2727 Yonge Street, Toronto, Apartment No. 302, is a spacious 2 bedroom plus den condominium that measures 1,674 square feet by floor plan. The combined living and dining rooms are one open space and have entertained 30 comfortably, according to the current owner. Located on the quiet east side of the building, the balcony overlooks trees and gardens. It functions as an extra room in the summer.
"The Residences of Lawrence Park" has long been North Toronto's premier condominium address. It features underground parking (no more carrying your groceries through rain or snow) and attentive concierge service. You are steps away from transit and the best of Yonge Street shopping and dining. One owned parking spot and an owned locker are included in the price.
2727 Yonge Street, Toronto, Apartment No. 302 gives you the freedom of condominium living with the spaciousness of a house. Contact Peterfor more information or to book an appointment.
Most North Toronto Empty Nesters imagine selling the family house, buying a condominium apartment in their neighbourhood, and banking the difference. Once they start shopping, it often becomes clear that a condominium apartment with the features they are expecting is going to cost as much or more than the house they are living in.
Empty Nesters with a desire to move must choose between banking some money or being willing to afford what their wish list will cost. The former approach would entail deciding how much money is to be taken off the table and then making a decision based on funds available. If renting is an option, then all the money in the family house can be taken “off the table.” With the second approach, the Empty Nester shops for what he wants and buys when he finds it. The money in the family house then goes towards paying-for or defraying-the-costs-of, the new residence.
The approach you choose and the decisions you make will depend on your financial goals. On the bright side, whether you buy a large or small unit, you will still enjoy all the benefits of condominium living. Simplifying one’s lifestyle is bound to bring on the joys of “renaissance living.”
House Price Gains in North Toronto, Deer Park, Davisville
North Toronto - Midtown House and Condo Price Report
North Toronto – Midtown is bordered by the Summerhill train tracks to the south; Avenue Road to the West; Eglinton to the north and Bayview to the east. The neighbourhoods in this quadrant include Yonge – St. Clair, Deer Park, Yonge - Eglinton, Davisville Village and Moore Park. The types of homes sold include detached, semi-detached and town houses. In the fourth quarter of 2014, the average price of a single family dwelling was $1,219,486. By Q4 2015, the price had risen to $1,294,177 - a gain of 6%. The sales-to-list-price ratio averaged 104% for both periods, indicating that many sales attracted multiple bids. In both quarters, the average number of days on market was under 2 weeks. 70 properties changed hands in Q4 2014, while only 66 houses were sold in 2015. These figures paint picture of a Seller’s market - more Buyers than Sellers.
In Q4 2015, the average price of a condominium had risen from $564,638 to $604,599 - an increase of 7%. The sales-to-list-price ratio stayed constant at 99%, while the days on market count went from 18 to 22. 80 condos were sold in Q4 2014. In Q4 2015 this number dropped to 66 sales. In 2014, 5 condos traded at or above $1 million; in 2015 that number had increased to 7.
North Toronto – Midtown enjoys leafy neighbourhoods, good schools and access to the Yonge-University subway line. The value of its housing stock will continue to increase steadily over time.