Yorkville Toronto Condos

Yorkville and The Annex, Toronto Condos

Above is an introduction to a few notable Yorkville Condominium Buildings. However, there are many more condominium buildings located in the Yorkville neighbourhood. Please click on the links to view each of these buildings or complete the form at the bottom of this page .If you don't see the building you are searching for here. We will be pleased to provide you with specific pricing, features, floor plans and amenity information for any condo building. Every condo buildling has it's own features and amenities, finding the best building for each individual buyer varies depending on personal taste and preferences.    

YORKVILLE 

Yorkville is one of Toronto's most famed neighbourhoods. In a city that boasts over 145 unique neighbourhoods this is quite a feat. Having gone through many transformations from it's early days in the 1830's when Yorkville was established as a suburb by William Botsford Jarvis of Rosedale and Joseph Bloore ( this is the origin of the name for Bloor Street ) . Annexed in 1883 this area has stood the test off time .
  Yorkville has finally realized it's final metaphorphisis as a world renowned , high end neighbourhood filled with art galleries, designer boutiques, top restaurants and chic cafes.
Over the years the diverse history of this now elite community adds to the character of the neighbourhood.  The old firehall from 1876 was restored in 1974 and remains a charming reminder of days past amongst the soaring luxury condominium skyscrappers and state of the art towers such as The Residences of The Four Seasons Toronto. One of the most favoured references by local Torontonian's of Yorkville were it's
" hippie" days , where the old victorian structures were filled with colourful small shops and unique personalities finding entertainment there. It was unimagineable at that time that a few decades later many of  those same individuals would realize their own potential and call Yorkville home by purchasing residential real estate that is now some of Canda's most prominent and costly.
Perfectly positioned in the heart of Toronto, the Yorkville neighbourhood provides easy access to Toronto's main subway lines, The North/ South and East /West lines as well as Yonge Street and the designer shops on Bloor Street . These few blocks of Bloor Street within Yorkville are referred to as the " Mink Mile ".This is where many of the world's leading luxury brands including Tiffany and Co., Hermes, Louis Vuitton, Gucci and Prada have Toronto stores.  The restaurants in Yorkville are second to none , with Daniel Boulud's , Cafe Boulud in The Four Seasons on Yorkville Avenue and our city's own Mark McEwan's One Restaurant at the corner of Yorkville Avenue and Hazelton Avenue.  
Art collectors also enjoy a multitude of small galleries within the Yorkville neighbourhood that serve to satiate the apetite for those seeking a cultural reprieve from their days of shopping.

2nd Quarter &  1st Quarter  2018 Real Estate Sales Report

Yorkville and The Annex Toronto's condo market saw a decline in sales and sold price in the 2nd quarter of 2018. Sales this quarter down by 10% to 90 condo sales. Sales prices for the 2nd quarter decreased by 21%, partly due to a lack of inventory in the Yorkville area, pushing the average sales price up. The average price comes in at a strong $1,065,003 per suite.

Last year at this time we saw a very strong demand for larger 1,200+ sq. ft. units from empty nesters' moving from larger houses. This has changed dramatically as we saw many sales of the smaller units. The supply for these larger units is very limited. These large suites are generally found in older condo buildings 20+ years that are priced moderately or new condo buildings that are super luxury and very expensive.  

Another statistic showing that the market will remain strong is that we are seeing 100% of the final sales price to the listing price. Also, condos are selling within a month. We also saw most of the condos price per square footage increased over this quarter proving that high end stats don't always show you a clear picture. I tend to base the market on price per square footage due to it is more relevant to how an area is doing.

I will be very curious to see what the 3rd quarter of 2018 brings. We have a few new (pre-construction) condo buildings initiating their VIP sales, but I don't see this affecting the resale market as the pre-construction attracts different buyer.

*** Please Note -These prices do not truly portray the fact that many of these super luxury condo units are from $1300 to over $1,500 per sq. ft.. ***

 
Sales Prices 1st Quarter 2021 Annex including Yorkville
Sales prices for condos in the Annex for the 1st quarter of 2021 increased by 17%, a strong showing but no surprise since Yorkville and the Annex are considered one of the most desirable neighbourhoods in Toronto. The average price comes in at a strong $1,103,000 per suite. It's really important to keep in mind that the type and size of suites selling affects this number depending on the mix of higher priced luxury condos compared to smaller one bedroom condos.
A separate point to keep in mind is that pre-construction condo prices have risen again due to higher construction material costs and levies that add additional costs to the developers. These costs must then passed on to the consumer.  The MLS numbers stated from TREB are for resale condos. 

There is still a very strong demand for larger 1,200+ sq. ft. units from empty nesters moving from larger houses and elsewhere around the globe, although during 2020 many favoured moving out of the city during the Covid pandemic, the buyers are starting to see the city opening up they realize they miss the culture, shopping, restaurants and downtown Toronto life. There have also been off market condo sales in the luxury market, that are not reflected in these numbers for either 2020 or 2021. 

Another statistic we are seeing is a strong 98% of the Average Sale Price to the Listing price and that the Average Days on Market for a condo is 33 Days. This is really not a long time on market, although many in Toronto have come to expect overnight sales with multiple offers, this is a very respectable time frame for average days on market.

Yorkville and The Annex provides a lot of choice for condo buyers and the price per square foot varies by building and even within each building. The price per square foot depends on the status, location and the amenities of the building. Expect to pay more for condos with 5 Star luxury services such as Valet Parking and a Yorkville Avenue address with incredible views and finishes. Certain suites and buildings have realized prices over $2200/square foot. However, for those seeking simply the location, there are also other Yorkville and Annex condo building options with smaller units or that may be older or perhaps do not have the latest finishes that provide exceptional options for in attaining a more carefree condominium lifestyle. Many buildings in the Annex provide a short walk to U of T as well. These condo buildings are desirable for both students and Professors.
The Yorkville and Annex neighbourhoods are generally pricey due to the central Toronto location and demand for the lifestyle.
*Note that the MLS statistics are provided by TREB for The Annex.
Many Yorkville condos are within the Annex neighbourhood. 
The above information is provided as a very general overview and introduction. Please complete the contact form if you have any questions.
 
The price per square foot varies by building, suite upgrades and orientation. If you would like information about curent prices or an evaluation of your own Yorkville Condo please complete the contact form on this page.   

 

Yorkville Condo listings
and
Luxury Real Estate service
Contact
 
Chantal Murphy
Sales Representative
Sotheby's International Realty, Canada

Not intended to solicit Buyers or Sellers currently under contract with other Realtors