Spring at Minto Gardens stands as a reflection of modern urban living in Toronto's vibrant North York neighborhood. This 32-storey condominium complex, completed in 2010, offers a blend of luxury and convenience that has attracted residents from various walks of life. With its unique mix of units, including 3-storey townhomes, and an array of high-end amenities, the development caters to diverse lifestyle preferences. While the building's features are impressive, its prime location at 23 Sheppard Ave E raises intriguing questions about the area's potential for growth and the long-term value proposition for residents and investors alike.
Key Facts
Located at 23 Sheppard Ave E in North York, Toronto, Spring at Minto Gardens is a 32-storey condominium complex completed in 2010. This residential property offers a diverse range of living spaces, comprising 342 units in total. The building features a combination of high-rise suites and 3-storey townhomes, with the latter boasting waterside patios that provide a unique living experience.
The real estate market at Spring at Minto Gardens reflects its desirable location and amenities. The average price per square foot in the building stands at approximately $983, indicating a premium valuation for the property. For those interested in renting, the average rent price is $4.25 per square foot, offering potential investment opportunities for property owners.
Maintenance fees at Spring at Minto Gardens are set at $0.88 per square foot, which is significantly higher than the city average of $0.67. While this may represent a higher cost for residents, it potentially correlates with the quality of maintenance and available amenities.
One of the key attractions of Spring at Minto Gardens is its shared amenities with the sister building, Radiance Condos. Residents have access to a pool, spa, and various recreational rooms, enhancing the overall living experience and providing opportunities for relaxation and social interaction within the complex.
The combination of its prime location, diverse unit offerings, and extensive amenities positions Spring at Minto Gardens as a prominent residential option in North York, catering to those seeking a modern urban lifestyle with added conveniences.
Building Overview
Towering 32 storeys above North York, Spring at Minto Gardens stands as a tribute to modern urban living. Completed in 2010, this condominium tower is situated at 23 Sheppard Ave E, offering residents a prime location in Toronto's bustling North York district. The development encompasses a total of 342 units, catering to diverse lifestyle needs and preferences.
One of the unique features of Spring at Minto Gardens is its inclusion of 3-storey townhomes, complete with waterside patios. These units provide a more spacious living option for those seeking a house-like feel within a condominium complex. The property's design incorporates landscaped urban lake areas, enhancing the overall aesthetic appeal and creating a serene atmosphere for residents.
The building shares amenities with its sister property, Radiance Condos, offering residents access to an extensive suite of facilities. These include a party room for social gatherings, a games room for recreational activities, a media room for entertainment purposes, and a pool and spa for relaxation and fitness.
From a financial perspective, the average cost per square foot in Spring at Minto Gardens is approximately $896, positioning it competitively within the Toronto real estate market. Maintenance fees are set at $0.88 per square foot, covering the upkeep of common areas and shared amenities.
The development's location is particularly advantageous for commuters, with excellent access to public transit options. Sheppard-Yonge Station is within walking distance, as are multiple bus routes, ensuring residents can easily navigate the city without relying on personal vehicles.
Building Amenities
Within the walls of Spring at Minto Gardens, residents are treated to an array of high-quality amenities designed to enhance their urban lifestyle. The ground floor serves as a hub for social interaction and entertainment, featuring a party room, games room, and media room. These spaces provide ample opportunities for residents to gather, socialize, and enjoy various forms of entertainment. Additionally, a boardroom is available on the ground floor, offering a professional setting for meetings or work-related discussions.
The second and third floors house a luxurious pool and spa, catering to residents' relaxation and wellness needs. These facilities provide a tranquil retreat within the building, allowing occupants to unwind and maintain their fitness routines without leaving the premises. Complementing the indoor amenities, Spring at Minto Gardens also boasts landscaped outdoor areas, encouraging residents to connect with nature and enjoy the fresh air.
The building's amenities are further enhanced through shared access with its sister property, Radiance Condos. This arrangement expands the range of lifestyle options available to Spring at Minto Gardens residents, creating a more extensive and diverse living experience.
