The Diamond on Yonge stands as a representation of modern urban living in Toronto's Willowdale West neighborhood. This recently completed low-rise building offers residents a blend of luxury and convenience, with its premium finishes and extensive amenities. Situated in a culturally diverse area with excellent transit options, The Diamond on Yonge presents an enticing opportunity for those seeking a vibrant lifestyle. However, as with any property investment, potential buyers and renters should consider various factors before making a decision. Let's explore what makes this development unique and examine some key aspects that deserve closer attention.
Key Facts
Several key facts define The Diamond on Yonge, a recently completed condominium project in Toronto. Located at 75 Canterbury Place, this low-rise development was brought to fruition by Diamante Development Corporation in 2022. The building stands out with its impressive vertical presence, boasting over 30 levels that house a total of 371 residential units.
The Diamond offers a diverse range of living spaces to cater to various needs and preferences. Unit sizes span from compact 439 square foot apartments to spacious 1,529 square foot residences, providing options for different household sizes and lifestyles. This variety in unit configurations contributes to the building's appeal among potential buyers and renters.
In terms of market performance, The Diamond currently demonstrates an average price per square foot of approximately $1,114. However, it's worth noting that the property has experienced a year-over-year value change of -9.3%, indicating a recent downward trend in market valuation.
The development's appeal extends beyond its physical structure, encompassing a suite of amenities designed to enhance residents' quality of life. These include a BBQ area for outdoor gatherings, a party room for social events, concierge services for added convenience, a media room for entertainment, a sauna for relaxation, and a gym for fitness enthusiasts. Additionally, The Diamond's location offers proximity to essential urban amenities such as grocery stores, restaurants, public transit options, and green spaces, further solidifying its attractiveness for those seeking a thorough urban living experience in Toronto.
Building Overview
The Diamond on Yonge stands as an embodiment of modern urban living in Toronto's North York area. This low-rise condominium, developed by Diamante Development Corporation, was completed in 2022 and is situated at 75 Canterbury Pl. The building's 371 residential units are spread across 30 levels, offering a range of living spaces to suit various needs and preferences.
The Diamond on Yonge features suite sizes from 439 to 1529 square feet, catering to different lifestyle requirements. The condominium's design emphasizes contemporary aesthetics and premium finishes, with upgraded suites boasting 9-foot ceilings and high-end European appliances. These features contribute to an elevated urban living experience for residents.
In terms of pricing, the average cost per square foot at The Diamond on Yonge is $1114, which is 17.2% higher than other condominiums in the Willowdale West area. This premium pricing reflects the building's quality and desirable location.
The condominium offers a thorough range of amenities to enhance residents' lifestyles. These include a BBQ area for outdoor gatherings, a party room for social events, and a media room for entertainment. For health and wellness, the building provides a sauna and a gym. Additionally, the concierge service guarantees convenience and security for residents.
The Diamond on Yonge's combination of modern design, premium features, and extensive amenities positions it as a sought-after residence in North York. Its blend of comfort, style, and functionality makes it an attractive option for those seeking a contemporary urban living experience in Toronto.
Building Amenities
Residents of The Diamond on Yonge enjoy an extensive suite of amenities designed to enhance their urban lifestyle. The building offers a thorough range of facilities that cater to various aspects of modern living, ensuring comfort, convenience, and leisure for its occupants.
The Diamond on Yonge places a strong emphasis on promoting health and wellness among its residents. The fully equipped gym features an exercise room and a dedicated yoga area, providing ample opportunities for residents to maintain an active lifestyle. For those seeking relaxation and rejuvenation, the building also includes a sauna.
Social interactions and entertainment are facilitated through several shared spaces. The party room, complete with a kitchen, serves as an ideal venue for hosting events and gatherings. Residents can also make use of the media room for movie nights or other entertainment purposes. Outdoor leisure is accommodated by a landscaped private garden and an outdoor patio area, perfect for relaxation and socializing in a natural setting.
For outdoor cooking enthusiasts, the building features a BBQ area, allowing residents to enjoy al fresco dining experiences. The 24-hour concierge service adds an extra layer of convenience and security, ensuring that assistance is always available when needed.
