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    London on the Esplanade

    38 The Esplanade & 1 Scott Street

    5for Sale
    4for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    32
    Number of Units:
    444
    Condo Completion:
    2009
    Condo Demand:
    Medium
    Unit Size Range:
    317 - 3,200 SQFT
    Unit Availability:
    Medium

    Listing History for London on the Esplanade

    Amenities

    Media Room
    Security System
    Indoor Parking
    Games Room
    BBQ
    Concierge

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 38 The EsplanadeLondon on the Esplanade

    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.

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    Nearby Amenities

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

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

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Days on Strata

    Units at London on the Esplanade spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    6.4
    YEARS before being sold again

    Property Value

    3%
    Increase in property value within the past twelve months

    Price Ranking

    10th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    51
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

    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

    Transaction Insights at 38 The Esplanade

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$519,800 - $940,000$715,000 - $785,000$835,000 - $1,285,000$960,000 - $1,110,000$1,900,000No Data
    Avg. Cost Per SqftNo Data$999$1,091$1,122$1,099$1,199No Data
    Avg. Wait for Unit Availability158 Days70 Days52 Days58 Days105 DaysNo DataNo Data
    Ratio of Units in Building8%21%29%31%12%1%1%

    Maintenance Fees

    London on the Esplanade vs The St. Lawrence Area

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