Key amenities at Spring at Minto Gardens include:
- Social spaces: party room, games room, and media room
- Professional facilities: boardroom for meetings and work discussions
- Wellness offerings: luxurious pool and spa on the second and third floors
- Outdoor spaces: landscaped areas for relaxation and nature connection
These carefully curated amenities cater to various aspects of residents' lives, fostering a sense of community and providing opportunities for relaxation, entertainment, and professional pursuits within the building itself.
Maintenance Fees
Prospective buyers and residents of Spring at Minto Gardens should be aware of the building's maintenance fees, which play a significant role in the overall cost of living. These fees are set at $0.88 per square foot, which is significantly higher than the city average of $0.67 per square foot. For an average-sized unit, this translates to a substantial monthly expense that must be factored into the total cost of ownership or residency.
The maintenance fees at Spring @ Minto Gardens cover a range of vital services and amenities. These include the upkeep of common areas, building maintenance, and the operation of shared facilities within the 32-storey tower and associated townhomes. Residents benefit from various amenities funded by these fees, such as party rooms, a swimming pool, and a landscaped outdoor area.
While the higher-than-average maintenance fees may initially seem intimidating, it's important to evaluate the value they provide. The fees guarantee the proper maintenance and operation of the building's facilities, potentially contributing to the long-term value of the property. Additionally, the inclusion of amenities like party rooms and a pool can enhance the overall living experience for residents.
However, potential buyers should carefully weigh the impact of these fees on their budget. The higher costs may affect the overall affordability of living in the condos, particularly when combined with mortgage payments and other living expenses. Consequently, maintenance fees are a vital factor to weigh when evaluating the financial viability of purchasing or renting a unit at Spring @ Minto Gardens.
Explore Neighborhood
The neighborhood surrounding Spring at Minto Gardens offers a diverse range of amenities and activities, making it an attractive location for residents. This vibrant area is filled with a mix of dining options, cultural activities, entertainment venues, and green spaces, providing residents with a rich and fulfilling lifestyle.
From popular dining spots like Yonge Pizza and Kinka Izakaya to grocery stores such as Whole Foods Market and Longos, residents have access to a variety of culinary experiences within an 8-minute walk. Cultural activities are also readily available, with institutions like the David Strickland Art and the Toronto Centre For the Arts nearby, offering enriching experiences for residents.
- Dining Options:
- Yonge Pizza
- Kinka Izakaya
- Whole Foods Market
- Longos
- Cultural Activities:
- David Strickland Art
- Toronto Centre For the Arts
- Entertainment Venues:
- Cineplex Cinemas Empress Walk
- Green Spaces:
- Albert Standing Park
- Avonshire Parkette
Residents can enjoy the convenience of being well-served by public transit, with the nearest stop at Sheppard Ave East at Yonge St providing connections to multiple bus routes and easy access to Sheppard-Yonge Station. This blend of urban amenities and green spaces makes the neighborhood around Spring at Minto Gardens an ideal place to live.
Age Distribution of Residents
The population in the dissemination area surrounding Spring at Minto Gardens is approximately 32,007 residents, with an average household size of 2.4 individuals, indicating a mix of family units and single-person households. The average individual income in this area is $57,784, suggesting a relatively diverse economic demographic. This community likely has a balanced age distribution, as indicated by the average unit ownership duration of 5.5 years, which suggests both younger and older residents are present.
Population
Located in the heart of North York, Spring at Minto Gardens is situated within a diverse community, as evidenced by the demographic distribution of its residents. The population in the dissemination area around Spring at Minto Gardens is approximately 32,007 residents, fostering a vibrant community atmosphere.
The average individual income in the area is reported to be $57,784, which is competitive and reflects the affluent nature of the neighborhood. The average household size in the neighborhood is approximately 2.4 individuals, indicating a mix of families and single residents.
