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    Observatory Lane Condo

    100 Observatory Lane

    4for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    16
    Number of Units:
    201
    Condo Completion:
    1987
    Condo Demand:
    Medium
    Unit Size Range:
    799 - 1,499 SQFT
    Unit Availability:
    Medium

    Listing History for Observatory Lane Condo

    Amenities

    Guest Suites
    Concierge
    Gym Room
    Indoor Parking
    Indoor Pool
    Sauna

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 100 Observatory LaneObservatory Lane Condo

    Anyone who’s seeking a York Region condo for sale should consider Observatory Lane Condo at 100 Observatory Lane. Ainsdale Developments Limited completed this building back in 1987, but unlike other buildings of that age, maintenance fees are on the higher end at $0.86 per-square-foot. The 16-storey building is home to 201 suites with units ranging between 799 and 1499 square feet.

    This condo has an average demand ranking per Strata.ca analytics and a Walk Score of 77. Maintenance fees at 100 Observatory Lane are $0.86 per-square-foot, which is on the higher end compared to the average of about $0.67, however the maintenance fees do include all utilities (usually at least hydro is separate).

    The Suites

    On average, units at 100 Observatory Lane sell 0.74% above the list price, and units have a medium chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $656 and units sell with 17 days on market on average. Over the past 12 months, 11 have sold and 5 have have been rented here.

    The Neighbourhood

    Residents can enjoy several great restaurants in the area. Some popular places nearby include Pizza Pizza, Pho Tai Bac and Sansotei Ramen. With cafes such as McDonald's, Teaopia and Bake Code only a short 14-minute walk away, grabbing a coffee while living at Observatory Lane Condo is a breeze.

    Residents here can stop by National Bank and CIBC Branch with ATM on their way home from work, so they can take care of their financial needs.

    Getting some fresh air is a breeze when you live at 100 Observatory Lane because excellent green spaces like Bridgeview Cordone Park, Bridgeview Park and Baif Park are walkable in under 12 minutes.

    Like to shop? Everything you need is close by when you live at 100 Observatory Lane, including Observatory Place Plaza, South Hill Shopping Centre and Richmond Centre which are only 12 away.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Baadeh art shop, Ray's Picture Frames and Art Centre Inc. and SatisfiedNerve less than a 4-minute drive away will give you a lift.

    There are plenty of nearby school choices — Discovery Academy Private School, St. Anne Catholic Elementary School and Red Maple Public School — with more in neighbouring areas so you can find the best school for your child’s needs. If you're open to commuting, a quick transit ride offers even more options, including Richmond Hill Academy, Farvadin Tutoring | Math, Literacy, Special Education and Alexander Mackenzie High School.

    Transportation

    Transit users will need to trek a bit to Yonge St. @ Weldrick Rd. E., the nearest light transit stop. Finch Station is about a 25-minute drive from the building.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 11 Plaisance Road, 33 Weldrick Road and 9471 Yonge Street.

    4

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    Listings For Rent

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    Nearby Amenities

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    5/10
    Transit
    It's a dice roll — but hey, sometimes you roll a six!
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,473
    Average Individual Income
    $83,167
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $143,068
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    77%
    Semi Detached
    15%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    81%
    Cantonese
    7%
    Mandarin
    6%
    Other
    6%
    Education
    High School
    28%
    University and Above
    26%
    College
    20%
    None
    16%
    Apprenticeship
    5%
    University Below Batchelor
    1%
    Major Field of Study
    Architecture & Engineering
    19%
    Business Management
    18%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Personal, Protective & Transportation Services
    8%
    Math & Computer Sciences
    6%
    Humanities
    5%
    Education
    5%
    Physical Sciences
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at Observatory Lane Condo spend an average of
    17
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    14
    YEARS before being sold again

    Property Value

    5%
    Increase in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 13 condos in the Observatory | Harding area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    Observatory Lane Condo offers the
    ?
    best value out of 13 condos in the Observatory | Harding neighbourhood

    Appreciation Rank

    Observatory Lane Condo has the
    ?
    highest ROI out of 13 condos in the Observatory | Harding neighbourhood

    Rental Yield

    Observatory Lane Condo yields the
    ?
    highest rent prices out of 13 condos in the Observatory | Harding neighbourhood

    High Demand

    Observatory Lane Condo is the
    ?
    most popular building out of 13 condos in the Observatory | Harding neighbourhood

    Transaction Insights at 100 Observatory Lane

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$625,000 - $630,000$750,000 - $813,000$715,500 - $735,000$920,000$910,000
    Avg. Cost Per SqftNo Data$710$663$625$550$629
    Avg. Wait for Unit Availability335 Days266 Days71 Days63 Days1286 Days314 Days
    Ratio of Units in Building4%14%36%36%7%7%

    Maintenance Fees

    Observatory Lane Condo vs The Observatory | Harding Area

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