These condo developments will not be your average high rise condos as stated above the area demands that everything built will be ultra-luxury to meet the clientele of the area. of course that means but the majority of the new condos in Yorkville will be on the more expensive scale relative to the rest of Toronto.
Most of the condos in the area start north of $1,000,000 and others vastly exceed that figure. Some of the existing condos in that area that are worth mentioning are Renaissance Plaza, 10 Bellaire, Windsor Arms Hotel, Hazelton Hotel & residence, the prince Arthur and the Hazelton Lanes. at the bottom of this article there will be a list of new condos that will be coming soon to Yorkville.
The area of Yorkville is situated just north of Bloor Street sandwiched between Davenport Road to the north, Avenue Road to the West and on the east side Young Street. within the vicinity is the University of Toronto campus. There are plenty of business opportunities in the area as some of the notable companies within Yorkdale are Canada Post, IBM Canada, Paramount Pictures, 20th Century Fox film Corporation, MTV Canada headquarters and the retail Council of Canada.
Along with businesses in the area there’s a great deal of art galleries, 17 to be exact. Gallery one, Ingram gallery, Kinsman Robinson gallery, Gallery Gevik, Drabinsky Gallery, Mira Godard Gallery.
Although the area does not have the best access to any of the major highways since it’s located in midtown. A fifteen to twenty minute drive to either Gardiner ExpressWay or Don Valley Parkway. The area does have great access to the TTC subway system. To get to Union station is a relatively quick ten minutes. So you get to any end of the city from your new Yorkdale condo really quick. If you’re planning on visiting neighbouring cities Union station is also home to GO transit.
But you do not have to go far for some great food and entertainment. The Royal Ontario museum is a 5 minute walk depending on your exact location in Yorkville. The ROM does have an event called Friday Nights – visitors can enjoy a variety of live performances and artists.