pin_buy15 Grenville St
4Listings for Salefor Sale
8Listings for Rentfor Rent
building_buyKarma Condos
pin_buy15 Grenville Stexpand addresses list
    building_buyKarma Condos
    4Listings for Salefor Sale
    8Listings for Rentfor Rent
    Walkability
    10/10
    Transit
    10/10
    Bikeability
    7/10
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Lifetime Developments
    Condo Completion
    2016
    Property Management
    First Service Residential
    Unit Size Range
    251 - 921 SQFT
    Number of Units
    495
    Number of Storeys
    50

    15 Grenville St, Toronto

    About this condo

    Condo Overview

    Renowned for their ability to recognize bourgeoning neighbourhoods, Lifetime Developments has chosen well yet again: 15 & 21 Grenville Street is an exciting location in Toronto’s Discovery District. Long attracting researchers and tech entrepreneurs to the area, this new residential development, the Karma Condos, is a suitably smart addition to an area well-known for its brilliant demographic.

    Completed in 2016, these downtown Toronto condos comprise 50-stories of contemporary urban excellence, thanks to a brilliant design by ArchitectsAlliance. Best characterized by its subtle accents and arrangements, these condos cultivate a sophisticated aesthetic.

    The grid of glass window panels on the east and west sides of the tower balance the lines of the long balconies running along the north and south sides. This interplay gives the design its striking confidence, without the need for any flashy adornments.

    At street level, the podium is both elegant and efficient. Encased in glass, the lobby features a 24-hour concierge service – though it’s the soaring columns which give 15 & 21 Grenville a grand impression. Moreover, these columns allow for the preservation of parts of the historic building that formerly stood at this location. This charming accent perfectly balances the aptly named Karma Condos.

    Additionally, the podium holds an alluring retail area, as well as many of the building's generous amenities. This includes a state-of-the-art gym with an adjoining steam room, a theatre room, and, guest suites.

    Atop the podium, residents enjoy a spacious terrace featuring exceptional landscape design by Strybos Barron King; the terrace gives residents a vibrant green escape that’s unexpected so deep in the downtown Core.

    The Suites

    Located so close to universities and research hospitals, many young professionals will be attracted to this property. It holds 495 Toronto condos, which range in size from approximately 300 to 900 square feet. This range includes bachelor, one and two bedroom suites, and the option of a den as well.

    Regardless of actual size, the trusted Lifetime Developers have ensured all these homes are comfortable and stylish. With a strong base of engineered hardwood flooring throughout, smooth ceilings, and floor-to-ceiling windows, the suites’ finishes are certainly elegant and on par with most luxury condos.

    The designers at Cecconi Simone have chosen wonderful accents for the suites, culminating in their distinctively modern yet welcoming atmosphere. This is best represented by the elegant and efficient European kitchen cabinetry – both streamlined and spacious. Prices could be seen as a deterrent for some buyers, as Bay St condos for sale generally have high price tags, and this building in particular has one of the highest prices per square foot in downtown Toronto.

    The Neighbourhood

    Residents of Karma Condos will enjoy living so close to Yonge Street. Shoppers adore the selection of stores which includes all the major brands, as well as many eclectic and local retailers. Whether seeking inexpensive essentials or high-end goods, residents can find what they want and need nearby.

    Foodies will especially enjoy the offerings in the area. Residents can explore an almost endless array of restaurant options: delicious bowls of ramen, gourmet burgers, banh mis, burritos, all-day brunch, and more are all walking distance from home.

    Still, one can’t eat out every day, so residents will be happy to hear that there is a Loblaws just down the street, at the corner Carlton and Church. Located in the historic Maple Leaf Gardens, its selection can’t be beat by any other downtown grocer. Additionally, College Park is also nearby - its Metro and LCBO are very convenient.

    Transportation

    Being close to many universities, offices, and hospitals means there are many transportation options available to residents . Just around the corner, inside College Park, they can access the subway at College Station on the Yonge-University-Spadina line.

    Alternatively, accessible at street level on College, the 506 Carlton streetcar is a great option for traveling throughout the Core. Along its route west to High Park and east to Broadview station, the 506 stops about two minutes from 15 & 21 Grenville at the Yonge and College.

    Lastly, Karma residents who drive need not head far to find the highway. They can just follow Bay to Bloor, and then head east to the Don Valley Parkway access point, just after the bridge.

    8

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Games Room
    Visitor Parking
    Guest Suites
    Gym
    Security System
    Party/Meeting Room
    Rooftop Deck/Garden
    Sauna
    BBQ
    Media Room
    Concierge

    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
    Karma Condos vs The Bay St. Corridor Area

    $398.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Karma Condos's Avg
    price per SQFT
    $1,566
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,168
    / SQFT

    Building Trends At Karma Condos

    Days on Market

    Units at Karma Condos spend an average of
    13
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    12%
    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

    12%
    Increase in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 32 condos in the Bay St. Corridor area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    107
    Units were Rented over the past twelve months

    Best Value

    Karma Condos offers the
    ?
    best value out of 32 condos in the Bay St. Corridor neighbourhood

    Return on Investment

    Karma Condos has the
    ?
    highest ROI out of 32 condos in the Bay St. Corridor neighbourhood

    Rental Yield

    Karma Condos yields the
    ?
    highest rent prices out of 32 condos in the Bay St. Corridor neighbourhood

    High Demand

    Karma Condos is the
    ?
    most popular building out of 32 condos in the Bay St. Corridor neighbourhood

    Sales vs Rental Values For This Condo

    Studio251 - 495 SQFT
    Average Cost Per Sqft$1,431
    Sales Price Range$440,000 - $450,000
    Rental Price Range$1,650 - $2,100
    1 Bed352 - 614 SQFT
    Average Cost Per Sqft$1,376
    Sales Price Range$720,000 - $802,000
    Rental Price Range$2,050 - $2,780
    1 Bed + Den500 - 582 SQFT
    Average Cost Per Sqft$1,444
    Sales Price Range$769,800 - $930,000
    Rental Price Range$2,280 - $3,100
    2 Bed649 - 849 SQFT
    Average Cost Per Sqft$1,297
    Sales Price Range$946,000 - $1,138,000
    Rental Price Range$2,750 - $4,300
    2 Bed + Den803 - 921 SQFT
    Average Cost Per Sqft$1,313
    Sales Price Range$1,150,500 - $1,150,500
    Rental Price Range$3,250 - $4,000

    How Often Are Units Listed?

    Studio251 - 495 SQFT
    Average Sales Availability
    Every209Days
    Average Rental Availability
    Every25Days
    Ratio of Unit Type in Building10%
    1 Bed352 - 700 SQFT
    Average Sales Availability
    Every37Days
    Average Rental Availability
    Every8Days
    Ratio of Unit Type in Building35%
    1 Bed + Den500 - 649 SQFT
    Average Sales Availability
    Every43Days
    Average Rental Availability
    Every10Days
    Ratio of Unit Type in Building30%
    2 Bed600 - 849 SQFT
    Average Sales Availability
    Every53Days
    Average Rental Availability
    Every15Days
    Ratio of Unit Type in Building21%
    2 Bed + Den803 - 921 SQFT
    Average Sales Availability
    Every174Days
    Average Rental Availability
    Every49Days
    Ratio of Unit Type in Building7%

    Maintenance Fees
    Karma Condos vs The Bay St. Corridor Area

    $0.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Karma Condos's Avg
    monthly maintenance
    fee per SQFT
    $0.79
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.79
    / SQFT

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