Omega and Opus at 115 McMahon Drive stand as proof of modern luxury living in Toronto's North York. This twin-tower development, completed in 2019, offers residents a blend of sophisticated amenities and prime location. While the complex boasts impressive features like a 24/7 concierge and indoor pool, its true value extends beyond its walls. The surrounding Bayview Village community presents a lifestyle that many urban dwellers seek, with access to fine dining, green spaces, and quality schools. However, as with any high-end property, potential buyers and investors must consider various factors before making a decision.
Key Facts
Located at 115 McMahon Drive in Toronto, Omega and Opus is a modern condominium complex completed in 2019. This impressive development stands 36 storeys tall and houses a total of 740 units, offering a variety of living spaces to suit different needs and preferences.
The property features a range of unit sizes, from compact studios to spacious three-bedroom apartments with dens. This diversity is reflected in the pricing structure, with average condo prices spanning from $500,000 for studio units to $1,250,000 for the larger three-bedroom configurations. For those interested in renting, monthly rates vary between $1,700 and $4,600, depending on the size and layout of the unit.
Omega and Opus boasts a competitive real estate market, with an average listing time of approximately 29 days. This relatively short period on the market indicates strong demand for both rental and purchase opportunities within the building.
Residents of Omega and Opus enjoy access to an array of high-quality amenities designed to enhance their living experience. These include a concierge service for added convenience and security, an indoor pool for year-round swimming, a tennis court for sports enthusiasts, and a rooftop deck and garden offering panoramic views of the city. Additionally, a party room is available for residents to host social gatherings and events.
The combination of prime location, modern design, diverse unit options, and extensive amenities makes Omega and Opus an attractive choice for those seeking contemporary urban living in Toronto.
Building Overview
Omega and Opus stand as twin architectural marvels at 115 McMahon Drive in Toronto, showcasing the innovative vision of developer Concord Adex. Completed in 2019, these high-rise condominium buildings soar to an impressive height of 36 storeys, offering a total of 740 residential units. The structures present a diverse range of living spaces, with suite sizes varying from compact 400-square-foot units to expansive 2,400-square-foot residences, catering to a wide spectrum of lifestyle preferences and needs.
The buildings' design and construction reflect a commitment to modern urban living, with an average price per square foot of approximately $982. This pricing structure translates to rental rates spanning from $1,700 to $4,600 per month, positioning Omega and Opus as attractive options in Toronto's competitive real estate market.
Residents of these twin towers enjoy an array of premium amenities that enhance their quality of life. A concierge service provides convenience and security, while an indoor pool offers year-round recreational opportunities. The inclusion of a tennis court caters to sports enthusiasts, and a rooftop deck and garden provide serene spaces for relaxation and social gatherings. Additionally, a party room serves as an ideal venue for hosting events and celebrations.
The strategic location of Omega and Opus further augments their appeal. Situated in a vibrant neighborhood, residents benefit from easy access to essential amenities such as grocery stores and diverse dining options. The proximity to green spaces also contributes to a balanced urban lifestyle, combining the conveniences of city living with opportunities for outdoor recreation and relaxation.
Building Amenities
The extensive array of amenities at Omega and Opus elevates the living experience for residents, offering a blend of convenience, leisure, and wellness options. At the heart of these offerings is a 24/7 concierge service, ensuring that residents have access to assistance and support whenever needed, day or night.
For those seeking relaxation and recreation, the buildings provide an impressive selection of facilities. An indoor pool offers year-round swimming opportunities, perfect for maintaining fitness or unwinding after a long day. Tennis enthusiasts can enjoy matches on the on-site court, while the rooftop deck and garden provide a serene outdoor space for residents to unwind and take in the views of Toronto's skyline.
Fitness-minded individuals will appreciate the state-of-the-art gym facility, equipped with modern exercise equipment to support various workout routines. This amenity allows residents to maintain their fitness regimen without leaving the comfort of their residential complex.
