The Majestic at 28 Empress Ave stands as a symbol of luxurious urban living in North York, Toronto. This 22-storey condominium, completed in 2000, offers residents a blend of comfort and convenience with its range of amenities and prime location. While the building's impressive features and surrounding neighborhood contribute to its appeal, potential buyers and investors may wonder about the long-term value proposition and community dynamics. As we explore the intricacies of this property, it becomes clear that The Majestic's story extends far beyond its physical attributes, encompassing the lifestyle and opportunities it presents to its residents.
Key Facts
This high-rise condominium complex, The Majestic, stands as a prominent fixture at 28 Empress Ave in North York, Toronto. Completed in 2000, the building boasts 269 units spread across 22 floors, offering residents a range of living spaces and amenities.
The Majestic features a diverse selection of unit sizes, spanning from compact 303 square foot studios to spacious 1,279 square foot apartments. This variety caters to different lifestyle needs and preferences. Current listings for units in The Majestic are priced between $629,000 and $868,000, reflecting the property's desirability in the North York real estate market.
Monthly maintenance fees for the condos range from $778 to $1,047, covering essential services such as heating, water, and insurance. These fees contribute to the upkeep of the building and its amenities, which include a party room, exercise facilities, and saunas.
The average price per square foot for units in The Majestic is approximately $883.86. However, it's worth noting that the property has experienced a 9.4% decrease in condo values year-over-year, which may present opportunities for potential buyers in the current market.
Governed by the Metropolitan Toronto Condominium Corporation No. 1319, The Majestic guarantees proper maintenance and community management for its residents. This oversight helps maintain the building's quality and preserves its value over time.
With its prime location, range of unit sizes, and extensive amenities, The Majestic continues to be an attractive option for those seeking contemporary urban living in North York.
Building Overview
Standing tall at 22 storeys, The Majestic at 28 Empress Ave in North York, Toronto, offers a diverse range of living spaces for urban dwellers. Completed in 2000, this residential condominium comprises 269 units, catering to various lifestyle needs and preferences. The building's unit sizes span from compact 303 square feet apartments to spacious 1,279 square feet residences, providing options for singles, couples, and families alike.
Current market trends indicate that units in The Majestic are valued between $629,000 and $868,000 on average, reflecting the property's desirability and prime location. Residents benefit from extensive maintenance services, with monthly fees ranging from $778 to $1,047. These fees cover essential amenities such as heating, water, and building insurance, ensuring a comfortable and worry-free living experience.
The Metropolitan Toronto Condominium Corporation No. 1319 oversees the management of The Majestic, maintaining high standards for common areas and addressing residents' concerns. This professional management contributes to the building's overall appeal and value retention.
One of The Majestic's key selling points is its strategic location. With a walk score and transit score of 95 each, residents enjoy easy access to public transportation and a wide array of local amenities. This high level of convenience makes The Majestic an attractive option for those seeking an urban lifestyle with seamless connectivity to the city's offerings.
The Majestic stands as a reflection of modern urban living, combining spacious units, professional management, and an enviable location to create a desirable residential destination in North York.
Building Amenities
The Majestic at 28 Empress Ave complements its prime location and diverse living spaces with an array of thoughtfully designed amenities. Residents can take advantage of multiple facilities that cater to their social, wellness, and professional needs, enhancing their overall living experience.
The ground floor of the building houses several communal spaces designed to foster a sense of community among residents. A meeting room and a party room are available for various gatherings, providing ideal venues for social events, celebrations, or casual get-togethers. These spaces offer residents the opportunity to connect with their neighbors and entertain guests without the constraints of their individual units.
Wellness is a key focus at The Majestic, with dedicated facilities to support residents' health and fitness goals. An exercise room equipped with modern fitness equipment allows residents to maintain their workout routines conveniently within the building. Additionally, saunas are available for relaxation and recovery, promoting overall well-being and stress relief.
For those seeking quiet spaces for work or study, The Majestic offers two dedicated study rooms. These areas provide a conducive environment for concentration, whether for academic pursuits or professional tasks. The inclusion of separate men's and ladies' washrooms on-site further enhances the convenience and comfort of residents and their guests.
To guarantee smooth operations and resident satisfaction, The Majestic features a concierge desk and management office. These services provide efficient support for residents' needs, from handling deliveries to addressing maintenance requests. The presence of on-site management underscores the building's commitment to providing a high-quality living experience for all its residents.
Maintenance Fees
Residents of The Majestic at 28 Empress Ave should be prepared for higher-than-average maintenance fees, which range from $778 to $1,047 per month. These fees are calculated at approximately $0.96 per square foot, considerably exceeding the city average of $0.67 per square foot. The variation in monthly costs is directly correlated with unit size, meaning larger units incur higher maintenance fees.
Despite the premium pricing, these fees cover vital services that contribute to the overall living experience at The Majestic. Residents benefit from included heating, water, and insurance coverage, which are fundamental to comfortable urban living. These all-encompassing services aim to justify the elevated costs and provide value to owners.
However, the recent year-over-year analysis revealing a notable decrease in condo values at The Majestic may impact residents' perception of these maintenance fees. As property values decline, some owners might question whether the current fee structure continues to offer adequate value for their investment.
Prospective buyers and current owners should carefully consider the impact of these maintenance fees on their total monthly expenses. While the fees guarantee the upkeep of the building and its amenities, they represent a considerable ongoing cost that extends beyond mortgage payments. Potential residents must weigh the benefits of the included services against the higher-than-average fees when making decisions about purchasing or retaining units at The Majestic. This financial consideration is essential for long-term budget planning and evaluating the overall affordability of living in this Toronto condominium.
