Commonly known as “Yonge and Eg”, this neighborhood north of Toronto’s downtown is a real gem. It is vibrant, lively, entertaining, and full of new opportunities. And of course, there are countless new condos in Yonge and Eglinton appearing, which helps the area grow and evolve. If you are interested in investing in this neighborhood, you’re in luck: you get to choose among the best contemporary buildings in a superb location.
Why Invest in New Condos in Yonge and Eglinton, Toronto
Potential investments are always food for thought, as they require thorough research of both the real estate market and the neighborhood you are considering. So, let’s take a closer look at pre-construction condos in Yonge and Eglinton to see whether this district is worth your time and money.
Now, the main reason to invest in Yonge and Eglinton real estate is, of course, the location. No wonder the district is often called Downtown North, as it is located close to Toronto’s downtown core. It would take you around 15-20 minutes to get there by car, which means countless work and entertainment opportunities. At the same time, Yonge and Eglinton intersection is a bit calmer than the downtown area. It’s a nice spot to escape to when you don’t feel like being amidst the big city hustle.
Another reason to consider Yonge and Eglinton is its vibrant community. There are countless things to do, plus many business opportunities. The neighborhood is famous for being one of the biggest business centers outside Toronto’s downtown. The area is filled with offices, restaurants, retail areas, companies’ headquarters, financial establishments, and other business hubs.
The current population of the district is around 65,000, and it keeps growing. That’s good news for potential investors and landlords, as they will always have tenants and, consequently, revenue from their property.
And finally, let’s not forget about the impressive accessibility of Yonge and Eglinton. The public transit system is well-developed here and allows residents to get around easily. It takes approximately 25 minutes to get to the downtown core of Toronto by public transit, which makes Yonge and Eglinton one of the best areas to invest in.
There are many brand new condos for sale in Yonge and Eglinton, as the area is focusing mostly on condominiums these days, given the increasing demand for housing. The average condo price was $612K over the past year, but it is predicted to grow in the foreseeable future. Right now, the average price is around $700K, meaning that the real estate market in Yonge and Eglinton is developing fast. On average, new listings spend around 17 days on the market.
Let’s take a look at the average condo prices depending on the number of bedrooms:
Unit type
Average price
Studio
$410K
1 bedroom
$563K
2 bedrooms
$830K
3 bedrooms
$970K
Only 29% of the residents are owners, while the rest (71%) are renters. The area has a very low vacancy rate, so if you decide to lease your unit out, you will be very likely to interest more than enough potential tenants.
Two-storey buildings make up the majority of homes in Yonge and Eglinton, but high-rise condominiums become more and more popular as they grow in number. Currently, there are more than 20 new projects under construction in Yonge and Eglinton, and more are in planning.
The List of New Pre-Construction Condos in Yonge and Eglinton, Toronto
Types of suites available: 1 bedroom, 1 bedroom + den, 2 bedrooms, 2 bedrooms + den, 3 bedrooms, penthouse
Estimated completion: 2023
About: Nesting south of Yonge and Eglinton, the Y&S condo is meant to deliver the highest living standards to its residents. This stylish contemporary building will include suites of different layouts, all featuring large windows, captivating details, plenty of storage room, thoughtful design, and more.
Developer: Lifetime Developments and Knightstone Capital Management Inc.
Storeys: 29
Estimated completion: 2021
About: This pre-construction condominium will definitely catch your eye when finished, with its spacious balconies and bright façade. The units inside with include modern townhomes and 1-, 2-, and 3-bedroom apartments. You can expect a wide range of on-site amenities as well, including a gym, an event kitchen, a pet wash service, a conference room, an artist studio, and so on.
About: Combining sophistication and modernism, the UOVO Boutique Residences will embrace the urban living to its fullest. The suites will have their private outdoor spaces, floor-to-ceiling windows, and open-concept interiors. The building will include on-site amenities, but it’s also close to all the main facilities in the city, which means you will have an abundance of options to pick from.
About: Stunning architecture, luxurious units, and superb amenities make the E2 Condos a great investment option. However, there’s something else that makes this new project under construction special. Once completed, the E2 Condos will allow the residents to have a direct indoor connection to the Eglinton Subway Station and the new Crosstown LRT. This means you will be able to travel anywhere right from your doorstep.
About: This futuristic-looking building will certainly change the neighborhood. Located near countless amenities, the 1 Eglinton East Condos will offer more than 600 suites of different sizes and layouts. Also, there will be an underground parking space for vehicles and bikes (six floors in total). Plus, the residents will get easy access to commercial establishments, retail, dining options, and more amenities that the neighborhood has to offer.
Location: 660 Eglinton Avenue East, Toronto, ON M4G 2K2
Developer: RioCan Living
Storeys: 19 and 13
Number of units: 426
Estimated completion: 2021
About: Even though this isn’t the tallest building in the neighborhood, the 660 Leaside Condos still has a very urban feel to it. The project will offer spacious suites with contemporary interiors, ideal for those who appreciate functional modern living. The 660 Leaside Condos will also provide easy access to such on-site amenities as underground parking, outdoor terraces, retail space, and more.
