Platinum Towers XO, standing tall at 18 Spring Garden Ave, is not just another residential building in Toronto's urban landscape; it is a paradigm of modern architecture and community-focused design. As residents navigate the blend of luxurious amenities and strategic location, questions arise about the true value of urban living in such a vibrant locale. What architectural nuances set it apart from its contemporaries, and how do its features reflect the changing dynamics of Toronto's real estate market? A deeper look into these aspects might reveal insights that are both intriguing and essential for prospective residents.
Key Facts
Platinum Towers XO, a prominent residential building in Toronto, offers a compelling urban living experience with its 36-storey structure completed in 2008. The building is strategically located at 18 Spring Garden Ave, consisting of 341 residential units with sizes ranging from 585 to 1585 square feet, catering to a diverse range of lifestyle needs.
The financial aspects of residing in Platinum Towers XO reflect the building's premium status. The average price per square foot is approximately $917.06, with one-bedroom condos priced around $623,000. This pricing positions the building as an attractive option for urban professionals and families seeking a balance of luxury and convenience.
Monthly maintenance fees average $521, encompassing common element maintenance, heat, hydro, and water, ensuring thorough upkeep of the property.
Residents benefit from an array of amenities including a gym, pool, concierge services, party room, guest suites, and security guard services, which enhance the overall living experience.
The building's prime location near the Yonge and Sheppard intersection allows for excellent transit access, being a mere three-minute walk to the Sheppard-Yonge Subway Station, facilitating seamless connectivity across Toronto.
Architectural Design Highlights
With a sleek and contemporary aesthetic, the architectural design of Platinum Towers XO has considerably contributed to its reputation as one of Toronto's admired residential buildings. This towering structure, standing at 36 stories, is notable for its modern architectural styling that seamlessly blends with the dynamic urban landscape of North York.
The building hosts a total of 341 residential units, each meticulously designed to offer a luxurious living experience. The interior design of each suite is an illustration of the building's commitment to high-end living, featuring high-quality finishes and impressive 9-foot ceilings that amplify the sense of space and elegance.
An integral part of the design is the inclusion of balconies for all units, offering residents private outdoor spaces that enhance the urban living experience with panoramic city views.
The strategic location of Platinum Towers XO near the Yonge and Sheppard intersection only further accentuates its architectural prominence. This positioning not only reflects the ethos of modern urban living but also guarantees residents enjoy the convenience of connectivity to the vibrant heart of Toronto.
Platinum Towers XO stands as a paragon of contemporary architectural design, setting a benchmark in luxury urban residential buildings.
Building Amenities
Beyond its architectural allure, the building's numerous amenities greatly enhance the lifestyle offered at Platinum Towers XO. This prestigious residence is designed to cater to a diverse range of leisure and fitness needs, boasting a fully equipped gym and an inviting heated indoor pool.
For those seeking relaxation, a sauna provides an ideal retreat. Residents experience peace of mind with the 24-hour concierge service and a dedicated security guard, ensuring both convenience and safety are paramount.
Social interactions are facilitated by the building's well-appointed party room, perfect for hosting gatherings. Business needs are also met with a dedicated meeting room and a conference room, providing suitable spaces for professional engagements.
Guests visiting the building can be comfortably accommodated in the available guest suites, adding to the convenience of residents.
Unique to Platinum Towers XO, amenities like a bowling alley, card room, and theatre offer residents diverse recreational options. The inclusion of a parking garage addresses the practical needs of vehicle owners.
Collectively, these features contribute to a sophisticated urban lifestyle, underpinned by thoughtful design and extensive service, making Platinum Towers XO a sought-after living destination in Toronto.
Maintenance Fees
Maintenance fees at Platinum Towers XO play a crucial role in sustaining the high standards and extensive services offered to residents. Averaging around $521 per month, these fees are instrumental in covering essential utilities such as heat, hydro, and water, alongside the upkeep of common elements within the building.
These contributions guarantee that amenities like the gym, pool, and concierge services remain in prime condition, providing residents with a comfortable and luxurious living environment.
Furthermore, the maintenance fees are allocated towards security services, which include the presence of on-site security guards, guaranteeing a safe and secure atmosphere for all residents.
The overall maintenance of the building is also supported by these fees, contributing to the continuous enhancement of property quality and value. This is evidenced by the slight year-over-year increase in property values, indicating that the judicious allocation of maintenance fees plays a significant role in the building's appeal and market standing.
It is important for owners to understand that maintenance fees can vary depending on unit size and particular amenities utilized within the building.
Consequently, these fees reflect the diverse needs and preferences of the residents, reinforcing the tailored approach to maintaining this prestigious residence.
Explore Neighborhood
Situated in the heart of Willowdale East, the Platinum Towers XO at 18 Spring Garden Avenue offers its residents an unparalleled quality of life, largely due to its strategic location.
The vibrant intersection of Yonge and Sheppard provides easy access to a variety of dining options, including Ichiban Fish House and Sakura Korean Japanese Restaurant. This eclectic mix of culinary choices caters to diverse tastes, making it a desirable location for food enthusiasts.
In addition to dining options, residents can also enjoy nearby entertainment venues such as Cineplex Cinemas Empress Walk and the North York Centre for Performing Arts, enhancing their cultural experiences.
The area features several green spaces, including Willowdale Park and Spring Garden Parkette, perfect for outdoor activities and relaxation.
With a walk score of 96, the neighborhood offers excellent accessibility to public transit, including a 3-minute walk to the Sheppard-Yonge subway station.
