Forest Hill like Rosedale is considered one of Toronto's most exclusive neighbourhoods in the city. Central Toronto just north of Yorkville Forest Hill boasts houses over 2 million and can cost as much as 10 million. Forest Hill boasts some of Toronto's best shopping being minutes from the Mink Mile in Yorkville and has small boutique Shops along Younge Street and great place for a weekend stroll. Hundreds of restaurants are scattered in this are for your culinary pleasure. Close to many subways and busses cars are not nescasarily needed in this area. Condos are relatively new in this area and compared to Yorkville a few block southare very inexpensive. The older buildings can be as low as $66 re sq. ft. and offer a unique amount of larger style suites. The newer condos tend to be over $700 per sq. ft. but offer all the amenities needed for a great building.
Rosedale is directly east of Forest Hill on the east side of Yonge Street North of Bloor. Like Forest Hill, Rosedale Boast one of the most exclusive neighbourhoods in Toronto. Built amongst some of Toronto's most beautiful greenspace Rosedale boast trails and paths to die for. You don't have to walk more than a couple of blocks to feel you are no longer in the city. Known for it's peaceful tree lined roads you will still find kids in the street playing in this family neighbourhood. Like Forest Hill amenities come in abundance in this neighbourhood and in the east you have the Don Valley path for biking and hiking. We find most of the condos ten to be older buildings in the geenspace but very unique as they are sprinkled throughout this quiet neighbourhood. Lately we have seen newer condos sprout up on Yonge Street and Bloor Street east. These buildings tend to be luxury buildings. Condos are still relatively cheaper in these areas running from $600 to $700 per sq. ft..
Yonge and t. Clair and Deer Park, Toronto:
Yone and St. Clair and Deer Park are directly north of Rosedale and Forest Hill still amongst million dollar homes. The Heart of this area is Yonge and St. Clair offering you all amenities within a 10 minute walk. Again this area id nestled in green space and offers what all urbanites love a peacefull area to get away from the hustle and bustle of the city. Much fewer older buildings this area has numerous new projects on the go especially on Yonge, St. Clair and Avenue Road. Condos are still relatively cheaper in these areas running from $800 to $800 per sq. ft..
Real Estate in Toronto's Central and Midtown Districts
Toronto's Central and Midtown have become home to many condo residences both old and new. We have seen many new projects rise over the past 5 years. This area offers many distinct types of condos from your basic old-fashioned style to newer boutique condos to luxury buildings offering all amenities. We have seen both end-users and investors flock to buy these units whether through resale or pre-construction. We have seen the rice per square feet grow by as much as 40%. In this area $800 - $1200 per square foot is not unusual in the high-end luxury condos, but most buildings range from $600 to $700 per sq ft.
The Central and Midtown Districts offer every type and style of condos from no amenities at all to some of the new buildings offering spas, pools, gyms, even restaurants and bars and pet spas. Condominium developers are offering different 'lifestyles' to suite different buyers' needs, from the first-time buyer, investor, empty-nester to those wanting a pied-e-tierre or to live/work.
The buyers and renters are from all age groups. They tend to be white-collar business people who work in the downtown core, do not like to commute and want to walk to all amenities. The demand for this area continues to be very high and both end-users and investors have found their condo purchases to be wise investments.
In terms of pricing, a condo in the Downtown Toronto area will cost you an average of: