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Buying a condo in Yonge and Eglinton

When a neighbourhood has a nickname like “Yonge and Eligible,” you know it’s at least worth considering living there. Yonge and Eglinton received this name when it was — at some point in the recent past — up-and-coming. Today, however, the secret’s out: anyone who’s anyone knows this is a desirable place to live.

Case in point, Toronto Life ranked Toronto’s neighbourhoods in 2017 based on a number of factors including entertainment, employment, crime, and housing, and Yonge and Eglinton came in first place. And as one of Toronto’s five central business districts, there’s plenty of opportunity for employment for young people. What’s more, the abundance of schools and parks in the neighbourhood also makes Yonge and Eglinton the perfect place to raise a family. Last but not least, developers are well aware of just how hot this neighbourhood is, meaning there’s always plenty of Yonge and Eglinton condos for sale.

While the cat’s out of the bag when it comes to Yonge and Eglinton’s allure, this neighbourhood is bound to become even more bustling when the Eglinton Crosstown LRT is completed. Slated to be completed in 2021, the light rail will carry passengers along Eglinton, and with this transportation infrastructure will come more businesses, more prospective residents, and therefore more condos for sale in Yonge and Eglinton.

Basically, Yonge and Eglinton is about as busy as it gets in midtown Toronto. The intersection of Yonge and Eglinton is particularly lively, especially thanks to the Yonge-Eglinton Centre on the northwest corner. Inside, visitors can find plenty of retail, including LCBO, Metro, Winners, and Indigo. The mall is also home to a SilverCity movie theatre as well as a couple of restaurants, making it the perfect place for a date night. And if a specific movie isn’t playing at SilverCity, there’s a good chance it will be showing at the Famous Players at Canada Square, just across the street.

Restaurants, bars, shops, and entertainment venues line both Yonge Street and Eglinton Avenue, ensuring those who live in the neighbourhood are never bored. Burger Shack may be tucked away on a quieter stretch of Eglinton, but locals never hesitate to make a special trip just for a charbroiled banquet burger. The establishment has been around since the 1980s, and the interior design hasn’t changed one bit.

Although it’s named for the intersection of Yonge and Eglinton, there’s actually much more to the neighbourhood than just these two major streets. Yonge and Eglinton reaches as far north as Briar Hill Avenue, and extends south to Chaplin Crescent; its easternmost border is along Redpath Avenue, and the neighbourhood’s western edge can be found just past Avenue Road.

While major arterial roads in the area are brimming with commercial businesses and high-rise condos, the neighbourhood is also home to a profusion of quieter, tree-lined side streets occupied by single-family homes and smaller condos for sale in Yonge and Eglinton. As for public outdoor space, nothing in the neighbourhood quite beats Eglinton Park, with its indoor and outdoor pools, tennis courts, baseball diamonds, and multipurpose sports fields.

Condo Life in Yonge and Eglinton

The Yonge and Eglinton neighbourhood has been built up for decades now, but the area’s real condo boom occurred in 2016 — and it shows no sign of stopping. Prospective buyers looking for Yonge and Eglinton condos for sale have the benefit of being able to choose from pre-construction buildings, such as the Art Shoppe Lofts + Condos by Architects Alliance, Freed Developments, and CD Capital, and the E Condos 8 Eglinton East.

Buying a Yonge and Eglinton condo for sale doesn’t have to mean purchasing a unit in a glass-clad skyscraper, though. The neighbourhood is also home to a number of mid-rise, low key edifices that are as charming as they are humble. The Movado at 2 Edith Drive, for example, is a 7-storey condo situated directly beside Eglinton Park. With only 59 units in the building, this is a great option for anyone who prefers a tighter knit, community-oriented feel. Even smaller is Chaplin Place at 20 Glebe Road, a red brick 4-storey condo that dates back to 1984 and contains only 22 suites.

Alternatively, those who want the feel of a house with all the benefits of condo living can opt for one of the many townhouses in the neighbourhood. The Hunt Club at Roselawn at 1111 Avenue Road and On the Avenue Townhomes at 1044 Avenue Road are surefire options for families, as the largest units span over 2,000 square feet in both complexes.

Transportation

Yonge and Eglinton has a great track record when it comes to public transportation. Horse drawn streetcars began transporting passengers since 1884, after which tons of new housing starting popping up in the area. Eglinton Station was also one of the original 12 stations on Toronto’s first subway line, which opened in 1954. In fact, Eglinton was the northernmost terminal station, with the line only extending to York Mills in 1973, and connecting to Finch the following year.

For decades, residents living in Yonge and Eglinton have had an easy method of reaching the downtown core. And while locals have been patiently waiting since its 2007 announcement, the Eglinton Crosstown LRT will soon carry passengers east and west along Eglinton Avenue as well. When completed, the line will reach as far west as Black Creek Drive and as far east as Kennedy.

Finally, drivers who have purchased a condo for sale in Yonge and Eglinton also benefit from living within close reach of a number of major highways. The Allen Expressway can be reached by driving west along Eglinton West; a short drive north on Yonge Street will lead to the 401; and the Don Valley Parkway is also accessible via Eglinton Avenue East.

Yonge and Eglinton Overview

The Locals: Yonge and eligible.

Code of Conduct: Living in midtown doesn’t mean spending all one’s spare time in midtown, especially thanks to the Yonge subway line.

What You’ll Find: A dynamic neighbourhood, the extent of whose future growth is impossible to predict.

What You Won’t Find: Grungy dive bars and major museums.

The Homes: Plenty of pre-construction condos, and more expected in the near future.

Sealing the Deal: It’s just like downtown, but with less traffic and fewer tourists.