Yorkville Property Management
Other than the Fashion District, previously known as the Garment District, Yorkville is home to the Mink Mile, a strip of the neighbourhood solely dedicated to high-end designer fashion labels. It’s for this, and various other reasons that Yorkville has become a glamorous borough, poised with its artistic and cultural influences.
The fascinating part is that, although Yorkville is now an up-market neighbourhood, with a plethora of luxe retail stores and renowned restaurants, its inception took decades for it to become a mecca of Toronto’s modern art, architecture, and upscale residential dwellings.
Previously, Yorkville was considered a slum town, a part of Toronto less frequented by residents. It was only until the early 1850s that this area was incorporated as a village, considered to be the very first village amalgamated and annexed by the City of Toronto in 1883.
Throughout most of its existence, the neighbourhood has always shared a piece of Canadian and Toronto history with its neighboring boroughs. Ultimately, today, like years before, there is a stark Yorkville identity still alive within its bustling streets and young, professional, and successful residents.
Information on Yorkville Neighbourhood
Living here brings to life a feeling like no other.
Yorkville has an abundance of cultural and recreational life teaming in its streets. Designer flagship stores, ice sculptures, and a one billion-year-old granite boulder are some of its main attractions, for both residents and tourists alike.
With a wide selection of upscale restaurants and bars to choose from, luxurious hotels, and green spaces scattered in between high-rise buildings and traditional houses – Yorkville is a homogeneous enclave perfectly nestled between Annex, Wychwood, Rosedale, Church & Wellesley. It also shares a small line with the University of Toronto on Bloor street.
For some, the hustle and bustle of the neighbourhood are perfectly harmonized with green spaces and community areas where residents can relax in picnic areas, enjoy their morning coffee, or simply sit out in the sun during warm summer days.
Ramsden Park is one of the most popular public spaces, home to an artificial ice rink, wading pool, tennis courts, and playgrounds. There’s also The Yorkville Public Library, and the Metropolitan Toronto Reference Library, one of the largest in Canada.
Many also frequent the George R. Gardiner Museum of Ceramic Art, McLaughlin Planetarium, and of course, the most popular being the Royal Ontario Museum.
One will surely find something to do in Yorkville, with local markets, and events being organized by community members helping bring residents closer together and safeguard its longstanding and unique Yorkville identity.
With so many stores and areas of interest, Yorkville has to be one of the most walkable neighbourhoods in Toronto with a walk score of 99. Everything is within proximity of each other, allowing residents to easily get their daily errands done without the need for a car or public transportation.
For those who frequent other modes of transportation, subway lines one and two runs right through Yorkville at Bloor-Yonge subway station. Bus lines 13, 19, and 97 are also popular among residents passing through or looking to easily get around their local neighbourhood.
Via the University of Toronto, one can easily move down University Avenue to Downtown Yonge and the CBD or Toronto.
There is a lot of confusion around Yorkville’s bike score, but on average, it scored higher than 85, but not more than 90. The neighbourhood is considered more walker-friendly, as opposed to biking around. It’s still substantially higher than other neighbourhoods in the greater Toronto area.
School District Ratings
The public schools here are ranked a bit lower when compared to other suburban schools, with one of the only schools, Jesse Ketchum Junior and Senior Public School scoring an average of 5.9.
Yorkville doesn’t quite cater to families or those with children. As it’s more a lively neighbourhood with an active social scene. For those who would prefer something more fitting, a second-best option would be the Rosedale district, but it would require a bit of a commute.
Average Rent and Sale Prices
Yorkville housing is relatively affordable considering the endless amount of cultural and entertainment options one has within walking distance from your home.
On average, residents spend about CAD 1.8 million and CAD 2.4 million on a two to a three-bedroom house. While a one-bedroom apartment can cost anything between CAD 1,300 and CAD 1,550 per month. Larger condos will see rental prices hovering closer towards CAD 3,000 and CAD 3,500 per month.
Investing in Yorkville
Although many won’t admit it, Yorkville has undergone a decent amount of gentrification in recent years. This has led to new developments emerging around every corner. Current developments have been paused for the time being, as the pandemic has seen a sharp decline in the demand for new homes and apartments.
Overall, developments for commercial and residential property are a hot commodity in the Yorkville area, with luxurious new condos, and apartments being built. Additionally, new commercial property has also become available to private investors.
Buttonwood Property Management
To find that perfect condo or loft, overlooking the cultural landscape that is Yorkville, Buttonwood manages an endless array of properties and commercial spaces in the area. Clients will be able to find the most suitable dwelling for them that perfectly fits their needs and budget.
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