List of New Condos in Yorkville Neighbourhood

Investing in Yorkville Real Estate

Yorkville is an upscale neighbourhood located in Downtown Toronto, at the intersection of Yonge Street and Bloor Street East. The neighbourhood is bordered by Rosedale Valley Rd, Bloor St E, Avenue Rd, and Davenport Rd, with nearby neighbourhoods including The Annex and Rosedale. The neighbourhood of Yorkville is rich in style, culture, and art and is home to many high-end boutiques and world-class dining. Yorkville is one of Toronto’s affluent neighbourhoods, with a rich history dating back to 1830 when it was established as a suburb by Joseph Bloore and William Jarvis. Yorkville attracts a range of visitors and residents, from Canadians to international celebrities. The neighbourhood is one of the wealthiest and is one of the fastest-growing high-density residential neighbourhoods in Canada. The neighbourhood boasts world-class attractions, luxury boutiques, exceptional cafes, and fine dining restaurants. The neighbourhood is a mix of residential properties and commercial areas and is concentrated in the southern part of the neighbourhood. There are plenty of new condo developments in Yorkville, primarily luxury condos, to complement the pre-existing high-rise condos and luxury hotels in the area. Yorkville is rich in arts and culture, as several art exhibitions and events are held in the neighbourhood annually, with several permanent art installments also found in the area. The most prominent residential properties in the area are luxury high-rise condos and older Victorian-style homes. The neighbourhood is home to renowned luxury brands like Tiffany & Co., Hermes, Louis Vuitton, and Chanel. The neighbourhood has plenty to offer for activities, shopping, and dining, which makes living in a new condo in Yorkville a great investment.

Why Buy New Condo Developments In Yorkville?

Yorkville is a diverse, unique, upscale neighbourhood in downtown Toronto. With its name comes a sense of luxury. The area has a variety of commuting options, as well as a variety of offices, professional services, and boutique shops, which makes a new condominium in Yorkville an excellent investment. Yonge Street lies to the east, Bedford Road lies to the west, Dupont Road lies to the north, and Bloor Street lies to the south. In recent years, Yorkville has emerged as one of Toronto’s most attractive neighbourhoods with major intersections like Yonge and Bloor and Bay and Bloor. There are several luxury condominium buildings, commercial towers, theatres, shopping centres, gourmet restaurants, five-star hotels and beautiful Victorian homes in the area. With new condo developments in Yorkville continually being added, it is a constantly developing community. The neighbourhood has some of the most expensive condos in Toronto, with prices starting at over $1 Million. In Yorkville, condominiums account for 81% of all home sales. The next most popular type of home is a semi-detached home, which accounts for 7% of sales. The least common houses are townhouses and detached houses, each accounting for only 4% of all homes. A majority of the properties in Yorkville are condominiums with two bedrooms as the most common configuration. Currently, the neighbourhood has approximately 12,000 residents, and that number is increasing exponentially. In Yorkville, 60% of the population is composed of singles aged 20 to 44. The majority of Yorkville’s properties are rented, with 64% of them being occupied, while the remaining 36% are owned.

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Living in Yorkville

The Yorkville neighbourhood is filled with a wealth of attractions and amenities, including upscale retailers and fine-dining restaurants. Residents can also take advantage of a variety of amenities around the city from this convenient location, all the more reason to invest in a new condo in Yorkville. The neighbourhood is home to two public libraries, including TPL – Yorkville and the Toronto Reference Library, which is the largest and most popular library in Toronto. Although a majority of the neighbourhood is covered in high-rise buildings and commercial areas, residents have several green spaces and parks they can enjoy the outdoors in, including the Manulife Garden, Asquith Green Park, Jesse Ketchum Park, Lawren Harris Park, the Town Hall Square, and the Village of Yorkville Park. For groceries, there are four specialty grocery stores in the neighbourhood, Whole Foods Market, Pusateri’s Fine Foods, McEwan Fine Foods, as well as the very first Eataly in Canada. Along Bloor Street, residents can find a wide range of retailers, from luxury brands like Gucci, Hermes, Louis Vuitton, Prada, and Dior, to everyday brands like H&M, Sephora, Aritzia, and Zara. You can also find department stores like Holt Renfrew and Hudson’s Bay. At the Village of Yorkville, which is the core area of the neighbourhood, you can find many fine-dining options, specialty cafés, and more retailers. Yorkville is home to some of the best fine-dining restaurants in Toronto, like Buca, Trattoria Nervosa, Café Boulud, Chabrol, and One Restaurant. Near Yorkville is the Royal Ontario Museum, or the ROM, located at the intersection of Bloor St W and Queens Park. Visit the ROM to see collections, exhibitions, and galleries that represent different cultures from all over the world and natural history.

Average Prices of Condos in Yorkville

According to TREB data, the average price for all types of homes, including condos, in Yorkville and its surrounding neighbourhoods in 2021 is $1,634,866. Yorkville is located in the Central Toronto area, where the average price for all home types is $1,100,896. The average cost of all home types in the GTA as of 2021 is $1,074,113. The average price for all types of homes in Yorkville and its surrounding neighbourhoods is higher than those in other areas of Central Toronto and the GTA. The average price of a condo in Yorkville is $1,385,225 and remains on the market for an average of 17 days. The average condo price in Yorkville is significantly higher than in the Greater Toronto Area and the City of Toronto, which are $674,490 and $715,977, respectively. The benchmark price for Yorkville condos in 2021 is $1,035,900, which represents a change of 7.14% from the previous year.

Transit and Accessibility in Yorkville

As a neighbourhood in downtown Toronto and its prime location, there are plenty of transit options available to residents living in new condo developments in Yorkville. Yorkville residents can easily access TTC services, as well as GO Transit services. There are two TTC stations nearby, Bloor-Yonge and Bay station. From Bloor-Yonge station, commuters have two route options for TTC subway services, the Yonge-University line and the Bloor-Danforth line. The Yonge-University line travels north and south, stopping at 38 stations, from Finch Station and Vaughan Metropolitan Centre. The Yonge-University line also stops at Union Station, where commuters can find GO Transit services, Via Rail, and the Union Pearson Express. The Bloor-Danforth line has 31 stops and runs east to west of Toronto, from Kennedy Station in Scarborough to Kipling Station near Etobicoke. Residents can also find TTC-operated buses and streetcars a few minutes’ walk from the neighbourhood. Within 15 minutes, commuters can reach Toronto’s Union Station, where they can board one of the eight GO Train routes. Residents with a car can reach the Don Valley Parkway or Gardiner Expressway in less than 20 minutes, providing access to the Highway 400 series. Residents needing accessible transit services can take advantage of the accessible features that TTC vehicles are equipped with, including audio-visual announcements, kneeling buses, mobility device ramps, and priority seating. A second alternative for residents who need accessible transit options is to book a ride with Wheel-Trans, the TTC’s accessible transit service. Wheel-Trans services can be booked online or by phone, and customers can select their pickup and drop-off location.

Questions & Answers

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