Avro Condominiums stands as a representation of modern urban living in Toronto’s York University Heights neighborhood. This 14-story mid-rise complex, completed in 2021, offers residents a blend of contemporary design and practical amenities. With 180 units ranging from cozy studios to spacious multi-bedroom apartments, the building caters to diverse lifestyle needs. While its location provides easy access to public transit and local attractions, there’s more to this development than meets the eye. What sets Avro Condominiums apart from other residential options in the area, and how does it contribute to the evolving landscape of Toronto’s real estate market?
Key Facts
Located in Toronto’s York University Heights, Avro Condominiums stands as a mid-rise residential complex at 10 De Boers Dr. Completed in 2021, this modern development offers 180 units spread across 14 stories, catering to a diverse range of living preferences. The building’s suite sizes vary from 475 to 1131 square feet, providing options for different household needs and lifestyles.
Avro Condominiums distinguishes itself with higher-than-average monthly maintenance fees, approximately $0.92 per square foot compared to the city average of $0.67. This premium reflects the property’s extensive amenities, which include a rooftop deck, gym, party room, and concierge services. These features contribute to an enhanced living experience for residents, justifying the elevated fees.
In terms of property value, Avro Condominiums presents a mixed picture. The average price per square foot stands at $934, positioning it competitively within the Toronto real estate market. However, the property has experienced a year-over-year value change of -6.4%, indicating a recent decline in market valuation. This fluctuation may be attributed to various factors, including broader economic conditions and local real estate trends.
The building’s location in York University Heights offers residents proximity to educational institutions and urban conveniences. As a relatively new development, Avro Condominiums combines modern design with a range of unit sizes to accommodate different resident needs. Prospective buyers and investors should consider the property’s amenities, maintenance costs, and recent market performance when evaluating its potential as a residence or investment opportunity.
Building Overview
Avro Condominiums, a recent addition to Toronto’s skyline, offers a thorough living experience in the York University Heights area. Completed in 2021 by developer Davpart, this mid-rise building stands 14 stories tall and houses 180 units, providing residents with a modern living space in a desirable location.
The building’s architecture incorporates a range of suite sizes to cater to diverse lifestyle needs. Units vary from compact 475-square-foot spaces to more expansive 1,131-square-foot residences, allowing for flexibility in choosing a home that suits individual preferences. This variety in unit sizes contributes to the building’s appeal for a wide spectrum of potential residents.
Maintenance fees at Avro Condominiums average $0.92 per square foot, which is significantly higher than the city-wide average of $0.67 per square foot. While this may indicate a higher level of building amenities or services, it’s an important consideration for prospective buyers and investors.
The real estate market for Avro Condominiums has shown some interesting trends. The average sale price has experienced a year-over-year decrease of 2.24% below the list price, with units selling at an average of $895 per square foot. This pricing data suggests a slight cooling in the market, potentially offering opportunities for buyers.
Listings in the building typically spend around 36 days on the market before selling, indicating a relatively stable turnover rate. This metric suggests a balanced market, where neither buyers nor sellers have a significant advantage in negotiations. The moderate time on market also points to sustained interest in the property, despite the slight dip in sale prices.
Building Amenities
Within the Avro Condominiums, residents enjoy access to an extensive suite of amenities designed to enhance their urban lifestyle. The building offers a well-appointed rooftop deck, providing a perfect space for relaxation and social gatherings with panoramic city views. For those seeking to maintain an active lifestyle, a fully-equipped gym is available on-site, eliminating the need for external gym memberships.
The outdoor patio serves as an additional recreational area, ideal for enjoying fresh air and socializing with neighbors. Avro Condominiums also caters to the needs of pet owners with a designated pet wash area, making it easier to maintain cleanliness after walks or outdoor playtime.
To guarantee convenience and security, the building provides concierge service, assisting residents with various needs and enhancing the overall living experience. Bike storage facilities are available for cycling enthusiasts, promoting eco-friendly transportation options.
For social events and gatherings, residents can take advantage of the party room, perfect for hosting celebrations or community activities. Visitor parking is also provided, accommodating guests and making it easier for residents to entertain.
