Ultima at Broadway North Tower stands as a representation of modern urban living in Toronto's Lansing-Westgate neighborhood. This 36-story residential building, completed in 2005, offers a blend of comfort and convenience with its diverse unit sizes and extensive amenities. While its prime location at 4978 Yonge St provides residents with easy access to city life, the property's appeal extends beyond its address. From its architectural design to its community atmosphere, Ultima at Broadway North Tower presents an intriguing option for those seeking a contemporary living experience in one of Toronto's most dynamic areas. But what truly sets this development apart?
Key Facts
Elegance and convenience define Ultima at Broadway North Tower, a 36-story residential building located at 4978 Yonge St in North York, Toronto. Completed in 2005, this impressive structure offers 384 units ranging from 500 to 2002 square feet, catering to a variety of living preferences and needs.
The property's appeal extends beyond its architectural merits, with current listings ranging from $474,900 to $599,000. At an average price of $855.50 per square foot, Ultima at Broadway North Tower presents a competitive option in the Toronto real estate market. Residents can expect an average monthly maintenance fee of $488, which covers essential services such as common element maintenance, building insurance, and water costs. This fee may vary based on the size of individual units.
Ultima at Broadway North Tower boasts an array of amenities designed to enhance residents' quality of life. These include a well-equipped gym, swimming pool, concierge services, and a party room for social gatherings. Security is a top priority, with 24/7 surveillance and on-site security personnel ensuring peace of mind for all occupants.
The building's location is a significant draw for urban professionals and families alike. Situated within walking distance of the North York Centre Subway Station, residents enjoy easy access to public transit. Additionally, the proximity to major highways facilitates convenient commuting to downtown Toronto and other parts of the Greater Toronto Area. This strategic location combines the tranquility of a residential neighborhood with the accessibility of urban living, making Ultima at Broadway North Tower an attractive choice for those seeking a balanced lifestyle in North York.
Building Overview
Ultima at Broadway North Tower stands as a prominent fixture in North York's skyline, offering residents a blend of luxury and urban convenience. Located at 4978 Yonge St in the Lansing-Westgate neighborhood, this 36-story high-rise condo building was constructed in 2005 by Menkes Developers. The structure houses 384 residential units, catering to diverse living preferences with suite sizes ranging from 500 to 2002 square feet.
The building's design and amenities reflect a commitment to enhancing residents' quality of life. Occupants can enjoy access to a well-equipped gym, swimming pool, concierge services, and a party room, fostering a sense of community and providing opportunities for relaxation and entertainment. These features contribute to the overall appeal of the property, making it an attractive option for those seeking a thorough urban living experience.
From a financial perspective, Ultima at Broadway North Tower presents a competitive investment opportunity. With an average price per square foot of approximately $855.50, it ranks as the 167th most expensive condo in North York. Monthly maintenance fees, which cover essential services such as common element maintenance, building insurance, and water, average around $488. These fees vary based on unit size, ensuring a fair distribution of costs among residents.
The building's location in the heart of North York positions it within close proximity to various urban amenities, including shopping centers, restaurants, and public transportation options. This strategic placement, combined with its range of unit sizes and on-site facilities, makes Ultima at Broadway North Tower an appealing choice for individuals and families seeking a modern, convenient living space in Toronto's bustling North York district.
Building Amenities
The extensive array of amenities at Ultima at Broadway North Tower caters to diverse lifestyle needs and preferences. Residents enjoy access to a thorough fitness center, complete with a pool and sauna, promoting health and wellness within the community. These facilities provide ample opportunities for exercise and relaxation, supporting a balanced and active lifestyle.
In addition to fitness amenities, the building offers several social spaces designed to foster community engagement. A party room is available for residents to host gatherings and celebrations, while multiple lounge areas and meeting/function rooms provide versatile spaces for social interactions and community events. These communal areas encourage residents to connect with their neighbors and build a sense of community within the tower.
Safety and security are paramount at Ultima at Broadway North Tower. The building features 24/7 security services, including on-site security guards and state-of-the-art surveillance systems. These measures guarantee a safe living environment for all residents, providing peace of mind and enhancing the overall quality of life within the complex.
