Yorkdale is in the northwest end of the city. Technically situated in North York, it has become synonymous with its eponymous shopping mall, but there is a lot more to offer in this bustling neighbourhood. You can enjoy an abundance of gourmet restaurants, retail shops, unbeatable urban conveniences, and exciting entertainment options. It is bordered by Caledonia Road to the west, Highway 401 to the north, Allen Road to the east and Lawrence Avenue West to the south.
Who said Toronto’s condominium craze has to revolve around the heart of downtown? In the city’s northwest district, just minutes from the ever growing and uber prominent Yorkdale Shopping Centre, a brand new output of suburban condominium projects is emerging. These much anticipated mid to high-rise structures are promising to fill a void in an area that has long been the domain of single family bungalows and two-storey homes, as well as expansive custom houses and subdivisions.
Today, Yorkdale largely features condos, accounting for 60% of sales, folowed by detached houses at 19% and condo townhomes at 17%. Condo apartments are the most common trend, and the majority of the homes have one bedroom. The common price in Yorkdale over the past year was $491,425, an increase of 19% over the previous term. The average condo cost over the past year was $378,939, in comparison to the average freehold rate of $1,134,127 over the same timeframe.
Yorkdale is a great commuter neighbourhood with plenty of transit options. The station at Yorkdale Mall acts as a major hub for the subway and buses. Routes run along numerous major arteries including Lawrence Avenue West, Wilson Avenue, and Sheppard Avenue West, which connects to the Yonge/University subway line. Bathurst Street, Dufferin Street, Keele Street and Jane Street buses connect to the Bloor/Danforth subway line.
The location is ideal for young professionals who work in North York and use the TTC, or motorists who need easy access to major thoroughfares in and out of the city. Highway 401 is a short drive from anywhere in this neighbourhood, with on-ramps at Keele Street, Dufferin Street, and Allen Road. Bathurst and Dufferin Streets are the major north-south arterial roadways that provide a direct link south to the waterfront and north to the suburbs.
The revitalization project in this neighbourhood will undoubtedly bring stability to the area, as it has already attracted investors and land developers. It’s an emerging condominium community where you can conveniently connect, grow, and thrive. Yorkdale is a diverse neighbourhood that brings together residents from broad socio-economic backgrounds.
The region's major draw is the fact that potential buyers will pay much less for living here compared to an established neighbourhood downtown, but they'll still get that desired condo lifestyle. There are opportunities that only happen once in a lifetime, and you could be one of the fortunate few who are able to recognize and appreciate this one. It is the hotspot of the future.
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