Educational institutions like Cardinal Carter Academy for the Arts and Earl Haig Secondary School are within close proximity, making it a desirable area for families.
The strategic location of the Platinum Towers XO guarantees a balanced and convenient lifestyle for its residents.
Diverse Cultural Backgrounds
The Platinum Towers XO neighborhood is characterized by a diverse community with a population of 32,007, reflecting a variety of cultural backgrounds.
This diversity is further highlighted by the average individual income of $57,784, indicating a mix of socioeconomic statuses among residents.
The presence of local amenities and educational institutions catering to diverse needs underscores the vibrant atmosphere that fosters inclusivity and cultural coexistence.
Population
Platinum Towers XO, located at 18 Spring Garden Avenue in Toronto, is nestled within a diverse community that showcases a rich tapestry of cultural backgrounds and demographic characteristics.
The dissemination area, as defined by Statistics Canada, provides valuable insights into the population's demographics and cultural diversity.
The area surrounding Platinum Towers XO has a population of approximately 32,007 individuals. This sizable population reflects a wide range of economic backgrounds, with an average individual income of $57,784.
The average household size in the vicinity is 2.5 individuals, indicating a mix of family types and living arrangements. This diversity in household types contributes considerably to the neighborhood's cultural vibrancy.
The variety of residents living in the area underscores the dynamic and inclusive environment that Platinum Towers XO residents experience. This blend of backgrounds and lifestyles fosters a community that is rich in cultural exchange and understanding, making it an appealing place to reside.
Tenancy and Property Type
In line with the diverse cultural backgrounds of its surroundings, the residential offerings of Platinum Towers XO at 18 Spring Garden Avenue cater to a wide range of tenancy preferences. The building offers a variety of units that appeal to different family types and living arrangements, reflecting the average household size of 2.5 individuals in the area.
This diversity extends to the economic backgrounds of residents, with an average individual income of $57,784, indicating a mix of financial situations.
The active rental market in Platinum Towers XO further underscores its appeal to diverse tenancies. With 24 units rented in the past year, the building provides a range of options for residents looking for short-term or long-term tenancy.
The competitive market is highlighted by an average sale price of 3.65% above the listed price, attracting residents from various cultural demographics. This diverse tenancy profile contributes to a vibrant community within the building, aligning with the broader demographic diversity of the surrounding dissemination area with a population of 32,007.
The property types available within Platinum Towers XO effectively serve this diverse community, making it an attractive residential option in North York.
Average Income
Situated within a culturally diverse neighborhood, Platinum Towers XO at 18 Spring Garden Avenue is emblematic of the economic diversity that characterizes its surroundings. The average individual income in the dissemination area surrounding Platinum Towers XO is approximately $57,784, reflecting a mixed socioeconomic profile.
The community is further defined by a blend of various household types, with an average household size of 2.5 individuals, indicating a combination of families and singles. This diversity in income levels and household composition contributes to the vibrant community atmosphere that defines the neighborhood.
The economic landscape is characterized by a range of income levels, showcasing the area's inclusivity. Statistics Canada's dissemination area for data collection highlights these demographic trends and cultural diversity among residents.
Nearby Schools
Residents of Platinum Towers XO at 18 Spring Garden Avenue in Toronto can benefit from the proximity to various educational institutions, catering to students of different age groups and interests.
Cardinal Carter Academy for the Arts, a specialized secondary school focusing on arts education, is located just 0.1 km from the building. This school offers a unique opportunity for students interested in arts to excel in their chosen field.
For high school students seeking a strong academic environment, Earl Haig Secondary School is situated 0.64 km from Platinum Towers XO, boasting a rating of 8.2.
Younger students in the community can attend McKee Public School, an elementary school located 1.06 km away. Further options include Hillmount Elementary School, rated 6.14, which is approximately 1.67 km from the development, not 6.14 km as mentioned in the provided facts.
The nearby educational institutions have ratings ranging from 6.7 to 8.9, reflecting a diverse range of quality schools in the vicinity.
This provides residents of Platinum Towers XO with a variety of educational choices, ensuring that students of all ages and interests can access suitable educational facilities.
Community-Focused Design Elements
Community cohesion is at the forefront of Platinum Towers XO's design philosophy. The condominium features 341 residential units and 6 townhouses, carefully planned to foster a sense of community among residents. Shared amenities and spaces such as the Party Room and Meeting Room are designed to encourage social interactions and gatherings, enhancing community engagement and fostering a sense of belonging.
The building's exterior is complemented by its proximity to green spaces like Willowdale Park and Spring Garden Parkette, providing residents with ample opportunities for outdoor community activities and socialization. The 24-hour concierge service adds a layer of security and creates a welcoming environment, contributing to a community-focused atmosphere.
Additionally, Platinum Towers XO's location near local dining options and educational institutions creates a vibrant neighborhood where residents can easily connect with the larger community.
This all-encompassing approach to community-focused design guarantees that residents enjoy not only luxurious living spaces but also a sense of community and social connection, making Platinum Towers XO an ideal place to live.
Conclusion
Platinum Towers XO at 18 Spring Garden Ave exemplifies modern urban living through its strategic location, architectural elegance, and extensive amenities. The development's proximity to Yonge and Sheppard enhances accessibility, fostering a vibrant and diverse community. Offering units with varied sizes, it caters to a wide range of residents. The inclusion of amenities like a gym, heated pool, and 24-hour concierge service underscores a commitment to convenience and comfort, making it a desirable residential choice in Toronto.
