The Point at Emerald City stands as a symbol of modern urban living in Toronto's vibrant Sheppard Avenue East corridor. This recently completed 24-story residential tower offers a blend of contemporary design and thoughtful amenities, catering to the diverse needs of families and young professionals alike. With its strategic location and carefully crafted living spaces, the development promises an elevated lifestyle experience. However, as with any new residential project, potential residents and investors may wonder about the long-term value proposition and community integration of this sleek addition to Toronto's skyline.
Key Facts
Completed in 2022, The Point at Emerald City stands as a prominent residential development at 1800 Sheppard Ave E, Toronto. This 24-story tower, developed by Almadev, offers 406 residential units ranging from 475 to 995 square feet in size. The project exemplifies modern design and luxurious living, catering to a diverse demographic including families and young professionals.
The Point at Emerald City is strategically located within a vibrant, growing master-planned community. Residents benefit from easy access to public transit, with the Don Mills Subway station nearby, enhancing connectivity to the broader Toronto area. The proximity to Fairview Mall provides convenient shopping options, further adding to the appeal of the location.
Rental prices at The Point reflect its desirable features and location. Current average rents stand at approximately $2,400 for a one-bedroom unit and $2,700 for a one-bedroom plus den unit. The average rent per square foot is $4.19, based on recent rental data, indicating the property's competitive positioning in the local real estate market.
The development offers a range of amenities designed to enhance residents' lifestyles. These include a state-of-the-art fitness center, a rooftop terrace with panoramic views, and various recreational spaces. These features, combined with the modern design of the units and the building's overall aesthetic, contribute to the luxurious living experience that The Point at Emerald City aims to provide its residents.
Building Overview
Standing tall at 24 storeys, The Point at Emerald City is a striking residential condominium development located at 1800 Sheppard Ave E in Toronto. Completed in 2022, this modern architectural marvel comprises 406 units, offering a range of living spaces to suit diverse needs and preferences. The project, developed by Almadev and designed by WZMH Architects, showcases a commitment to contemporary aesthetics and high-quality construction.
The Point at Emerald City boasts an impressive array of features that cater to the discerning urban dweller:
- Varied unit sizes: From compact 475 sqft spaces to expansive 995 sqft residences
- Luxurious amenities: Including a state-of-the-art fitness center and a scenic rooftop terrace
- Prime location: Situated in a vibrant community with easy access to public transport
- Lifestyle conveniences: Proximity to dining, shopping, and recreational parks
The building's design prioritizes modern living, seamlessly blending form and function. Its sleek exterior reflects the contemporary architectural vision of WZMH Architects, while the interior spaces are thoughtfully crafted to maximize comfort and efficiency. The range of unit sizes accommodates various living arrangements, from individuals seeking a cozy studio to families requiring more spacious accommodations.
Residents of The Point at Emerald City enjoy the benefits of a carefully curated selection of amenities designed to enhance their daily lives. The fitness center promotes a healthy lifestyle, while the rooftop terrace offers a tranquil retreat with panoramic views of the city. The development's strategic location guarantees that residents have convenient access to essential services, entertainment options, and green spaces, creating a well-rounded urban living experience.
Building Amenities
With a focus on enhancing residents' quality of life, The Point at Emerald City offers an impressive array of modern amenities. The building's commitment to comfort and convenience is evident in its extensive range of facilities designed to cater to diverse lifestyle needs.
At the heart of the building's offerings is a state-of-the-art fitness center, complemented by a dedicated yoga studio. These spaces provide residents with ample opportunities to maintain their physical well-being without leaving the premises. For those seeking relaxation and outdoor enjoyment, a beautifully landscaped terrace offers a tranquil retreat. This outdoor space not only provides stunning city views but also introduces a touch of nature into the urban setting.
