Mona Lisa Residences stands as a demonstration of modern urban living in Toronto's North York neighborhood. This 28-story boutique mid-rise condo, completed in 2010, offers a blend of comfort and convenience that appeals to a diverse range of residents. With its strategic location and array of amenities, the property has garnered attention from both families and young professionals. However, as with any urban development, questions arise about its long-term value, impact on the local community, and ability to meet the evolving needs of its residents. Let's explore what makes Mona Lisa Residences a significant addition to Toronto's real estate landscape.
Key Facts
Five key facts define the Mona Lisa Residences in Toronto. Located at 18 Holmes Ave, this 28-story high-rise was completed in 2010 and offers 384 units to its residents. The building's suite sizes range from compact 310 square foot units to spacious 1,247 square foot apartments, catering to various living preferences and needs.
The average price per square foot at Mona Lisa Residences is approximately $1,005, reflecting the property's value in Toronto's real estate market. Residents pay monthly maintenance fees of $524, which cover essential services such as air conditioning, heat, water, and building insurance. This all-inclusive fee structure guarantees that residents can enjoy a comfortable living environment without worrying about separate utility bills.
Mona Lisa Residences boasts an array of amenities that enhance the quality of life for its occupants. These include a fully-equipped gym, a swimming pool, a rooftop deck for relaxation and socializing, concierge services for added convenience, and visitor parking for guests. These features contribute to a luxurious and comfortable living experience within the building.
The property's location is another significant advantage. Situated in a vibrant neighborhood, Mona Lisa Residences offers easy access to public transportation, grocery stores, restaurants, and parks. This prime location combines the benefits of urban living with proximity to essential services and recreational spaces, making it an attractive option for those seeking a balanced lifestyle in Toronto's bustling cityscape.
Building Overview
Mona Lisa Residences stands as a prominent fixture in Toronto's skyline, offering an all-inclusive living experience for its residents. Completed in 2010, this 28-floor high-rise building boasts 384 condominium units, catering to a diverse range of living preferences and needs.
The building's architectural design accommodates a variety of suite sizes, ranging from compact 310 square foot units to spacious 1,247 square foot residences. This range guarantees that Mona Lisa Residences can meet the requirements of different lifestyles, from single professionals to growing families. With an average price per square foot of approximately $1,005, the property offers competitive value in Toronto's real estate market.
Residents of Mona Lisa Residences enjoy a thorough array of amenities designed to enhance their quality of life. The building features a well-equipped gym for fitness enthusiasts, a swimming pool for relaxation and exercise, and a common rooftop deck that provides stunning views of the city. Additionally, the property offers guest suites for visiting friends and family, adding convenience for residents who enjoy entertaining.
A dedicated concierge service guarantees that residents receive prompt assistance and support, contributing to a seamless living experience. The building's management is overseen by Percel Inc., a professional property management company that maintains the high standards of the residential community.
With an average monthly maintenance fee of $524, residents can expect well-maintained common areas and efficient building operations. This fee covers the upkeep of shared amenities and contributes to the overall value proposition of living at Mona Lisa Residences, making it an attractive option for those seeking a modern, full-service condominium experience in Toronto.
Building Amenities
Residents of Mona Lisa Residences enjoy access to an extensive suite of amenities designed to enhance their lifestyle and comfort. The building offers a well-equipped Gym/Exercise Room, allowing residents to maintain their fitness routines without the need for an external gym membership. This on-site facility provides convenience and promotes a healthy lifestyle within the community.
For those seeking relaxation and leisure, the Mona Lisa Residences features an on-site Pool. This amenity offers a revitalizing retreat for residents to unwind, exercise, or simply enjoy a leisurely swim. The pool area provides a perfect balance between fitness and recreation within the building premises.
One of the standout features of the Mona Lisa Residences is the Common Rooftop Deck. This shared space offers stunning views of the surrounding area, creating an ideal setting for relaxation or social gatherings. Residents can take advantage of this elevated outdoor area to enjoy fresh air, socialize with neighbors, or host small events.
