115 McMahon Drive & 117 McMahon Drive & 113 Mcmahon Drive

Everything You Need to Know About 115 McMahon Drive

If you’re looking for a North York condo for sale, then Opus and Omega on the Park Condos is a great choice. Standing 36 storeys tall at 115 McMahon Drive, this development provides residents with an excellent starting point to explore the Bayview Village neighbourhood. The property is comprised of 740 units, ranging in size from 400 to 2400 square feet.

Price of condos at 115 McMahon Drive

According to sales data from the past 12 months, the average condo price ranges from $500,000 for a studio, all the way up to $1,250,000 for a 3 bedroom plus den. Rental prices can span anywhere from $1,700 to $4,600 a month.

On average, units sell -0.51% below the list price, and have a medium chance of receiving multiple offers (aka a “bidding war”). Meanwhile, rental units are $3.78 per square foot.

Units in this complex are among the most expensive in the area with an average cost per-square-foot of $989. They typically sell with 27 days on market on average.

How many condos have sold and rented at 115 McMahon Drive?

Over the past 12 months, 40 units have sold and 138 have been rented here.

There are currently 9 suites on the market for sale, and 4 for rent. On average, a condo will sell in 15 days and rent in 12, meaning this condo is in high demand.

The Suites

The suites here are versatile, offering a wide range of sizes. Units contain anywhere from one bedroom to three bedrooms plus a den, with floor plans spanning between 400 and 2,400 square feet.

The interiors are not only modern, but also spacious at the same time. That’s probably thanks to open-concept layouts, allowing the kitchen and living areas to flow seamlessly from one to the other. In many of the suites, you’ll find built-in appliances, marble backsplashes and quartz countertops. The bathrooms have a spa-like feel, with some of them featuring rain showerheads and oversized vanities.

What amenities does Opus and Omega on the Park Condos offer?

Many of the amenities that condo residents have come to value can be found here. These are just some of the amenities offered:

• Concierge
• Indoor Pool
• Tennis Court
• Rooftop Deck & Garden
• Car Wash
• Party Room

Condo Fees

Maintenance fees are $0.77 per-square-foot. This is lower than the neighbourhood average of $0.83 per-square-foot.

Condo fees include heat, air conditioning, and water. But residents must pay separately for hydro.

The Neighbourhood

Living at 115 McMahon Drive here means there are plenty of dining options. They include J&Y Chinese Cuisine, Shatter Abbas Express, and Sunshine Spot — all within a 10-minute walk. You can also get to know Bayview Village by exploring local cafes like Lettieri Espresso Bar and Coffee Garden, just a short drive away.

Meanwhile, grocery shopping is never a chore with stores such as Pusateri's Fine Foods and Loblaws in the area. There are a number of banks closeby, including BMO Bank of Montreal and Hana Bank Canada for all your investment needs. And for those who like to shop, Bayview Village Shopping Centre and IKEA North York are right around the corner.

Getting some fresh air is also a breeze because excellent green spaces like Woodey Park and Talara Park are both walkable in under 7 minutes.

For young families — this condo is a short drive from Shaughnessy Public School, Dallington Public School and Lescon Public School, offering plenty of choice for your child’s education. If you're open to commuting, a quick transit ride offers even more options, including Webtree Academy Private High School Toronto, Metropolitan Preparatory Academy and Brooklyn College.

What is the walk score of 115 McMahon Drive?

Opus and Omega on the Park Condos has a decent walk score of 54, meaning some errands can be done on foot, but many will likely require a car. The transit score is 72, making it easy to get around with public transportation. For anyone with a bike, this neighbourhood offers some cycling infrastructure, with a bike score of 53.

What is the local real estate market like?

North York’s Bayview Village neighbourhood has an active market for both buyers and renters. In terms of resale, the landscape is relatively balanced with properties selling within 1% below or under the asking price.

The rental market also remains balanced with units, on average, being leased out at their asking price.

Building Age

Completed in 2019 by Concord Developments, this condo has been a solid addition to the Bayview Village neighbourhood.

Transportation

Residents here can walk 6 minutes north to catch the Sheppard Avenue bus, which will take them east to Leslie subway station, so they can get to Scarborough. Or commuters can head west to Bayview station, where they can connect to other parts of North York.

Motorists, however, can easily drive to all areas of Toronto and the outlying suburbs, given the condo’s close proximity to Highway 401.

Summary

It can be very competitive to get into 115 McMahon Drive, given its convenient location and local amenities. After all, this development ranks the most expensive, compared to 33 others in the Bayview Village neighbourhood. However, if you can manage to score a unit, your efforts may be well worth it. For instance, properties here have risen in value by about 14% in the past 12 months.

But if you’re curious about similar buildings in this area, you might want to consider 121 McMahon Dr, 72 Esther Shiner Blvd, and 780 Sheppard Ave East.