Explore Neighborhood
Beyond the confines of The Majestic's walls, the vibrant neighborhood of Willowdale East offers a rich tapestry of amenities, services, and green spaces that considerably enhance the living experience. With a Walk Score of 95, residents can easily access a variety of dining options, including popular restaurants like KINTON RAMEN and Pho 88, and coffee shops like Second Cup and Starbucks, all within a short walking distance.
The area also provides convenient access to essential shopping, with Loblaws and H Mart North York located just a 10-minute walk away for grocery needs. Educational institutions, including Earl Haig Secondary School and Claude Watson School for the Arts, are within 1 km, making the area attractive for families.
Residents can also enjoy nearby green spaces such as the North York Rose Garden and Princess Park, providing a rejuvenating escape from urban life.
- Dining options: KINTON RAMEN, Pho 88, Second Cup, Starbucks
- Grocery shopping: Loblaws, H Mart North York
- Educational institutions: Earl Haig Secondary School, Claude Watson School for the Arts
- Green spaces: North York Rose Garden, Princess Park
- Walkability: Walk Score of 95, indicating excellent accessibility to amenities and services within the neighborhood
Age Distribution of Residents
The age distribution of residents in The Majestic at 28 Empress Ave, Toronto, reflects a diverse demographic. The presence of educational institutions like Earl Haig Secondary School and the average individual income of $57,784 suggest a mix of young professionals and families with school-aged children. The unit turnover rate, indicating an average ownership duration of 6.5 years, further underscores the stability and variety of age groups within the community.
Population
In the heart of Toronto's Willowdale East neighborhood, a vibrant community thrives around 28 Empress Avenue, known as The Majestic Condos. This area is home to a diverse population, with approximately 32,007 residents. The demographic profile of the community is characterized by a mix of families and young professionals, contributing to a dynamic and inclusive environment.
- Diverse Community: The area hosts a diverse age distribution, with a significant number of young professionals and families.
- Population Density: The high population density of approximately 32,007 residents fosters a lively and vibrant atmosphere.
- Average Household Size: With an average household size of 2.5 members, the community accommodates both families and individuals.
- Average Individual Income: The average individual income of $57,784 indicates a financially stable population.
- Ownership Duration: Units in the area have an average ownership duration of 6.5 years, reflecting a stable and established community.
The Majestic Condos at 28 Empress Avenue is situated in a bustling neighborhood that offers a blend of urban amenities and residential comfort, making it an attractive place to live for various demographics.
Tenancy and Property Type
Given the diverse age distribution among residents at The Majestic on 28 Empress Ave, the condominium caters to a wide range of individuals and families. This diversity contributes to a vibrant community atmosphere, making it an appealing choice for those seeking a dynamic living environment. The average ownership duration in the building is approximately 6.5 years, indicating a stable resident base that values long-term residency.
The past 12 months have seen 19 units rented out, reflecting a demand for tenancy in the condominium. This trend suggests that The Majestic attracts renters who are drawn to its amenities and location. The population in the dissemination area surrounding The Majestic is 32,007, suggesting a well-populated neighborhood with potential tenants. Additionally, the average individual income in the area is $57,784, which influences the demographic and economic profile of residents and potential renters. This information underscores the attractiveness of The Majestic as a residential option for various age groups and income levels.
Average Income
The average individual income in the dissemination area surrounding The Majestic at 28 Empress Ave is approximately $57,784, which is slightly lower than the U.S. median household income for the 45-54 age group, which is around $72,228 for males and $57,096 for females. This indicates a diverse community with varying income levels, reflecting the overall economic diversity of the neighborhood.
Key points about the average income in the area include:
- Average individual income: $57,784
- Population in the area: 32,007
- Average household size: 2.5
- Average ownership duration: 6.5 years
- Significant income variation across different age groups
Nearby Schools
Living at The Majestic, families with school-age children benefit from a range of nearby educational institutions. One of the closest options is Oxford College of Canada, a private institution located just 0.19 km away, offering grades 9-12. This proximity provides residents with convenient access to secondary education.
Another nearby option is Earl Haig Secondary School, a public school serving grades 9-12, situated approximately 0.46 km from The Majestic. This school offers an extensive curriculum and extracurricular activities, catering to the diverse needs of students.
For younger students, McKee Public School is a nearby elementary institution within a short distance from the condos. Additionally, Claude Watson School for the Arts, a public school for grades 1-8, is located 0.51 km away. This school specializes in arts education, providing students with a unique learning experience.
The presence of these educational institutions within 1 km of The Majestic enhances the appeal of living in this area for families. Parents can easily walk their children to school or drop them off without the need for lengthy commutes. The variety of schools available caters to different age groups and educational preferences, making The Majestic an attractive choice for families with school-age children.
Luxurious North York High-Rise
Situated in the heart of North York, Toronto, The Majestic stands out as a luxurious high-rise condominium, offering residents a blend of elegance and convenience. With its prime location at 28 Empress Avenue, this 22-floor building is home to 269 units, each designed to cater to a variety of lifestyle needs. Completed in 2000 by Grape Arbour Construction Ltd., The Majestic offers units ranging from 303 to 1279 square feet, ensuring that there is something for everyone.
- Key Features of The Majestic:
- Unit Sizes: 303 to 1279 square feet
- Builder: Grape Arbour Construction Ltd.
- Year Completed: 2000
- Number of Units: 269
- Number of Floors: 22
The Majestic is renowned for its extensive amenities, including a meeting room, party room, saunas, an exercise room, and study rooms. These amenities not only enhance the living experience but also foster a sense of community among residents. Additionally, with a Transit Score of 95, The Majestic offers unparalleled access to public transportation, making it convenient for residents to navigate Toronto. Current listings at The Majestic range from $629,000 to $868,000, with an average price per square foot of $883.86, making it a desirable option for those seeking luxury and convenience in North York.