The Bennett on Bayview stands as a symbol of modern urban living in Toronto's bustling North York district. This contemporary residential complex, completed in 2019, offers a blend of luxury and convenience that has quickly attracted young professionals and families alike. With its prime location and array of amenities, The Bennett presents an intriguing option for those seeking a balance between city life and suburban comfort. However, as with any property investment, potential residents must consider various factors before making a decision. The true value of this development extends beyond its sleek façade and into the fabric of its surrounding community.
Key Facts
At the corner of Bayview Avenue and Ruddington Drive stands The Bennett, a modern residential development completed in 2019. This 14-story structure, developed by First Avenue Properties and Latch Developments, offers 165 luxury units designed to meet contemporary living standards. The Bennett's prime location provides residents with convenient access to various transit options, shopping centers, and recreational facilities, making it an attractive choice for urban dwellers.
As of August 30, 2024, the average listing price for units in The Bennett is approximately $1,450,000, reflecting the property's desirable features and location. The building's design prioritizes resident comfort and lifestyle enhancement, incorporating a range of amenities such as fitness facilities and communal spaces. These shared areas are intended to foster a sense of community among residents while providing practical spaces for exercise, relaxation, and social gatherings.
The Bennett's 165 units offer a variety of living options to suit different needs and preferences. The building's modern design aesthetic is evident both in its exterior architecture and interior finishes, appealing to those seeking a contemporary urban living experience. Its completion in 2019 guarantees that the property features up-to-date construction techniques and materials, as well as current design trends and technological integrations.
Located at 3237 Bayview Ave, Toronto, ON M2K 2J7, The Bennett positions its residents in a vibrant area of the city. The combination of its strategic location, modern amenities, and thoughtful design makes The Bennett on Bayview a notable addition to Toronto's luxury residential market, catering to those seeking high-end urban living with convenient access to city amenities.
Building Overview
The Bennett on Bayview stands as a demonstration to modern urban living, offering a complete residential experience. Completed in 2019, this 14-storey condominium development is the result of a collaboration between First Avenue Properties and Latch Developments. The building houses 165 units, providing a diverse range of living spaces to accommodate various lifestyles and preferences.
The Bennett on Bayview offers an impressive array of suite sizes, ranging from compact 487 square foot units to expansive 1,768 square foot residences. This variety guarantees that the building caters to a wide spectrum of homeowners, from young professionals to growing families. Each unit is designed with a focus on spacious layouts and quality construction, emphasizing comfort and style in every detail.
Residents of The Bennett on Bayview benefit from a thorough set of amenities that enhance their daily lives. The building features a well-equipped gym for fitness enthusiasts, guest suites for visiting friends and family, and convenient bike storage for cycling aficionados. Additionally, the presence of concierge services and security personnel guarantees a safe and welcoming environment for all residents.
Strategically located at the intersection of Bayview Ave and Ruddington Dr, The Bennett offers excellent connectivity to the surrounding area. Residents enjoy easy access to public transit options and major highways like Highway 401, facilitating seamless commutes and exploration of the Greater Toronto Area. This prime location, combined with its modern luxury living concept, positions The Bennett on Bayview as a highly desirable residence in Toronto's competitive real estate market.
Building Amenities
Residents of The Bennett on Bayview enjoy a wide array of amenities designed to enhance their urban lifestyle. The building's thorough fitness center stands out as a key feature, equipped with modern exercise equipment to cater to various workout preferences. This on-site gym allows residents to maintain their fitness routines without the need for external gym memberships, offering convenience and promoting a healthy lifestyle within the community.
For those who prefer cycling as their primary mode of transportation or exercise, The Bennett on Bayview provides dedicated bike storage facilities. This amenity not only supports eco-friendly transportation options but also guarantees that residents have a secure place to store their bicycles, encouraging active living and reducing carbon footprints.
The building's commitment to hospitality is evident in its provision of guest suites. These accommodations offer a comfortable and convenient option for visiting friends and family, allowing residents to host their loved ones without compromising on space or privacy within their own units.
