Mona Lisa Residences stands as a prime example of modern urban living in Toronto's vibrant Yonge and Finch area. This 28-story condominium, completed in 2010, offers a range of units and amenities that cater to diverse lifestyles. While its location and features make it an attractive option for potential residents, there are several factors to take into account when evaluating this property. From maintenance fees to neighborhood demographics, a closer examination of Mona Lisa Residences reveals both its strengths and potential drawbacks, providing essential insights for those contemplating calling this address home.
Key Facts
The towering Mona Lisa Residences stands as a notable addition to North York's skyline. Completed in 2010, this 28-story condominium building is located at 18 Holmes Ave, offering 384 units to its residents. The structure caters to diverse living preferences with suite sizes ranging from 310 to 1247 square feet, accommodating both compact and spacious lifestyles.
Residents of Mona Lisa Residences contribute to the building's upkeep through an average monthly maintenance fee of approximately $524. This fee supports the maintenance of common areas and various amenities, including a gym, pool, concierge service, and security features. These facilities enhance the overall living experience for occupants, providing convenience and comfort within the building premises.
In terms of real estate value, Mona Lisa Residences currently ranks as the 323rd most expensive condominium building in North York. The average price per square foot stands at $1005.62, reflecting its position in the local real estate market. This pricing places the building in a competitive range, balancing desirability with accessibility for potential buyers and investors.
The building's location in North York, coupled with its array of amenities and range of unit sizes, makes it an attractive option for various demographics. Whether catering to young professionals, small families, or those seeking a balance between urban living and comfortable accommodations, Mona Lisa Residences offers a blend of modern conveniences and strategic positioning within the Greater Toronto Area.
Building Overview
Standing tall in the heart of North York, Mona Lisa Residences represents a significant architectural addition to the area's urban landscape. Developed by Great Lands Corp. in 2010, this 28-story condominium building has become a prominent fixture at 18 Holmes Ave, near the bustling Yonge and Finch intersection.
The structure houses a total of 384 units, offering a diverse range of living spaces to accommodate various preferences and needs. Suite sizes span from compact 310 square foot units to spacious 1,247 square foot residences, providing options for singles, couples, and families alike. This variety in unit sizes contributes to the building's appeal among a wide demographic of potential residents.
Mona Lisa Residences has positioned itself as a mid-range option in the North York condominium market. With an average price per square foot of $1,005.62, it ranks as the 323rd most expensive condo building in the area. This pricing strategy makes it an attractive choice for those seeking quality accommodations without the premium associated with luxury developments.
Residents of Mona Lisa Residences can expect to pay an average monthly maintenance fee of approximately $524. This fee covers the upkeep of common areas and the various amenities offered within the building, ensuring a well-maintained living environment for all occupants.
The building's location at 18 Holmes Ave provides residents with easy access to the vibrant Yonge and Finch area, known for its diverse array of shops, restaurants, and public transportation options. This prime positioning enhances the overall appeal of Mona Lisa Residences, making it a desirable choice for those seeking a balance between urban convenience and residential comfort.
Building Amenities
With a focus on enhancing residents' quality of life, Mona Lisa Residences offers an extensive suite of amenities designed to cater to diverse lifestyles and preferences. The building features a well-equipped gym and exercise room, providing residents with convenient access to fitness facilities without leaving the premises. This allows occupants to maintain their health and wellness routines efficiently, regardless of their busy schedules.
For those seeking relaxation and leisure, Mona Lisa Residences boasts a pool and a common rooftop deck. These outdoor spaces offer residents the opportunity to unwind, socialize, and enjoy the fresh air while taking in the surrounding views. The rooftop deck, in particular, serves as an ideal spot for gatherings or simply unwinding after a long day.
The building prioritizes resident comfort and convenience through its dedicated concierge service. This amenity guarantees that occupants have access to assistance with various inquiries and needs, enhancing their overall living experience. Security is also a top priority, with features such as a security guard and an enter phone system in place to maintain controlled access to the building.
