Yorkville Luxury Real Estate
Yorkville is an affluent neighbourhood in Toronto, Ontario, Canada. It is roughly bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west, and is considered part of 'The Annex' neighbourhood officially. Established as a separate village in 1830, it was annexed into Toronto in 1883. Yorkville is diverse, comprising residential areas, office space, and an array of shopping options.
Within the Yorkville district is one of Canada's most exclusive shopping districts, anchored by the Mink Mile along Bloor Street. In 2006, Mink Mile was the 22nd most expensive street in the world, with rents of $208 per square foot. Yorkville had rents of $300 per square foot in 2008, making it the third most expensive retail space in North America. In 2008, the Mink Mile was named the seventh most expensive shopping street in the world by Fortune Magazine, claiming tenants can pull in $1,500 to $4,500 per square foot in sales
Real Estate in Yorkville
Notable Yorkville Luxury Condominium Residences
Yorkville | the neighbourhood profile
Along Bloor Street is located the "Mink Mile" shopping district. The street is lined on both sides of the street with office buildings with retail stores in the bottom one or two floors. The main streets of Avenue Road and Bay Street north of Bloor are similarly developed. North of Bloor, on Yorkville and Cumberland streets, between the main arteries, the character changes to smaller buildings containing art galleries, first-floor retail and restaurants. Further north still are single-family detached and semi-detached homes dating to the 19th century.
Yorkville has upscale shopping, restaurants, and the first five star hotel in Canada. Upscale boutiques include Burberry, Prada, Gucci, MAC Cosmetics, Hugo Boss, Chanel, Hermès, Louis Vuitton, Holt Renfrew, Tiffany & Co., Escada, Ermenegildo Zegna, Cartier, Harry Rosen, Calvin Klein, Cole Haan, Vera Wang, Lacoste, Ferrari, Maserati, Williams-Sonoma, Bang and Olufsen, Betsey Johnson, Max Mara, Montblanc, Bulgari, Birks, Coach, Guerlain, Swarovski, and other upscale designer boutiques. The Holt Renfrew store on Bloor is the luxury retailer's flagship and largest store with four floors and boutiques. Many flagships of other companies are located here as well, such as Harry Rosen, Town Shoes, Lacoste, Gucci, Coach, and Chanel (in which the Canadian flagship became one of the largest in the world.) Browns Shoes opened on Bloor, with merchandise that is much more expensive than at their other boutiques.
Luxury hotels in Yorkville include the InterContinental Toronto Yorkville, Four Seasons, the Park Hyatt, the Hazelton Hotel, the Windsor Arms Hotel, the Residence on Bay and the Toronto Marriott Bloor Yorkville Hotel.
There are many offices and professional services. Notable companies/organizations include the Retail Council of Canada, Canada Post, IBM Canada, Alliance Atlantis, Famous Players, Paramount Pictures, Showcase Television, Twentieth Century Fox Film Corporation, Unilever and the consulates of several nations. MTV Canada headquarters are located in Yorkville as well.
Yorkville is home to some of Toronto's most expensive condominiums, most starting at over one million dollars and going well beyond, including: The Prince Arthur, Renaissance Plaza, 10 Bellair, One St. Thomas, Windsor Arms Hotel, The Hazelton Hotel & Residences, Hazelton Lanes.
Canada's largest museum and the fifth largest in North America, the Royal Ontario Museum is located just to the west of Yorkville, at the intersection of Bloor and Avenue Rd. Toronto's largest public library, the Toronto Reference Library, is located on Yonge Street, north of Bloor. Yorkville has its own local public library on Yorkville Avenue.
Based on data collected from both the census in 2006 and 2011, it is apparent that Yorkville (between Sherbourne St. and Yonge St. on Bloor with census tract 0088.00) is mostly populated with people earning $60,000 and above. With the make of this neighbourhood being targeted towards middle-class to upper-class residents and being more upscale, it is comprehensible for the inhabitants to be earning $60,000 and above.
Yorkville is a rapidly growing neighbourhood and with the constant addition of newly built condominium, there is no doubt as to why there is an increase in owned property between the census that was conducted in 2006 and the census conducted in 2011.