Social interactions and community building are fostered through several shared spaces. The well-appointed party room serves as an ideal venue for hosting events, celebrations, or gatherings with friends and family. Additional common areas throughout the buildings provide opportunities for residents to socialize, relax, or engage in communal activities, further enhancing the sense of community within Omega and Opus.
These thoughtfully curated amenities not only add value to the living experience but also contribute to a well-rounded lifestyle for residents. By offering a diverse range of facilities within the complex, Omega and Opus cater to various interests and needs, ensuring that residents can enjoy a high quality of life right at home.
Maintenance Fees
Transparency in housing costs is vital for prospective residents of Omega and Opus at 115 McMahon Dr, Toronto. Understanding the maintenance fees associated with these units is critical for accurate budgeting and financial planning. At Omega and Opus, the average maintenance fee is approximately $438 per month, a significant factor to take into account when evaluating overall housing expenses.
These maintenance fees serve multiple purposes, primarily covering common area expenses, amenities, and building management services. This all-encompassing approach guarantees that residents benefit from well-maintained shared spaces and efficient property management. It's important to note that the specific fee amount may vary based on unit size and particular building features, potentially impacting the total monthly cost for individual residents.
Typically, maintenance fees at Omega and Opus include essential utilities such as water and heating. This inclusion can provide some financial predictability for residents, as these costs are already factored into the monthly fee. However, electricity is generally billed separately, requiring residents to account for this additional expense in their budgets.
For potential buyers or renters weighing Omega and Opus, it's vital to factor in these maintenance fees when evaluating the affordability of living in the complex. While the base cost of a unit is important, the ongoing monthly expenses, including maintenance fees, play a significant role in determining the overall financial commitment.
Explore Neighborhood
Located in the heart of North York, the neighborhood around 115 McMahon Dr, Toronto, offers a blend of residential charm and urban convenience. Bayview Village is known for its upscale residential properties, with an average property price of $1,157,266, indicating a high standard of living.
The area is well-served by local amenities, including grocery stores like Loblaws and Pusateri's Fine Foods, which are within a short driving distance. This proximity to essential services enhances the quality of life for residents. Additionally, the neighborhood is home to excellent educational institutions such as Dunlace Public School and Cardinal Carter Academy for the Arts, making it an attractive choice for families seeking quality education.
Residents can enjoy a variety of dining experiences with numerous restaurants nearby, including J&Y Chinese Cuisine and The Keg Steakhouse + Bar. These options cater to diverse culinary preferences and contribute to the vibrant community life. Moreover, the area boasts green spaces like Talara Park and East Don Parkland, which are within walking distance. These parks provide recreational opportunities and outdoor activities, enhancing the overall living experience in Bayview Village. The combination of residential luxury, educational institutions, and local amenities makes Bayview Village a desirable neighborhood for those seeking a balanced and upscale lifestyle.
Age Distribution of Residents
The age distribution of residents in the Omega and Opus condos at 115 McMahon Dr reveals a diverse community. According to the data, 23% of the population falls within the 20-34 age range, indicating a significant presence of young professionals. This demographic mix contributes to the neighborhood's vibrancy and is supported by various amenities and public transit options catering to different life stages.
Population
The age distribution of residents in the area surrounding 115 McMahon Dr, Toronto, reflects a diverse and vibrant community. A significant proportion of residents fall within the 25 to 44 age range, indicating a largely working demographic. This age group is typically characterized by young professionals and families with children, which is further supported by the presence of nearby schools such as Dunlace Public School and Elkhorn Public School.
The senior population, aged 65 and over, constitutes a smaller percentage, suggesting a younger overall community. This demographic trend contributes to a lively atmosphere in the area. The prevalence of young professionals and newlyweds in the community drives the demand for 1+1 and 2-bedroom condos in the Omega and Opus development, reflecting a broader trend toward urban living among this demographic. Overall, the area is home to a dynamic mix of renters and homeowners, spanning various age groups from students to retirees, creating a diverse residential environment.
