Verdé Condos stands as an affirmation to modern urban living in Toronto's bustling North York area. This 24-story high-rise, completed in 2021, offers residents a blend of luxury and convenience with its well-appointed units and extensive amenities. Situated adjacent to Fairview Mall and with excellent transit connections, the development caters to diverse lifestyles and preferences. While the building's features are impressive, questions arise about its impact on the local community and its long-term value proposition in Toronto's competitive real estate market. Further exploration of Verdé Condos reveals intriguing insights into contemporary urban development trends.
Key Facts
Located at 188 Fairview Mall Drive in North York, Toronto, Verdé Condos is a 24-story high-rise development by FRAM Building Group. This impressive condominium complex offers a total of 374 units, catering to a diverse range of living preferences with sizes spanning from 481 to 1,074 square feet.
The building boasts an array of amenities designed to enhance residents' lifestyles. These include a billiards room for entertainment, a concierge service for added convenience, bike storage facilities, a business center for professional needs, and a fully-equipped gym for fitness enthusiasts.
Current market trends at Verdé Condos reveal competitive pricing for both purchase and rental options. One-bedroom units are available for purchase with prices ranging between $498,000 and $499,900, while two-bedroom units are listed at $599,000. For those seeking rental accommodations, the property offers 30 available units, with one-bedroom rentals priced between $2,200 and $2,400 per month.
The strategic location of Verdé Condos in North York provides residents with easy access to urban amenities, including the adjacent Fairview Mall. This positioning, combined with the building's modern features and diverse unit options, makes it an attractive choice for both homeowners and renters in the Toronto real estate market.
Verdé Condos stands as a representation of FRAM Building Group's commitment to creating quality living spaces that cater to the needs of urban dwellers, offering a blend of comfort, convenience, and style in a prime Toronto location.
Building Overview
Rising 24 stories above North York's skyline, Verdé Condos stands as a prominent addition to Toronto's urban landscape. Completed in 2021, this high-rise condominium at 188 Fairview Mall Drive is a key component of the Fairview Park master-planned community. Developed by FRAM Building Group, the structure houses 374 units, catering to a diverse range of living preferences.
The building's units vary in size from 481 to 1074 square feet, offering options for different household needs and lifestyles. This range of floor plans guarantees that Verdé Condos can accommodate various resident requirements, from compact urban dwellings to more spacious family-oriented homes.
Verdé Condos prioritizes resident comfort and convenience with its array of amenities. The building features a billiards room for recreational activities, a business center for professional needs, and a fully-equipped gym for fitness enthusiasts. Additionally, the property offers bike storage facilities, addressing the needs of eco-conscious urban dwellers. A concierge service enhances the living experience by providing assistance and security to residents.
The strategic location of Verdé Condos is a significant asset. Situated near public transit options, the building offers easy access to Toronto's extensive transportation network. The proximity to Fairview Mall provides residents with convenient shopping opportunities, while nearby recreational parks offer green spaces for leisure and relaxation. This combination of urban amenities and natural surroundings makes Verdé Condos an attractive option for those seeking a balanced city lifestyle in North York.
Building Amenities
With an impressive array of amenities, Verdé Condos enhances the living experience for its residents. The building offers an extensive range of facilities designed to cater to various lifestyle needs and preferences. At the heart of these amenities is a fully-equipped gym, allowing residents to maintain their fitness routines without leaving the premises. For those who enjoy recreational activities, a billiards room provides a space for relaxation and socializing.
The building's commitment to convenience extends to its business center, which serves as a valuable resource for professionals working from home or requiring a dedicated workspace. To further support residents' needs, Verdé Condos provides a concierge service, enhancing overall security and offering assistance with day-to-day tasks.
Verdé Condos recognizes the importance of fostering a sense of community among its residents. To this end, the property features:
- A rooftop deck for enjoying outdoor spaces and scenic views
- A party room available for gatherings and events
- A bike storage facility, catering to cycling enthusiasts
These amenities contribute to an engaging social environment, encouraging interaction among neighbors and providing spaces for shared experiences.
The property also addresses practical concerns, such as visitor parking, which allows guests to visit residents without the hassle of searching for street parking. This thoughtful addition enhances the overall living experience by making it easier for residents to entertain friends and family.
Maintenance Fees
Transparency in financial obligations is a vital consideration for potential Verdé Condos residents. The maintenance fees for units in this complex vary based on size and type, ranging from approximately $345 to $554 per month. This variance is exemplified by Unit 703, which incurs a monthly fee of $345, while Unit 2115 has a higher fee of $554, reflecting differences in size and amenities.
While the exact average maintenance fee per square foot for Verdé Condos is not explicitly stated, it is likely to align with the neighborhood average of $0.63 per square foot. This benchmark provides a useful reference point for prospective buyers to evaluate the relative cost of maintenance fees at Verdé Condos compared to similar properties in the area.
The maintenance fees at Verdé Condos cover a range of amenities and services that contribute to the overall living experience. These include concierge services, access to the building's gym facilities, and the upkeep of common areas. Such extensive coverage guarantees that residents can enjoy a well-maintained living environment and shared spaces without additional out-of-pocket expenses.
It's important to note that specific details regarding the composition of the maintenance fees, such as the allocation for utilities or contributions to the reserve fund, are not currently available. Prospective buyers are advised to inquire about these details to gain a more thorough understanding of the financial commitments associated with owning a unit at Verdé Condos. This information can be essential for long-term financial planning and evaluating the overall value proposition of the property.
Explore Neighborhood
Situated in the heart of the Fairview Park community, Verdé Condos offers residents unparalleled access to a vibrant neighborhood filled with amenities, recreational spaces, and essential services. The community is well-equipped with a variety of shopping, dining, and entertainment options within walking distance, including Fairview Mall, which features popular establishments like Taco Bell and Cineplex Theatre. This proximity guarantees that residents have everything they need right at their doorstep.
