Lumina, a modern condominium development at 36 Forest Manor Rd in Toronto, offers an intriguing blend of urban living and community atmosphere. With its 14 storeys housing 254 units, this Elad Canada project presents a range of living spaces to suit various needs. While the building's amenities and prime location near Fairview Mall are certainly appealing, there's more to evaluate when contemplating Lumina as a potential home or investment. From maintenance fees to neighborhood demographics, several factors come into play when gauging the true value and lifestyle offered by this property. Let's explore what sets Lumina apart in Toronto's competitive real estate market.
Key Facts
Lumina stands as a prominent addition to North York's skyline, offering a blend of modern living and urban convenience. This 14-storey high-rise condominium, developed by Elad Canada, is located at 36 Forest Manor Rd in Toronto. With an expected completion date in 2021, Lumina is poised to become a sought-after residential destination.
The building comprises 254 residential units, catering to a variety of living preferences. Suite sizes range from a compact 500 square feet to spacious 1500 square feet layouts, accommodating different household needs. Maintenance fees for these units start at $384, guaranteeing the upkeep of the building and its amenities.
Lumina's average price per square foot is approximately $1026, reflecting a year-over-year decrease of 2.9%. This pricing trend may present opportunities for potential buyers in the current market.
The condominium boasts an array of modern amenities designed to enhance residents' lifestyles. These include an indoor pool, gym, yoga studio, and concierge services, providing comfort and convenience within the building premises.
One of Lumina's key advantages is its strategic location and excellent connectivity. The property is well-served by public transit, with the Don Mills subway station just a 6-minute walk away. For those who prefer driving, easy access to Highway 404 ensures smooth commutes and connectivity to other parts of the city.
Building Overview
Standing tall at 14 storeys, this modern high-rise condominium offers a striking addition to North York's urban landscape. Developed by Elad Canada, Lumina is situated at 36 Forest Manor Rd, Toronto, and is set to be completed in 2021. The building houses 254 residential units, catering to a variety of lifestyle needs with suite sizes ranging from 500 to 1500 square feet.
Lumina's architectural design prioritizes both aesthetics and functionality, providing residents with a contemporary living space. The average price per square foot is approximately $1026, reflecting the property's prime location and high-quality construction. Maintenance fees for the units vary from $384 to $517, depending on the size and specific amenities associated with each unit.
The condominium complex boasts an impressive array of amenities designed to enhance residents' quality of life. These include an indoor pool, a fully-equipped gym, and a yoga studio, promoting a healthy and active lifestyle. Additionally, concierge services are available to assist residents with their daily needs, further elevating the living experience at Lumina.
Strategically located, Lumina offers excellent connectivity to the surrounding area. Residents benefit from easy access to public transit options and major highways, facilitating smooth daily commutes. The proximity to Fairview Mall and other shopping centers ensures that everyday conveniences are within reach. This combination of on-site amenities and strategic location makes Lumina an attractive option for those seeking a balanced urban lifestyle in North York.
Building Amenities
Beyond its impressive architectural design, Lumina offers an extensive array of amenities that cater to diverse lifestyle needs. The building boasts a modern gym equipped for fitness enthusiasts, providing residents with convenient access to state-of-the-art exercise facilities. For those seeking outdoor relaxation and breathtaking views, the rooftop terrace serves as an ideal retreat, offering a scenic outdoor space for residents to unwind and socialize.
Community engagement is fostered through the inclusion of an event room, perfect for hosting gatherings and functions. This versatile space allows residents to come together for various occasions, strengthening the sense of community within the building. Additionally, Lumina features a guest suite, accommodating visitors for short-term stays without compromising the privacy of permanent residents.
The building's amenities extend to include a lounge area designed for relaxation and casual interactions among neighbors. This comfortable space provides an ideal setting for residents to socialize and build connections within their community. Lumina's commitment to resident comfort and convenience is further demonstrated by its 24-hour concierge service, ensuring assistance is always available.
Key amenities at Lumina include:
- Modern gym equipped for fitness enthusiasts
- Rooftop terrace with scenic views
- Event room for gatherings and functions
- Guest suite for visitor accommodations
- Indoor swimming pool for leisure and fitness
These thoughtfully curated amenities contribute to an elevated living experience at Lumina, combining comfort, convenience, and community engagement. The indoor swimming pool adds another dimension to the building's fitness offerings, providing residents with year-round access to aquatic activities for both leisure and exercise purposes.
Maintenance Fees
An essential consideration for potential residents of Lumina is the structure of maintenance fees. At this condominium complex located at 36 Forest Manor Rd, Toronto, these fees range from $384 to $517 per month, varying based on the size of the suite and included amenities. This pricing structure allows for flexibility to accommodate different unit types within the building.
The average maintenance fee at Lumina is $0.79 per square foot, which is marginally higher than the neighborhood average of $0.78. While this slight increase may seem negligible, it's important for prospective buyers or renters to factor this into their overall budget calculations.
These monthly fees serve multiple purposes in maintaining the quality and functionality of the condominium. They typically cover common area maintenance, guaranteeing that shared spaces remain clean, well-maintained, and appealing to residents and visitors alike. Additionally, the fees contribute to the building's insurance costs, providing a layer of financial protection for the property as a whole.
Residents benefit from the inclusion of amenities in these fees, such as access to the gym and indoor pool. This bundled approach can offer value for those who frequently use these facilities, as it eliminates the need for separate gym memberships or pool access fees.
Understanding the breakdown and purpose of these maintenance fees is vital for anyone considering Lumina as their potential home. By factoring in these monthly expenses, prospective residents can make informed decisions about their long-term financial commitments and guarantee that living at Lumina aligns with their budget and lifestyle expectations.
