pin_buy38 The Esplanade & 1 Scott St
5Listings for Salefor Sale
3Listings for Rentfor Rent
building_buyLondon on the Esplanade
building_buyLondon on the Esplanade
5Listings for Salefor Sale
3Listings for Rentfor Rent
Walkability
10/10
Transit
10/10
Bikeability
8/10
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Above Average
Property Type
Condo
Developer
Cityzen Development Corporation
Condo Completion
2009
Property Management
Crossbridge Condominium Services Ltd.
Unit Size Range
317 - 3200 SQFT
Number of Units
444
Number of Storeys
32

38 The Esplanade, Toronto

About this condo

Condo Overview

In recent years, a number of London-inspired condos have cropped up in downtown Toronto. As you may have guessed, one of these posh residences is none other than the aptly named London on the Esplanade.

The condos at 1 Scott Street & 38 The Esplanade are actually spread out over two buildings that sit atop a common podium. The east tower spans 15 storeys and showcases a traditional brick aesthetic that blends seamlessly with its longstanding neighbours, while over at the west tower 33 storeys of glass soar into the sky. The base sits somewhere in the middle in terms of style, and embodies a number of London’s most recognizable qualities: both are grand, powerful, and classic.

London on the Esplanade condos is a result of a tag team duo: Cityzen Development Corporation in charge of the construction, with Burka Architects to thank for the design. According to Burka, the inspiration behind 1 Scott Street & 38 The Esplanade condos is twofold as well — these architects aimed for a harmonious amalgamation of the historical nature of the St. Lawrence neighbourhood, together with the progressiveness of the Financial District.

The buildings were completed in 2009, and the interiors given a metropolitan look as well. Right from the get go, the lobby’s black-and-white checkered flooring is yet another ode to our neighbour across the Atlantic.

The amenities at London on the Esplanade are suitable for London aristocrats, even if they are located in the heart of downtown Toronto. Residents have access to a billiards room, library, outdoor swimming pool, garden, movie theatre, yoga studio, guest suites, barbecues, and a gym. And for some additional convenience, plenty of retail and commercial spaces are located just downstairs.

The Suites

Compared to most Toronto condos for sale, the suites here are hard to describe, with each one unique in appearance and style. Certain double-storey units feature floating staircases that carry residents between floors, while others contain especially spacious bedrooms. Contemporary kitchens can be found throughout the two buildings, while many even contain sleek stainless steel appliances.

Floor-to-ceiling windows are also common at 1 Scott Street & 38 The Esplanade, allowing natural lighting to do its magic. The suites at the London on the Esplanade condos also boast fashionable finishes, such as sliding, frosted glass doors to separate rooms, as well as polished hardwood floors.

The Neighbourhood

Fittingly so, London on the Esplanade is located on the Esplanade. While this should come as no surprise, the benefits might be worth taking a closer look at.

To start, green space is close at hand: parks in The Waterfront are within walking distance, and just to the east, the Esplanade is lined with parks for six entire blocks. Moreover, the Esplanade can feel like its own little village — in the sense that residents need not stray far to find what they need.

Restaurants and bars line the Esplanade, while cultural venues surround these, including the Sony Centre for the Performing Arts, Canadian Stage, and the St. Lawrence Centre for the Performing Arts.

The Esplanade Food Market is barely a walk away, where residents can grab what they need when in a hurry. St. Lawrence Market does require a brief walk, on the other hand, but this Toronto favourite (and world famous) marketplace is perfect for replenishing the fridge with fresh fruits and veggies. Vendors at St. Lawrence Market also hawk freshly baked breads and bagels, a global selection of cheeses, dips, spreads, spices, and so on, as well as plenty of prepared foods.

Transportation

With its location around the corner from Union Station, residents of the London on the Esplanade condos may not be able to hop onto the Tube each morning, but they certainly can ride the TTC. Those without cars (or those who choose to leave them at home when riding around the city) can hop onto subway trains heading north on either the Yonge or the University-Spadina line. From here, transfers can be made onto the Bloor-Danforth line, as well as the Sheppard line, for further travel east and west.

Those heading out on four wheels, on the other hand, have access to the Gardiner Expressway via Jarvis Street. After a short drive onto this east-west highway, drivers can make their way toward the Don Valley parkway to the East or the Gardiner Expressway to the west.

