Yorkville

Average sold price freehold (2009): $1,084,667

Average sold price condo (2009): $646,021

Postal code: M5R

Boundaries: C.P.R Tracks (Marlborough Ave) – Bloor St W; Yonge St – Avenue Rd

Subway Stations: Bloor-Yonge, Bay and Rosedale

Yorkville is Toronto’s posh neighbourhood, with designer boutiques, luxury hotels and spas and upscale restaurants lining the streets. The city’s elite crowd is drawn to this neighbourhood, as owning an address in Yorkville has always been considered a status symbol and naturally, real estate in this area commands a hefty premium. The lifestyle in this area is unlike anywhere else in Toronto, where influential people, celebrities and affluent tourists wander about the streets dressed to the nines to flaunt off their Chanel bags and Hermí¨s scarfs. At the foot of the neighbourhood is the Yonge-Bloor subway station, a transfer point below a very high-density area, which makes it by far the busiest subway station in Toronto, serving a combined total of approximately 380,390 people a day.

Real Estate: This is where you will find the city’s most expensive condos, many of which start at $1,000,000. The Regency Yorkville is an ultra-luxurious New York style art deco condominium, The Hazelton Hotel and Private Residences is nine storey terraced, limestone building which was designed to set the standard for five-star living, The Prince Arthur and 10 Bellair are further examples of high end living. There are, however, a few more affordable condos along Scollard primarily, for those who want the postal code without shelling out over half a million for a 1 bedroom.

Apart from condos, the neigbhourhood offers a variety of million dollar homes and the odd worker’s cottage. The NY Brownstone style rowhouses are found along Belmont, the narrow Victorian semis and rowhouses along Macpherson and a handful of stunning homes on Gibson and Roxborough.

Parks: Yorkville Park is a series of unique gardens and architectural fountains on the south side of Cumberland. Designed by Oleson Worland Architects, it was devised to reflect the diversity of the Canadian landscape.

Hot Spots:

One Restaurant at the Hazelton Hotel — 116 Yorkville Ave
ONE Restaurant showcases his impeccable standards of food production and service — a sure match for the standards of excellence set by the Hazelton operation as a whole.

Pusateri’s — 57 Yorkville Ave
World renowned for exceptional products, superior quality, freshness and customer service; Pusateri’s has built an enviable reputation as one Toronto’s best fine foods markets.

Hair on the Avenue — 112 Avenue Rd
Very popular among the city’s fashionable, Hair on the Avenue channels art deco elegance in its furnishings. The stylists are always on trend, and offer something for everyone whether it’s a $300 cut or $70 cut.