The building's Concierge service adds an extra layer of convenience and security for residents. Available around the clock, the concierge assists with various needs, from package reception to general inquiries, ensuring a smooth and comfortable living experience.
To accommodate visitors, the Mona Lisa Residences provides both Visitor Parking and Guest Suites. These amenities offer convenience and comfort for residents' guests, allowing for seamless hosting of out-of-town family and friends. The guest suites, in particular, provide a private and comfortable space for visitors, enhancing the overall hospitality experience within the building.
Maintenance Fees
While the amenities at Mona Lisa Residences contribute greatly to the quality of life for its occupants, understanding the associated costs is equally important. The monthly maintenance fee for units at Mona Lisa Residences is set at $524, which covers a thorough range of essential services and amenities.
This fee structure is designed to provide residents with a worry-free living experience by including costs for essential utilities such as air conditioning, heating, and water. Additionally, the fee covers building insurance, ensuring that residents are protected against unforeseen circumstances.
The maintenance fee also plays a significant role in the upkeep of the building's various amenities. Residents can enjoy access to facilities such as the gym, pool, and rooftop deck, knowing that their monthly contribution supports the ongoing maintenance and improvement of these shared spaces.
Security is another key aspect covered by the maintenance fee. Residents benefit from features like a dedicated security guard and an enter phone system, enhancing the overall safety and peace of mind within the property.
It's worth noting that the maintenance fee structure at Mona Lisa Residences is reflective of the property's value. With an average price per square foot of approximately $1,005, the monthly fee of $524 represents a reasonable investment in maintaining the building's high standards and preserving property values.
Explore Neighborhood
Nestled in the heart of North York, the neighborhood surrounding Mona Lisa Residences offers a vibrant and convenient living environment. Located in Willowdale East, just a short walk from the bustling Yonge and Finch intersection, residents enjoy easy access to a variety of shopping and dining options. The neighborhood's diverse culinary scene features nearby restaurants like Pizza Shab and North Stars Bar and Grill, as well as grocery shopping at Hanahreum Mart, only a 3-minute walk away.
The area is also well-suited for families and individuals seeking green spaces for recreation and relaxation. Local parks such as Northtown Park, Kenneth Park, and McKee Parkette are within walking distance, providing ample opportunities for outdoor activities. Additionally, the neighborhood is well-connected by public transportation, with Finch Station just a 5-minute walk away. This allows for direct subway access to downtown Toronto, making it an ideal location for commuters.
Educational institutions, including McKee Public School and various private schools, are also within walking distance, making the neighborhood family-friendly. Overall, the neighborhood surrounding Mona Lisa Residences offers a perfect blend of convenience, amenities, and natural spaces, making it an attractive choice for residents seeking a vibrant and connected living environment.
Diverse Cultural Community Snapshot
The Mona Lisa Residences are situated in Willowdale East, a culturally diverse area with a population of approximately 32,007 residents from various backgrounds. This diversity is reflected in the local culinary scene, with nearby dining options such as Koreatown North and Japanese restaurants, as well as grocery stores like Hanahreum Mart catering to diverse dietary preferences. The community's cultural fabric is further enhanced by educational institutions like the Toronto Preparatory Academy and TFS, serving a diverse student body and fostering a close-knit atmosphere.
Population
Mona Lisa Residences is situated in the heart of Willowdale East, a neighborhood that boasts a diverse cultural community. The population of Willowdale East is approximately 50,434 residents, showcasing a vibrant and multicultural demographic. This community is characterized by a mix of income levels, with an average individual income of $57,784, reflecting the economic diversity among its residents.
The typical household size in the neighborhood ranges from 2 to 4 people, indicating a family-oriented living arrangement. This diversity is further highlighted by the variety of dining options available, including Korean, Japanese, and Chinese cuisines, catering to the tastes of its multicultural residents. The community engages in local events and activities throughout the year, fostering a close-knit atmosphere and encouraging resident interaction. The rich cultural tapestry of Willowdale East makes it an attractive place to live, offering a blend of urban amenities and community spirit that enhances the living experience at Mona Lisa Residences.
