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    Village Terraces
    by Cadillac Fairview Corporation Limited

    260 Heath Street W

    0for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    18
    Number of Units:
    132
    Condo Completion:
    1981
    Condo Demand:
    High
    Unit Size Range:
    715 - 1,908 SQFT
    Unit Availability:
    Low
    Property Management:
    Gpm Property Management Inc

    Listing History for Village Terraces

    Amenities

    Gym Room
    Visitor Parking
    Bike Storage
    Concierge
    Party Room
    Sauna

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 260 Heath Street WVillage Terraces

    The renowned Canadian developers, Cadillac Fairview, are perhaps best known for their namesake shopping centre at Don Mills and Sheppard. However, prospective homeowners familiar with the residential market also know the company well for the many luxury condominiums they have built throughout the city. One of their creations, the Village Terraces Condos at 260 Heath Street West, is an especially sought-after building. Prospective buyers are those who value exquisite architecture, excellent suites, and an enviable midtown Toronto locale.

    Nestled between Bathurst Street and Spadina Road north of St. Clair Avenue West, the Village Terraces Condos was built in 1981. The 18-storey edifice was designed by Jack Diamond of the prestigious Diamond + Schmitt Architects. The highlight of this distinctive design is its elegantly rounded balconies, softening the aesthetic just the right amount.

    Overall, the building is a grand structure, with a distinguished red brick exterior and large windows are spread out over much of the building. Plus, the architects arranged many glass panels along the corners of the condos, giving this modern structure a brilliant sense of lightness. The podium also features a series of tiers beginning at the 6th storey. Most importantly, this creates the series of spacious, landscaped, private terraces that give the Village Terraces Condos its name.

    Finally, 260 Heath West offers its residents access to an alluring array of amenities. The sophisticated lobby provides a warm welcome, especially thanks to the building’s friendly concierge service. Residents can also go for a swim in an outdoor pool, or work out in the well-equipped exercise room. And afterwards, the private sauna is a splendid place to unwind, as is the party room — albeit in a more social way.

    The Suites

    Sophisticated traditional fixtures and and finishes adorn the suites, creating a timeless aesthetic. The building contains 132 suites, which range in size from approximately 800 to 2,000 square feet. These consist of one-bedroom, two-bedroom, and two-bedroom-plus-den floor plans. Additionally, many of these suites boast access one of the rounded balconies mentioned earlier, while some even connect to expansive private terraces.

    What also draws prospective residents are the enchanting views offered by the Toronto condos for sale on its uppermost levels. While the building is situated close to an exciting urban scene, many of 260 Heath West’s suites overlook the lush natural landscapes of the Forest Hill South neighbourhood.

    Of course the expansive windows, which allow residents to see glimpse the landscape below, also have a charming effect on their interiors. These bright and airy open-concept layouts have a warm ambience thanks to the abundance of natural light that pours in.

    The Neighbourhood

    Situated at the southern end of the Cedarvale Ravine, 260 Heath West shares the neighbourhood with a green spaces of remarkable proportions. In addition to the public parks found throughout the area, the fields of St. Michael’s College across the street from the Village Terraces Condos are enticing. Whether residents are competitive or not, the social sports programs hosted on these fields are fun and friendly, drawing in many people from around the city.

    Alternatively, when those living here would rather go out for some coffee or a delicious meal, there are plenty of cafés and restaurants to choose from along Spadina Road by Lonsdale. A small commercial pocket, this midtown intersection has an enchanting, small-town feel.

    Transportation

    Even for those without cars, residents can travel throughout the city with east. They’re steps away from St. Clair West Station, accessible from Heath Street West, just where it meets the Cedarvale Ravine — and right next to the Village Terraces Condos.

    Nonetheless, 260 Heath West is well-positioned for those who do drive. Both Spadina and Bathurst, to the east and west, respectively, are fast-paced roadways that stretch south through the downtown core. And when drivers have destinations that are outside the city limits, they can take Bathurst directly north the 401 or drive west on Eglinton Avenue to access the Allen Expressway.

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    Nearby Amenities

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    4/10
    Bikeability
    Your bike will know every pothole personally. It's that intimate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,192
    Average Individual Income
    $58,205
    Average Household Size
    0 persons
    Average Age
    2
    Average Household Income
    $107,988
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    49%
    Low Rise Apartment
    15%
    High Rise Apartment
    15%
    Semi Detached
    12%
    Duplex
    6%
    Marital Status
    Commute
    Languages
    Tagalog
    2%
    Mandarin
    9%
    Cantonese
    7%
    Tamil
    2%
    English
    38%
    Indigenous Language
    32%
    Other
    10%
    Education
    High School
    27%
    Apprenticeship
    3%
    University and Above
    28%
    College
    17%
    University Below Batchelor
    3%
    None
    18%
    Major Field of Study
    Personal, Protective & Transportation Services
    3%
    Health & Related Fields
    12%
    Architecture & Engineering
    20%
    Humanities
    7%
    Physical Sciences
    5%
    Math & Computer Sciences
    5%
    Social Sciences
    10%
    Education
    4%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%
    Business Management
    25%

    Price Trends

    Building Trends At Village Terraces

    Days on Strata

    Units at Village Terraces spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    20.6
    YEARS before being sold again

    Property Value

    -16%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 33 condos in the Forest Hill South area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    Village Terraces offers the
    ?
    best value out of 33 condos in the Forest Hill South neighbourhood

    Appreciation Rank

    Village Terraces has the
    ?
    highest ROI out of 33 condos in the Forest Hill South neighbourhood

    Rental Yield

    Village Terraces yields the
    ?
    highest rent prices out of 33 condos in the Forest Hill South neighbourhood

    High Demand

    Village Terraces is the
    ?
    most popular building out of 33 condos in the Forest Hill South neighbourhood

    Transaction Insights at 260 Heath Street W

    1 Bed2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$1,015,000 - $1,180,000No DataNo Data
    Avg. Cost Per SqftNo Data$903No DataNo Data
    Avg. Wait for Unit Availability413 Days109 Days513 Days329 Days
    Ratio of Units in Building14%59%14%15%

    Maintenance Fees

    Village Terraces vs The Forest Hill South Area

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