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    L Tower
    by Cityzen Development Corporation

    8 The Esplanade

    9for Sale
    14for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    57
    Number of Units:
    591
    Condo Completion:
    2015
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 2000 SQFT
    Unit Availability:
    Medium
    Property Management:
    Del Property Management Inc.

    Amenities

    Gym Room
    Indoor Parking
    Sauna
    Rec Room
    Media Room
    Indoor Pool

    Maintenance Fees

    Included:
    None
    Excluded:
    Hydro
    Heat
    Air Conditioning
    Water

    About 8 The EsplanadeL Tower

    Angular, modern, and sleek — L Tower is about the closest anyone will get to living inside the ROM’s Lee Chin Crystal. Not only do similar angles frame the front entryway, but the architect behind the L Tower Condos and Toronto’s newly infamous landmark are one and the same.

    In fact, Daniel Libeskind worked on the ROM’s addition in 2007, created a glass courtyard for Berlin’s Jewish Museum, designed the master plan for One World Trade Centre in New York City, and designed the L Tower at 8 the Esplanade in Toronto. The building can also be found next door to the Sony Centre for the Performing Arts, which Libeskind redesigned simultaneously. As a result, residents living at 8 the Esplanade are within close reach of some of the city’s best cultural performances.

    Completed in 2016, with Cityzen Development Corporation managing the building process, L Tower Condos now offer 591 St. Lawrence Market condos for sale or rent for Torontonians who wish to live in the centre of it all. These homes are spread out over 58 storeys, with the public plaza downstairs serving as a great spot for residents to get to know one another.

    An all-star team accompanied Libeskind in his creation: Claude Cormier + Associés was in charge of the landscape architecture, with this very same firm designing Berczy Park around the corner at the same time. Munge Leung oversaw the interior design, and is therefore to thank for the elegant finishes found throughout the common spaces and amenity areas.

    The very peak of the façade is surprisingly rounded, and all in all, the building is hard to describe. As a result, this glass tower really manages to stand out from the crowd. One thing is for certain, though: with balconies inset, they are sure not to disturb the smooth façade. The building is also LEED Certified, meaning residents can rest easy knowing that their homes are part of the climate change solution, rather than the problem.

    It’s easy to forget all about ethics, however, when relaxing and enjoying the amenities; residents are free to forget about their responsibilities when using the movie room, indoor pool, gym, sauna, yoga studio, and garden. For those who want to tackle issues head on, on the other hand, residents can read up on whatever issue they please, in the building’s library and reading room. Visitors to 8 the Esplanade are also in luck, as the building boasts not only visitor parking, but guest suites as well.

    The Suites

    With homes ranging from approximately 400 to 11,500 square feet, these Toronto condos provide the ideal home for everyone from a single, first time buyer to a family of five. Ceiling heights reach to 9 or 10 feet, adding a sense of spaciousness to these suites, while exposures vary between bachelor and 3 bedroom plus den styles.

    Elegant materials are found throughout the building, including engineered hardwood, marble, ceramic, porcelain, and granite, depending on the unit. Kitchens are anything but eclectic, however: these modern, minimalist spaces are more reminiscent of Scandinavian-style interiors than anything else.

    And while a tower just across the street obstructs south-facing views from 8 the Esplanade, floor to ceiling, wall-to-wall windows at the very least let plenty of natural sunlight in.

    The Neighbourhood

    With its location directly between Lake Ontario, the Financial District, the Eaton Centre, in the St. Lawrence neighbourhood, it doesn’t get much more convenient than living at 8 the Esplanade. This way, residents have their pick between spending free days strolling the aisles of the market for fresh produce, walking or cycling along the lakeshore, visiting the Toronto Islands, or exploring various cultural venues in the area.

    In terms of indoor entertainment, options within walking distance include the Power Plant Contemporary Art Gallery (always free!), the St. Lawrence Centre for the Performing Arts, Imagine Cinemas Market Square, and of course the endless array of shops that inhabit the Toronto Eaton Centre.

    The only issue with dining out when living at L Tower is making a decision on any given night. Between restaurants on the Esplanade, Front Street, Wellington, and King East, residents never have to grow tired of eating at the same establishments day in and day out.

