Southside Condos at 31 Tippett Rd in Toronto represents a prime example of modern urban living. Completed in 2021, this mid-rise development by Malibu Investments offers a blend of contemporary design and practical amenities. With 484 units ranging from cozy studios to spacious multi-bedroom apartments, the building caters to diverse lifestyle needs. While the property's features are certainly enticing, potential residents and investors might wonder about the long-term value proposition and community dynamics. As we explore this development further, several key aspects emerge that warrant closer examination.
Key Facts
Three key aspects define Southside Condos at 31 Tippett Road in North York. Completed in 2021, this mid-rise building stands 17 stories tall and offers 484 residential units. The structure's recent completion guarantees modern amenities and contemporary design, appealing to those seeking a new living space in the area.
The range of unit sizes is a notable feature of Southside Condos. With floor plans spanning from 339 to 1452 square feet, the building caters to diverse living requirements. This variety accommodates singles, couples, and small families, providing options for different lifestyles and space needs.
Monthly maintenance fees for the condos fall between $640 and $665, covering essential services such as Common Element maintenance, Building Insurance, and Water. These fees contribute to the upkeep of shared spaces and guarantee a well-maintained living environment for all residents.
Southside Condos boasts an array of amenities designed to enhance residents' quality of life. The outdoor pool offers a cooling retreat during warmer months, while the yoga studio promotes wellness and relaxation. For social gatherings, the party room provides a dedicated space for entertaining. Additionally, the concierge service adds a touch of convenience and security to daily living.
Recent market activity indicates the building's desirability. Rental prices for 1+1 bedroom units range from $2,300 to $2,500 per month, reflecting the property's appeal to renters. For those interested in purchasing, sales prices for similar units have ranged between $559,000 and $749,900, demonstrating the building's value in the current real estate market.
Building Overview
Southside Condos, situated at 31 Tippett Road in North York, presents a thorough modern living experience. Completed in 2021 by Malibu Investments, this mid-rise building stands 17 stories tall and offers a diverse range of living spaces to accommodate various lifestyle needs. The condominium complex houses 484 units, with sizes spanning from compact 339 square foot studios to spacious 1,452 square foot apartments, ensuring options for singles, couples, and families alike.
The building's design prioritizes resident comfort and convenience, as evidenced by its all-encompassing amenity package. Occupants can enjoy facilities such as an outdoor pool for summer relaxation, a yoga studio for fitness enthusiasts, and a party room for social gatherings. The addition of concierge services further enhances the living experience, providing assistance and security to residents.
Maintenance fees at Southside Condos cover essential services including common element upkeep, building insurance, and water usage. These fees typically range between $640 and $665 per month for current rental units, offering a transparent cost structure for potential residents.
In terms of market positioning, Southside Condos maintains a competitive edge within the North York condominium landscape. With an average price per square foot of $903, the development presents an attractive option for both investors and homeowners seeking value in a prime location. This pricing, coupled with the building's modern amenities and variety of unit sizes, positions Southside Condos as a notable contender in Toronto's dynamic real estate market.
Building Amenities
At the heart of Southside Condos' appeal lies its extensive suite of amenities, designed to enhance residents' quality of life. The 17-story building offers a thoughtful selection of facilities that cater to diverse lifestyles and foster a sense of community among its occupants.
One of the standout features is the outdoor pool, providing a revitalizing oasis for relaxation and recreation. Residents can enjoy leisurely swims or simply lounge by the poolside, making it an ideal spot for unwinding during warmer months. For those prioritizing wellness and fitness, the building houses a dedicated yoga studio. This space offers a serene environment for practicing yoga, meditation, or other low-impact exercises, promoting physical and mental well-being.
Social interactions are encouraged through the inclusion of a party room. This versatile space is perfect for hosting gatherings, celebrations, or community events, allowing residents to connect and build relationships with their neighbors. The party room adds a valuable dimension to the social fabric of Southside Condos, enhancing the overall living experience.
To guarantee a seamless and comfortable lifestyle, the building provides a concierge service. This amenity offers residents assistance with various needs, from package handling to general inquiries. Additionally, the concierge contributes to the building's security, providing an extra layer of protection and peace of mind for residents.
These carefully curated amenities at Southside Condos work in harmony to create a well-rounded living environment. By addressing aspects of relaxation, fitness, social engagement, and convenience, the building caters to the diverse needs and preferences of its residents, fostering a vibrant and supportive community within its walls.
Maintenance Fees
Transparency in costs is vital for potential residents of Southside Condos, particularly regarding maintenance fees. At this property, the average monthly maintenance fees range between $640 and $665, which is higher than the area average. These fees are calculated at approximately $0.82 per square foot, compared to the local average of $0.77 per square foot.
The maintenance fees at Southside Condos cover a range of important services. These include Common Element maintenance, Building Insurance, and Water. Additionally, the fees contribute to the upkeep of various amenities that enhance the living experience for residents. Among these amenities are the Outdoor Pool, Yoga Studio, Party Room, and Concierge services.
For those considering renting at Southside Condos, it's important to note that the maintenance fees are typically incorporated into the overall rental cost. This inclusion affects the total monthly expenses for renters, making it significant to factor in when budgeting for accommodation in this building.
The higher-than-average maintenance fees at Southside Condos reflect the extensive services and amenities provided. While this may result in increased costs for residents, it also guarantees the proper upkeep of the building and its facilities. Potential buyers and renters should carefully consider these fees in relation to the value they receive from the included services and amenities when making their housing decisions. Understanding the breakdown of these costs is vital for making an informed choice about residing at Southside Condos.
