Sonic, a modern condominium at 2 Sonic Way in Toronto, stands as a representation of contemporary urban living. Completed in 2020, this 31-story development offers 655 luxurious units and an array of impressive amenities. Its strategic location in the Flemingdon Park neighborhood, coupled with its diverse resident demographics, presents an intriguing case study in urban development and community dynamics. As we explore the key features of this property and its surroundings, we'll uncover how Sonic exemplifies the evolving landscape of Toronto's residential real estate market and the factors that contribute to its appeal.
Key Facts
Boasting a prime location in Toronto's Flemingdon Park neighborhood, 2 Sonic Way stands as a modern condominium development featuring 655 units across 31 stories. This impressive structure offers residents a thorough range of amenities designed to enhance their living experience. Among these are a spacious 25,000 sq ft outdoor terrace, providing ample space for relaxation and social gatherings, a well-equipped fitness center for health-conscious residents, and versatile party rooms for hosting events. The building also guarantees round-the-clock security and assistance with its 24-hour concierge services.
The property's market position reflects its desirability, with current lease prices ranging from $2,200 to $2,700. For those looking to purchase, sale prices span from $634,999 to $699,900. The average price per square foot at 2 Sonic Way is approximately $917, although it's worth noting a slight year-over-year decrease of 3.8% in condo values.
One of the key advantages of 2 Sonic Way is its strategic location near major transit options. Residents benefit from proximity to the future Crosstown LRT and existing TTC services, facilitating convenient access to downtown Toronto and other areas of the city. This connectivity enhances the property's appeal for both urban professionals and families seeking a balance between city living and accessibility.
Building Overview
At the heart of Toronto's Flemingdon Park neighborhood, 2 Sonic Way emerges as a striking 31-story condominium development, completed in 2020 by Lindvest Properties Limited. This modern residential complex houses 655 units, offering a diverse range of living spaces to suit various lifestyles and preferences. The suites vary in size from compact 339 square foot units to spacious 1720 square foot residences, catering to singles, couples, and families alike.
The building's design prioritizes both aesthetics and functionality, incorporating contemporary elements that enhance the living experience. Each unit features:
- Luxury laminate flooring for durability and style
- Stainless steel appliances in the kitchen for a sleek, modern look
- Quartz countertops that combine elegance with practicality
- Large windows that provide ample natural light and city views
Residents of 2 Sonic Way enjoy access to an impressive array of amenities designed to promote comfort, convenience, and community. The centerpiece is a sprawling 25,000 square foot outdoor terrace, perfect for relaxation and social gatherings. Additional facilities include a well-equipped fitness center for health-conscious residents and versatile party rooms for hosting events. The property also provides 24-hour concierge services, ensuring round-the-clock assistance and security for its occupants.
Strategically located, 2 Sonic Way offers excellent connectivity to the city. The development is situated near major transit routes, including the future Crosstown LRT, facilitating easy commutes and exploration of Toronto. Residents also benefit from proximity to local parks and shopping options, further enhancing the appeal of this thoughtfully designed urban living space.
Building Amenities
The extensive amenities at 2 Sonic Way elevate the living experience for residents, offering a blend of leisure, fitness, and social spaces. Spanning an impressive 25,000 square feet, the amenity package is designed to cater to various lifestyle needs and preferences.
One of the standout features is the outdoor terrace, complete with BBQs and cabanas. This space provides an ideal setting for relaxation and social gatherings, allowing residents to enjoy the fresh air and scenic views while entertaining friends or simply unwinding after a long day.
For fitness enthusiasts, the state-of-the-art fitness center is equipped with the latest exercise machines and equipment. This facility promotes a healthy lifestyle by offering convenient access to top-quality workout options without leaving the building.
The property also boasts attractive social spaces, including party rooms, meeting rooms, and guest suites. These areas are thoughtfully designed to accommodate various gatherings and events, fostering a sense of community among residents and providing versatile spaces for both personal and professional use.
