New Condos in Yonge & Eglinton

Yonge and Eglinton’s Real Estate Market Overview

Yonge and Eglinton, often deemed the heart of midtown Toronto, is a bustling area with a thriving real estate market. Known for its dynamic mix of condos, parks, and many shops, it attracts young professionals and families.

The neighborhood’s growth is tied to the Eglinton Crosstown LRT, offering easy access to public transit, making it appealing for those seeking new condos for sale in Yonge and Eglinton.

The real estate market here features a mix of high-rise condos for sale along Yonge Street and Eglinton Avenue, providing modern living spaces and excellent amenities like fitness centers, rooftop terraces, and even the occasional swimming pool.

Eglinton largely features condos, catering to diverse buyer preferences, whether you’re looking for cozy one-bedroom units or more spacious family homes.

The market here continues to thrive, with demand for yonge and eglinton condos remaining strong thanks to its unmatched location, accessibility, and amenities.

Why Invest in Yonge and Eglinton Pre-Construction Condos

Investing in pre-construction condos in Yonge and Eglinton offers significant opportunities for growth. As Toronto’s midtown continues to expand, these properties are not only modern but also strategically located near key transit hubs like Eglinton Station and the new Eglinton Crosstown LRT.

For young professionals and families, this area’s appeal lies in its combination of vibrant city life and suburban comforts.

The ongoing development of the yonge eglinton centre and its surroundings has led to an influx of many shops, cafes, and restaurants.

Buyers benefit from being in a bustling area, while investors see the value of properties in a location with consistent demand.

Condos for sale in this area are designed to meet the needs of modern living, offering spacious layouts, energy-efficient features, and access to nearby parks like Eglinton Park.

What’s the Average Condo Price in Yonge and Eglinton?

On Yonge Street and Eglinton Avenue, prices for modern condos range from the high $500,000s for one-bedroom units to well over $1 million for larger multi-bedroom properties.

These Toronto condos are situated in a prime location, offering a blend of urban convenience and suburban tranquility.

Factors like proximity to the downtown core, nearby amenities, and transit access heavily influence pricing. The completion of the Eglinton Crosstown LRT has further increased the value of properties in the area.

Listings for condos for sale here often showcase premium features such as floor-to-ceiling windows, spacious balconies, and high-quality finishes.

While prices may seem steep, the investment potential remains high due to the market’s resilience and consistent demand from families and young professionals alike.

Accessibility/Getting Around

Accessibility in Yonge and Eglinton is unrivaled, thanks to its strategic location in midtown Toronto. The Eglinton Crosstown LRT, along with the subway at Eglinton Station, ensures seamless commuting.

Whether you’re heading downtown or to the west, transit options provide easy access to the rest of the city, making it ideal for residents who rely on public transit.

For those who enjoy walking, the neighborhood boasts an impressive walk score, with an array of shops, restaurants, and parks like Eglinton Park just a short stroll away.

The pedestrian-friendly streets make it convenient for everyday errands and leisure activities, enhancing the quality of life for those who prefer a car-free lifestyle.

Driving is also a breeze in this bustling area, with major streets like Yonge Street and Eglinton Avenue providing quick connections to highways.

Popular Neighborhoods in Yonge and Eglinton

• Davisville Village: Located just south of Eglinton Avenue, Davisville Village is ideal for families and young professionals. Known for its green spaces, reputable schools, and quiet streets, it offers urban convenience and suburban tranquility. With easy access to transit and shops, it’s perfect for comfortable living.
• Chaplin Estates: Bordering Yonge Street, Chaplin Estates is an upscale enclave combining historic homes and luxurious condos. Perfect for those seeking a quieter lifestyle with city connections, it offers tranquility and convenience. This sought-after location balances comfort and accessibility, ideal for residents valu
• Mount Pleasant West: This vibrant neighborhood is a hub for young professionals, offering a dynamic urban vibe with excellent transit connectivity. It features a mix of high-rise condos and many shops, providing residents with easy access to amenities. Its bustling atmosphere and prime location make it a sought-after destination.
• Sherwood Park: East of Yonge Street, Sherwood Park is a haven for nature lovers. With its tree-lined streets and tranquil ambiance, it offers a serene escape within the city. Residents enjoy easy access to walking trails, making it an ideal spot for those seeking a peaceful urban retreat.
• Lawrence Park South: Located slightly north, Lawrence Park South offers luxury living in a family-friendly setting. Its proximity to top private schools and parks makes it ideal for families seeking elegance and convenience. With easy access to Yonge Street and Eglinton Avenue, residents enjoy tranquility and urban amenities in this sought-after neighborhood.

FAQs

What’s the Minimum Down Payment for a Condo in Yonge and Eglinton?

The minimum down payment for condos in Eglinton Yonge depends on the property’s price. For condos under $1 million, buyers need 5% of the first $500,000 and 10% for the remaining balance. For properties over $1 million, a minimum of 20% is required. This ensures buyers are financially prepared for their investment in this vibrant area.

What Are the Closing Costs for Condos in Yonge and Eglinton?

Closing costs for Yonge Eglinton condos typically range from 1.5% to 4% of the purchase price. These costs encompass land transfer taxes, legal fees, and adjustments for taxes and utilities. Buyers should budget accordingly to cover these expenses when purchasing a condo in this desirable neighborhood.

What Are the Typical Maintenance Fees for Yonge and Eglinton Condos?

Maintenance fees in the Yonge and Eglinton neighborhood typically range from $0.50 to $0.75 per square foot. These fees vary depending on the building’s amenities, such as a swimming pool or concierge services, which can increase the costs. Residents enjoy modern facilities with these comprehensive maintenance services.