Explore Neighborhood
The Henry Farm neighborhood, where Lumina condos are situated at 36 Forest Manor Rd, offers a blend of convenience and accessibility. With a Walk Score of 70, residents can easily access nearby amenities and transit options, enhancing their overall lifestyle.
- Fairview Mall: Just a 6-minute walk from Lumina, Fairview Mall provides a variety of shopping and dining options.
- Grocery Stores: Multiple grocery stores such as FreshCo and Foodland are within walking distance, catering to essential shopping needs.
- Parkway Forest Park and Manor Park: These nearby green spaces offer ample opportunities for outdoor activities and recreation.
- Public Transit: The Don Mills subway station is only a 6-minute walk away, connecting residents to downtown Toronto and other areas via the Line 4 subway.
- Community Amenities: The area is well-equipped with amenities like schools, pharmacies, and local restaurants, ensuring a thorough living experience.
Age Distribution of Residents
The age distribution of residents in the Lumina condos at 36 Forest Manor Rd is characterized by a diverse community, with a significant presence of young professionals and families. According to Statistics Canada, individuals aged 20-34 comprise 23% of the population, while those aged 35-49 make up 17%. This mix of younger and established professionals contributes to a varied age distribution within the building.
Population
The Lumina condominium complex at 36 Forest Manor Rd, Toronto, is nestled within a dissemination area housing approximately 9,098 residents. This population size contributes to a vibrant community atmosphere, with a mix of young professionals, families, and retirees.
- The average individual income in the area is $56,893, reflecting a diverse economic demographic.
- The average household size is 2.5, indicating that the area accommodates both singles and families.
- Residents typically own their units for an average of 4.5 years, suggesting stability and satisfaction within the community.
- The general age distribution in the area is varied, including young professionals, families, and retirees.
- The community's diverse demographics and stable residency patterns contribute to a dynamic and cohesive neighborhood environment.
These statistics highlight the Lumina condominium complex's role in a thriving community, offering residents a balanced and fulfilling living experience.
Tenancy and Property Type
Lumina Condos' diverse age distribution of residents is a key factor in its appeal, supported by a Walk Score of 70, which enhances its attractiveness to both young singles and families. This diversity is reflected in the average household size of 2.5, indicating a mix of couples, small families, and individuals residing in the condos. The local population's median income of $56,893 further suggests a demographic that includes working professionals and families.
The appeal of Lumina Condos to young professionals is heightened by its proximity to public transit, with the Don Mills subway station just a short walk away. This proximity enhances the convenience and accessibility of the area, making it an attractive choice for tenants who value ease of transportation. The high demand for rental properties in the area, with 56 units rented in the past year, underscores the vibrant community of varying ages and lifestyles that Lumina Condos supports. This blend of residents contributes to a dynamic and inclusive living environment.
Average Income
Characterized by a diverse age distribution of residents, Lumina Condos at 36 Forest Manor Rd, Toronto, supports a vibrant community that appeals to both young singles and families. This demographic diversity is underpinned by an average household size of three residents, suggesting a mix of families and individuals. The area's population of approximately 9,098 contributes to a diverse community with a stable living environment, as residents typically own their units for an average of 4.5 years.
- Average Individual Income: The average individual income in the dissemination area surrounding Lumina is reported to be $56,893 annually.
- Average Household Size: The demographic profile indicates an average household size of 2.5 residents, suggesting a mix of families and individuals.
- Population: The population in the area is approximately 9,098, contributing to a diverse community.
- Tenure: Residents typically own their units for an average of 4.5 years, indicating a stable living environment.
- Age Distribution: The age distribution of residents reflects a community that appeals to both young singles and families, supported by a Walk Score of 70.
Nearby Schools
Located in a prime area of Toronto, the vicinity of Lumina at 36 Forest Manor Road offers an array of educational institutions, catering to diverse needs and age groups. Families with young children will appreciate the proximity of Forest Manor Public School, which is just 0.2 km away and serves grades JK-6.
St Timothy Catholic School is another nearby option, situated 0.65 km from Lumina and accommodating students from JK-8. For those seeking private education, North Toronto Christian School is approximately 0.68 km away, offering a thorough curriculum for grades JK-12. Additionally, Elite Academic School, a private high school for grades 9-12, is located about 1.0 km from the condo.
In total, there are 10 schools within a 1 km radius of Lumina, providing a range of educational options for families in the area. This concentration of schools guarantees that residents have access to various educational pathways, from public to private and from elementary to high school levels. The proximity of these institutions makes Lumina an attractive choice for families prioritizing educational opportunities. The diversity of schools in the area supports the educational needs of a wide range of students, enhancing the overall living experience for families at Lumina.
Vibrant Emerald City Community
The Emerald City community, centered around 36 Forest Manor Rd, is a vibrant and dynamic neighborhood that offers a diverse range of amenities and attractions. With a Walk Score of 70, the neighborhood is ideal for young singles and families, providing convenient access to shopping, dining, and entertainment options within walking distance.
- Grocery Stores: FreshCo and other local grocery stores are nearby for convenient shopping.
- Recreational Spaces: Parkway Forest Park and the Parkway Forest Community Centre provide ample opportunities for recreation and leisure.
- Public Transit: The Don Mills subway station is just a 6-minute walk away, and major highways like the 404 and 401 are easily accessible.
- Nearby Attractions: Fairview Mall, Cineplex Cinemas, and local cafes enhance the overall living experience in Emerald City.
- Demographics: The average individual income in the area is approximately $56,893, reflecting a diverse demographic that includes professionals and families.
The community's proximity to public transit and major highways makes it an attractive option for those who value convenience and accessibility. The mix of recreational spaces, shopping centers, and dining options creates a vibrant lifestyle that caters to various interests and needs.