Adding to the convenience and security of the building is the 24-hour concierge service. This amenity guarantees that residents have assistance available round the clock, enhancing the overall living experience and providing peace of mind.
Lastly, the inclusion of visitor parking demonstrates the property's commitment to creating a welcoming environment for guests. This feature not only adds convenience for residents expecting visitors but also encourages social interactions within the community.
Maintenance Fees
Residents of 2 Sonic Way benefit from thorough monthly maintenance fees that cover essential services and contribute to the upkeep of the building's extensive amenities. These fees encompass a range of vital elements, including common area maintenance, building insurance, and water costs for all units. The all-encompassing nature of these fees reflects the high-quality living experience provided at 2 Sonic Way, ensuring that shared spaces and facilities are well-maintained and readily available for residents' use.
The average maintenance fee per unit at 2 Sonic Way is carefully calculated to support the management and upkeep of the building's impressive 25,000 square feet of amenities. These include:
- A state-of-the-art fitness center
- A versatile party room for social gatherings
- Outdoor terraces for relaxation and entertainment
- Professional concierge services
These amenities greatly enhance the overall living experience at 2 Sonic Way, justifying the maintenance fees required to keep them in ideal condition. The fees play a vital role in preserving the building's high standards and ensuring that all shared spaces remain inviting and functional for residents.
When considering a move to 2 Sonic Way, prospective residents are advised to factor in these maintenance fees as part of their overall housing costs. While they may represent an additional expense, the fees provide value by covering essential services and maintaining the building's extensive amenities. This approach allows residents to enjoy a worry-free living experience, knowing that the building's upkeep and shared facilities are professionally managed and maintained to the highest standards.
Explore Neighborhood
Flemingdon Park, the vibrant neighborhood surrounding 2 Sonic Way, offers a unique blend of multicultural demographics and a diverse community atmosphere. This urban neighborhood in Toronto is known for its strong accessibility, boasting a Walk Score of 84/100 and a Bike Score of 72/100. Residents can easily access nearby amenities and public transport, making it an ideal location for those who value convenience.
The neighborhood is well-serviced by public transit, with a TTC bus stop nearby and close proximity to major highways like the Don Valley Parkway and Highway 401. This makes commuting to other parts of the city or accessing nearby attractions such as the Shops at Don Mills, Ontario Science Centre, and Aga Khan Museum a breeze.
Flemingdon Park also offers numerous local parks and green spaces, including Ferrand Drive Park and Flemingdon Park, which provide opportunities for outdoor activities and recreation. The neighborhood's diverse community atmosphere is further enhanced by its multicultural demographics, making it a welcoming place for residents from various backgrounds.
Age Distribution of Residents
The age distribution of residents in Flemingdon Park, where 2 Sonic Way is located, reflects a diverse community. Approximately 25% of the population is under the age of 18, while around 30% are between 25 to 44 years old, indicating a presence of families and young professionals. The neighborhood also caters to older adults, with about 20% of residents aged 45 to 64 and roughly 15% aged 65 and older.
Population
Frequently, areas with diverse demographics exhibit a unique blend of age groups. The Flemingdon Park area, where 2 Sonic Way is located, is a prime example of this demographic diversity. The population in this area is characterized by a mix of young professionals and families, contributing to a vibrant neighborhood atmosphere.
– Key Age Distribution Percentages:
- Youth (25-34 years): 25% of the residents fall within this age range, indicating a youthful population attracted to urban living.
- Young Families and Professionals (35-44 years): Approximately 20% of the population is within this age range, suggesting a stable demographic.
- Seniors (65 and older): About 15% of the population, reflecting the area's appeal to retirees seeking modern amenities.
- Overall Balance: The population exhibits a balanced age distribution, enhancing community engagement and contributing to a vibrant neighborhood atmosphere.
This diverse age distribution not only contributes to the dynamic nature of the community but also supports a variety of local businesses and services catering to different age groups. The blend of young professionals, families, and seniors creates a multifaceted community that is both vibrant and inclusive.