Mona Lisa Residences further accommodates residents' needs by offering visitor parking and guest suites. These amenities make it easier for occupants to host friends and family, providing a comfortable space for out-of-town guests without compromising the privacy of their own living quarters. The inclusion of these features demonstrates the building's commitment to creating a well-rounded living environment that addresses both the everyday and occasional needs of its residents.
Maintenance Fees
Maintenance fees play a significant role in the overall cost of living at Mona Lisa Residences. For residents of this prestigious Toronto address, the average monthly maintenance fee is approximately $524. This fee is an important component of the building's operations and management, covering a range of services that contribute to the comfort and convenience of its occupants.
The maintenance fees at Mona Lisa Residences encompass various aspects of building upkeep and services. These typically include the maintenance of common areas, ensuring that shared spaces remain clean, well-maintained, and inviting for all residents. The fees also support the operation of building amenities, which may include fitness centers, lounges, or other shared facilities. Additionally, security services are often covered by these fees, providing residents with peace of mind and a safe living environment.
It's important to note that maintenance fees can vary based on the size and type of unit within the building. Larger units or those with premium features may incur higher fees due to increased use of resources or additional services provided. Prospective residents should factor these fees into their budget when evaluating the overall cost of living at Mona Lisa Residences.
The maintenance fees also typically cover concierge services, which can include package handling, visitor management, and general assistance to residents. In addition, these fees contribute to the ongoing maintenance of building facilities, ensuring that all systems and structures remain in ideal condition.
For those contemplating a move to Mona Lisa Residences, it is vital to take these maintenance fees into account as part of the total housing expenses. While they may seem like an additional cost, these fees are integral to maintaining the high standards and quality of life that the building offers its residents.
Explore Neighborhood
Mona Lisa Residences is situated in the heart of Willowdale East, North York, a vibrant community that offers a diverse range of dining options, including Korean, Japanese, and Chinese restaurants. This culinary diversity enriches the neighborhood's cultural landscape, providing residents with a variety of flavors to explore. Nearby grocery stores such as Hanahreum Mart and Loblaws are conveniently located within walking distance, making daily shopping chores a breeze.
The area also boasts a number of green spaces including Northtown Park and Kenneth Park, which offer residents opportunities for outdoor activities and relaxation. These parks serve as tranquil retreats from the bustling urban environment, enhancing the quality of life for residents. Cultural attractions such as the Gibson House Museum and Ashley Antiques are located within close proximity, adding to the neighborhood's historical significance and providing residents with a glimpse into the past.
One of the key advantages of living in Mona Lisa Residences is its easy access to public transportation. Finch Station is just a 5-minute walk away, ensuring quick and efficient commutes to downtown Toronto. This convenience makes it an ideal location for those who work in the city center but prefer the quieter, more residential atmosphere of North York. Overall, the neighborhood surrounding Mona Lisa Residences offers a balanced mix of amenities, cultural enrichment, and convenience, making it a desirable place to live.
Age Distribution of Residents
The age distribution of residents at Mona Lisa Residences is diverse, with a significant proportion of young professionals and families likely due to the proximity to schools and amenities. Approximately 25% of the population in the surrounding area is aged 25-34, while 20% are children aged 0-14 years, and 15% are seniors aged 65 and older. The average household size in the area is approximately 2.5, suggesting a mix of single professionals and multi-generational families residing within Mona Lisa Residences.
Population
Located in the heart of North York, the area surrounding Mona Lisa Residences is home to approximately 32,007 residents, creating a dynamic and diverse community. This population size contributes to a vibrant atmosphere, with a mix of young professionals and families residing in the area. The demographic profile indicates a growing population with diverse age groups, further enhancing the community's dynamism.
The average age of residents in the North York area tends to be in the mid-30s, reflecting a balanced mix of different age groups. Households in the vicinity average about 2.5 individuals, suggesting a blend of singles, couples, and small families residing in the area. This diverse demographic composition fosters a lively and inclusive community environment.
