M1 | M2, a modern condominium complex in Toronto, offers an enticing blend of urban living and extensive amenities. Completed in 2010, this 15-storey building houses 467 diverse units, catering to a wide range of residents from first-time buyers to established homeowners. With its strategic location at 1070 Sheppard Ave W, the development provides easy access to dining, shopping, and green spaces. While the average price of $798 per square foot may seem competitive for the area, potential buyers and investors might wonder about the long-term value proposition and how this property stacks up against other options in Toronto's dynamic real estate market.
Key Facts
The M1 | M2 condominium complex at 1070 Sheppard Ave W in Toronto stands as a prominent residential development completed in 2010. This 15-storey building houses 467 residential units, offering a diverse range of living spaces to suit various needs and preferences.
The property boasts an impressive array of suite sizes, spanning from compact 343 square foot units to spacious 1389 square foot residences. This variety caters to a wide spectrum of homebuyers, with one-bedroom suites starting from the mid $200s, making it particularly attractive to first-time buyers entering the property market.
Location is a key selling point for M1 | M2, as evidenced by its robust walk score of 75. This high rating indicates excellent walkability, with residents enjoying easy access to nearby amenities, parks, and public transit options. The convenience factor considerably enhances the appeal of this condominium complex.
Maintenance fees for the condos average between $538 and $567, which translates to approximately $0.74 per square foot. This cost reflects the upkeep of common areas and shared facilities within the building.
The real estate market in the area remains competitive, with the average price per square foot for units sold in the last year hovering around $790. This figure provides potential buyers with a clear indication of the property's value and helps set expectations for those considering a purchase in this desirable Toronto neighborhood.
Building Overview
Standing tall at 15 storeys, the M1 | M2 condominium complex at 1070 Sheppard Ave W in Toronto offers a modern living experience for its residents. Completed in 2010, this development boasts 467 residential units, catering to a diverse range of lifestyles and preferences. The building's suite sizes span from compact 343 square foot units to spacious 1389 square foot residences, providing options for various household configurations.
One of the key attractions of M1 | M2 is its affordability for first-time buyers, with one-bedroom suites starting in the mid $200s. This competitive pricing, coupled with an average price per square foot of $798, positions the complex as an attractive option in the Toronto condo market. Maintenance fees for units vary, with reported examples ranging from $538 to $567 per month, covering the upkeep of the building's extensive amenities.
The condominium complex offers a thorough suite of facilities designed to enhance residents' quality of life. These include a fully-equipped gym for fitness enthusiasts, a pool and sauna for relaxation, and concierge services for added convenience. Social gatherings are facilitated by a party room, while guest suites accommodate visiting friends and family. For entertainment and work needs, the building features a media room and a business centre, respectively. These amenities contribute to a well-rounded living experience, making M1 | M2 a desirable address for those seeking a balance between urban convenience and modern comfort in Toronto's real estate landscape.
Building Amenities
Boasting an impressive array of amenities, M1 | M2 caters to diverse resident needs and preferences. The building's well-equipped fitness center and gym facilities stand out as a cornerstone of the amenities package, providing residents with convenient access to state-of-the-art exercise equipment and spaces. This dedication to health and wellness is further complemented by the presence of a swimming pool, offering a perfect balance between leisure and physical activity.
The concierge services available at M1 | M2 elevate the living experience by assisting residents with various inquiries and needs. This added layer of support enhances both convenience and security, ensuring that residents can easily navigate their day-to-day lives within the community. For those who enjoy entertaining or hosting gatherings, the building offers versatile spaces in the form of a party room and guest suites. These areas provide ideal settings for social events, family get-togethers, or accommodating out-of-town visitors.
Additional amenities at M1 | M2 include a sauna and meeting room, further expanding the range of options available to residents. The sauna offers a tranquil space for relaxation and rejuvenation, while the meeting room serves as a practical solution for business needs or small group activities. These thoughtfully curated amenities collectively create a thorough living environment that supports various aspects of residents' lifestyles, from health and wellness to social interaction and professional requirements. By offering such a diverse range of facilities, M1 | M2 establishes itself as a premier residential destination that prioritizes the comfort, convenience, and overall well-being of its occupants.