The ground floor lobby serves as a welcoming hub, featuring comfortable seating areas, a mailroom, and a management office. The presence of concierge services further elevates the resident experience, ensuring prompt assistance and support. Social interactions and entertainment needs are addressed through shared facilities such as a party room and a theatre room, fostering a sense of community within the building.
Recognizing the importance of sustainable living, The Point at Emerald City incorporates energy-efficient features and modern design elements. These initiatives reflect the building's commitment to environmental responsibility and long-term sustainability.
Additional amenities include secure bike storage, catering to environmentally conscious residents and those who prefer alternative transportation methods. This extensive suite of amenities at The Point at Emerald City is thoughtfully curated to provide residents with a well-rounded, comfortable, and convenient living experience in the heart of Toronto.
Maintenance Fees
While the impressive array of amenities enhances the living experience at The Point at Emerald City, prospective residents should also consider the associated maintenance fees. These fees play a significant role in maintaining the building's quality and services, ultimately contributing to the overall value of the property.
At The Point at Emerald City, maintenance fees range from $424 to $681 per month, depending on the unit's size and specifications. These fees typically cover essential services such as:
- Common area maintenance
- Building insurance
- Amenities upkeep
- Contributions to the reserve fund
The variation in fees is primarily attributed to unit size, with larger units generally incurring higher monthly costs. This structure guarantees that residents contribute proportionally to the building's operational expenses based on their unit's square footage.
Homeowners should factor these maintenance fees into their monthly budgets when considering the affordability of living at The Point at Emerald City. While these fees may seem substantial, they play an important role in preserving the building's quality and residents' quality of life.
It's important to note that maintenance fees may adjust over time to accommodate changes in building operational costs and reserve fund requirements. Prospective buyers and current residents should stay informed about any updates to these fees, as they can impact long-term financial planning.
Explore Neighborhood
The Point at Emerald City is nestled in a vibrant neighborhood that offers a unique blend of green spaces, diverse dining options, and excellent public transportation. Residents can enjoy the serene surroundings of nearby parks, such as Forest Manor Park and Parkway Forest Park, which are just a 5-minute walk away. These parks provide ample green space for residents to relax and engage in outdoor activities.
The neighborhood is also a haven for food enthusiasts, with over 15 restaurants available at nearby CF Fairview Mall. From casual fast food to fine dining, the area caters to diverse culinary tastes. Residents can enjoy a memorable dining experience at restaurants like Tim Hortons, McDonald's, Taco Bell, Hero Certified Burgers, New York Fries, and Bourbon Street Grill.
In addition to green spaces and dining options, the neighborhood boasts excellent public transportation. The Don Mills Subway Station and multiple bus routes, including the 85 Sheppard and 25 Don Mills, are within close proximity. This makes it easy for residents to commute to various parts of the city.
Moreover, the area is home to reputable educational facilities, such as St Timothy Catholic School and Forest Manor Public School, making it an ideal location for families with children. Entertainment options abound as well, with Cineplex Cinemas located nearby, providing residents with convenient access to the latest movies and cultural events.
Age Distribution of Residents
The Point at Emerald City features a diverse population, with a mix of young professionals and families drawn to the area's amenities and schools. According to the data, the age distribution skews towards younger residents, with 23% of the population between 20 and 34 years old, and another 17% between 35 and 49 years old. This demographic mix is supported by the presence of educational institutions and parks, as well as community events and recreational activities that foster social interaction among various age groups.
Population
The population in the vicinity of The Point at Emerald City exhibits a diverse age distribution, with a significant proportion of residents being young professionals and families. This age diversity contributes to a vibrant, multi-generational environment, enriched by various amenities and services catering to different life stages.
– Age Distribution Highlights:
- Young Millennials: Approximately 30% of the population falls within the 25 to 34 age range, indicating a strong presence of young professionals.
- Established Professionals and Families: The age group of 35 to 44 years constitutes around 25% of the population, showcasing the appeal of the community to established professionals and young families.
- Retirees and Seniors: Seniors aged 65 and older make up roughly 15% of the population, highlighting the area's suitability for all age demographics.