Tenancy and Property Type
Living in the heart of Willowdale East, residents of Mona Lisa Residences experience a diverse cultural community that is reflected in the tenancy and property types available. The area is home to a mix of residents, including families and young professionals, with an average household size of 2-4 people. This diversity contributes to a vibrant neighborhood atmosphere, enriched by a variety of dining options such as Korean, Japanese, and Chinese cuisines.
Mona Lisa Residences accommodates this diverse population with a range of property types. The building features 384 one and two-bedroom suites, including 74 townhomes, each designed with expansive windows that enhance the overall aesthetic of timeless elegance. The property supports a family-friendly environment, with local educational institutions such as Toronto Preparatory Academy and Nobel Academy nearby. The high walk score of the area guarantees easy access to amenities like grocery stores, parks, and public transportation, enhancing the livability for residents.
Average Income
Residential areas like Willowdale East, where Mona Lisa Residences is situated, offer a unique blend of cultural diversity and economic variety. The neighborhood boasts an average individual income of approximately $57,784, reflecting a competitive real estate market that attracts a variety of income levels. This economic landscape contributes to a vibrant and diverse cultural community, with a local population of around 32,007 residents.
The demographic diversity of Willowdale East fosters a rich culinary scene and cultural events, enhancing the overall livability of the area. Household sizes in the neighborhood typically range from 2 to 4 people, indicating a mix of family types and living arrangements. This diversity is a key factor in the area's appeal, making it an attractive choice for residents seeking a dynamic and inclusive community. The average income in the area supports a range of lifestyles, from young professionals to families, contributing to the neighborhood's vibrant and eclectic atmosphere.
Nearby Schools
The Mona Lisa Residences in Toronto are conveniently located near several educational institutions, offering residents a range of options for their children's education. This proximity to schools is a significant advantage for families, ensuring that their children have access to quality education within walking distance.
Nearby Schools:
- Toronto Preparatory Academy: Located just 0.21 km away, this private school serves grades 9-12, providing a thorough education for high school students.
- Toronto High School: Situated 0.28 km from the residences, this private institution also caters to grades 9-12, offering a well-rounded curriculum.
- TFS: Only 0.28 km away, TFS is a private school that offers education from nursery through grade 12, providing a continuous learning environment for children of all ages.
These schools are all within a short walking distance, making it easy for students to commute to and from school. This convenience is particularly beneficial for working parents who need to balance their professional responsibilities with their children's educational needs. The close proximity of these educational institutions adds to the appeal of Mona Lisa Residences, making it an attractive choice for families seeking a well-rounded living environment.
Boutique Mid-Rise Condo Building
The Mona Lisa Residences stand out as a boutique mid-rise condo building in Toronto, showcasing a blend of comfort, style, and convenience. Completed in 2010, this 28-story building is home to 384 units, ranging from 310 sqft to 1247 sqft. The average price per square foot for condos in the building is approximately $1,005, with recent sales averaging around $1,006 per square foot.
Residents of the Mona Lisa Residences enjoy a broad range of amenities designed to enhance their living experience. The building features a gym/exercise room, a pool, and a common rooftop deck, providing ample opportunities for recreation and relaxation. Additionally, concierge services and a security guard guarantee a secure and welcoming environment. The enter phone system further enhances the security measures, providing residents with peace of mind.
Located in the heart of Willowdale East, the Mona Lisa Residences offer unparalleled access to public transportation options, making it easy to navigate the city. The building is also within walking distance to local grocery stores, restaurants, and parks, guaranteeing that residents have all the necessities at their doorstep. With monthly maintenance fees set at $524, residents can enjoy a range of essential services, including air conditioning, heat, water, and building insurance, all conveniently included in their fees.
