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    1231 Yonge Street

    0for Sale
    0for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    4
    Number of Units:
    40
    Condo Completion:
    1999
    Condo Demand:
    No Data
    Unit Size Range:
    614 - 1,753 SQFT
    Unit Availability:
    Low

    Listing History for The Orion

    Receive listing updates for Summerhill

    Amenities

    Security System
    Indoor Parking
    Rooftop Deck
    Bike Storage
    Visitor Parking
    Party Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 1231 Yonge StreetThe Orion

    For simple and comfortable living, the Orion Condos at 1231 Yonge Street are the perfect choice. These homes are also ideal for anyone looking for that quintessential midtown Toronto experience. What used to be an office building was converted and updated in 1999, to serve the expanding residential needs of the Summerhill neighbourhood. The Orion Condos is 4 storeys tall, and houses 40 units.

    For the historically curious: Summerhill is named after the ‘Summer Hill’ house in which stage coach driver and entrepreneur Charles Thompson lived. When the Northern Railway was built in 1853 and dried up Thompson’s coach driving business, he established one of Toronto’s oldest amusement parks, complete with rides, swimming and a dance pavilion.

    For a building this size, 1231 Yonge Street has quite a few amenities to make condo living more convenient. The building has a rooftop deck, a multi-purpose reception room, security system, and visitor and resident underground parking. As well, conveniently located retail space can be found on the ground floor of the building.

    The Suites

    The suites at 1231 Yonge Street feature modern, bright, open concept interiors with balconies, and patios on ground floor units. Kitchens in the Orion Condos feature breakfast bars, and units boast slate or hardwood floors.

    With homes ranging from 614 square feet to 1765 square feet, Toronto condos for sale in this building can suit the preferences of prospective buyers who are looking for multiple bedrooms, bathrooms, or the addition of a den in their suite.

    The Neighbourhood

    There is no shortage of places to visit, shop and eat close to the Orion Condos: a 5 minute walk will bring residents to several bars, restaurants and coffee shops, many of which are local to the area.

    Whether you’re looking for a high-end setting, or more rustic place to relax, a brief trip north or south can bring you to what you’re looking for. Additionally, there are several banks, hardware stores, pharmacies and other errand-running locations, all within 1 kilometer of the Orion Condos.

    For green space close by, there’s the massive David A. Balfour Park just a block away. If a smaller park is what you’re looking for, Lionel Conacher Park or Pricefield Playground are around the corner as well.

    For a night out on the town, the local Cineplex at 1303 Yonge Street is just one block north of the building. If you’re looking to head downtown to the financial or entertainment districts, one southward subway trip via Summerhill Station will bring you close to venues like the Royal Ontario Museum, Koerner Concert Hall, the Gardiner Museum and Queens Park.

    Transportation

    Being this close to the city’s center has its perks, especially if you need to get around. There are 5 TTC bus routes within a kilometer of 1231 Yonge Street, two of which have stops right next to the building’s entrance. Additionally, there’s the St. Clair streetcar route, just to the north.

    Most notably, the Summerhill Subway Station is only a 3 minute walk away. For those who prefer to drive, the closest highway is the Don Valley Parkway, which can be accessed via Bayview Avenue.

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    Explore Summerhill

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar condos

    Demographics

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

    Population
    16,267
    Average Individual Income
    $77,285
    Average Household Size
    3 persons
    Average Age
    39
    Average Household Income
    $130,210
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    17%
    20 - 34
    21%
    35 - 49
    21%
    50 - 64
    23%
    65+
    15%
    Household Income
    $0 - $30,000
    42%
    $30,000+
    25%
    $60,000+
    15%
    $90,000+
    9%
    $125,000+
    7%
    Housing Types & Tenancy
    Detached
    69%
    Semi Detached
    11%
    Duplex
    7%
    Low Rise Apartment
    5%
    High Rise Apartment
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    84%
    Other
    8%
    Mandarin
    2%
    Cantonese
    2%
    Tagalog
    1%
    Urdu
    1%
    Tamil
    1%
    Punjabi
    1%
    Education
    University and Above
    29%
    High School
    28%
    College
    21%
    None
    13%
    Apprenticeship
    4%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    14%
    Health & Related Fields
    12%
    Math & Computer Sciences
    6%
    Humanities
    5%
    Education
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    The Orion vs The Summerhill Area

    Days on Strata

    Units at The Orion spend an average of
    N/A
    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 a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Summerhill

    Turnover of Units

    On average, each unit is owned for
    6.4
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 23 condos in the Summerhill area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    The Orion offers the
    ?
    best value out of 23 condos in the Summerhill neighbourhood

    Appreciation Rank

    The Orion has the
    ?
    highest ROI out of 23 condos in the Summerhill neighbourhood

    Rental Yield

    The Orion yields the
    ?
    highest rent prices out of 23 condos in the Summerhill neighbourhood

    High Demand

    The Orion is the
    ?
    most popular building out of 23 condos in the Summerhill neighbourhood

    Transaction Insights at 1231 Yonge Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo DataNo DataNo DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability1349 Days638 Days545 DaysNo DataNo Data
    Ratio of Units in Building18%21%52%7%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Summerhill