These carefully curated amenities at The Diamond on Yonge create a well-rounded living experience, catering to the diverse needs and preferences of its residents. From fitness and relaxation to entertainment and outdoor activities, the building provides a thorough array of facilities that contribute to a balanced and enjoyable lifestyle in the heart of Toronto.
Maintenance Fees
Maintenance fees at The Diamond on Yonge reflect the building's extensive amenities and services. These fees are an important aspect of condominium living, covering various operational costs and ensuring a well-maintained living environment for residents. At The Diamond on Yonge, the maintenance fees vary depending on the unit size and specific amenities included, typically ranging from $0.50 to $0.70 per square foot monthly.
The maintenance fees generally encompass:
- Common area maintenance
- Upkeep of building amenities
- Concierge services
- Building insurance
- Reserve fund contributions
It's important to note that additional costs such as individual unit utilities, personal insurance, and special assessments may not be included in the standard maintenance fees. Prospective buyers and renters should factor these potential extra expenses into their budgeting considerations.
The Diamond on Yonge's management endeavors to maintain a balance between providing high-quality services and keeping maintenance fees reasonable. However, residents should be aware that regular adjustments to these fees may occur based on changes in building operational costs. To stay informed, it's advisable for current and potential residents to inquire about the current rates and any projected increases.
When considering a unit at The Diamond on Yonge, understanding the maintenance fee structure is vital for making an informed decision. These fees play a significant role in the overall cost of living in the building and contribute to the preservation of property values. By carefully reviewing the maintenance fee details and budgeting accordingly, residents can fully enjoy the luxurious amenities and services offered at this prestigious Toronto address.
Explore Neighborhood
Situated in the heart of Willowdale West, a neighborhood renowned for its vibrant community and urban lifestyle, The Diamond on Yonge offers residents an unparalleled living experience. This bustling area is rich with diverse eateries, popular among which are Sugar Marmalade and Taftan Kebab, providing residents with a delightful dining experience just steps away from their doorstep.
In addition to its culinary attractions, Willowdale West is adorned with beautiful green spaces such as Beecroft Linear Park and Kempford Parkette. These parks offer residents ample opportunities for outdoor recreation and relaxation, contributing to a balanced lifestyle. The area's high walk score of 91 underscores its convenience, ensuring that grocery stores like Metro and other essential services are within easy walking distance.
The neighborhood's excellent public transit options further enhance its appeal. The Finch TTC Subway Station, located just a 6-minute walk away, provides residents with seamless connectivity to the rest of Toronto. This blend of urban amenities, green spaces, and efficient transit makes The Diamond on Yonge an ideal choice for those seeking a vibrant and convenient living environment. Residents can enjoy the best of urban living while also having access to the tranquility and recreational activities that the neighborhood's parks offer.
Residents' Cultural Diversity
The Diamond on Yonge, located in Willowdale West, is nestled in a neighborhood celebrated for its rich cultural diversity, reflecting a mosaic of various ethnic communities and backgrounds. This diversity is further highlighted by the proximity of residents to a wide range of international dining options, such as Sugar Marmalade, Soltani Kobab House, and Taftan Kebab, showcasing the area's multicultural culinary scene. The nearby North York Centre provides cultural amenities and events that cater to diverse communities, enhancing the rich cultural landscape of the area.
Population
The Willowdale West neighborhood, home to The Diamond on Yonge, is characterized by a rich tapestry of cultural diversity, consistently reflecting a blend of various ethnic communities. According to the 2021 Census, approximately 60% of residents in the area identify as a visible minority, underscoring the multicultural nature of the community. This diversity is further highlighted by the variety of cultural restaurants and businesses that cater to the diverse tastes and traditions of the residents.
Key features of the population include:
- Approximately 60% of residents identify as a visible minority.
- The area features a variety of cultural restaurants and businesses, catering to the diverse tastes and traditions of the residents.
- Language diversity is prominent, with over 40 languages spoken by residents, including Mandarin, Persian, Russian, and Urdu.
- The community hosts various cultural events and festivals throughout the year, promoting inclusivity and celebrating the rich backgrounds of its residents.
