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    The Memphis Condos
    by Menkes

    942 Yonge Street & 53-61 McMurrich Street

    2for Sale
    3for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    268
    Condo Completion:
    1992
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 2,300 SQFT
    Unit Availability:
    Low
    Property Management:
    360 Community Management Ltd.

    Listing History for The Memphis Condos

    Amenities

    Visitor Parking
    BBQ
    Sauna
    Rec Room
    Security System
    Gym Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 942 Yonge StreetThe Memphis Condos

    Just north of Davenport Road, within Toronto’s eminent Yorkville neighbourhood, sits the Memphis Condos at 942 Yonge Street. These posh homes offer residents some of the city’s best living spaces in regards to comfort, convenience and overall quality. With the fantastic shops and boutiques of Yorkville at its residents’ doorsteps, the Memphis Condos are perfect for any urbanites, whether they’re starting a career, growing a family, or planning for retirement.

    Built in 1992, the Memphis Condos have been a tried-and-true residential fixture of the neighborhood for decades. As a result, many of the suites inside have been extensively updated over the years. The building has a façade of bright stone with a stepped western face, and a spectacular hotel-style lobby. Convenient retail spaces can be found on the ground floor of 942 Yonge on bustling Yonge Street, in contrast to the quieter residential streets on the western side of the building.

    The condo is surrounded by landscaped grounds that helps bring life to downtown Toronto’s urban aesthetic. The building also features plenty of great amenities for residents to use at their leisure: these include a gym, a hot tub and sauna, a party room, garage parking for residents and their guests, concierge and security services, and a cozy rooftop terrace.

    The Suites

    Standing at 13 storeys, the building holds 268 downtown Toronto condos that range in size from just under 450 square feet to over 2,000 square feet. Toronto condos for sale at 942 Yonge come with 1 or 2 bedrooms, 1 or 2 bathrooms, and dens that can easily be used as home offices, libraries, or family rooms.

    The homes are bright, spacious and stylish — ideal for residents looking for that sweet-spot of comfort, charm and luxuriousness. Suites feature open-concept living and dining areas, laminate wood floors (except for tile floors in kitchens), and expansive windows that flood every corner with sunlight during the daytime. Roomy kitchens are finished with integrated stainless steel appliances, while luxe bathrooms have marble tile finishes on floors and shower walls.

    Bedrooms boast either hardwood floors or broadloom carpets, and all suites feature modern washer and dryer laundry units. As well, a small number of suites along the building’s western side have their own private terraces.

    The Neighbourhood

    Being situated between the Yorkville, Summerhill, and Rosedale neighborhoods provides residents unparalleled access to high-class dining, entertainment venues, terrific shopping, and a multitude of green-spaces.

    Taking just a short walk from 942 Yonge can bring residents to a number of businesses like yoga studios, clothing stores, specialty boutiques, and even art galleries. And for more nearby shopping, residents can check out the Yorkville Village Mall or the Hudson’s Bay Centre, each with their own grocery and liquor stores.

    For entertainment around the Memphis Condos, the Varsity Cinemas on Bloor Street will come in handy (as well as a number of more intimate or specialty theaters like the George Ignatieff Theatre). Museums like the Gardiner Museum or Royal Ontario Museum are other great places to spend the day indoors, in addition to a number of unique and popular bars along Yonge Street. As well, the Evergreen Brickworks are not too far north either.

    If residents are looking to stretch their legs at a nearby park, they can choose to stop by Ramsden Park, Jessie Ketchum Park, Queens Park, or Budd Shugarman Park. And families will have quite a few schools to choose from, including Jessie Ketchum Junior and Senior Public School, Branksome Hall, or the University of Toronto, in addition to several downtown daycare centers.

    Transportation

    The neighborhood is easy to get around, especially thanks to its close proximity to several routes that allow for trouble-free commuting or exploring.

    Residents are within close reach of two major subway lines: Rosedale Subway station is a 2-minute walk north, and the Bloor-Yonge Station is a 4-minute walk south, which connects to both the Yonge and the Bloor-Danforth lines. A number of TTC bus routes also service Yonge and Davenport Road.

    Bike lanes can be found along nearby streets like Bloor, Wellesley, Sherbourne, College and Bay. And last but not least, motorists living at the Memphis Condos can use Rosedale Valley Road to access the Don Valley Parkway, or take Yonge Street to reach the Gardiner Expressway.

    2

    Listings For Sale

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    3

    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.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    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
    0 persons
    Average Age
    1
    Average Household Income
    $103,235
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    37%
    Detached
    30%
    Semi Detached
    16%
    Low Rise Apartment
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages
    Tagalog
    1%
    Spanish
    1%
    Mandarin
    8%
    Cantonese
    4%
    Tamil
    2%
    English
    41%
    Indigenous Language
    31%
    Other
    12%
    Education
    High School
    23%
    Apprenticeship
    3%
    University and Above
    39%
    College
    16%
    University Below Batchelor
    3%
    None
    13%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    12%
    Architecture & Engineering
    19%
    Humanities
    5%
    Physical Sciences
    4%
    Math & Computer Sciences
    8%
    Social Sciences
    11%
    Education
    3%
    Visual & Performing Arts
    3%
    Business Management
    26%

    Price Trends

    Building Trends At The Memphis Condos

    Days on Strata

    Units at The Memphis Condos spend an average of
    25
    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

    Turnover of Units

    On average, each unit is owned for
    9
    YEARS before being sold again

    Property Value

    -15%
    Decrease in property value within the past twelve months

    Price Ranking

    23rd
    Highest price per SQFT out of 56 condos in the Yorkville area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    15
    Units were Rented over the past twelve months

    Best Value Rank

    The Memphis Condos offers the
    ?
    best value out of 56 condos in the Yorkville neighbourhood

    Appreciation Rank

    The Memphis Condos has the
    ?
    highest ROI out of 56 condos in the Yorkville neighbourhood

    Rental Yield

    The Memphis Condos yields the
    ?
    highest rent prices out of 56 condos in the Yorkville neighbourhood

    High Demand

    The Memphis Condos is the
    ?
    most popular building out of 56 condos in the Yorkville neighbourhood

    Transaction Insights at 942 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$520,000$630,000 - $630,500$650,000 - $710,000No DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$996$1,081$986No DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability287 Days145 Days77 Days2857 DaysNo Data666 DaysNo Data
    Ratio of Units in Building12%26%42%12%4%5%1%

    Maintenance Fees

    The Memphis Condos vs The Yorkville Area

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