pin_buy121 McMahon Dr & 125-131 McMahon Dr
5Listings for Salefor Sale
3Listings for Rentfor Rent
building_buyTango Condos
building_buyTango Condos
5Listings for Salefor Sale
3Listings for Rentfor Rent
Walkability
6/10
Transit
7/10
Bikeability
6/10
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Above Average
Property Type
Condo
Developer
Concord Adex
Condo Completion
2015
Property Management
Brookfield Property Management
Unit Size Range
370 - 2330 SQFT
Number of Units
370
Number of Storeys
46

121 McMahon Dr, Toronto

About this condo

Condo Overview

The ultramodern look of the Tango Condos is nothing new for the Bayview Village neighbourhood. Glass towers have been rising steadily in this North York neighbourhood for some time now, and 121 McMahon Drive is no exception.

Created in 2015 by Concord Adex — the same developer behind the City Place community — Tango Condos contains 370 units spread out over 46 storeys. The sleek glass tower and its accompanying cubist-inspired townhomes were designed by Page & Steele / IBI Group, with Mike Niven in charge of the interior design and landscape architecture by the Planning Partnership. This property is actually part of a 2 phase development, culminating in the completion of Tango II Condos in 2015.

Thankfully, the architects behind 121 McMahon Dr left plenty of room for amenities, including a games room, indoor swimming pool, and theatre, as well as a gym with tai chi deck and his and hers change rooms. While some of the extras afforded to residents of the Tango Condos are commonplace, such as a concierge, underground parking with visitor spots, and guest suites, the building’s pet spa is slightly more outrageous. Residents can also choose to relax on the building’s rooftop terrace or in the ground-level courtyard, plus the property is equipped with both indoor and outdoor hot tubs.

The Suites

The homes at the Tango Condos range from miniscule to massive, resulting in a diverse group of neighbours living in the building. Those hoping to keep their costs down can check out the smaller Toronto condos for sale and rent at 121 McMahon, which start at around 350 square feet. Alternatively, condo seekers in need of as much space as possible will be glad to hear that the largest units cover a generous 2,300 square feet. What’s more, those looking for something resembling a house rather than a condo are also covered, thanks to the 14 townhouse units.

As with many condos, some finishes and features stay constant throughout the building while others vary from home to home. Throughout the building, prospective residents can expect to find laminate flooring, plus thermofoil cabinetry and granite countertops in kitchens and bathrooms. Some suites, on the other hand, boast premium elements including upgraded appliances and premium cabinetry hardware.

The Neighbourhood

When prospective residents first roll up for a viewing at the Tango Condos, they’ll immediately notice a set of flags proudly waving outside the building. These aren’t flags expressing support for any particular country, but rather the red, orange, and blue signifies an important neighbour: IKEA. And while we don’t expect residents to redecorate on the regular, it’s still useful having a store filled with inexpensive home goods and Swedish meatballs right next door.

Besides IKEA, residents living at 121 McMahon Dr also live within close proximity of Canadian Tire, Mountain Equipment Coop, and Bayview Village Shopping Centre. The latter is home to two grocery stores, a Pusateri’s and a Loblaws, as well as a Toronto Public Library branch.

Transportation

Travelling to and from the building is easy, whether residents have access to a car or not. Leslie and Bessarion subway stations are each less than a kilometer away, and from either of these passengers can take a quick ride west toward Sheppard-Yonge station to connect onto the Yonge line.

As for drivers, the 401 can be reached in about two minutes by heading east on Esther Shiner and south along Leslie. This major highway comes in handy for residents headed east to Scarborough or the Don Valley Parkway, as well as those journeying west to Mississauga or to Pearson International Airport.

5

Listings For Sale

3

Listings For Rent

Amenities

Car Wash
Security System
Party/Meeting Room
Rooftop Deck/Garden
Underground Parking
BBQ
Concierge
Guest Suites
Gym
Sauna
Visitor Parking

Maintenance Fees Cover

Maintenance fees include

None

Owner / renter pays separately

Hydro
Heat
Air Conditioning
Water

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
Tango Condos vs The Bayview Village Area

$98.00
More Expensive
per SQFT compared to the neighbourhood average
Tango Condos's Avg
price per SQFT
$1,066
/ SQFT
Neighbourhood Avg
price per SQFT
$968
/ SQFT

Building Trends At Tango Condos

Days on Market

Units at Tango Condos spend an average of
11
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
11%
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
5.5
YEARS before being sold again

Property Value

16%
Increase in property value within the past twelve months

Price Ranking

12th
Highest price per SQFT out of 33 condos in the Bayview Village area

Sold Units

27
Units were Sold over the past twelve months

Rented Units

66
Units were Rented over the past twelve months

Best Value

Tango Condos offers the
?
best value out of 33 condos in the Bayview Village neighbourhood

Return on Investment

Tango Condos has the
?
highest ROI out of 33 condos in the Bayview Village neighbourhood

Rental Yield

Tango Condos yields the
?
highest rent prices out of 33 condos in the Bayview Village neighbourhood

High Demand

Tango Condos is the
?
most popular building out of 33 condos in the Bayview Village neighbourhood

Sales vs Rental Values For This Condo

1 Bed549 - 686 SQFT
Average Cost Per Sqft$1,000
Sales Price Range$611,800 - $611,800
Rental Price Range$1,750 - $2,200
1 Bed + Den570 - 800 SQFT
Average Cost Per Sqft$966
Sales Price Range$598,000 - $858,000
Rental Price Range$1,880 - $2,450
2 Bed900 - 1099 SQFT
Average Cost Per Sqft$937
Sales Price Range$860,000 - $985,000
Rental Price Range$2,600 - $3,600
2 Bed + Den912 - 1038 SQFT
Average Cost Per Sqft$829
Sales Price Range$840,000 - $945,800
Rental Price Range$2,700 - $3,200
3 Bed1472 - 1472 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$4,500 - $4,500

How Often Are Units Listed?

Studio370 - 430 SQFT
Average Sales Availability
Every46Days
Average Rental Availability
Every280Days
Ratio of Unit Type in Building1%
1 Bed549 - 777 SQFT
Average Sales Availability
Every221Days
Average Rental Availability
Every47Days
Ratio of Unit Type in Building7%
1 Bed + Den549 - 800 SQFT
Average Sales Availability
Every14Days
Average Rental Availability
Every6Days
Ratio of Unit Type in Building69%
2 Bed900 - 1099 SQFT
Average Sales Availability
Every76Days
Average Rental Availability
Every45Days
Ratio of Unit Type in Building10%
2 Bed + Den904 - 1120 SQFT
Average Sales Availability
Every68Days
Average Rental Availability
Every37Days
Ratio of Unit Type in Building12%
3 Bed1099 - 2330 SQFT
Average Sales Availability
Every191Days
Average Rental Availability
Every241Days
Ratio of Unit Type in Building2%
3 Bed + Den1699 - 1800 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every385Days
Ratio of Unit Type in Building1%

Maintenance Fees
Tango Condos vs The Bayview Village Area

$0.04
Less Expensive
per SQFT compared to the neighbourhood average
Tango Condos's Avg
monthly maintenance
fee per SQFT
$0.72
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.76
/ SQFT

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