    Transportation

    From 8 the Esplanade, residents can reach any area of the city with ease. Union station is only 300 metres away, or about 4 minutes on foot. From here, travellers can catch trains or buses heading out of the city, and they can also access the UP service to Pearson International Airport.

    Those staying local can hop onto subway trains from Union, in order to head north along the Yonge-University-Spadina line. Drivers can reach the Gardiner Expressway in a matter of minutes, from which they may ride breezily east and west along the lakeshore.

    Listing History for L Tower

    9

    Listings For Sale

    Interested in receiving new listings for sale?

    14

    Listings For Rent

    Interested in receiving new listings for rent?

    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
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

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

    Population
    52,892
    Average Individual Income
    $61,449
    Average Household Size
    0 persons
    Average Age
    3
    Average Household Income
    $103,065
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages
    Cantonese
    8%
    Indigenous Language
    32%
    Tagalog
    1%
    Mandarin
    8%
    Tamil
    2%
    English
    38%
    Other
    11%
    Education
    High School
    25%
    Apprenticeship
    3%
    University and Above
    35%
    College
    15%
    University Below Batchelor
    3%
    None
    16%
    Major Field of Study
    Personal, Protective & Transportation Services
    3%
    Humanities
    5%
    Health & Related Fields
    12%
    Architecture & Engineering
    19%
    Physical Sciences
    5%
    Math & Computer Sciences
    8%
    Social Sciences
    11%
    Education
    4%
    Visual & Performing Arts
    3%
    Business Management
    26%

    Price Trend

    Average price of units sold in St. Lawrence

    Building Trends At L Tower

    Days on Strata

    Units at L Tower spend an average of
    29
    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
    6.3
    YEARS before being sold again

    Property Value

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

    Price Ranking

    8th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    84
    Units were Rented over the past twelve months

    Sales vs Rental Values For This Condo

    Studio400 - 477 SQFT
    Average Cost Per Sqft$1,150
    Sales Price Range$515,000 - $515,000
    Rental Price Range$2,100 - $2,450
    1 Bed483 - 700 SQFT
    Average Cost Per Sqft$1,075
    Sales Price Range$605,000 - $682,000
    Rental Price Range$2,350 - $3,390
    1 Bed + Den536 - 800 SQFT
    Average Cost Per Sqft$1,129
    Sales Price Range$725,000 - $815,000
    Rental Price Range$2,400 - $3,500
    2 Bed800 - 1674 SQFT
    Average Cost Per Sqft$1,083
    Sales Price Range$886,000 - $1,170,000
    Rental Price Range$3,200 - $5,800
    2 Bed + Den942 - 1700 SQFT
    Average Cost Per Sqft$1,190
    Sales Price Range$1,100,000 - $1,750,000
    Rental Price Range$3,600 - $5,500

    How Often Are Units Listed?

    Studio400 - 477 SQFT
    Average Sales Availability
    Every887Days
    Average Rental Availability
    Every117Days
    Ratio of Unit Type in Building2%
    1 Bed483 - 1097 SQFT
    Average Sales Availability
    Every33Days
    Average Rental Availability
    Every15Days
    Ratio of Unit Type in Building28%
    1 Bed + Den536 - 1008 SQFT
    Average Sales Availability
    Every26Days
    Average Rental Availability
    Every8Days
    Ratio of Unit Type in Building41%
    2 Bed747 - 1700 SQFT
    Average Sales Availability
    Every49Days
    Average Rental Availability
    Every16Days
    Ratio of Unit Type in Building21%
    2 Bed + Den822 - 2000 SQFT
    Average Sales Availability
    Every74Days
    Average Rental Availability
    Every45Days
    Ratio of Unit Type in Building9%
    3 Bed2000 - 2000 SQFT
    Average Sales Availability
    No Data
    Average Rental Availability
    Every1251Days
    Ratio of Unit Type in Building1%

    Maintenance Fees

    L Tower vs The St. Lawrence Area
    L Tower's Avg
    monthly maintenance fee
    $0.85 / SQFT
    Neighbourhood Avg
    monthly maintenance fee
    $0.87 / SQFT

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