The Lowdown on Yorkville

Your Typical Neighbour

Young, moneyed singles or starter families looking for their first purchase. Accomplished child-less professionals. Empty nesters looking to downsize from their large suburban homes. Also potentially a star athlete or celebrity.

What We

You can people watch from the patio over an amazing (expensive) meal at One, or head to ZaZa for an espresso and more of the same. And where else in the city can you find a park with a billion year old rock in it?

What We Don't

Space is at a premium here, and affordable condo units are small. Parking is a challenge and expensive...just be careful not to scratch the Lotus parked next to you.

There’s good news on the real estate front in Yorkville. You don’t HAVE to spend north of a million to make this neighbourhood your home. A number of new condo buildings have found homes in the area and are providing first time buyers (okay, the higher end of first time buyers) with an opportunity to settle here. The not so good news is that you’re going to sacrifice space in order to do so. At writing, a compact one bedroom was the least expensive listing on the market at about $409k.

If you’re looking for something a little more spacious, you can find that too. There’s a giant 3+1 bedroom listed for just shy of $16 Million - complete with four parking spaces and a private elevator. Double-check your cash flow though before making an appointment to view it. The monthly condo fees could buy the average person a car. Yowza!

The point we’re trying to make here is that this neighbourhood has real diversity within its Avenue, Davenport, Yonge and Bloor St borders. The retail and people watching opportunities make it a popular place for tourists of every socio-economic demographic, and people who live here and get used to the lifestyle don’t often leave it. Homes here are well kept, and the late 1880’s built Victorian houses have been maintained with a pride of ownership (and the obvious resources to do so) that is clearly evident. This is NOT an inexpensive place to buy, but the conveniences and lifestyle make it easily justifiable for the wide variety of buyers who look here.

HOUSE STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $1,490,000 $1,935,714 $1,994,500 $2,617,667 $3,747,720
PRICE: Low-High $840,000-$2,250,000 $750,000-$3,050,000 $980,000-$3,100,000 $1,105,000-$5,750,000 $2,088,600-$6,300,000
AVERAGE DAYS ON MARKET 21 32 42 17 19
# OF SALES 5 7 4 12 5

CONDO STATS

2013 2014 2015 2016 2017
AVERAGE PRICE $1,165,235 $1,160,896 $1,420,037 $1,362,024 $1,368,193
PRICE: Low-High $370,000-$5,500,000 $405,000-$4,425,000 $360,000-$10,400,000 $15,000-$5,235,536 $402,000-$7,000,000
AVERAGE DAYS ON MARKET 62 47 48 41 33
# OF SALES 51 60 66 90 88

Area: 3km

Population: 29,180

Demographics

Kids: 8%

Youth: 13%

Seniors: 16%

Visible Minority: 20.6%

Average Family Income: $203,150

Education

Lower Education: 15%

Higher Education: 31.4%

Home Ownership

Owned Homes: 36%

Tenanted Homes: 64%

Private schools outnumber the public and separate locally, but there are options.

ELEMENTARY SCHOOLS

Jesse Ketchum Public School Jr. and Sr. School

SENIOR SCHOOLS

Jesse Ketchum Public School Jr. and Sr. School

Public transit is right outside your door with easy access to the subway line. A perfect 100 Walk Score indicates amazing pedestrian convenience. Access to the DVP isn’t too far away via Bloor or the Bayview Extension.

About Yorkville

Yorkville is bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east, and Avenue Road to the west. It is also bounded by Burberry, Prada, Gucci, Hugo Boss, Vera Wang, Kate Spade, Swarovski, Birks, Coach, Betsey Johnson, Hermes, Tiffany & Co; and Chanel. Sorry (not sorry) to all of you shopaholics out there!

Not a neighbourhood that is easy on your wallet, it is most-definitely an area of Toronto that is easy on the eyes!

Comprised of a mix of residential and commercial buildings, the Yorkville we see today is owed to it’s bohemian roots. It is most notably the breeding ground for Canadian talents including: Joni Mitchell, Neil Young, Gordon Lightfoot, Margaret Atwood, and Dennis Lee. Yorkville was considered a pivotal nexus in Canada’s hippie movement. Ironically, its popularity with hippies and artists led to the area once being described as “a festering sore in the middle of the city”, and many calling for it to be bulldozed and removed.

No longer the case, international visitors, and ‘Torontonians’, appreciate Yorkville as one of the city’s most photogenic neighbourhoods. Today, it is home to some of the most beautiful restaurants, bars, nightclubs, clothing stores, cafes, and shopping that Toronto has to offer. It is also the stomping grounds for world-class hotels such as Four Seasons, the Park Hyatt, the Hazleton Hotel, and the Windsor Arms. As a result, Yorkville is where the well-heeled flock for spa treatments, business lunches, functions, weekend getaways, date nights, and shopping trips.

Given the abundant luxury and convenience of this neighbourhood, condominiums in the Yorkville area (and homes in the nearby Annex) come with a heavy price tag. But once you move into the area, it seems that the heavy price tag is the only thing you will have to lift. The walkability, lifestyle, and convenience of living in the centre of the city – combined with the beauty of the neighbourhood – makes for an everyday lifestyle that is worth every penny.


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