Explore Neighborhood
Clanton Park, the vibrant neighborhood surrounding Southside Condos, offers a unique blend of urban convenience and community charm. With a diverse community of approximately 5,923 residents, this area provides a dynamic living environment. Residents have convenient access to a variety of amenities, including grocery stores, restaurants, and cafes. Popular dining options like Heavens Grill and Freshii are within a short distance, making it easy to enjoy a meal out or grab a quick bite.
The neighborhood also boasts several parks and green spaces, such as Champlain Parkette and Delahaye Parkette, where residents can relax and engage in recreational activities. Public transit is highly accessible, with a transit rating of 9/10 and the Wilson subway station just a minute away, ensuring that residents can easily navigate the city. Additionally, Clanton Park has a walk score of 75/100, indicating that most errands can be accomplished on foot, making it a pedestrian-friendly neighborhood.
Age Distribution of Residents
The age distribution of residents in Clanton Park, where Southside Condos are located, contributes to a diverse community. The population includes a mix of young professionals, families, and retirees, with approximately 25% of residents aged 25-34, 20% aged 35-44, and 15% aged 45-54. Seniors aged 65 and older make up roughly 10% of the population, indicating the community's appeal for older adults seeking a vibrant neighborhood.
Population
Southside Condos, located at 31 Tippett Rd in Toronto, is situated within a diverse dissemination area that boasts a population of approximately 5,923 residents. This demographic composition contributes to a vibrant community atmosphere, with a mix of family and individual residents.
Key characteristics of the population include:
- Average individual income: $64,058
- Average household size: 2.8
- Competitive real estate market with an average ownership duration of 5.2 years
- Diverse age distribution
- Middle-income demographic
These factors collectively create a dynamic and diverse residential environment.
Tenancy and Property Type
Residents of Southside Condos at 31 Tippett Rd in Toronto exhibit a diverse age distribution, reflecting the area's appeal to both young professionals and families. The demographic breakdown reveals that 12% of the population falls within the 0-14 age range, indicating a significant presence of families with children. Young adults aged 15-19 constitute 1%, while those between 20-34 make up 21%, suggesting a substantial number of young professionals. The 35-49 age group accounts for 16%, and individuals aged 50-64 comprise 22% of the population. Significantly, 65% of the residents are over 50, highlighting the area's appeal to older adults as well.
The average household size of 2.8 further underscores the mix of singles, couples, and families residing in the condominiums. This diversity in age and household composition contributes to a vibrant community dynamic. The strong rental demand, with 69 units rented in the past 12 months, indicates that the Southside Condos cater to a variety of needs. Additionally, the average ownership duration of 5.2 years suggests stability and long-term commitment among residents, enhancing the overall social fabric of the condominiums.
Average Income
The economic profile of the residents at 31 Tippett Rd in Toronto is characterized by an average individual income of $64,058. This figure provides insight into the financial stability and purchasing power of the community.
- The average household size in the neighborhood is 2.8, indicating a mix of family structures and living arrangements.
- The population of the dissemination area is around 5,923, highlighting a vibrant community.
- Residents typically own their units for an average of 5.2 years, suggesting a stable living environment.
- The area has a competitive real estate market, with a notable chance of multiple offers due to its desirable demographics.
- The median household income in Clanton Park is $87,791, with a cost of living 22% higher than the national average.
These statistics collectively paint a picture of a financially stable and diverse community. The combination of higher average income, stable ownership duration, and competitive real estate market underscores the attractiveness of Clanton Park as a residential area.
Nearby Schools
Several reputable educational institutions are conveniently located near the Southside Condos, providing residents with a range of options for their children. Faywood Arts Elementary School is the nearest, situated just 0.7 km away. This proximity makes it an ideal choice for families with younger children, offering a short and safe commute to school. Additionally, Dublin Heights Elementary School is located 1.74 km from the property, providing another option for elementary-level education.
For high school students, John Polanyi Secondary School is located 1.88 km from Southside Condos. This school offers a thorough curriculum and various extracurricular activities, ensuring a well-rounded education for its students. Another secondary school, William Lyon Mackenzie Secondary School, is approximately 2.54 km away. This school provides further options for secondary education, ensuring that residents have a choice in selecting the best school for their children's needs.
Furthermore, Cardinal Carter Academy for the Arts is positioned 4.47 km from the condos. This specialized secondary school focuses on arts education, offering students the opportunity to excel in various artistic disciplines. The presence of these schools near Southside Condos makes the area an attractive option for families looking for convenient access to quality educational institutions.
Modern Urban Living Experience
Nestled in the vibrant Clanton Park neighborhood, Southside Condos at 31 Tippett Road, Toronto, offers a quintessential modern urban living experience. Completed in 2021, this condo complex features 484 units ranging from 339 to 1452 square feet, catering to a variety of urban living preferences. The modern design of Southside Condos is complemented by an array of amenities that enhance the urban lifestyle experience.
Residents at Southside Condos enjoy a range of luxurious amenities, including:
- An outdoor pool perfect for relaxation and recreation
- A yoga studio to maintain physical and mental well-being
- A party room for social gatherings and celebrations
- Concierge services for added convenience and security
- Proximity to nearby grocery stores, restaurants, and green spaces
The monthly maintenance fees, averaging between $640 and $665, cover essential services such as common element maintenance, building insurance, and water, ensuring residents' peace of mind. With an average price per square foot of $903, Southside Condos are competitively priced within the North York market, reflecting the demand for modern urban living spaces.
Positioned in the heart of Clanton Park, Southside Condos offers a vibrant community atmosphere, blending the convenience of urban living with the tranquility of nearby green spaces. This makes Southside Condos an ideal choice for those seeking a modern urban living experience in Toronto.