Festival Tower
4Listings for Salefor Sale
4Listings for Rentfor Rent
80 John St
Festival Tower
80 John Stexpand addresses list
    4Listings for Salefor Sale
    4Listings for Rentfor Rent
    Walk Score
    99
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Daniels Corporation
    Condo Completion
    2011
    Property Management
    Del Property Management Inc.
    Unit Size Range
    400 - 2765 SQFT
    Number of Units
    378
    Number of Storeys
    42

    80 John St, Toronto

    About this condo

    Condo Overview

    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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    Listings For Rent

    Amenities

    Party/Meeting Room
    Recreation Room
    Sauna
    Underground Parking
    Games Room
    Visitor Parking
    Business Centre
    Rooftop Deck/Garden
    BBQ
    Guest Suites
    Gym
    Media Room
    Concierge
    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
    Festival Tower vs The King West Area

    $55.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Festival Tower's Avg
    price per SQFT
    $1,089
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,034
    / SQFT

    Building Trends At Festival Tower

    Days on Market

    Units at Festival Tower spend an average of
    21
    Days on Market
    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
    5.8
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    34th
    Highest price per SQFT out of 92 condos in the King West area

    Sold Units

    40
    Units were Sold over the past twelve months

    Rented Units

    85
    Units were Rented over the past twelve months

    Best Value

    Festival Tower offers the
    ?
    best value out of 92 condos in the King West neighbourhood

    Return on Investment

    Festival Tower has the
    ?
    highest ROI out of 92 condos in the King West neighbourhood

    Rental Yield

    Festival Tower yields the
    ?
    highest rent prices out of 92 condos in the King West neighbourhood

    High Demand

    Festival Tower is the
    ?
    most popular building out of 92 condos in the King West neighbourhood

    Sales vs Rental Values For This Condo

    Studio420 - 494 SQFT
    Average Cost Per Sqft$1,088
    Sales Price Range$525,000 - $525,000
    Rental Price Range$1,500 - $1,990
    1 Bed423 - 749 SQFT
    Average Cost Per Sqft$1,086
    Sales Price Range$532,000 - $610,000
    Rental Price Range$1,700 - $2,800
    1 Bed + Den577 - 760 SQFT
    Average Cost Per Sqft$1,103
    Sales Price Range$638,000 - $872,500
    Rental Price Range$1,925 - $2,900
    2 Bed898 - 1251 SQFT
    Average Cost Per Sqft$1,048
    Sales Price Range$948,000 - $1,348,000
    Rental Price Range$3,200 - $4,500
    2 Bed + Den898 - 2765 SQFT
    Average Cost Per Sqft$840
    Sales Price Range$955,000 - $1,960,000
    Rental Price Range$2,200 - $7,000
    3 Bed1600 - 1600 SQFT
    Average Cost Per Sqft$1,124
    Sales Price Range$1,750,000 - $1,750,000
    Rental Price Range
    N/A

    How Often Are Units Listed?

    Studio400 - 500 SQFT
    Average Sales Availability
    Every305Days
    Average Rental Availability
    Every90Days
    Ratio of Unit Type in Building6%
    1 Bed423 - 749 SQFT
    Average Sales Availability
    Every100Days
    Average Rental Availability
    Every30Days
    Ratio of Unit Type in Building17%
    1 Bed + Den565 - 1000 SQFT
    Average Sales Availability
    Every31Days
    Average Rental Availability
    Every15Days
    Ratio of Unit Type in Building40%
    2 Bed898 - 1482 SQFT
    Average Sales Availability
    Every66Days
    Average Rental Availability
    Every28Days
    Ratio of Unit Type in Building19%
    2 Bed + Den870 - 2765 SQFT
    Average Sales Availability
    Every59Days
    Average Rental Availability
    Every27Days
    Ratio of Unit Type in Building19%
    3 Bed1600 - 2000 SQFT
    Average Sales Availability
    Every567Days
    Average Rental Availability
    Every236Days
    Ratio of Unit Type in Building2%

    Maintenance Fees
    Festival Tower vs The King West Area

    $0.23
    More Expensive
    per SQFT compared to the neighbourhood average
    Festival Tower's Avg
    monthly maintenance
    fee per SQFT
    $0.95
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.72
    / SQFT

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