The Memphis Condos
2Listings for Salefor Sale
2Listings for Rentfor Rent
942 Yonge St & 53-61 McMurrich St
The Memphis Condos
2Listings for Salefor Sale
2Listings for Rentfor Rent
Walk Score
98
Transit Score
91
Bike Score
58
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Average
Property Type
Condo
Developer
Menkes
Condo Completion
1992
Property Management
360 Community Management Ltd.
Unit Size Range
400 - 2300 SQFT
Number of Units
268
Number of Storeys
13

942 Yonge St | The Memphis Condos | Toronto, ON

About this condo

Condo Overview

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

Interested in receiving new listings for sale?

2

Listings For Rent

Interested in receiving new listings for rent?

Amenities

Rooftop Deck/Garden
Security System
Sauna
Gym
Recreation Room
Party/Meeting Room
BBQ
Underground Parking
Guest Suites
Visitor Parking
Games Room
Concierge

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
The Memphis Condos vs The Yorkville Area

$288.00
Less Expensive
per SQFT compared to the neighbourhood average
The Memphis Condos's Avg
price per SQFT
$924
/ SQFT
Neighbourhood Avg
price per SQFT
$1,212
/ SQFT

Building Trends At The Memphis Condos

Days on Market

Units at The Memphis Condos spend an average of
14
Days on Market
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 an

AVERAGE
chance of receiving
Multiple Offers

Turnover of Units

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

Property Value

5%
Increase in property value within the past twelve months

Price Ranking

33rd
Highest price per SQFT out of 52 condos in the Yorkville area

Sold Units

10
Units were Sold over the past twelve months

Rented Units

32
Units were Rented over the past twelve months

Best Value

The Memphis Condos offers the
?
best value out of 52 condos in the Yorkville neighbourhood

Return on Investment

The Memphis Condos has the
?
highest ROI out of 52 condos in the Yorkville neighbourhood

Rental Yield

The Memphis Condos yields the
?
highest rent prices out of 52 condos in the Yorkville neighbourhood

High Demand

The Memphis Condos is the
?
most popular building out of 52 condos in the Yorkville neighbourhood

Sales vs Rental Values For This Condo

Studio442 - 610 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$1,500 - $1,600
1 Bed600 - 760 SQFT
Average Cost Per Sqft$998
Sales Price Range$565,000 - $650,000
Rental Price Range$1,700 - $2,000
1 Bed + Den655 - 900 SQFT
Average Cost Per Sqft$914
Sales Price Range$605,000 - $800,000
Rental Price Range$1,900 - $2,400
2 Bed1150 - 1167 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$3,000 - $3,500
2 Bed + Den1192 - 1192 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$3,300 - $3,300
3 Bed2080 - 2080 SQFT
Average Cost Per Sqft$733
Sales Price Range$1,460,000 - $1,460,000
Rental Price Range
N/A

How Often Are Units Listed?

Studio400 - 680 SQFT
Average Sales Availability
Every557Days
Average Rental Availability
Every100Days
Ratio of Unit Type in Building12%
1 Bed563 - 775 SQFT
Average Sales Availability
Every125Days
Average Rental Availability
Every67Days
Ratio of Unit Type in Building30%
1 Bed + Den644 - 900 SQFT
Average Sales Availability
Every92Days
Average Rental Availability
Every35Days
Ratio of Unit Type in Building41%
2 Bed917 - 1200 SQFT
Average Sales Availability
Every579Days
Average Rental Availability
Every120Days
Ratio of Unit Type in Building13%
2 Bed + Den1150 - 1200 SQFT
Average Sales Availability
Every483Days
Average Rental Availability
Every356Days
Ratio of Unit Type in Building5%
3 Bed2080 - 2300 SQFT
Average Sales Availability
Every1380Days
Average Rental Availability
N/A
Ratio of Unit Type in Building3%

Maintenance Fees
The Memphis Condos vs The Yorkville Area

$0.07
Less Expensive
per SQFT compared to the neighbourhood average
The Memphis Condos's Avg
monthly maintenance
fee per SQFT
$0.88
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.95
/ SQFT

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