Why is Yorkville one of the best neighbourhoods in Toronto?
Yorkville is one of the most desirable neighbourhoods in downtown Toronto. Expressing the essence of luxury, art, fine dining and beautiful real estate, Yorkville condos offer a way to experience this lustrous lifestyle. The neighbourhood is defined by four approximate boundaries:
Where is Yorkville located? Which streets is Yorkville on?
Davenport Road to the North
Bloor Street to the South
Avenue Road to the West
Yonge Street to the East
We, along with most locals, reference the area as Yorkville; Yorkville condos,Yorkville real estate. However, the proper city defined neighbourhood name is the Annex of which Yorkville is an area within. On a prominent stretch of Bloor Street lies the famous Mink Mile, a well known shopping destination within Toronto. This is where some of the world’s most well known designer brands (Louis Vuitton, Gucci, Hermès, Burberry, and more) have brilliantly designed boutiques. The sidewalks here are paved with stone and tasteful restaurants such as La Société make an appearance. Take a walk, as many Yorkville residents do along Yorkville Avenue and Cumberland Street. This part of Yorkville continues to offer high fashion shopping such as Christian Louboutin Yorkville but also has many dining and entertainment options like Kasa Moto, Hemmingway’s, STK, Cibo, Chabrol, Sassafraz and more. The atmosphere and overall architecture here is truly unique with the shopping facades varied and contrasting while maintaining the area as pedestrian friendly.
Parks and Hotels
The Village of Yorkville Park is the centrepiece of this functional neighbourhood. The park is designed to reflect the varied nature of Canada’s landscape having won several awards for the design. Located South of Cumberland Street, the park is set with a 650 Tonne granite rock taken from the Canadian Shield. This focal point serves as a recognizable landmark and the surrounding courtyard is consistently filled with people enjoying a stroll, shopping or local dining. Among the Yorkville Condos for sale, you can find additional parks such as Jesse Ketchum Park, Frank Stollery Parkette, and Town Hall Square. The area is home to several prominent hotels which provide a variety of visiting accomodation styles as well as Yorkville Hotel condos. Some of the most recognized and desired penthouses + condominium units in the city are located at the Four Seasons Hotel, Windsor Arms Hotel and the Hazelton Residences. The Windsor Arms Hotel is where the Toronto International Film Festival (TIFF) was founded. TIFF festivities take place across the city but you can expect celebrity sightings and exclusive events in this neighbourhood along with King West.
Yorkville Real Estate
The condos and lofts for sale in this area are some of the most treasured in downtown. There is a wide variety of design options among the varying condominium buildings. For discerning buyers seeking grand and timeless class, you have luxury condos such as the Prince Arthur condos, 40 Scollard Street, Hazelton Residences and more. With distinction as one of the top neighbourhoods in Toronto, there are many new construction condos that come with unparalleled skyline vistas on the higher floors or immersive urban experiences on the lower floors. Some of these stunning buildings are One Bloor, The One, Museum House, 1 Yorkville, Four Seasons Private Residences, and many more. The combination of traditional architecture and the new design palettes offers a unique setting when looking for real estate within this part of Toronto. Individuals seeking never before lived in condos have a continuous number of options as there are lots of preconstruction projects in the area. For real estate values, this means available land is quickly running out and therefore scarcity with ongoing demand to live here should continue to trend the market upward. Yorkville is clearly a perfect end user neighbourhood and due to the positive market performance, it has become recognized to be extremely investor friendly as well. Investors here can take advantage of the appreciating prices and the premiums the rental rates carry which creates a great environment. Historical analysis has shown that demand for core, downtown locations and luxury emanating areas will always exist and while some neighbourhoods trend in and out, Yorkville has stood the test of time.
Events, Entertainment and Schools in Yorkville
With a strong community bond and like minded appreciations, this neighborhood is home to plenty of entertainment options, yearly events and unique experiences. Residents and visitors alike can enjoy the Yorkville Exotic Car Show, Bloor-Yorkville Ice Fest, TIFF Events and a number of others. In terms of entertainment, you not only have some of the finest restaurants in the city, but they tend to host exclusive events featuring celebrities and chefs with renowned culinary experience. This star-studded area is host to fashion launches, designer appearances and sets the perfect stage for people watching. A notable attraction in this locale is the Royal Ontario Museum. The striking, controversial exterior design of the museum is host to historical treasures, dinosaur skeletons and many rotating, specialty exhibits within. For students, the location here offers condos close to University of Toronto and a quick commute to Ryerson University. University of Toronto is one of the best ranked schools in the world, making its proximity to Yorkville completely natural. There are some private institution options located in the area such as Blythe Academy, although out of area options like Upper Canada College are popular choices for local resident families.
Should I buy a condo in Yorkville?
This is one of those neighbourhoods which carries so much history and significance in Toronto that there will always be desire to live here. It is that posh, reputable neighbourhood where anyone who calls it home instantly gains a certain status level increase. Yorkville goes beyond just reputation and history, it is a vibrant, modern and functional location. Offering easy access to the Bloor and Yonge subway lines along with plenty of amenities like the Cineplex Theatres, Equinox gym location, grocery, retail, and institutions. These, along with the factors described earlier all lead to a spectacular end-user location where you can truly enjoy all that Toronto has to offer. Pairing this with very healthy price appreciation, low vacancy and strong rental rates means that investors seeking not only a property, but a showcase property will find it in Yorkville. There’s a reason that demand for this neighbourhood doesn’t seem to waiver and that’s because there is this truly unique charm and sophistication to be found here.