Tenancy and Property Type
Located in the heart of Toronto, 2 Sonic Way offers a unique blend of tenancy and property types, reflecting the diverse age distribution of its residents. The community primarily consists of young professionals and families, making it an attractive option for first-time buyers and downsizers seeking modern amenities. A significant number of tenants are likely to be in the 25-34 age range, drawn to the urban lifestyle and proximity to transit options that cater to younger demographics.
Families with children may also be represented, although the limited availability of nearby educational institutions could influence their housing decisions. The vibrant atmosphere and accessibility to local amenities at 2 Sonic Way cater to a diverse range of residents, including singles and couples. Overall, the demographic profile suggests a blend of young professionals, small families, and investors drawn to the attractive urban living environment. This mix contributes to a dynamic community that supports a variety of lifestyles and preferences.
Average Income
The average household income around 2 Sonic Way, Toronto, is approximately $83,000, reflecting the broader North York area's median household income of around $82,000. This income level is indicative of the area's dynamic economic activity, largely driven by a significant population of young professionals aged 25 to 34 years. These individuals contribute to the neighborhood's economic importance through their active participation in the workforce.
Key highlights of the demographic characteristics around 2 Sonic Way include:
- Median Household Income: Approximately $83,000, aligning with the broader North York area.
- Age Distribution: A significant population of young professionals aged 25 to 34 years.
- Family Composition: Approximately 20% of residents are families with children, indicating a diverse demographic mix.
- Education Levels: Many residents hold post-secondary degrees, correlating with higher income brackets.
These factors collectively contribute to the area's economic dynamism and diverse demographic profile, making 2 Sonic Way an attractive location for both young professionals and established families.
Nearby Schools
While the Sonic development at 2 Sonic Way, Toronto, offers a range of amenities and a central midtown location, its immediate vicinity lacks educational institutions. This could be a considerable consideration for families contemplating a move to the area, as proximity to schools is often a top priority.
An analysis of the local educational landscape reveals that there are no schools located directly near 2 Sonic Way. GreatSchools ratings of nearby options suggest that they may not meet the desired standards for many families. This indicates a potential gap in local educational facilities, which could impact the decision-making process for those considering relocation to the area.
Families may need to travel to neighboring neighborhoods to access public and private schooling options. This could impact convenience and daily routines, particularly for those with younger children. Although the area lacks immediate educational institutions, after-school programs and extracurricular activities may be available nearby, providing some relief for working parents.
The importance of proximity to schools cannot be overstated for families, and this factor may notably influence their housing decisions regarding 2 Sonic Way. While the development offers many attractive features, the absence of nearby schools could be a critical consideration for those prioritizing educational convenience.
Vibrant Flemingdon Park Community
Flemingdon Park's diverse residential landscape and multicultural demographics create a vibrant community atmosphere that complements the amenities offered by the Sonic development at 2 Sonic Way. This neighborhood is known for its convenient access to local amenities, including grocery stores like Real Canadian Superstore and various dining options within a short walking distance. Residents benefit from nearby parks such as Ferrand Drive Park and Flemingdon Park, providing green spaces for outdoor activities and leisure.
The community is well-connected through public transportation, with a TTC bus stop located nearby and easy access to major highways like the Don Valley Parkway. Local schools and educational institutions, while not immediately adjacent, are available in neighboring areas, catering to families seeking educational resources for their children.
Key Features of Flemingdon Park:
- Multicultural Community: A diverse neighborhood with residents from various ethnic backgrounds.
- Convenient Amenities: Easy access to grocery stores, dining options, and other local services.
- Green Spaces: Nearby parks like Ferrand Drive Park and Flemingdon Park offer outdoor activities and leisure areas.
- Public Transportation: Well-connected with TTC bus stops and access to major highways like the Don Valley Parkway.
This blend of diversity, convenience, and connectivity makes Flemingdon Park an attractive choice for residents looking for a vibrant and inclusive community atmosphere.