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    Festival Tower

    80 John Street

    7for Sale
    10for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    42
    Number of Units:
    378
    Condo Completion:
    2011
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 2,765 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Festival Tower

    Amenities

    Party Room
    Concierge
    Indoor Pool
    Sauna
    Business Centre
    Games Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 80 John StreetFestival Tower

    Living in the tower atop the TIFF Bell Lightbox has its perks during festival season — and we don’t just mean the ability to line up early in order to get good seats. Rather, residents of the Festival Tower are provided a three-year membership upon moving into 80 John Street, which includes tickets to festival films, VIP parties, and other TIFF-related events throughout the year.

    Kirkor Architects designed both the TIFF Bell Lightbox and the Festival tower above, allowing the residential tower to blend seamlessly with the cultural centre below. Residents therefore have easy access to the theatres, gallery, library, and restaurant below.

    And while these homes aren’t directly affiliated with a hotel per se, the hotel-like amenities include the ability to hire a masseuse or dog walker, or have one’s dry cleaning done without leaving the building.

    The building also boasts multiple party rooms with catering kitchen, however these are not your typical condo common spaces — the party rooms are seriously stylish as far as condominium amenities are concerned. Residents are also privy to a gym, sauna, and indoor pool, a rooftop terrace, a business centre with meeting room, guest suites, and of course a concierge to make sure everything runs smoothly.

    Built in 2001, the Festival Tower is home to 378 units, which can be found spread out over 42 storeys. The Daniels Corporation oversaw the construction at 80 John, and its success has resulted in non-industry residents living amongst film executives, such as Kindergarten Cop and Road Trip producer Ivan Reitman.

    The Suites

    It should come to no surprise that the Festival Tower contains both humbly sized homes suitable for first-time buyers and those that would make a movie director feel equally at home. Suites at 80 John Street start at approximately 500 square feet, and reach to around 2,800, so these Toronto condos for sale are suitable for everyone from young professionals to growing families.

    The standard home is hard to define, as these range from studios to two bedroom plus den units. Penthouses stand out from the rest, however, with up to 12-foot ceilings, 3 bedrooms, views of Lake Ontario and the CN Tower, floor-to-ceiling and wall-to-wall windows, plus multiple balconies.

    Throughout the building, prospective buyers can expect to find elegant finishes including hardwood floors, contemporary kitchens, large and relaxing bathtubs, and 9-10 foot ceilings.

    The Neighbourhood

    The Festival Tower may be located in King West neighbourhood in the heart of the Entertainment District, but more importantly it lies in the centre of the annual Toronto International Film Festival scene. Residents can throw on a pair of jeans and some sneakers, and catch one quick elevator in order to be first in line for the must-see screenings.

    When the festival excitement subsides, residents lives will stay just as exhilarating. With streets like King, Queen, Adelaide and Richmond so close at hand, those living at 80 John can find a place to shop, dine out, or grab an after work drink without having to stray too far from home.

    The TIFF Bell Lightbox aside, many other cultural venues grace the Entertainment District — hence the name. Residents can head out on foot in order to watch a live production at the Royal Alexandra or Princess of Wales Theatre. Alternatively, those interested in live music can watch the Toronto Symphony Orchestra perform at Roy Thompson Hall, or attend a concert at Massey Hall.

    Those who love the great outdoors are in luck, as an address like 80 John Street means living within close proximity to a number of green spaces, as well as Lake Ontario. David Pecaut Square and Clarence Square Dog Park will do the trick when a quick park fix is required, while slightly longer journeys will land one at HTO Park or the Toronto Music Garden for views of the lake.

    Transportation

    With St. Andrew Station only 400 metres from the front doors of the Festival Tower, residents can reach the Yonge-University-Spadina line in about 5 minutes on foot. Thanks to the PATH, this journey can even be made underground — especially helpful during those brutal winter months.

    Alternatively, streetcars along King Street West will transport passengers toward surrounding neighbourhioods like the historic Distillery District or Liberty Village, while Spadina Avenue streetcars provide service through Chinatown and up to Spadina Station on the Bloor-Danforth line.

    Drivers can head south down Spadina in order to reach the Gardiner Expressway, a fast-moving highway that carries cars east and west along the shores of Lake Ontario. From here, the 427 is just a quick ride west, while an eastbound trip on the Gardiner will land one at the base of the Don Valley Parkway.

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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
    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
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Days on Strata

    Units at Festival Tower spend an average of
    24
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    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
    5.9
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 98 condos in the King West area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    34
    Units were Rented over the past twelve months

    Best Value Rank

    Festival Tower offers the
    ?
    best value out of 98 condos in the King West neighbourhood

    Appreciation Rank

    Festival Tower has the
    ?
    highest ROI out of 98 condos in the King West neighbourhood

    Rental Yield

    Festival Tower yields the
    ?
    highest rent prices out of 98 condos in the King West neighbourhood

    High Demand

    Festival Tower is the
    ?
    most popular building out of 98 condos in the King West neighbourhood

    Transaction Insights at 80 John Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$675,000 - $765,000$1,040,000 - $1,075,000$1,055,000 - $2,100,000No Data
    Avg. Cost Per SqftNo DataNo Data$1,127$1,155$1,176No Data
    Avg. Wait for Unit Availability303 Days102 Days32 Days63 Days50 Days331 Days
    Ratio of Units in Building6%17%40%19%19%2%

    Maintenance Fees

    Festival Tower vs The King West Area

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