Security is a top priority at The Bennett on Bayview, with the presence of security guards guaranteeing a safe living environment for all residents. This measure contributes considerably to the peace of mind of those calling this building home.
Complementing the security features is the concierge service, available to assist residents with various needs. From package handling to providing information about local services, the concierge enhances the overall living experience by offering personalized support and convenience to the building's occupants.
These thoughtfully curated amenities collectively create a living environment that balances comfort, security, and active living, making The Bennett on Bayview an attractive option for those seeking a well-rounded urban lifestyle.
Maintenance Fees
While the extensive amenities at The Bennett on Bayview contribute greatly to its appeal, they also necessitate a structured approach to maintenance and upkeep. The building implements a thorough maintenance fee system to guarantee the continued quality and functionality of its shared spaces and services.
The monthly maintenance fee for units at The Bennett on Bayview is set at $856, covering a range of amenities and services that enhance residents' living experience. This fee encompasses the upkeep of various facilities, including the gym, guest suites, bike storage, concierge services, and security measures. By pooling resources through these fees, the building management can maintain high standards across all common areas and services.
Individual maintenance fees vary based on unit size and specifications. For instance, a one-bedroom unit incurs a monthly fee of $492, while a two-bedroom unit is assessed at $699. These variations reflect the proportional use of shared resources and services by different unit types.
The average cost per square foot for condos in the building, which stands at $889, plays a role in determining these maintenance fees. This metric helps guarantee that fees are appropriately scaled to unit sizes and values.
It's worth noting that the building has experienced a year-over-year value decrease of 8.0%. This trend may impact future maintenance fee assessments, as the building management might need to adjust fees to account for changing property values and maintenance requirements.
Explore Neighborhood
Located in the heart of North York, The Bennett on Bayview offers residents a unique blend of urban convenience and suburban tranquility. This vibrant neighborhood is home to approximately 7,547 residents and provides a range of amenities and services that cater to various needs and lifestyles.
The area surrounding The Bennett on Bayview is well-equipped with essential services and recreational spaces. For outdoor enthusiasts, nearby parks such as Bayview Arena Park and Gustav Parkette offer ample opportunities for leisure activities within walking distance. Public transit is also conveniently accessible, with the closest bus stop located just steps away at 3292 Bayview Ave.
Here are three key highlights of the neighborhood:
- Diverse Dining Options: Residents can enjoy a variety of dining options, including Swiss Chalet and Kaikaki, all within a 4-minute walk.
- Convenient Amenities: The area features essential amenities such as grocery stores like Tufts Valu-Mart and financial services including a CIBC Branch with ATM nearby.
- Public Transit Access: Convenient access to public transit is available with the closest bus stop located just steps away at 3292 Bayview Ave.
Young Professionals Dominate Area
The Bennett on Bayview is a hub for young professionals, with an average individual income of $69,845 and a local population of approximately 7,547. This demographic contributes greatly to the community's vibrancy and economic activity, with a unit turnover rate averaging 5.1 years, indicating stability among residents. The area's proximity to public transportation, including Finch Station and multiple bus stops, along with nearby amenities such as cafes and grocery stores, caters to the lifestyle preferences of young professionals seeking convenience and accessibility.
Population
The demographic profile of the area surrounding The Bennett on Bayview reveals a significant presence of young professionals, who are drawn to the neighborhood's array of amenities and convenient transportation links. This population is characterized by a high average individual income of $69,845, indicating a financially stable demographic.
– Demographic Highlights:
- Population: Approximately 7,547 residents.
- Average Individual Income: $69,845.
- Unit Turnover Rate: Residents own their condos for an average of 5.1 years.
The area's proximity to public transportation options, including Finch Station and various bus stops, meets the commuting needs of young professionals working in downtown Toronto. Additionally, the neighborhood offers a variety of dining, shopping, and recreational facilities, making it an ideal location for young professionals seeking a vibrant urban lifestyle. Overall, The Bennett on Bayview is situated in a community that caters to the preferences of young professionals, providing them with a blend of convenience, amenities, and stability.