As for those traveling internationally, Toronto’s two airports are easy to reach. Billy Bishop Toronto City Airport takes only 10 minutes to reach by car, and just under 20 when using public transit. Pearson International, on the other hand, can be accessed using the UP service from Union Station, with the entire journey taking just around 40 minutes without a car. Drivers can also reach Pearson in approximately 30 minutes.

3

Listings For Rent

Interested in receiving new listings for rent?

Amenities

Security System
Party/Meeting Room
Underground Parking
BBQ
Media Room
Outdoor Pool
Games Room
Concierge
Guest Suites
Gym

Maintenance Fees Cover

Maintenance fees include

Water

Owner / renter pays separately

Hydro
Heat
Air Conditioning

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
London on the Esplanade vs The St. Lawrence Area

$176.00
More Expensive
per SQFT compared to the neighbourhood average
London on the Esplanade's Avg
price per SQFT
$1,234
/ SQFT
Neighbourhood Avg
price per SQFT
$1,058
/ SQFT

Building Trends At London on the Esplanade

Days on Market

Units at London on the Esplanade spend an average of
9
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
10%
above
the list price.

Offer Competition

Condos in this building have a

HIGH
chance of receiving
Multiple Offers

Turnover of Units

On average, each unit is owned for
6.1
YEARS before being sold again

Property Value

13%
Increase in property value within the past twelve months

Price Ranking

21st
Highest price per SQFT out of 64 condos in the St. Lawrence area

Sold Units

26
Units were Sold over the past twelve months

Rented Units

67
Units were Rented over the past twelve months

Best Value

London on the Esplanade offers the
?
best value out of 64 condos in the St. Lawrence neighbourhood

Return on Investment

London on the Esplanade has the
?
highest ROI out of 64 condos in the St. Lawrence neighbourhood

Rental Yield

London on the Esplanade yields the
?
highest rent prices out of 64 condos in the St. Lawrence neighbourhood

High Demand

London on the Esplanade is the
?
most popular building out of 64 condos in the St. Lawrence neighbourhood

Sales vs Rental Values For This Condo

Studio327 - 470 SQFT
Average Cost Per Sqft$1,293
Sales Price Range$465,000 - $519,000
Rental Price Range$1,650 - $1,850
1 Bed378 - 1145 SQFT
Average Cost Per Sqft$1,142
Sales Price Range$575,000 - $1,200,000
Rental Price Range$1,900 - $3,500
1 Bed + Den600 - 735 SQFT
Average Cost Per Sqft$1,106
Sales Price Range$740,000 - $916,000
Rental Price Range$2,200 - $3,000
2 Bed634 - 1100 SQFT
Average Cost Per Sqft$1,047
Sales Price Range$840,000 - $1,400,000
Rental Price Range$2,500 - $3,500
2 Bed + Den900 - 955 SQFT
Average Cost Per Sqft$1,055
Sales Price Range$858,000 - $1,260,000
Rental Price Range$3,000 - $3,600
3 Bed + Den955 - 955 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$4,900 - $4,900

How Often Are Units Listed?

Studio317 - 1120 SQFT
Average Sales Availability
Every158Days
Average Rental Availability
Every49Days
Ratio of Unit Type in Building8%
1 Bed378 - 1145 SQFT
Average Sales Availability
Every66Days
Average Rental Availability
Every28Days
Ratio of Unit Type in Building20%
1 Bed + Den600 - 1126 SQFT
Average Sales Availability
Every48Days
Average Rental Availability
Every27Days
Ratio of Unit Type in Building29%
2 Bed600 - 2500 SQFT
Average Sales Availability
Every54Days
Average Rental Availability
Every22Days
Ratio of Unit Type in Building31%
2 Bed + Den900 - 3000 SQFT
Average Sales Availability
Every112Days
Average Rental Availability
Every98Days
Ratio of Unit Type in Building12%
3 Bed + Den955 - 3200 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every351Days
Ratio of Unit Type in Building1%

Maintenance Fees
London on the Esplanade vs The St. Lawrence Area

$0.11
Less Expensive
per SQFT compared to the neighbourhood average
London on the Esplanade's Avg
monthly maintenance
fee per SQFT
$0.71
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.82
/ SQFT

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