For residents with vehicles, on-site parking facilities offer convenient access and secure storage. This amenity adds to the overall comfort and convenience of living in the tower, particularly for those who commute or frequently travel by car.
The thoughtfully curated selection of amenities at Ultima at Broadway North Tower reflects a commitment to enhancing residents' lifestyles. By providing facilities that cater to fitness, social engagement, security, and convenience, the building creates a well-rounded living experience that meets the diverse needs of its community members.
Maintenance Fees
Residents of Ultima at Broadway North Tower face an average monthly maintenance fee of $488, which covers common element maintenance, building insurance, and water costs. These fees are calculated at approximately $0.81 per square foot, slightly higher than the neighborhood average of $0.80 per square foot. This marginal increase may be attributed to the building's extensive amenities and services.
The maintenance fees at Ultima at Broadway North Tower vary depending on unit size, with larger units generally incurring higher fees due to increased shared expenses. This variability is an important consideration for potential buyers when evaluating the overall cost of condo ownership. In addition to mortgage payments and property taxes, these maintenance fees play an essential role in budgeting for long-term residency in the building.
The fees collected from residents are vital for maintaining the building's numerous amenities, such as the gym, pool, and concierge services. These shared facilities contribute to the quality of life for residents and help maintain the property's value over time. Regular upkeep and improvements funded by these fees guarantee that the building remains attractive and functional for current and future occupants.
Prospective buyers should carefully consider the impact of maintenance fees on their monthly expenses when considering a purchase at Ultima at Broadway North Tower. While the fees may seem substantial, they provide essential services and contribute to the overall value and enjoyment of living in this well-maintained and amenity-rich condominium complex.
Explore Neighborhood
Situated in the heart of the Lansing-Westgate neighborhood, residents of Ultima at Broadway North Tower enjoy unparalleled access to a diverse range of amenities and services. This vibrant community offers a variety of dining options, including Tim Hortons and Nawab Fusion Grill, ensuring that residents can satisfy their cravings without having to venture far.
Some of the key highlights of living in this neighborhood include:
- *Nearby entertainment venues*: Cineplex Cinemas Empress Walk and Empire Theatres are just a short walk away, providing a variety of movie and performance options.
- *Accessible green spaces*: Mel Lastman Square, Willowdale Park, and Beecroft Park offer ideal spots for outdoor activities and relaxation.
- *Convenient grocery shopping*: Spring Garden Market and Loblaws are located within a 7-minute walk, ensuring easy access to daily essentials.
The neighborhood boasts a high walk score of 96, indicating excellent walkability to various amenities and public transit options. The North York Centre Subway Station is nearby, making it easy for residents to commute to other parts of the city. With its mix of convenience, entertainment, and green spaces, the Lansing-Westgate neighborhood provides a balanced and enjoyable living experience for residents of Ultima at Broadway North Tower.
Diverse Age Distribution
The Ultima at Broadway North Tower is situated in a diverse community with a population of approximately 32,007 residents. The average individual income in the area is $57,784, reflecting a mix of income levels among residents, while the average household size is 2.5, indicating a combination of families, couples, and individuals. This demographic composition supports a vibrant community with varying age groups, contributing to the neighborhood's cultural richness and attracting first-time buyers and renters alongside established residents.
Population
The Ultima at Broadway North Tower is nestled in a vibrant community, with a population of approximately 32,007 residents. This significant number indicates a bustling neighborhood that offers a dynamic living environment. The average household size in the area is 2.5, reflecting a mix of families and individuals, which contributes to the community's diverse and inclusive atmosphere.
Key demographic highlights of the area include:
- The average individual income is $57,784, suggesting a moderate economic status among residents.
- The community features a variety of educational institutions, supporting a family-friendly environment that caters to a diverse age range.
- The population's age distribution is diverse, appealing to both young professionals and families with children, making it an attractive location for various lifestyles.
