L Tower
10Listings for Salefor Sale
14Listings for Rentfor Rent
8 The Esplanade
L Tower
8 The Esplanadeexpand addresses list
    10Listings for Salefor Sale
    14Listings for Rentfor Rent
    Walk Score
    99
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Cityzen Development Corporation
    Condo Completion
    2015
    Property Management
    Del Property Management Inc.
    Unit Size Range
    400 - 2000 SQFT
    Number of Units
    591
    Number of Storeys
    57

    8 The Esplanade, Toronto

    About this condo

    Condo Overview

    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.

    14

    Listings For Rent

    Amenities

    Recreation Room
    Concierge
    Visitor Parking
    Underground Parking
    Gym
    Party/Meeting Room
    Sauna
    Guest Suites
    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
    L Tower vs The St. Lawrence Area

    $141.00
    More Expensive
    per SQFT compared to the neighbourhood average
    L Tower's Avg
    price per SQFT
    $1,114
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $973
    / SQFT

    Building Trends At L Tower

    Days on Market

    Units at L Tower spend an average of
    21
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    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
    5.8
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    14th
    Highest price per SQFT out of 63 condos in the St. Lawrence area

    Sold Units

    42
    Units were Sold over the past twelve months

    Rented Units

    141
    Units were Rented over the past twelve months

    Best Value

    L Tower offers the
    ?
    best value out of 63 condos in the St. Lawrence neighbourhood

    Return on Investment

    L Tower has the
    ?
    highest ROI out of 63 condos in the St. Lawrence neighbourhood

    Rental Yield

    L Tower yields the
    ?
    highest rent prices out of 63 condos in the St. Lawrence neighbourhood

    High Demand

    L Tower is the
    ?
    most popular building out of 63 condos in the St. Lawrence neighbourhood

    Sales vs Rental Values For This Condo

    Studio400 - 411 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$1,380 - $1,400
    1 Bed482 - 782 SQFT
    Average Cost Per Sqft$1,106
    Sales Price Range$526,000 - $710,000
    Rental Price Range$1,600 - $2,200
    1 Bed + Den600 - 993 SQFT
    Average Cost Per Sqft$1,035
    Sales Price Range$599,000 - $860,000
    Rental Price Range$1,749 - $3,150
    2 Bed757 - 1655 SQFT
    Average Cost Per Sqft$1,043
    Sales Price Range$761,500 - $1,275,000
    Rental Price Range$1,900 - $4,300
    2 Bed + Den890 - 1699 SQFT
    Average Cost Per Sqft$995
    Sales Price Range$1,105,000 - $1,430,000
    Rental Price Range$2,700 - $3,900

    How Often Are Units Listed?

    Studio400 - 470 SQFT
    Average Sales Availability
    Every131Days
    Average Rental Availability
    Every101Days
    Ratio of Unit Type in Building2%
    1 Bed482 - 849 SQFT
    Average Sales Availability
    Every33Days
    Average Rental Availability
    Every14Days
    Ratio of Unit Type in Building27%
    1 Bed + Den600 - 1008 SQFT
    Average Sales Availability
    Every26Days
    Average Rental Availability
    Every8Days
    Ratio of Unit Type in Building42%
    2 Bed749 - 1700 SQFT
    Average Sales Availability
    Every43Days
    Average Rental Availability
    Every15Days
    Ratio of Unit Type in Building21%
    2 Bed + Den850 - 2000 SQFT
    Average Sales Availability
    Every68Days
    Average Rental Availability
    Every44Days
    Ratio of Unit Type in Building9%
    3 Bed2000 - 2000 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    Every1251Days
    Ratio of Unit Type in Building1%

    Maintenance Fees
    L Tower vs The St. Lawrence Area

    $0.07
    Less Expensive
    per SQFT compared to the neighbourhood average
    L Tower's Avg
    monthly maintenance
    fee per SQFT
    $0.72
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.79
    / SQFT

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