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    40 Scollard Avenue W & 40 Scollard Street

    2for Sale
    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    15
    Number of Units:
    96
    Condo Completion:
    1991
    Condo Demand:
    Medium
    Unit Size Range:
    549 - 900 SQFT
    Unit Availability:
    Low

    Listing History for 40 Scollard

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    Amenities

    Gym Room
    Sauna
    Squash Court
    Party Room
    Indoor Parking
    Security System

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 40 Scollard Avenue W40 Scollard

    Standing 15 storeys tall at 40 Scollard Street, 40 Scollard has been offering affordable units in Yorkville since 1991 — and if you thought that ‘affordable units’ was a typo, it isn’t, there are actually Yorkville condos for sale that won’t cost you an arm, a leg, and part of an organ.

    The building was originally conceived as an extended stay hotel, which is evident in the exterior hotel-like design. As a resident of this building you gain access to recreational amenities such as a squash court, fitness centre, sauna, party room, 24 hour concierge, security guard, and parking garage.

    A very nice plus for animal lovers is that this building has pet friendly policies — residents are permitted one pet per unit without weight restrictions, although Pitbulls and Rottweilers are not permitted. With such affordable units, this building is a perfect choice for first time home buyers, and also well suited to couples or empty nesters.

    The Suites

    40 Scollard is home to 96 downtown Toronto condos, and unlike most building which offer a wide array of layouts, all units are either 1 bedroom or 1 bedroom + den. Suite sizes range from 644 square feet to 703 — considering that most 1 bedrooms in the city are under 500 square feet, you get great value with a unit here.

    Given that this is an older building, many units have seen their share of personalization over the years so finishes are likely to vary. Interested buyers can expect hardwood floor, enclave kitchens, modern bathrooms, ensuite laundry, and large bedrooms. It’s possible that some units could have dated finishes, but that makes for an excellent investment opportunity.

    The Neighbourhood

    Yorkville is renowned for its shopping and dining experiences — which is great, because with all the money you save on your condo, you’ll have plenty left over. Shopaholics can stroll south on Bay for upscale boutiques on Bloor; once there, you have your pick of all the top brands like Gucci, Prada, Brooks Brothers, Louis Vuitton, Coach, and Tiffany and Co.

    For dining, some of the best restaurants in the city are on your doorstep. Lee Chen Asian Bistro is on Yonge, on Yorkville Ave you have acclaimed spots like Blu Ristorante, Trattoria Nervosa, Chabro, Kasa Moto, STK Toronto and more. For seafood there’s Joso's on Davenport, plus countless others. There are also well known fast food chains like McDonald’s — but if you moved to Yorkville for McDonald’s, then you’re doing it wrong.

    Entertainment options are vast here, and it’s all just a matter of taste. Culture lovers can take in the latest exhibits at the ROM and Gardner Museum, art aficionados can tour galleries on Hazelton Avenue, and fans of the performing arts have a plethora of theatres nearby. And if all you want is a relaxing drink, The Pilot and The Bishop and Belcher are just around the corner.

    Transportation

    Drum roll please — 40 Scollard Street boasts a parade worthy 100 Walk Score, making it easy for residents to run errands on foot; even groceries area cinch with Pusateri's Fine Foods on Yorkville Ave and a Rabba Fine Foods on Asquith Ave.

    Those who rely on public transit have bus stops on Davenport, Bay, Yonge, and Yorkville Ave — and should you need to subway lines, Bay Station is less than a 5 minute walk away.

    Car owners have it easy here as well; for the Don Valley Parkway, drivers can head south to Bloor and then east for the Danforth on-ramp.

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    2

    Listings For Sale

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    2

    Listings For Rent

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    Explore Yorkville

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    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
    16,960
    Average Individual Income
    $62,918
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $103,235
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    26%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    37%
    Detached
    30%
    Semi Detached
    16%
    Low Rise Apartment
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    76%
    Mandarin
    11%
    Cantonese
    7%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Korean
    1%
    Education
    University and Above
    39%
    High School
    23%
    College
    16%
    None
    13%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    40 Scollard vs The Yorkville Area

    Days on Strata

    Units at 40 Scollard spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    10.2
    YEARS before being sold again

    Property Value

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

    Price Ranking

    20th
    Highest price per SQFT out of 57 condos in the Yorkville area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    16
    Units were Rented over the past twelve months

    Best Value Rank

    40 Scollard offers the
    ?
    best value out of 57 condos in the Yorkville neighbourhood

    Appreciation Rank

    40 Scollard has the
    ?
    highest ROI out of 57 condos in the Yorkville neighbourhood

    Rental Yield

    40 Scollard yields the
    ?
    highest rent prices out of 57 condos in the Yorkville neighbourhood

    High Demand

    40 Scollard is the
    ?
    most popular building out of 57 condos in the Yorkville neighbourhood

    Transaction Insights at 40 Scollard Avenue W

    1 Bed1 Bed + Den
    Price Range$622,000 - $710,000$647,500 - $650,000
    Avg. Cost Per Sqft$1,038$1,008
    Avg. Wait for Unit Availability141 Days186 Days
    Ratio of Units in Building66%35%

    Unit Sales vs Inventory

    Total number of units listed and sold in Yorkville