Maintenance Fees
Maintenance fees at M1 | M2 condominiums range from $538 to $567, with an average cost of approximately $0.74 per square foot. These fees are vital for supporting the various amenities and services available to residents of the 15-storey building, which houses 467 residential units. The fee structure is designed to cover the overall upkeep and management of the property, guaranteeing that residents can enjoy a comfortable and well-maintained living environment.
The maintenance fees at 1070 Sheppard Ave W encompass a wide range of expenses related to the building's operation and upkeep. These include:
- Common area maintenance and utilities
- Amenities such as the gym, pool, and sauna
- Concierge services
- Building management and administration
Despite a slight decline in property values in the area, with a year-over-year change of -4.0%, the maintenance fees have remained consistent. This stability in fees demonstrates the building management's commitment to maintaining high standards of service and amenities for residents, even in the face of market fluctuations.
The thorough nature of these fees provides residents with peace of mind, knowing that the building's essential services and amenities are being properly maintained and managed. By covering a wide range of expenses, the maintenance fees help to guarantee that the property remains attractive and functional for both current and future residents. This approach to property management contributes to the overall value and appeal of the M1 | M2 condominiums at 1070 Sheppard Ave W, making it an attractive option for those seeking a well-maintained and amenity-rich living environment in Toronto.
Explore Neighborhood
The neighborhood surrounding 1070 Sheppard Ave W offers a highly walkable environment, with a walk score of 75. This means that residents can easily access various amenities and services on foot, making daily errands a breeze. The area is surrounded by lush green spaces, including Banting Park and Downsview Park, which provide residents with recreational opportunities just a short walk away.
Dining options are plentiful in the area, with a variety of restaurants within a 10-minute radius. Residents can enjoy diverse culinary experiences at establishments like The Soup Kettle and Kin Sushi. Grocery shopping is also convenient, with Apirami Supermarket located within a 17-minute walk. Other options like Grocery Outlet and Coves Taste of India are also nearby.
The area is well-connected by public transit, with Sheppard West Station just a 1-minute walk away. This enhances accessibility to the broader Toronto region, making it easy for residents to commute to work, school, or other destinations. The neighborhood's high walkability and excellent public transit options make it an ideal location for those who value convenience and accessibility. Overall, the neighborhood surrounding 1070 Sheppard Ave W offers a highly livable environment with a range of amenities and services within easy reach.
Diverse Cultural Makeup
The M1 | M2 area boasts a diverse population of approximately 19,424 residents, with an average individual income of $62,679, reflecting a mix of socioeconomic backgrounds. This diversity is further underscored by the average household size of 2.5, indicating a community that includes both families and individuals from various cultural backgrounds. The presence of multiple educational institutions and a multicultural culinary scene, featuring dining options like The Soup Kettle and Kin Sushi, contributes to the area's vibrant cultural landscape.
Population
Situated in the heart of North York, the M1 | M2 area boasts a diverse cultural makeup, with approximately 19,424 residents calling this vibrant neighborhood home. This population density contributes to the area's dynamic atmosphere, making it an attractive place for individuals and families alike.
Key population statistics include:
- Population Size: Approximately 19,424 residents.
- Average Individual Income: $62,679, reflecting a varied economic landscape.
- Average Household Size: 2.5, indicating a mix of family types and living arrangements.
- Real Estate Market: Competitive, with a high chance of receiving multiple offers on properties.
The diverse demographic makeup of the M1 | M2 area fosters a vibrant local culture, with a variety of dining and shopping options catering to different tastes and backgrounds. This diversity also contributes to a dynamic community atmosphere, making the area a desirable place to live and work. The population's cultural and economic diversity is a significant factor in the area's appeal and growth.