The community experiences a typical unit turnover with an average ownership duration of 5.1 years, indicating stability among residents. This stability, combined with the area's diverse population, contributes to a welcoming and dynamic community atmosphere around Mona Lisa Residences.
Tenancy and Property Type
The tenancy and property type in the area surrounding Mona Lisa Residences are characterized by a diverse age distribution of residents. The average household size in the neighborhood is around 2.5, indicating a mix of singles, couples, and small families residing in the area. This diversity contributes to a vibrant community dynamic, with a range of age groups and family types.
The average individual income in the vicinity is $57,784, which suggests a varied demographic landscape within the condominium. The competitive rental market, with an average chance of multiple offers on units, reflects high demand among potential tenants. The average ownership duration for units in Mona Lisa Residences is approximately 5.1 years, indicating a relatively stable tenant turnover. This stability, combined with the diverse age distribution and household sizes, makes Mona Lisa Residences an attractive option for a wide range of residents seeking a dynamic and stable living environment.
Average Income
Average Income (Age Distribution of Residents)
The Mona Lisa Residences area is characterized by a diverse age distribution, contributing to a vibrant neighborhood. The average individual income of residents is reported to be $57,784 per year. This figure reflects the affluent nature of the neighborhood, suggesting a relatively prosperous community. The average household size in the community is around 2.5 individuals, indicating a mix of family units and individual residents.
The demographic composition of the area, with approximately 32,007 residents, further supports the notion of a dynamic community. Residents typically experience an average ownership duration of 5.1 years, suggesting stable community engagement. This stability, combined with the diverse age distribution, contributes to the neighborhood's appeal. The average income of residents in the Mona Lisa Residences area underscores the neighborhood's reputation as an affluent and desirable place to live. Overall, the area's income levels and demographic characteristics make it an attractive option for those seeking a vibrant and prosperous community.
Nearby Schools
Education is a cornerstone of a thriving community, and Mona Lisa Residences offers proximity to a variety of educational institutions. Toronto Preparatory Academy, a private school for grades 9-12, is the nearest, located just 0.21 km away. This institution provides a thorough educational environment for high school students.
Toronto High School, another private school serving grades 9-12, is situated 0.28 km from the residences. This school offers a diverse range of academic programs and extracurricular activities.
St Cyril Catholic School is conveniently located 0.31 km away from the property, providing education for grades JK-8. This school offers a nurturing environment for younger students, emphasizing both academic and personal development.
McKee Public School, a public school for grades JK-5, is approximately 0.48 km from Mona Lisa Residences. This school provides a foundational education for elementary students, fostering a strong base for future academic success.
Adding to the educational options in the vicinity is FutureSkills High School, a private institution for grades 9-12, which can be found 0.56 km away. This school focuses on equipping students with the skills necessary for future careers, making it an attractive option for families seeking a forward-thinking educational approach.
The proximity of these schools to Mona Lisa Residences underscores the community's commitment to providing accessible educational opportunities for residents.
Luxury Mid-Rise Condo Development
Mona Lisa Residences is a luxury mid-rise condo development featuring 28 stories and a total of 384 units, with suite sizes ranging from 310 to 1247 square feet. Developed by Great Lands Corp. in 2010, this property offers a blend of comfort, style, and convenience, making it an attractive choice for those seeking a luxurious living experience.
The development boasts modern architectural design and eco-friendly features such as double-glazed windows and Energy Star appliances, enhancing both aesthetic appeal and energy efficiency. Residents of Mona Lisa Residences enjoy a range of amenities, including a gym, pool, common rooftop deck, concierge service, and security features such as a security guard and enter phone system. These amenities guarantee a luxurious living experience for residents, providing them with ample opportunities for relaxation, recreation, and entertainment.
The average price per square foot for units in the Mona Lisa Residences is $548, positioning it as the 31st most expensive condo building in North York. With its prime location in the Willowdale East neighborhood, residents are within walking distance to shopping centers, parks, and transportation options, making it an ideal choice for those who value convenience and accessibility.