The neighborhood also boasts several parks, such as Muirhead Park and Manor Park, providing residents with outdoor recreational activities just steps away from their homes. These green spaces offer a tranquil escape from the hustle and bustle of city life, allowing residents to enjoy nature and stay active.
Public transit is easily accessible, with a bus stop and the Don Mills Subway Station located just a minute's walk from the building. This connectivity enhances the ability of residents to travel throughout Toronto efficiently.
Key Neighborhood Features:
- Shopping and Dining: Fairview Mall, featuring Taco Bell and Cineplex Theatre
- Recreational Spaces: Muirhead Park and Manor Park for outdoor activities
- Public Transit: Bus stop and Don Mills Subway Station within a minute's walk
Families will appreciate the proximity to reputable schools, including Muirhead Public School and Georges Vanier Secondary School, both within a short distance from Verdé Condos. The community is well-equipped with essential amenities like grocery stores, coffee shops, and banking services, facilitating convenience for residents' daily needs.
Age Distribution of Residents
The age distribution of residents at Verdé Condos reflects a diverse community, typically attracting young professionals and families due to its proximity to amenities and public transit. The average age of residents in the area surrounding 188 Fairview Mall Drive is approximately 35 years, indicating a younger demographic. A significant portion of the population, around 30%, falls within the 25 to 34 age range, suggesting that the condos appeal strongly to millennials.
Population
The population surrounding Verdé Condos is characterized by a diverse age distribution, reflecting a mix of young professionals, families, and retirees. With a total population of 8,486 residents, the community presents a blend of different age groups.
Key population characteristics include:
- Total population of 8,486 residents.
- Average individual income of approximately $56,779.
- Average household size of 2.5 individuals per household.
This demographic mix contributes to a stable and vibrant community, with residents typically owning their units for an average of 4.6 years. This stability is indicative of a strong sense of community and satisfaction among residents. The diverse age distribution and average household size suggest a balanced environment where young professionals, families, and retirees coexist, contributing to the overall appeal of the area surrounding Verdé Condos.
Tenancy and Property Type
Exploring the tenancy and property type in the area surrounding Verdé Condos reveals a dynamic community with a diverse age distribution. The average household size at Verdé Condos is 2.5 individuals per household, indicating a mix of families and individuals residing in the building. This suggests that the condos cater to a variety of living needs, from young professionals to families.
The total population in the area surrounding Verdé Condos is approximately 8,486, showcasing a vibrant community of residents. The average individual income of residents in the neighborhood is $56,779, reflecting the economic demographic of the area. The unit turnover rate is around 4.6 years per unit, suggesting a moderate level of residency stability among tenants. This stability, combined with an average chance of receiving multiple offers for units, indicates a competitive rental market and desirability for living in Verdé Condos. Overall, Verdé Condos offers a diverse and stable residential environment, appealing to a wide range of tenants.
Average Income
The average individual income of residents in the neighborhood surrounding Verdé Condos is $56,779, reflecting a diverse economic demographic. This figure suggests a stable financial base for the community, contributing to its overall vibrancy and resilience. The average household size of 2.5 individuals per household further underscores the family-friendly nature of the area.
Key aspects of the community's economic profile include:
- A total population of approximately 8,486 residents, indicating a dense but manageable community size.
- An average ownership duration of 4.6 years per unit, suggesting a relatively stable population with long-term investment in the area.
- A diverse age distribution, contributing to a lively and dynamic community atmosphere.
Nearby Schools
For residents of Verdé Condos, access to quality education is conveniently close. Located at 188 Fairview Mall Drive, the condominium complex is surrounded by several reputable schools that cater to various age groups and educational needs.
Muirhead Public School, which serves grades JK-6, is situated just 0.48 kilometers from the condos, making it an ideal choice for families with young children. Another public school, Kingslake Public School, also serves grades JK-6 and is located 0.6 kilometers away from the property. For those seeking a Catholic education, St. Kateri Tekakwitha Catholic School is 0.82 kilometers from Verdé Condos and offers classes for grades JK-8.
For older students, Georges Vanier Secondary School, which serves grades 9-12, is also located 0.82 kilometers from the building, providing a smooth transition for students progressing to higher grades. Additionally, North Toronto Christian School, a private educational institution, is approximately 0.93 kilometers away and offers classes for grades JK-12, providing a thorough educational experience.
The proximity of these schools to Verdé Condos not only guarantees that residents have easy access to quality education but also adds to the appeal of the property for families and students alike. This convenience is a significant advantage for those looking for a residential location that supports their educational needs.
Fram-Built Luxury High-Rise
Verdé Condos, located at 188 Fairview Mall Drive, not only offers proximity to reputable schools but also boasts a luxurious high-rise development built by the renowned FRAM Building Group. This 24-story building features a total of 374 condo units ranging from 481 to 1074 sqft, each designed to provide modern luxury living.
The building is part of a master-planned community at Fairview Park, which emphasizes extensive greenspaces and a community park for various activities. This focus on community and green living is a hallmark of FRAM Building Group's approach, as evident in their portfolio of over 11,000 residences across Canada and the U.S.
Residents of Verdé Condos enjoy a range of modern amenities, including:
- A fully equipped gym for fitness enthusiasts
- A business center for professional needs
- A billiards room for leisure and entertainment
These amenities, combined with the building's contemporary architectural design, make Verdé Condos a premier choice for luxury living in North York. The development's commitment to community and green living, along with its prime location near reputable schools and the vibrant Fairview Mall, offer a unique blend of luxury and convenience.