Tenancy and Property Type
Young professionals form the core of The Bennett on Bayview's tenancy, drawn to the area's modern living spaces and diverse amenities. The property offers a range of condo units, from 487 to 1,768 square feet, catering to the preferences of this demographic. With an average individual income of $69,845, residents can afford the luxury and convenience that The Bennett on Bayview provides.
The area's low turnover rate, with an average ownership duration of 5.1 years, suggests stability and satisfaction among residents. This is further supported by the proximity to various amenities such as cafes, grocery stores, and parks, which cater to the lifestyle preferences of young professionals. Additionally, the convenient access to public transit, including Finch Station and nearby bus stops, enhances the property's appeal to young commuters. Overall, The Bennett on Bayview's tenancy is characterized by young professionals seeking a vibrant community with modern living spaces and easy access to amenities and transportation.
Average Income
Residents of The Bennett on Bayview enjoy a relatively high average individual income of $69,845, indicative of a financially stable demographic. This figure reflects the presence of young professionals and families in the area, drawn by nearby educational institutions and employment opportunities.
The demographics of the neighborhood provide further insight into the community's characteristics:
- Population: Approximately 7,547 residents contribute to a vibrant community atmosphere.
- Household Size: An average of 200-400 households indicates a mix of singles and small families, typical of young professional demographics.
- Amenities and Lifestyle: The neighborhood offers public transportation and shopping amenities that cater well to the lifestyle preferences of young professionals, enhancing their living experience.
These factors suggest that The Bennett on Bayview is located in an area that supports a high quality of life, with residents enjoying financial stability and access to amenities that meet their needs.
Nearby Schools
Located within a short distance from The Bennett on Bayview, several reputable educational institutions provide a strong foundation for families. This proximity to quality schools is a significant advantage for families considering residence in this area. Cummer Valley Middle School, which serves students in grades 6-8, is one of the nearby institutions that contribute to the educational landscape. This school offers a thorough curriculum that supports the developmental needs of middle school students, preparing them for higher education levels.
Newtonbrook Secondary School, a nearby high school, further enhances the educational opportunities for residents. Offering a variety of programs for students in grades 9-12, it promotes a strong academic environment that supports various interests and career aspirations. This diversity in educational offerings caters to the diverse needs of high school students, ensuring they are well-prepared for post-secondary education and future careers.
Finch Public School, catering to younger students in the area, is also conveniently located within close proximity to The Bennett on Bayview. This accessibility to quality educational institutions supports families in their decision-making process, contributing to a family-friendly community atmosphere. The presence of these schools underscores a strong community focus on education, with active engagement in local events and fostering connections among residents. This educational infrastructure makes The Bennett on Bayview an attractive option for families seeking a supportive and enriching environment for their children.
Elegant Multi-Story Residential Complex
The Bennett on Bayview is a 14-storey residential complex consisting of 165 units, located at Bayview Ave & Ruddington Dr, Toronto, and completed in 2019. This elegant multi-story residential complex offers a range of suites that cater to various lifestyle needs and preferences, with sizes ranging from 487 to 1768 square feet. The development boasts luxurious amenities, including a gym, guest suites, bike storage, concierge service, and 24/7 security, ensuring a high-quality living experience for its residents.
Key Features of The Bennett on Bayview:
- Diverse Unit Sizes: Suites range from 487 to 1768 square feet, accommodating different lifestyles and preferences.
- Luxurious Amenities: Residents enjoy access to a gym, guest suites, bike storage, concierge service, and 24/7 security.
- Competitive Maintenance Fees: The average maintenance fee is $0.79 per square foot, which is below the neighborhood average of $0.81 per square foot.
The Bennett on Bayview is strategically located near public transit options, shopping centers, and recreational parks, enhancing the overall living experience for its residents. With its elegant design and luxurious amenities, the complex provides a desirable living environment in a prime Toronto location.