List of New Yorkdale in New Condos Yorkdale Neighbourhood
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Yorkdale
Yorkdale is a neighborhood located in the northwest end of the city of North York. Although it has become synonymous with its eponymous shopping mall located within its borders, the neighborhood has a lot more to offer as well. There is an abundance of gourmet restaurants, retail stores, urban conveniences as well as exciting entertainment options. Yorkdale is bordered by Allen Road to the east, Caledonia Road to the west, Highway 401 to the north and Lawrence Avenue West to the south. Although most people believe that Toronto’s condominium revolution revolves around the heart of downtown, it has also started to emerge in the city’s northwest district, a few minutes away from the ever growing and prominent Yorkdale Shopping Centre. These much anticipated condo developments will consist of mid to high-rises and are promising to fill up the void in the neighborhood that has been the domain of bungalows with single families and two-storey homes along with expansive custom houses and subdivisions. Today, condos are the most common type of houses here in Yorkdale and account for 60 percent of the total homes sales in the area. Condo townhouses too are prevalent and account for 19 percent of the total sales. Condo apartments are a popular trend here and the majority of the houses feature one bedroom.
Why Invest in Yorkdale Real Estate?
When it comes to investment, there are tons of reasons why you should consider calling this neighborhood your home. Yorkdale is a growing neighborhood and is undergoing a revitalizing phase which will bring about major development. The neighborhood has everything you need within reach making it very walkable. The presence of the Yorkdale Shopping Centre makes life convenient for its residents as it houses several stores and services along with restaurants to take care of all your needs. The neighborhood is also served well by public transportation, making it ideal for residents who are required to travel on a daily basis. This is specifically applicable for working professionals as travelling constitutes a major part of their daily life. The neighborhood also has several condos to offer ranging from mid to high-rises. A major advantage in calling this place home is the opportunity to invest much less as compared to other neighborhoods such as downtown Toronto where real estate prices are sky high. There is also much scope if you wish to invest in a condo for profit. The accessibility and the plenty of amenities available here make this neighborhood very desirable and as such there will be an abundance of tenants available, specially young professionals who are not yet ready to invest in a condo, but need a place to stay. While you are receiving a monthly income in the form of rent from your tenants, the value of your property also keeps increasing with the annual rise in prices. Within a few years, the value of your property could double as the area gets more developed and the population starts to rise. Several opportunities are here that come only once in a lifetime and you could definitely be one of the fortunate few who are able to recognize and grab the opportunity while it exists. This neighborhood definitely is the hotspot of the future.
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Accessibility
One of the best features about Yorkdale is that it is a commuter-friendly neighborhood with plenty of transit options. The subway station located at the Yorkdale Mall serves as a major hub for both buses and subway. There are routes which run along numerous arterial roads which include Lawrence Avenue West, Sheppard Avenue West and Wilson Avenue, which connects with the Toronto Transit Commission’s Yonge/University subway Line 1. The bus routes along Bathurst Street, Keele Street, Dufferin Street and Jane Street connect to the Toronto Transit Commission’s Bloor/Danforth subway Line 2. This not only allows residents to travel conveniently in any direction. This makes the location ideal for young professionals who commute regularly and work in North York. Yorkdale is also convenient for motorists as it offers easy access to major thoroughfares in and out of the city. Highway 401 is simply a short drive from any part of the neighborhood with on-ramps located at Allen Road, Dufferin Street and Keele Street. Dufferin Street and Bathurst Street are the major north-south arterial routes that serve a direct link north to the suburbs and south to the Toronto waterfront.
Average Prices of Condos in Yorkdale
Currently, condos in Yorkdale account for 60% of sales in Yorkdale, with detached houses accounting for 19% and condo townhomes accounting for 17%. The majority of the residents can be found living in one-bedroom condo apartments. The average price in Yorkdale during the last year was $491,425, a 19% increase over the previous period. The average condo price in Yorkdale during the previous year was $378,939, compared to the average freehold price of $1,134,127 over the same period.
Yorkdale Neighbourhood
Around 50% of people are of working age (25 to 64), with seniors accounting for roughly 23%. With around 20% of individuals of Italian heritage, the region has a distinct Mediterranean character, which is reflected in the exterior décor of a few of the single-family houses. Canada’s fifth-largest shopping center The Yorkdale Mall which features several luxurious shops and among its 250 businesses is located about a kilometre north of Lawrence on Dufferin and features. The condos in Yorkdale are also located close to Orfus Road which is a bargain hunter’s paradise, with stores ranging from Barnes & Castle to Nine West.
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Toronto Neighbourhoods
- Alexandra Park
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- Regent Park
- Riverdale
- Roncesvalles Village
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- Swansea
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- The Danforth
- The Distillery District
- The Junction
- Trefann Court
- Upper Beaches
- Wallace Emerson
- Weston
- West Don Lands
- West Queen West
- Yonge & Eglinton
- Yorkville