Key population statistics include:
- Population: 32,007 residents
- Average Individual Income: $57,784
- Average Household Size: 2.4 individuals
- Average Unit Ownership Duration: 5.5 years
These statistics highlight the stability and diversity of the community surrounding Spring at Minto Gardens, making it an attractive location for residents seeking a well-rounded living environment.
Tenancy and Property Type
Surrounded by the vibrant community of North York, the tenancy and property type at Spring at Minto Gardens reflect a diverse age distribution of residents. The average household size within the dissemination area is about 2.4, indicating a mix of family and non-family households. This diversity is further supported by the average individual income of approximately $57,784, which suggests a range of economic demographics among the residents.
The stability of the community is evident in the average unit ownership duration of 5.5 years, indicating that residents tend to establish long-term tenancies. This stability is underscored by the healthy demand for rental properties, with 48 units rented in the past year. The population in the dissemination area, which stands at approximately 32,007, further supports the notion of a vibrant community that can accommodate a range of tenant ages and family structures. Overall, Spring at Minto Gardens presents a balanced and stable residential environment, appealing to a wide spectrum of potential tenants.
Average Income
Diving into the specifics of the average income at Spring at Minto Gardens reveals a nuanced picture of the community's economic landscape. The average individual income in the dissemination area surrounding Spring at Minto Gardens is approximately $57,784. This figure indicates a relatively affluent community, with residents enjoying a higher standard of living compared to other areas.
Key statistics that highlight the economic profile of the community include:
- Average Individual Income: $57,784
- Population Size: Approximately 32,007 residents
- Average Household Size: Around 2.4 individuals
- Duration of Ownership: Residents typically own their units for an average duration of 5.5 years
These statistics collectively paint a picture of a stable and economically vibrant community. The average income reflects the area's competitive real estate market, where properties often receive multiple offers. The mix of families and individuals, along with the stability in ownership durations, further underscores the attractiveness of Spring at Minto Gardens as a residential choice.
Nearby Schools
Spring at Minto Gardens is strategically positioned near several reputable educational institutions, guaranteeing residents have convenient access to a range of schooling options. For high school students, the Academy of Excellence, a private school for grades 9-12, is located just 0.01 km away, offering a specialized curriculum. Cardinal Carter Academy for the Arts, a Catholic school for grades 7-12, is situated 0.33 km from the property, providing an arts-focused education. Additionally, ELPIS College Toronto, another private institution for grades 9-12, is located 0.31 km away, offering an alternative educational option.
For younger students, Central Montessori, a nearby elementary school, is located less than a 2-minute drive from the property. This school caters to the educational needs of younger residents in the community. Moreover, Earl Haig Secondary School, known for its strong academic performance and extracurricular programs, is approximately 0.97 km from the condos. This well-rated secondary school provides a thorough education for students in the area.
The proximity of these schools to Spring at Minto Gardens enhances the appeal of the property for families and students. The variety of educational options available guarantees that residents can choose the best fit for their children's needs, making the area an ideal location for those prioritizing education.
Luxury High-Rise Condo Development
The luxury high-rise tower at Spring at Minto Gardens stands as a symbol of modern urban living in North York, Toronto. Completed in 2010, this 32-storey development by Minto offers 342 residential units, providing a variety of suite sizes to cater to different needs. The average cost per square foot over the last 12 months is $896, indicating a premium investment for those seeking high-end living.
Residents at Spring at Minto Gardens enjoy a range of premium amenities designed to enhance their living experience. Some of the key features include:
- Pool and Spa: A luxurious pool and spa area perfect for relaxation and recreation.
- Party and Media Rooms: Well-appointed spaces for social gatherings and entertainment.
- Landscaped Outdoor Areas: Beautifully designed outdoor spaces shared with Radiance Condos, ideal for enjoying the outdoors.
- Maintenance Fees: Set at $0.88 per square foot, slightly above the city average, reflecting the high-quality services and facilities provided.
The property is strategically located near key transit routes, including Sheppard-Yonge Station, making daily commutes efficient. Additionally, its proximity to shopping, dining, and cultural attractions guarantees that residents have everything they need within walking distance.