- The neighborhood is known for its cultural diversity, reflecting a mix of various ethnic communities.
Tenancy and Property Type
The Diamond on Yonge embodies a diverse resident demographic, reflecting the multicultural landscape of North York. This condominium complex is home to a mix of families, young professionals, and retirees, creating a vibrant and inclusive community. The building's proximity to various cultural amenities, such as the Gibson House Museum and local restaurants, enhances the residents' access to diverse cultural experiences.
The low-rise condo offers 371 units with a variety of layouts, fostering a sense of belonging among residents from different backgrounds. The surrounding neighborhood, Willowdale West, boasts a rich tapestry of cultural influences, contributing to the residents' lifestyle and social interactions within the condo. The inclusion of amenities like a party room and media room encourages social gatherings, promoting cultural exchange among the diverse tenant population. This blend of cultures and lifestyles creates a unique living environment that celebrates diversity and inclusivity.
Average Income
Many residents of The Diamond on Yonge condominium complex, situated in the vibrant neighborhood of Willowdale West, enjoy a relatively high average household income. This reflects the community's affluent nature, with many residents employed in professional, technical, and service sectors. The area's economic diversity is a key factor in its appeal, attracting a mix of residents including young professionals, families, and retirees.
Some key points about the economic and cultural profile of the residents include:
- The average household income is $60,315.
- The neighborhood is culturally diverse, with residents from various ethnic backgrounds contributing to the community's rich cultural fabric.
- Local cultural events and festivals often showcase the diversity of the residents, fostering a sense of community and inclusiveness among the different cultural groups.
- Educational institutions nearby serve a diverse student population, further enriching the cultural landscape of the neighborhood.
- The proximity to amenities and services attracts a diverse range of residents, each bringing unique cultural perspectives to the community.
Nearby Schools
Located in the heart of Willowdale West, the vicinity of The Diamond on Yonge offers a diverse range of educational institutions, catering to various age groups and educational needs. Families with younger children can benefit from the proximity of Willowdale Middle School and McKee Public School, both renowned for their quality education and dedicated staff. These schools provide a nurturing environment that fosters academic and personal growth, laying a solid foundation for future success.
For older students, Earl Haig Secondary School is a notable option, distinguished by its strong academic programs and a rich arts curriculum. This high school offers a thorough education that prepares students for post-secondary studies and beyond. Additionally, the area is home to several private schools, such as Toronto French School, which offers a unique educational experience that combines academic rigor with cultural enrichment.
For those pursuing higher education, York University and Seneca College are conveniently accessible via public transit. This accessibility makes The Diamond on Yonge an ideal location for students looking to balance academic responsibilities with urban living. The presence of these educational institutions contributes considerably to the family-friendly atmosphere of Willowdale West, enhancing its appeal to residents with children and making it a sought-after community for families.
Luxury Living in Willowdale West
Residents of The Diamond on Yonge can enjoy a luxurious lifestyle in the heart of Willowdale West, complemented by the area's excellent educational institutions. This modern condominium complex at 75 Canterbury Pl, Toronto, offers a range of units from 439 to 1529 sqft, catering to diverse lifestyle needs. The building is renowned for its premium amenities and services, guaranteeing residents experience the epitome of luxury urban living.
- State-of-the-Art Amenities: The Diamond features a fully equipped fitness center, sauna, media room, party room, and a BBQ area, perfect for social gatherings and personal relaxation.
- 24-Hour Concierge: Enhancing security and convenience, the 24-hour concierge service guarantees residents and their guests are always greeted warmly.
- Vibrant Community: The neighborhood is replete with a variety of restaurants, grocery stores, and green spaces like Beecroft Linear Park and Kempford Parkette, offering residents a balanced urban lifestyle.
- Luxury Positioning: With an average rent price per sqft of $4.63, The Diamond on Yonge stands out as 17.2% more expensive than other condos in Willowdale West, solidifying its status as a luxury living option.
- Accessibility: The complex is a short walk from North York Centre Subway Station and has easy access to Hwy 401, making it a convenient choice for commuters.
These elements combine to make The Diamond on Yonge a desirable choice for those seeking a luxurious and convenient living experience in Willowdale West.
