The Oaklands Condos
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20-40 Oaklands Ave & 315 Avenue Rd
The Oaklands Condos
0Listings for Salefor Sale
0Listings for Rentfor Rent
Walk Score
84
Transit Score
86
Bike Score
61
© MapTiler © OpenStreetMap
0
CONDO Demand
low
Unit Availability
low
Property Type
Condo
Developer
Canlea Ltd
Condo Completion
1981
Property Management
Royale Grande Property Management Ltd.
Unit Size Range
435 - 2400 SQFT
Number of Units
65
Number of Storeys
3

20-40 Oaklands Ave, Toronto

About this condo

Condo Overview

The Oaklands is one of those curious buildings that makes you pause every time you walk by — whether it’s your fifth or hundred-and-fifth time. Perhaps that’s because 40 Oaklands Avenue, while partially concealed by mature trees, is a modernist masterpiece.

In fact, architect Macy Dubois designed the condo, and his efforts were generously rewarded: Dubois received a Governor General’s Medal in Architecture for this residential edifice. For those interested in architectural history, Dubois also designed New College at the University of Toronto, Central Techincal School’s art centre, and the Ontario pavilion at Expo 67.

The 3-storey building at 40 Oaklands is divided into 65 townhouse units. While the square tile façade is a selling point for some prospective residents, others are drawn to the condo’s minimal yet important list of amenities: the building boasts a concierge and under underground parking with visitor spots.

The Suites

Homes at 40 Oaklands range considerably in size, making these midtown Toronto condos appealing to all sorts of residents. The smallest suites are studios that span approximately 550 square feet, while those in need of as much space as possible can check out the three bedroom plus den units, some of which span 2,350 square feet.

As expected of a longstanding building like the Oaklands, some suites feature much more modern interiors than others; others are ready to be renovated by residents who prefer to wipe the slate clean and personalize every aspect of their homes. Prospective residents might also be pleased to find wood burning or gas fireplaces, depending on the unit, while some suites cover multiple floors.

All of the homes at 40 Oaklands are extremely bright thanks to the generous use of windows by Dubois. And those who prefer homes with that extend outside will be blown away by the penthouse units, which boast over 1,200 square feet of outdoor space.

The Neighbourhood

There are plenty of good reasons to want to call 40 Oaklands home. Situated in the upscale residential neighbourhood of Summerhill, this condo is still within close reach of countless commercial offerings.

Just to the north is St. Clair Avenue West, where residents can find an LCBO and the Market by Longo’s on the ground floor of the Imperial Plaza. Another great option is the large Loblaws at the corner of Yonge and St. Clair, and those who want nothing but organic goods can head south on Avenue Road to the Whole Foods at Hazelton Lanes.

While the intersection of Avenue Road and Oaklands Avenue seems devoid of restaurants at first glance, that’s because one of the best special occasion spots in the city is cleverly tucked away. Scaramouche, which opened in 1980 and can consistently be found on the most important lists of top restaurants, is located 5 minutes away from 40 Oaklands by foot. More options, including upscale specialty food shops, boutiques, bars and restaurants, can also be found due east, on Yonge Street.

Transportation

Residents living at 40 Oaklands Avenue can easily travel throughout the city, even without a car. The walk over to Summerhill Station on the Yonge subway line takes all of 8 minutes, while the 15-minute walk to Dupont Station on the University-Spadina line can be sped up by hopping on the Dupont bus.

Living beside Avenue Road is particularly useful for drivers, who can use this arterial street to reach the 401 to the north. Alternatively, south of College Avenue Road becomes University Avenue, a 6-lane street that carries cars right into downtown Toronto.

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Amenities

Visitor Parking
BBQ
Underground Parking
Security System
Concierge

Maintenance Fees Cover

Maintenance fees include

None

Owner / renter pays separately

Hydro
Heat
Air Conditioning
Water

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
The Oaklands Condos vs The Summerhill Area

$202.00
Less Expensive
per SQFT compared to the neighbourhood average
The Oaklands Condos's Avg
price per SQFT
$762
/ SQFT
Neighbourhood Avg
price per SQFT
$964
/ SQFT

Building Trends At The Oaklands Condos

Days on Market

Units at The Oaklands Condos spend an average of
51
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
5%
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
16.2
YEARS before being sold again

Property Value

-27%
Decrease in property value within the past twelve months

Price Ranking

N/A
Highest price per SQFT out of 13 condos in the Summerhill area

Sold Units

1
Units were Sold over the past twelve months

Rented Units

1
Units were Rented over the past twelve months

Best Value

The Oaklands Condos offers the
?
best value out of 13 condos in the Summerhill neighbourhood

Return on Investment

The Oaklands Condos has the
?
highest ROI out of 13 condos in the Summerhill neighbourhood

Rental Yield

The Oaklands Condos yields the
?
highest rent prices out of 13 condos in the Summerhill neighbourhood

High Demand

The Oaklands Condos is the
?
most popular building out of 13 condos in the Summerhill neighbourhood

Sales vs Rental Values For This Condo

2 Bed1700 - 2315 SQFT
Average Cost Per Sqft$799
Sales Price Range$1,765,000 - $1,765,000
Rental Price Range$4,000 - $4,000

How Often Are Units Listed?

Studio
Average Sales Availability
N/A
Average Rental Availability
N/A
Ratio of Unit Type in Building7%
1 Bed752 - 752 SQFT
Average Sales Availability
Every1148Days
Average Rental Availability
N/A
Ratio of Unit Type in Building3%
2 Bed1600 - 2315 SQFT
Average Sales Availability
Every104Days
Average Rental Availability
Every248Days
Ratio of Unit Type in Building54%
2 Bed + Den1699 - 1908 SQFT
Average Sales Availability
Every330Days
Average Rental Availability
Every670Days
Ratio of Unit Type in Building15%
3 Bed1700 - 2333 SQFT
Average Sales Availability
Every295Days
Average Rental Availability
Every939Days
Ratio of Unit Type in Building19%
3 Bed + Den1908 - 1908 SQFT
Average Sales Availability
N/A
Average Rental Availability
N/A
Ratio of Unit Type in Building7%

Maintenance Fees
The Oaklands Condos vs The Summerhill Area

$0.17
More Expensive
per SQFT compared to the neighbourhood average
The Oaklands Condos's Avg
monthly maintenance
fee per SQFT
$0.78
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.61
/ SQFT

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