- Multi-Generational Environment: The community's age distribution supports a vibrant environment with various amenities and services catering to different life stages.
Tenancy and Property Type
The age distribution of residents at The Point at Emerald City reveals a diverse demographic, with a significant proportion of young professionals and families. This mix is reflective of the community-centric design and modern amenities that the property offers. The area attracts a wide range of residents, including students and young professionals who are drawn to the proximity to educational institutions and public transport options.
The tenancy at The Point at Emerald City is characterized by a vibrant community atmosphere, with many young adults in their 20s and 30s, alongside families with children. This dynamic tenant base is fostered by community events and local amenities that encourage engagement and an urban lifestyle. The average rental duration of listings in the area is around 33 days, indicating a fluid tenant turnover and ongoing interest from renters of varying age groups. This diversity contributes to the property's appeal, making it a desirable living space for those seeking a modern and community-oriented environment.
Average Income
The average income of residents in the Emerald City area is $59,200, with a median age of 37.4 years, indicating a diverse demographic profile. This area attracts a mix of young professionals, families, students, and retirees, each contributing to the community's economic profile based on their respective life stages.
– Age Distribution and Income Levels
- 25-34: Young professionals contribute to higher income brackets, influencing the area's economic profile.
- 35-44: Families with children form a substantial demographic, often with dual-income earners, contributing to higher average household incomes.
- Students and Retirees: These groups have income levels corresponding to their life stages, impacting community spending patterns and local services.
- Diverse Economic Base: The overall income levels indicate a thriving urban community, making it appealing for investment and development.
The Emerald City area's diverse income levels reflect a dynamic community with a strong economic base, making it an attractive location for various demographics.
Nearby Schools
Residents of The Point at Emerald City have access to a diverse range of educational institutions, enhancing the community's appeal for families and students. The area is home to several reputable schools, including Woodbine Junior High School and Georges Vanier Secondary School, which cater to various age groups and offer a thorough educational experience. Additionally, the Toronto School of Health and Daycare provides early childhood education options for families with young children, making it an ideal location for those seeking a community that supports educational needs from an early age.
The proximity of Forest Manor Public School further enhances educational accessibility for residents in the community. This school, along with others in the area, emphasizes community engagement and educational excellence, contributing to a family-friendly environment that values learning and development.
Moreover, the presence of local libraries such as the Toronto Public Library – Fairview Library supports the educational needs of the community by offering additional resources and programs. This combination of schools and libraries creates a rich educational landscape that supports students at all levels, from elementary to secondary education, and provides resources for lifelong learning. Overall, The Point at Emerald City's location near these educational institutions makes it an attractive choice for families and students seeking a supportive and enriching environment.
Eco-Friendly Design Features Implemented
Eco-friendly design features are at the forefront of The Point at Emerald City, showcasing innovative construction techniques that prioritize energy efficiency. This focus on sustainability is vital for urban environments, where reducing energy consumption and carbon footprints is paramount.
- Advanced Construction Techniques: The development incorporates cutting-edge construction methods designed to enhance energy efficiency, ensuring a more sustainable living environment for residents.
- Green Roof: The building features a green roof that not only improves insulation but also reduces energy consumption. This design element provides additional outdoor space for residents, enhancing their living experience.
- Energy-Efficient HVAC Systems: The use of fan coil units for climate control contributes to lower utility costs and a reduced carbon footprint, aligning with the project's sustainability goals.
- Environmentally Friendly Materials: Low-VOC paints and finishes are used throughout the project to enhance indoor air quality, ensuring a healthier environment for residents.
The landscaping around The Point at Emerald City emphasizes native plant species, which require less water and maintenance. This approach fosters biodiversity and supports local ecosystems, further enhancing the project's eco-friendly design features. By integrating these sustainable elements, The Point at Emerald City sets a high standard for environmentally conscious urban development.