Tenancy and Property Type
Diversity in tenancy and property types is a hallmark of the Omega and Opus development at 115 McMahon Dr, Toronto. This condominium complex offers a range of unit types, including 1-bedroom, 2-bedroom, and 3-bedroom condos, catering to a diverse demographic of residents. The age of the listed units, which are all 0-5 years old, indicates a modern living environment that appeals to young professionals and families.
The Bayview Village area, where Omega and Opus are located, has an average property price of $1,157,266, suggesting a higher demographic of professionals and affluent residents. A significant portion of homes for sale in the area are apartments, with approximately 25% of listings being apartments. This indicates a strong interest in condo living among younger and urban-oriented residents. The average monthly rent for 1-bedroom units ranges from $2,550 to $2,780, reflecting the demand for rental properties among young professionals and new families. This diversity in tenancy and property types enhances the community's vibrant and dynamic atmosphere.
Average Income
Residents in the Bayview Village area, where Omega and Opus are located, enjoy a relatively high average household income of approximately $105,000. This figure indicates a community with a significant level of financial stability and affluence. The age distribution within the area further supports this observation, with a substantial portion of residents falling between 30 to 50 years old. This demographic trend towards young professionals and families suggests a vibrant and dynamic community.
Notably, the population within the 25 to 34 age range makes up about 20% of the residents, reflecting a community of young adults. Additionally, there is a notable presence of retirees aged 65 and above, comprising roughly 15% of the population. This mix contributes to the area's family-friendly environment. With a median age of around 40 years, the vicinity of 115 McMahon Dr presents a balanced mix of younger and older residents, fostering a diverse and inclusive community. The average household income and age distribution collectively paint a picture of a thriving and economically stable neighborhood.
Nearby Schools
Convenience and accessibility are key considerations for families when choosing a residential area, and the availability of quality educational institutions plays a significant role in this decision. The area surrounding 115 McMahon Dr is particularly appealing for families due to its proximity to several schools. Dunlace Public School and Elkhorn Public School are both within walking distance, providing elementary education options for children in the local community. These schools are part of the Toronto District School Board, ensuring a standardized curriculum and quality education.
Dunlace Public School is located at 20 Dunlace Drive, accessible within a few minutes' walk from 115 McMahon Dr. This school offers an all-encompassing educational program for elementary students, focusing on academic excellence and personal development. Similarly, Elkhorn Public School is another nearby option, enhancing the educational resources available to families in the area.
In addition to these schools, the neighborhood also includes access to other educational institutions such as Harrison Public School and Cardinal Carter Academy for the Arts. This variety of educational options makes the area highly desirable for families seeking convenient and quality education for their children. The proximity to these schools not only simplifies daily routines but also fosters a community environment that values education and the well-being of children.
Luxury Twin Tower Development
The luxury twin tower development at 115 McMahon Dr, known as Omega and Opus, is a notable addition to the North York condo market, featuring a total of 740 units spread across 36 storeys. Completed in 2019, this development offers a range of suite sizes from 400 to 2,400 square feet, catering to various lifestyle needs and preferences.
Residents of Omega and Opus enjoy upscale amenities designed to enhance their living experience. These include:
- Concierge Service: Ensuring convenience and security for all residents.
- Indoor Pool: Perfect for relaxation and fitness.
- Tennis Court: Providing an active lifestyle option for sports enthusiasts.
The average price for condos within the development ranges from $500,000 for studios to $1,250,000 for three-bedroom units with dens, reflecting the luxurious offerings. With an average cost per square foot of $982, Omega and Opus stands as a competitive option within the North York condo market. This development is not only a place to live but also a lifestyle choice, offering a blend of luxury, comfort, and convenience. The variety of amenities and the range of suite sizes make it an attractive option for those seeking a high-quality living environment in North York.