One of the standout features is the permission to use BBQs, allowing residents to enjoy outdoor cooking and al fresco dining experiences. However, it’s worth noting that the maintenance fees for Avro Condominiums are set at $0.92 per square foot, which is higher than the city average of $0.67. This higher fee reflects the thorough amenities and services provided to residents, guaranteeing a high-quality living environment and potentially offsetting individual costs for similar services elsewhere.
Maintenance Fees
Maintenance fees play a significant role in the overall cost of living at Avro Condominiums. Set at $0.92 per square foot, these fees are particularly higher than the city average of $0.67 per square foot. With 180 units in the building, these fees contribute to the upkeep of shared amenities and services, guaranteeing residents can enjoy a well-maintained living environment.
The monthly maintenance fees at Avro Condominiums cover various aspects of communal living, including:
- Concierge service
- Gym facilities
- Rooftop deck maintenance
- Other shared amenities and services
Residents should be prepared to factor these fees into their monthly housing costs, as they are calculated based on the size of each unit. For example, a larger unit will incur higher maintenance fees compared to a smaller one.
For potential buyers and renters considering Avro Condominiums, it’s essential to evaluate these maintenance fees as part of the total living expenses. While the fees may be higher than the city average, they contribute to the overall quality of life and services provided within the building.
The higher-than-average maintenance fees at Avro Condominiums reflect the extensive range of amenities and services offered to residents. While this may impact the affordability for some, it also guarantees that the building and its facilities are well-maintained and operate smoothly. Prospective residents should carefully consider these fees in relation to their budget and the value they place on the amenities provided when making their decision to live at Avro Condominiums.
Explore Neighborhood
Nestled in the vibrant York University Heights neighborhood, Avro Condominiums offers residents a harmonious blend of urban convenience and natural beauty. This location provides easy access to various public and private schools, making it an ideal choice for families. William Lyon Mackenzie Secondary School, with a rating of 8.4, is among the notable educational institutions in the area.
Residents of Avro Condominiums can enjoy a variety of dining options within walking distance. Popular spots like The Soup Kettle and Kin Sushi are just an 11-minute walk away, catering to diverse culinary preferences. For grocery shopping, the Olympic Nutrition Superstore is a 17-minute walk from the condominiums, along with other local grocery stores such as Grocery Outlet and Coves Taste of India.
The neighborhood also boasts excellent green spaces for outdoor activities and relaxation. Wilson Heights Parkette and Banting Park are within a 10-minute walk, offering residents recreational areas to enjoy. The proximity to these parks enhances the quality of life for residents, providing a peaceful escape from urban life.
Transportation access is another significant advantage of living in Avro Condominiums. The Sheppard Ave West bus stop is nearby, and the Downsview Subway Station is located directly across the road, facilitating easy commutes throughout Toronto. This connectivity makes Avro Condominiums an attractive option for both professionals and students, ensuring a seamless journey to work, school, or leisure activities.
Age Distribution of Residents
The Avro Condominiums in Toronto feature a diverse age distribution, with the majority of residents falling within the 25-44 age range. This demographic is mainly comprised of young professionals, who make up approximately 30% of the residents, contributing to the vibrant community atmosphere. The building also accommodates families with children and seniors, fostering a mixed and inclusive living environment.
Population
The Avro Condominiums in Toronto are situated within a diverse and vibrant community. The population in the dissemination area surrounding Avro Condominiums is approximately 19,424 residents, reflecting a mix of families and single-person households. The average individual income in the area is reported to be around $62,679, indicating a moderate level of economic stability.
Key demographic highlights include:
- Population Size: Approximately 19,424 residents.
- Average Individual Income: $62,679.
- Average Household Size: 2.5 individuals.
- Cultural Diversity: The area embodies various cultural backgrounds and age groups.
This community is actively engaged in local initiatives and educational opportunities, suggesting a dynamic and inclusive environment. The socioeconomic trends in the area support a balanced lifestyle, making Avro Condominiums an attractive choice for residents seeking a blend of convenience and community engagement.