About: This new project by Madison Group is very promising. The building will have over 200 spacious units, plus retail and office spaces, which makes it a great option for an investment. While there isn’t much information available yet, we know for sure that the 90 Eglinton Avenue West Condos will offer suites featuring a contemporary design and top-quality finishes. There will be extra on-site amenities as well for your increased comfort.
About: Elegant and chic, this new condominium project is going to be striking. Standing at 9 storeys tall, the Winslow Condos is nested in a picturesque neighborhood with many green spaces and countless handy amenities nearby. The suites will combine the functionality of urban living and the elegance of suburbs, featuring large windows, a contemporary design, and high-quality materials used.
Developer: Reserve Properties and Westdale Properties
Storeys: 21 and 33
Estimated completion: 2023
About: Planning to have more than 700 residential units, the Untitled Toronto Condos is a bold project that would combine classy elements with the contemporary style. This new development will include both indoor and outdoor amenities. The residents will have access to co-working spaces, a fitness center, a pool, rooftop lounging areas, a basketball court, and more.
About: If you want to live in a luxurious suite among the clouds, the Clair Residences might be the best choice for you. This new condominium is going to be 420 feet tall. It will feature spacious balconies so that the residents could enjoy the view and lots of natural light. The suites are expected to feature high-quality finishes, tall ceilings, and top-notch appliances.
The intersection of Yonge and Eglinton is a booming community and a large business center, which makes the area a good place to invest.
However, there’s more to Yonge and Eglinton than that. Firstly, it’s a great neighborhood for families. The area is safe, has plenty of large houses suitable for bigger families, and an excellent selection of public and private schools within reach. There are lots of green spaces and recreational facilities to keep you and your family close to nature. The abundance of nearby parks is also quite impressive.
Now, Yonge and Eglinton is also a great place for business. Whether you are just starting or want to expand your existing project, you will have many opportunities in Yonge and Eglinton. The area is known for its business and finance centers, and combined with its closeness to downtown, it makes one of the most entrepreneur-friendly neighborhoods in the Greater Toronto Area.
Condominiums Transit Options in Yonge and Eglinton, Toronto
Y&S Condos – Steps away from the Line 1 Subway. The new Eglinton Crosstown LRT is currently under construction. 6 km away from Downtown Toronto. Close proximity to multiple bus stops.
Whitehaus Condos – Steps away from the Eglinton TTC subway station. Will be close to the upcoming Eglinton Crosstown LRT too. Easy access to highway 401 the Don Valley Parkway. Numerous bus routes available in the area.
UOVO Boutique Residences – Walking distance to Eglinton Subway Station and Davisville Subway Station. The 2190 Yonge St bus station is within reach as well. Easy access to Ontario 401 Express and Don Valley Parkway.
E2 Condos – Will have a direct indoor connection to the Eglinton Subway Station and the new Crosstown LRT.
1 Eglinton East Condos – Easy access to future Eglinton Crosstown LRT. 1 minute walk from Eglinton Station on the Yonge.
660 Leaside Condos – 10 minutes away from the Eglington Subway Station. Multiple bus routes within reach.
90 Eglinton Avenue West Condos – Easy access to future Eglinton Crosstown LRT. Multiple bus stops minutes away from the building.
The Winslow Condos – Walking distance to multiple bus stations. Close proximity to the Lawrence Subway Station.
Untitled Toronto Condos – Easy access to highways 401, 404, and the Gardiner Expressway. Proximity to the Yonge-University Subway Line and the Mount Pleasant LRT Station.
The Clair Residences – Easy access to the Yonge Subway Line (including the Summerhill and St. Clair Subway Stations). Proximity to the St. Clair streetcar. Multiple bus routes available near the building. Easy access to the Gardiner Expressway and the Ontario 401 Express.
F.A.Q.
Is Yonge Street a safe neighborhood?
Yes, most of Yonge is very safe. Some parts may look a bit sketchier, but overall, there’s nothing to worry about.
Is Eglinton safe?
Yes. Locals note that the crime rate is quite low, plus most of the crimes are gang-related, which means you are likely to stay completely safe unless you mix up with them.
What area is considered Yonge and Eglinton?
Yonge and Eglinton is the neighborhood that is located at the intersection of Yonge Street and Eglinton Avenue. It is placed in the center of Midtown Toronto.
How much is parking at Yonge and Eglinton?
The daily maximum (from Monday to Saturday, 6 am to 6 pm) is $24. The evening maximum (Monday to Saturday, 6 pm to 6 am) is $10. Sundays and holidays – $10 (from 6 am to 6 am).
How far is Yonge and Eglinton intersection from Toronto’s downtown?
Yonge and Eglinton is around 16-18 minutes away by car, 25-30 minutes away by public transit, and around 35-40 minutes away by bike.
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