Tenancy and Property Type
The M1 | M2 condominium complex at 1070 Sheppard Ave W in North York, Toronto, is a prime example of a diverse and culturally rich residential community. With 467 units, the property caters to a wide range of residents, including families, couples, and individuals. The average household size in the area is 2.5, indicating a mix of family units and smaller households.
The condominium complex is strategically located near several educational institutions, both public and private, serving the diverse community. The area boasts a significant population of 19,424, with an average individual income of $62,679, reflecting a range of economic backgrounds. This diversity contributes to the area's cultural fabric, making it a vibrant and inclusive place to live.
The property itself is a condominium, built in 2010, and offers various amenities such as a fitness center, pool, and concierge services. The units range in size from 343 to 1389 square feet, accommodating different needs and preferences. The mix of tenancy types and the property's features enhance the community's cultural diversity, making M1 | M2 a desirable place to reside.
Average Income
The M1 | M2 condominium complex at 1070 Sheppard Ave W in North York, Toronto, is characterized by a diverse and culturally rich residential community, with an average individual income of approximately $62,679. This moderate economic environment is supported by a population of around 19,424 residents, contributing to a diverse cultural makeup with varying income levels.
The average household size in this region is 2.5, indicating a mix of family structures and living arrangements. This diversity is further enhanced by the fact that a significant percentage of residents are likely to have varied cultural backgrounds, adding to the community's diversity and inclusivity.
Key statistics highlighting the average income and related demographics in the M1 | M2 area include:
- Average individual income: $62,679
- Population: 19,424
- Average household size: 2.5
- Average unit ownership duration: 3.8 years
These statistics suggest a dynamic population with both long-term residents and new arrivals contributing to the area's economic landscape.
Nearby Schools
Several educational institutions are conveniently located near 1070 Sheppard Ave W, offering a range of options for families. William Lyon Mackenzie Collegiate Institute, a public school for grades 9-12, is located just 0.48 km from the property. This provides an accessible option for high school students.
For families seeking private education, Blyth Academy Downsview Park is situated approximately 0.84 km away, serving grades 5-12. This institution offers a smaller class size environment and a thorough curriculum.
The Toronto Heschel School, located 1.26 km from the condo, caters to grades JK-8 and provides a private education option with a focus on community and academic excellence. Adelfihas Christian Academy, another private school for grades K-8, is found within 1.29 km of the property, offering a faith-based education.
Additionally, Dublin Heights E & Middle School, a public school for grades JK-8, is approximately 1.55 km from the condo. This school provides a wide range of extracurricular activities and a diverse learning environment.
These schools offer a variety of educational choices for families living at 1070 Sheppard Ave W, ensuring that children can receive a quality education within walking distance or a short drive from home. The proximity of these institutions makes the location highly desirable for families with school-aged children.
Sustainable Design Features Implemented
Sustainable design features play an essential role in the development of 1070 Sheppard Ave W, emphasizing eco-friendliness and energy efficiency. The condo incorporates several environmentally conscious elements to reduce its carbon footprint and promote a sustainable lifestyle for its residents.
- Energy-Efficient Lighting and Appliances: The building utilizes energy-efficient lighting and appliances, considerably reducing overall energy consumption and lowering utility costs for residents.
- Sustainable Building Materials: The construction of the condo employed sustainable building materials, enhancing eco-friendliness and minimizing environmental impact.
- High-Performance Insulation System: A high-performance insulation system is integrated into the building design, enhancing thermal efficiency and minimizing heating and cooling costs.
- Water Conservation Measures: Low-flow plumbing fixtures have been installed to reduce water usage and further promote sustainability.
These sustainable design features not only contribute to a more environmentally friendly living environment but also offer residents the opportunity to live in a building that aligns with modern eco-conscious values. The strategic location near public transit options encourages residents to utilize alternative transportation methods, reducing reliance on personal vehicles and lowering carbon emissions. This holistic approach to sustainability makes 1070 Sheppard Ave W a desirable choice for those seeking an eco-friendly living space.