Tenancy and Property Type
Avro Condominiums’ residents exhibit a diverse age distribution, with the condominium having been completed in 2019, not 2021, as previously mentioned. The residents’ age distribution includes 13% aged 0-14, 2% aged 15-19, 20% aged 20-34, 17% aged 35-49, and 23% aged 50-64. This diverse age range contributes to a vibrant community atmosphere, where residents of various age groups can interact and engage with one another.
The average household size in the area is approximately 2.5 individuals, indicating a mix of families and single residents. The population in the dissemination area surrounding the Avro Condominiums is around 19,424, suggesting a robust community presence. The average individual income in the vicinity is approximately $62,679, indicating a range of economic backgrounds among residents. Local demographic trends show a strong interest in community engagement initiatives, fostering connections among residents of various ages, consequently creating a harmonious and inclusive living environment.
Average Income
Residents of Avro Condominiums come from diverse economic backgrounds, as reflected in the average individual income of approximately $62,679 in the surrounding dissemination area. This figure indicates a mix of income levels among residents, supporting a community with varied financial capacities.
Key Financial Indicators:
- Average Individual Income: $62,679
- Average Household Size: 2.5 individuals
- Population in Dissemination Area: 19,424
- Socioeconomic Trends: Growing interest in homeownership among younger residents
The average household size of 2.5 individuals suggests a blend of families and single residents, contributing to the economic diversity of the area. With a population of 19,424, the community is substantial and reflects a diverse demographic. Socioeconomic trends in the area indicate a growing interest in homeownership among younger residents, further enriching the community’s economic profile. Community engagement initiatives are in place to support residents across various age groups, fostering a connected neighborhood.
Nearby Schools
Located in close proximity to Avro Condominiums are several esteemed educational institutions, offering residents a diverse range of academic options. One of the closest schools is William Lyon Mackenzie Secondary School, which boasts a rating of 8.4 and is just 0.31 kilometers away. This secondary school provides high-quality education and is easily accessible for families residing in Avro Condominiums.
For primary education, Dublin Heights Elementary School is a viable option, located approximately 1.4 kilometers from the condominiums and rated 6.9. St. Robert Catholic School, situated 1.64 kilometers away, offers additional educational choices with a rating of 6.4. These schools cater to the diverse needs of families in the area, ensuring that children have access to quality education from an early age.
For students interested in arts-focused education, Cardinal Carter Academy for the Arts is an excellent choice. Located approximately 4.58 kilometers from Avro Condominiums, this academy has a rating of 8.9 and provides a unique educational experience. Additionally, York University is within a 10-minute drive, offering residents opportunities for post-secondary education and access to a diverse academic environment. The proximity of these educational institutions makes Avro Condominiums an attractive option for families and students seeking quality education in Toronto.
Eco-Friendly Design Features Implemented
How do modern residential developments balance luxury living with environmental responsibility? Avro Condominiums, located at 10 De Boers Drive in Toronto, sets a high standard for eco-friendly design features that not only enhance the living experience but also contribute to a sustainable future.
At the heart of Avro Condominiums’ eco-friendly design is a commitment to reducing energy consumption and lowering carbon footprints. The building incorporates energy-efficient systems that minimize the environmental impact while ensuring a comfortable living environment for its residents.
Here are some key eco-friendly design features implemented in Avro Condominiums:
- Energy-Efficient Systems: The condominium is equipped with advanced systems designed to reduce overall energy consumption, thereby lowering the carbon footprint for residents.
- Green Roofs and Outdoor Spaces: These features contribute to improved air quality and biodiversity in the urban environment, enhancing the ecological balance of the area.
- Sustainable Materials: The construction process prioritized the use of sustainable materials, ensuring that the development aligns with eco-friendly building practices.
- Water Conservation Measures: Low-flow fixtures are implemented throughout the units to minimize water usage and promote sustainability.
In addition to these features, Avro Condominiums encourages an eco-friendly mode of transportation among residents by providing dedicated bike storage facilities. This thorough approach to eco-friendly design makes Avro Condominiums a model for sustainable luxury living in Toronto.