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    3088 Kennedy Road

    Villa Elegance
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    3for Sale
    0for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    131
    Condo Completion:
    1999
    Condo Demand:
    Low
    Unit Size Range:
    599 - 1,318 SQFT
    Unit Availability:
    Medium

    Listing History for Villa Elegance

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    Amenities

    Security System
    Car Wash
    Gym Room
    Media Room
    Rec Room
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 3088 Kennedy RoadVilla Elegance

    Villa Elegance is something of a hybrid: it’s not quite a nursing home, nor does it constitute assisted living; rather, 3088 Kennedy Road is a condo that just so happens to be geared toward aging residents. This makes the building well suited for independent seniors who don’t want to pay an arm and a leg to live in a retirement community, where they’d be shelling out cash for services they don’t need.

    Built in 1999 by Tridel, 3088 Kennedy Rd is a mid-sized building containing 131 Toronto condos spread out over 12 storeys. Seeing as the average age for residents sits in the low 80s, the amenities at 3088 Kennedy target this particular demographic. In addition to standard amenities like a party room, games room, and gym, the building also features on-site, 24-hour emergency medical care, as well as recreation and wellness programming.

    The Suites

    The homes at 3088 Kennedy Rd range in size from around 550 to 1,200 square feet, and contain one bedroom, two bedrooms, or two bedrooms plus a den. Condo seekers interested in the building can expect traditional layouts that feature separate kitchens, some of which contain pass-through windows.

    The Neighbourhood

    Steeles is a perfect spot for seniors looking to relax. The Scarborough neighbourhood stretches from Victoria Park to Midland, and from Steeles down to McNicoll Avenue. Steeles contains a combination of green space and commercial businesses, many of which are a short walk away from 3088 Kennedy Rd.

    Residents, for example, can walk just 500 metres in order to reach L’Amoreaux Park North, which contains walking trails and an idyllic pond. It’s also helpful having a pharmacy right around the corner, at Kennedy Road and McNicoll. Those who are feeling slightly more adventurous can also head over to Midland Avenue, where they’ll find an array of restaurants — many of which serve up authentic Chinese fare.

    Residents who prefer to get their exercise by mall walking, on the other hand, can head up Kennedy to Pacific Mall. And when walkers get tired of exploring this Asian shopping centre, they can head to the food court for a bite to eat.

    Transportation

    With 3088 Kennedy Rd situated at the intersection of two major roads, residents who prefer not to drive can still get around the city with ease. The 42 Cummer bus carries passengers along McNicoll Avenue, and as far west as Finch Station on the Yonge subway line. Those heading south, on the other hand, can use the 43 Kennedy bus to do so, which stops just a few steps north of Villa Elegance. And when residents want to leave the city altogether, they can simply hop on a GO Train departing from Miliken Station.

    As for prospective residents who plan to get around by car, Kennedy can be used to reach the 401 in no time, while McNicoll provides access to the 404. The drive down to the Entertainment District takes as little as 25 minutes when traffic cooperates, and attractions like Yorkdale Mall and the Beaches can be reached in around the same time.

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    Explore Steeles

    5/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    6/10
    Transit
    You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
    6/10
    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
    5,853
    Average Individual Income
    $72,020
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $135,029
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    20 - 34
    23%
    35 - 49
    18%
    50 - 64
    24%
    65+
    18%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    28%
    $60,000+
    12%
    $90,000+
    5%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    47%
    Semi Detached
    33%
    Low Rise Apartment
    10%
    Duplex
    9%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    70%
    Other
    14%
    Tamil
    4%
    Urdu
    3%
    Tagalog
    3%
    Mandarin
    3%
    Gujarati
    2%
    Bengali
    1%
    Education
    High School
    31%
    University and Above
    25%
    College
    17%
    None
    17%
    Apprenticeship
    4%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    19%
    Health & Related Fields
    17%
    Social Sciences
    10%
    Physical Sciences
    6%
    Math & Computer Sciences
    6%
    Personal, Protective & Transportation Services
    4%
    Humanities
    3%
    Education
    3%

    Maintenance Fees

    Villa Elegance vs The Steeles Area

    Days on Strata

    Units at Villa Elegance spend an average of
    72
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Steeles

    Turnover of Units

    On average, each unit is owned for
    7.9
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 14 condos in the Steeles area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    Villa Elegance offers the
    ?
    best value out of 14 condos in the Steeles neighbourhood

    Appreciation Rank

    Villa Elegance has the
    ?
    highest ROI out of 14 condos in the Steeles neighbourhood

    Rental Yield

    Villa Elegance yields the
    ?
    highest rent prices out of 14 condos in the Steeles neighbourhood

    High Demand

    Villa Elegance is the
    ?
    most popular building out of 14 condos in the Steeles neighbourhood

    Transaction Insights at 3088 Kennedy Road

    1 Bed2 Bed2 Bed + Den
    Price Range$380,000 - $386,000$453,000 - $523,000$550,000
    Avg. Cost Per Sqft$627$514$454
    Avg. Wait for Unit Availability104 Days78 Days3010 Days
    Ratio of Units in Building33%65%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Steeles