Pre-Construction Condos For Sale in Yorkville

About Yorkville's Pre-Construction Condos For Sale

Welcome to Yorkville, a neighbourhood in the city of Toronto with 14 Pre-Construction buildings with condos for sale. There were 3 Pre-Construction condo units sold in Yorkville in 2020 when the average sale price for Pre-Construction condos in Yorkville was $1,266,657. In 2020 Pre-Construction condo units for sale in Yorkville had an average of 1 days on market. The Pre-Construction condo building with the highest Dork Rating in Yorkville is 8 Cumberland with a rating of 2 in 2020.

A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.

8 Cumberland in Yorkville was the most active Pre-Construction condo building in 2020 with 3 units sold in Yorkville. The Pre-Construction condo building in Yorkville with the highest average price per sqft last year was 8 Cumberland at $1,489 per sqft.

When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.

You can find the neighbourhoods of Summerhill and The Annex nearby which have Pre-Construction condo buildings. Yorkville is a Walker's Paradise with a walk score of 97. This neighbourhood is Very Bikeable with a bike score of 83. a Rider's Paradise is available in Yorkville.

Yorkville Condos For Sale

The vibrant condo neighbourhood of Yorkville in Toronto has phenomenal buildings to choose from with a total of 58 condo buildings. These include 35 High-Rise, 22 Luxury, 15 Mid-Rise, 14 Pre-Construction, 8 Low-Rise and 1 Loft. The condos for sale in Yorkville include outstanding amenities. The average days on market for condos for sale in Yorkville is 25 days. There were 542 condos sold in Yorkville in 2020. Yorkville saw an increase in the number of condos sold by 337% compared to the year before. Condos for sale in Yorkville had an average sale price of $$1,414,164 last year, an decrease of -19% from the prior year. This neighbourhood is Very Bikeable with a bike score of 83. a Rider's Paradise is available in Yorkville. Yorkville is a Walker's Paradise with a walk score of 97. Summerhill and Rathnelly are nearby neighbourhoods.

Simply D'Lish, Dessert Lady Bakery, and Coco Espresso Bar are great bakeries in Yorkville. If you are looking for coffee Sassafraz and Coco Espresso Bar offer great options in Yorkville. Do you enjoy being in the kitchen? Pick up groceries at Whole Foods Market. Foodies won't be disappointed by the presence of excellent local restaurants Sassafraz and Yamato Japanese Restaurant. There is a surprising amount of green space with Infinite Care (Senior Care Services) and Village of Yorkville Park in Yorkville. Yorkville Pharmasave Bay Street and Rexall are a short walk away as well. Ivy Bookkeeping,Payroll and Administration is a shopping center in Yorkville that has something for everyone. Yorkville has many local events taking place with Gallery Phillip and canadianartgroup.com catering to the arts scene. Many gyms and fitness centers are popular with residents of Yorkville. Some of these facilities are Antaeus Fitness and JAMFITNESS in Yorkville. Take your pets to Dogfather & Co. Yorkville. The local schools in Yorkville is Jesse Ketchum Junior and Senior Public School. There are many students in this neighbourhood as Canadian Business College, Toronto Campus is located within it. Ride the subway underground, the closest station is Bay. For those who love to travel Toronto Service Limo is nearby to catch a flight.

What to Expect

In the Northwest corner of the downtown core lies an oasis for shopping, dining and luxury living. The neighborhood of Yorkville is bordered by Bloor on the south, Avenue rd. on the west, Roxburough in the north and Rosedale valley in the east. It's a world class shopping destination filled with international design houses, wide strolling boulevards and as many places to stop and eat as there are to shop. Top chefs fill coveted locations along these streets and fulfill the appetites of socialites and locavores alike. Housing in the area is both beautiful and refined. There are many older buildings featuring lovely architecture with lots of  stone work and a sophisticated image. The commercial and residential spaces blend seamlessly in this neighborhood. Retail hours dominate the culture although the One tower provides high class entertainment into the night. With the subway line on Bloor and Yonge this is an easy neighborhood to navigate to and from. 

Demographics

This is a neighborhood with an implied price tag.  There are a higher number of Seniors in the area, over 50% more than the rest of the city. Many more senior live with family in this area. Most people in Yorkville live alone in high rise units but there are far more single detached homes in this area of downtown. While the majority still fall into the working age group. There are more aging workers in the 39 plus category but overall the number of working age citizens is slightly less than the city average. The majority of individuals in the area speak English but some also speak Spanish and unspecified Chinese at home. As expected the average income is well above the city average at nearly $165,000. 

Lifestyle

Yorkville is a socialite playground. Wake up early and enjoy hand made pastry and freshly roasted coffee. Then take of the many fitness classes offered. There are yoga and pilates studios. There are training facilities and  most buildings have excellent amenities including gyms. There are a plethora of health spas and some of the best salons and services the city has on offer. The shopping will astound, with designer goods that can't be found anywhere else. There are also a number of street level retail outlets for major fashion chains, similar to what can be found at Eaton Centre. Once you’ve worked up an appetite, the choices for lunch and dinner are sure to satisfy. There are a few casual eateries sprinkled in with high end, haute cuisine. After dinner you can take in a movie at the VIP cinema or the Hot Docs theatre. If you prefer live performance, Bloor st is rife with choices including the Royal conservatory of music, which has several concert halls and an impressive collection of historical instruments...

What you'll love

High style. You'll be in top fashion shape with access to one of a kind and hard to find items. Walking. There is no need to drive, with highly walkable streets and easy TTC access. One of the joys of this neighborhood is found in strolling and window shopping. Service Plus. Yorkville is the spot to find the best in Salons and Spas, but you’ll find cleaners, car services, concierges and more.