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    Murano
    by H&R Developments

    38 Grenville Street & 37 Grosvenor Street

    5for Sale
    14for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    33
    Number of Units:
    731
    Condo Completion:
    2009
    Condo Demand:
    Medium
    Unit Size Range:
    326 - 1,261 SQFT
    Unit Availability:
    High
    Property Management:
    Vero Property Management

    Listing History for Murano

    Amenities

    Gym Room
    Rooftop Deck
    Visitor Parking
    Concierge
    Party Room
    Indoor Pool

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 38 Grenville StreetMurano

    Located at 38 Grenville Street and 37 Grosvenor Street, the slogan used to market the Murano Condos sums up what many residential glass towers aspire to be: 'A fusion of art, architecture, and glass'. While some condos fall short of this goal, this property lives up to the expectations set out by its branding.

    Under the direction of H&R Developments, the south tower was completed in early 2009, while the north followed a year later. These towers stretch to 33 storeys, and contain a combined 731 Toronto condos.

    Not only are the towers soaring, but their sizeable footprint makes the entire complex feel massive. The towers sit atop a shared, two-storey podium, which is where a lobby filled with Italian furniture and glass can be found. The podium is also home to plenty of retail spaces on the ground level.

    Peter Clewes of ArchitectsAlliance was responsible for the building’s design, and as the name implies, the aesthetic is an ode to Venetian glass (Murano refers to an Italian island not too far from Venice). Naturally, the façade is sleek, minimalist, and covered in glass from head to toe.

    Residents also have plenty of amenities to enjoy. Fitness fanatics can exercise in the building’s gym and aerobics studio, while purists may prefer to skip the treadmill and run laps on the track instead. Sun worshippers, on the other hand, can likely be found spending their free time lounging on the rooftop terrace, or grilling up a feast on one of the barbecues.

    The building also features an indoor-outdoor swimming pool (made possible thanks to a retractable glass roof), a sauna, party room, and business centre. Friends and family of residents can join in on the fun as well, thanks to the inclusion of guest suites and visitor parking. And just to ensure everything runs smoothly, there’s a concierge and security guard on site.

    The Suites

    The suites at 38 Grenville and 37 Grosvenor range from petite one-bedroom homes to spacious condos that boast two bedrooms plus a den. Units start at approximately 400 square feet and reach to around 1,800, allowing everyone from single professionals to small families to find a place to call home. The largest of suites also come equipped with two bathrooms.

    Although some variation is expected, especially in such an enormous building, all of the suites in the building boast floor-to-ceiling windows and private balconies. Italian Scalvolini kitchens with stainless steel appliances are also the standard, and some suites feature generously sized islands as well.

    The Neighbourhood

    Prospective buyers interested in these towers are likely aware of the bustling neighbourhood that surrounds them. While Bay Street is predominantly filled with office towers and eateries ready to feed those who work within them, a quick walk over to Yonge will land residents amongst a diverse array of retail businesses as well.

    To the west of Murano Condos, residents will find Queen’s Park — a usually tranquil spot for picnicking or catching up on some reading. We say usually because many marches, protests, and celebrations are held at this park throughout the year, seeing as it’s the site of the Ontario Provincial Parliament.

    When it comes time to stock up on groceries, residents can simply head over to College Park, a sizeable shopping centre with a Metro inside. This mall is also home to LCBO, Winners, Sobeys Urban Fresh, and ServiceOntario.

    Many cultural venues also surround 38 Grenville St and 37 Grosvenor St. The Buddies in Bad Times Theatre is just a short walk away, where residents can stay up to date with their local theatre performances. The Royal Ontario Museum and the Gardiner Museum are both 15 minutes away on foot, while the Art Gallery of Ontario takes about 20 minutes to reach.

    Transportation

    Thanks to its central locale in downtown Toronto, residents of Murano condos can reach any corner of the city in no time. Buses running north and south along Bay will come in handy for those without cars of their own, while both the Yonge and University-Spadina subway lines are a short walk away.

    College Station on the Yonge line takes approximately 5 minutes to reach on foot, and the trip over to Queen’s Park Station on the University-Spadina line is just two minutes longer than that. Even Bay Station on the Bloor-Danforth line is less than a 15-minute walk away, from which passengers hop onto subway trains heading east and west across the city.

    Drivers at 38 Grenville and 37 Grosvenor will also make great use of their close proximity to Bloor. A quick ride east along this street brings cars to an on-ramp for the Don Valley Parkway. The DVP can then be used to head south toward the Leslieville neighbourhood or the Port Lands, or north to to 401.

    5

    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

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

    Population
    15,057
    Average Individual Income
    $62,581
    Average Household Size
    0 persons
    Average Age
    2
    Average Household Income
    $102,398
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages
    Arabic
    1%
    Tagalog
    1%
    Mandarin
    9%
    Cantonese
    5%
    Korean
    1%
    Tamil
    1%
    English
    38%
    Other
    44%
    Education
    High School
    20%
    Apprenticeship
    2%
    University and Above
    46%
    College
    15%
    University Below Batchelor
    2%
    None
    12%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    11%
    Architecture & Engineering
    20%
    Humanities
    6%
    Physical Sciences
    5%
    Math & Computer Sciences
    10%
    Social Sciences
    11%
    Education
    3%
    Visual & Performing Arts
    3%
    Business Management
    25%

    Price Trends

    Building Trends At Murano

    Days on Strata

    Units at Murano spend an average of
    22
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.3
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    13th
    Highest price per SQFT out of 34 condos in the Bay St. Corridor area

    Sold Units

    22
    Units were Sold over the past twelve months

    Rented Units

    123
    Units were Rented over the past twelve months

    Best Value Rank

    Murano offers the
    ?
    best value out of 34 condos in the Bay St. Corridor neighbourhood

    Appreciation Rank

    Murano has the
    ?
    highest ROI out of 34 condos in the Bay St. Corridor neighbourhood

    Rental Yield

    Murano yields the
    ?
    highest rent prices out of 34 condos in the Bay St. Corridor neighbourhood

    High Demand

    Murano is the
    ?
    most popular building out of 34 condos in the Bay St. Corridor neighbourhood

    Transaction Insights at 38 Grenville Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$498,000 - $562,000$645,000 - $680,000$745,000 - $810,000$797,000 - $960,000$845,000 - $1,039,000No Data
    Avg. Cost Per Sqft$1,309$1,182$1,179$1,033$1,169No Data
    Avg. Wait for Unit Availability192 Days70 Days39 Days41 Days41 Days1181 Days
    Ratio of Units in Building9%20%28%25%20%1%

    Maintenance Fees

    Murano vs The Bay St. Corridor Area

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