Tenancy and Property Type
The Ultima at Broadway North Tower features a diverse age distribution, reflected in its 384 residential units, which cater to a wide range of living options. The property offers suites ranging from 500 to 2002 square feet, accommodating single occupants, couples, and families of various sizes. This diversity contributes to a vibrant community atmosphere, supported by nearby educational institutions and recreational amenities.
The average household size in the surrounding area is 2.5, indicating a mix of individuals, couples, and families residing within the community. This demographic mix is a key factor in the property's appeal to a broad age distribution. Over the past 12 months, 46 units were rented, demonstrating steady demand and interest from tenants across different age groups seeking rental accommodations in the area. The Ultima at Broadway North Tower's diverse age distribution enhances its appeal as a residential option for those looking for a dynamic and inclusive living environment.
Average Income
Residents in the vicinity of Ultima at Broadway North Tower have an average individual income of approximately $57,784. This financial demographic contributes to the overall economic profile of the area, which includes a diverse range of age groups and household types.
- The average household size in the neighborhood is 2.5, indicating a mix of family types and living arrangements.
- The area attracts various age groups, contributing to a vibrant community atmosphere with different lifestyle preferences.
- Trends show an average unit ownership duration of 5.1 years, suggesting stability among residents and potential long-term community engagement.
The average individual income in the dissemination area surrounding Ultima at Broadway North Tower reflects the economic stability and diversity of the community. The population of around 32,007 further underscores the diverse demographic composition of the area. Overall, the financial and demographic characteristics of the neighborhood provide an extensive view of the living conditions and community dynamics at Ultima at Broadway North Tower.
Nearby Schools
Located in the heart of North York, Ultima at Broadway North Tower offers residents convenient access to several nearby schools. The area is well-served by a variety of educational institutions catering to different needs and age groups.
Claude Watson School for the Arts, a public school for grades 1-8, is located just 0.26 km from the building. This school provides a thorough arts-focused curriculum, offering students a unique educational experience. UMC North York Centre, a private school serving grades 9-12, is also situated 0.26 km away. This institution offers a rigorous academic program designed to prepare students for post-secondary education.
Cardinal Carter Academy for the Arts, a Catholic school for grades 7-12, can be found 0.29 km from the property. This school combines Catholic values with an arts-focused curriculum, providing students with a well-rounded education. McDonald International Academy – North York, a private institution for grades 9-12, is located 0.39 km away. This school offers a diverse and inclusive environment, catering to students from various backgrounds.
Oxford College of Canada, another private school for grades 9-12, is positioned 0.66 km from the Ultima at Broadway North Tower. This institution provides a thorough academic program, emphasizing both academic and personal development. The proximity of these schools to Ultima at Broadway North Tower makes it an ideal residential choice for families seeking quality education.
Diverse Architectural Design Features
Standing 36 stories tall, Ultima at Broadway North Tower showcases a modern high-rise architectural design that seamlessly blends form and function. Completed in 2005 by Menkes Developers, this striking residential building features 384 units with suite sizes ranging from 500 to 2002 square feet, catering to diverse living preferences.
The Ultima's design philosophy emphasizes both exterior and interior aesthetics, creating a visually appealing environment that enhances the overall living experience for residents. Large windows are a prominent architectural element, providing ample natural light and offering panoramic views of the surrounding Lansing-Westgate neighborhood.
Key architectural features include:
- A thoughtfully designed exterior that contributes to the modern skyline
- Spacious interiors with flexible layouts to accommodate various lifestyles
- Integrated amenities that promote community engagement among residents
The building's amenities, such as the gym, pool, and party room, are seamlessly incorporated into the overall design. This integration not only boosts the functionality of the space but also fosters a sense of community among residents.
The Ultima at Broadway North Tower's diverse architectural design features demonstrate a commitment to creating a harmonious living environment. By combining aesthetic appeal with practical considerations, the building offers residents a sophisticated urban lifestyle. The range of suite sizes and layouts guarantees that the Ultima can accommodate various living arrangements, from individuals to families. This versatility, coupled with the building's striking design and well-appointed amenities, makes the Ultima a standout example of modern residential architecture in Toronto's Lansing-Westgate neighborhood.