Cinema Tower
4Listings for Salefor Sale
4Listings for Rentfor Rent
21 Widmer St
Cinema Tower
21 Widmer Stexpand addresses list
    4Listings for Salefor Sale
    4Listings for Rentfor Rent
    Walk Score
    99
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Daniels Corporation
    Condo Completion
    2013
    Property Management
    Larlyn Property Management
    Unit Size Range
    335 - 1600 SQFT
    Number of Units
    440
    Number of Storeys
    43

    21 Widmer St, Toronto

    About this condo

    Condo Overview

    The Cinema Tower Condos was likely named for its extremely close proximity to Toronto’s acclaimed TIFF Bell Lightbox — the two buildings back onto one another. Thankfully for culture addicts, 21 Widmer is situated in the King West neighbourhood and surrounded by entertainment venues galore, including the 14-screen Scotiabank Theatre and the Princess of Wales Theatre.

    Daniels Corporation and Kirkor Architects evidently understood the need to prioritize density when building the Cinema Tower Condos, resulting in a building that’s 440 units large. Soaring to 43 storeys tall, the high-rise, glass and steel clad edifice with rounded balconies was completed in 2013.

    The six-storey podium at 21 Widmer houses retail businesses on the lowest level and the exclusive “Club Cinematheque” on the highest. In the latter, residents have access to a gym with a multi-use sports court, as well as a sauna, movie theatre, rooftop terrace with barbecues, games room, meeting room, and party room. A concierge and security guard are onsite to ensure the building functions smoothly, while visitor parking and guest suites make life easier for guests of residents.

    And to top it all off, environmentally conscious buyers will feel like they’ve done their part when purchasing a home at the Cinema Tower. Not only is rainwater harvested in the building, but there are also separate garbage chutes to promote recycling. Even the parking garage encourages green commutes, thanks to its rideshare program and bike parking.

    The Suites

    Unfortunately for prospective buyers who are sold on the building, some of the original buyers aren’t going anywhere any time soon — a handful of individuals were able to purchase rent-to-own units back in 2013. On the other hand, with over 400 suites, Toronto condos for sale in the Cinema Tower are bound to make rather frequent appearances on the market.

    The enormous quantity of units also makes for a good amount of variety in terms of size and layout. Suites begin at around 400 and reach to approximately 1,500 square feet, and floor plans vary from studios to three bedroom homes. As a result, the building is filled with living spaces suitable for single professionals and child-free couples, as well as budding families.

    The interiors at 21 Widmer are elegant yet unfussy. Hardwood and ceramic floors can be found throughout the building, complemented by 9-foot ceilings. The bathrooms are especially impressive spaces, with their spacious bathtubs, low-flow sinks, and dual flush toilets.

    The Neighbourhood

    How can life ever be boring when living in the middle of the Entertainment District of Canada’s biggest metropolis? Even without leaving the immediate area, residents can find new things to do all the time.

    The Rogers Centre and the Scotiabank Arena take less than 10 and 20 minutes to reach by foot, respectively. At both of these venues, sports fans can cheer on their favourite teams, while music buffs can go crazy at some of the city’s biggest concerts. While residents may not visit the CN Tower or Ripley’s Aquarium regularly, the close proximity to these downtown Toronto attractions comes in handy when out-of-towners come to visit.

    Gathering groceries is hardly a chore when living at 21 Widmer, thanks to the Independent City Market that’s a 3-minute walk away from home. Alternatively, residents can walk 6 minutes to the corner of King and Spadina, where they can stock up at both Fresh & Wild Food Market and the LCBO across the street.

    Transportation

    Getting around the city is a breeze with an address like 21 Widmer, regardless of one’s preferred method of transportation. In less than 2 minutes, residents can walk to a streetcar stop on King Street at John, from which one can head east or west at any hour of the day. Travelers heading north and south via public transit can either walk to Spadina to the west or University to the east, with the former offering connections onto streetcars and the latter onto subway trains.

    Drivers, on the other hand, are equally well positioned when living at the Cinema Tower Condos. Adelaide and Richmond are both nearby one-way streets that allow cars to bypass more congested major roads. Spadina can be used to reach the Gardiner Expressway in a matter of minutes, while University can be used to drive as far north as the 401.

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    Listings For Sale

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    Listings For Rent

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    Amenities

    Party/Meeting Room
    Underground Parking
    Games Room
    Visitor Parking
    Business Centre
    Rooftop Deck/Garden
    Security System
    BBQ
    Guest Suites
    Gym
    Media Room
    Concierge
    Indoor Pool

    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
    Cinema Tower vs The King West Area

    $99.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Cinema Tower's Avg
    price per SQFT
    $1,133
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,034
    / SQFT

    Building Trends At Cinema Tower

    Days on Market

    Units at Cinema Tower spend an average of
    15
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    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
    5.8
    YEARS before being sold again

    Property Value

    4%
    Increase in property value within the past twelve months

    Price Ranking

    14th
    Highest price per SQFT out of 92 condos in the King West area

    Sold Units

    39
    Units were Sold over the past twelve months

    Rented Units

    112
    Units were Rented over the past twelve months

    Best Value

    Cinema Tower offers the
    ?
    best value out of 92 condos in the King West neighbourhood

    Return on Investment

    Cinema Tower has the
    ?
    highest ROI out of 92 condos in the King West neighbourhood

    Rental Yield

    Cinema Tower yields the
    ?
    highest rent prices out of 92 condos in the King West neighbourhood

    High Demand

    Cinema Tower is the
    ?
    most popular building out of 92 condos in the King West neighbourhood

    Sales vs Rental Values For This Condo

    Studio371 - 474 SQFT
    Average Cost Per Sqft$1,017
    Sales Price Range$430,000 - $485,000
    Rental Price Range$1,300 - $1,800
    1 Bed513 - 712 SQFT
    Average Cost Per Sqft$1,081
    Sales Price Range$550,000 - $795,000
    Rental Price Range$1,680 - $2,700
    1 Bed + Den600 - 821 SQFT
    Average Cost Per Sqft$1,072
    Sales Price Range$678,000 - $843,000
    Rental Price Range$2,000 - $2,800
    2 Bed849 - 900 SQFT
    Average Cost Per Sqft$962
    Sales Price Range$855,000 - $990,000
    Rental Price Range$2,750 - $3,400

    How Often Are Units Listed?

    Studio335 - 483 SQFT
    Average Sales Availability
    Every117Days
    Average Rental Availability
    Every40Days
    Ratio of Unit Type in Building8%
    1 Bed400 - 791 SQFT
    Average Sales Availability
    Every21Days
    Average Rental Availability
    Every9Days
    Ratio of Unit Type in Building44%
    1 Bed + Den600 - 883 SQFT
    Average Sales Availability
    Every30Days
    Average Rental Availability
    Every12Days
    Ratio of Unit Type in Building34%
    2 Bed712 - 1166 SQFT
    Average Sales Availability
    Every89Days
    Average Rental Availability
    Every26Days
    Ratio of Unit Type in Building16%
    3 Bed1300 - 1300 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    Every803Days
    Ratio of Unit Type in Building1%
    3 Bed + Den1500 - 1600 SQFT
    Average Sales Availability
    Every155Days
    Average Rental Availability
    Every381Days
    Ratio of Unit Type in Building1%

    Maintenance Fees
    Cinema Tower vs The King West Area

    $0.10
    More Expensive
    per SQFT compared to the neighbourhood average
    Cinema Tower's Avg
    monthly maintenance
    fee per SQFT
    $0.82
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.72
    / SQFT

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