Yorkville – High end and priced to match
If location, location, location is the golden rule of real estate, the Yorkville area of Toronto is one of the most shining examples. Indeed, it doesn’t get much more central than this, bounded by Bloor Street, Davenport Road, Yonge Street and Avenue Road. If midtown Toronto is what you want, a neighbourhood pretty much at the intersection of the city’s main subway lines at Yonge and Bloor is it.
Five-star is the perfect descriptor for Yorkville, home to the Mink Mile, one of Canada’s most exclusive shopping districts, along a stretch of Bloor. Upscale names such as Prada, Chanel, Gucci, Boss, Hermes, Louis Vuitton, Holt Renfrew and Harry Rosen operate flagship locations here, and north of Bloor, on Yorkville and Cumberland streets, you’ll find smaller buildings containing art galleries, first-floor retail and high-end restaurants. And of course, being so close to the famous Yonge Street, you’re just steps away from every retail option you can imagine, including the new Nordstrom Rack on the ground floor at 1 Bloor East.
Prized condo destination
As you can imagine, given Toronto’s condo boom, Yorkville is also a prized location for highrise living, with developers introducing several new projects in recent years, reflective of the luxurious character of the area.
“(8 Cumberland) is right on Yonge Street, you can walk to the subway door, it’s right there, and it connects to a path that goes through Yorkville and all the way through to Bloor Street,” Alan Vihant, Great Gulf’s senior vice-president, highrise, told Condo Life last fall at the groundbreaking for the company’s 8 Cumberland. This modern 51-storey condo with a century-old brick Victorian podium is located at the northwest corner of Cumberland Avenue and Yonge.
“8 Cumberland will create a new gateway to the Yorkville District,” says Great Gulf President, Residential, Niall Collins. “Our commitment to the neighbourhood’s revitalization includes a 36-storey condo tower at 18 Yorkville, the iconic 76-storey condo tower at One Bloor East and this 51-storey condo development all within a block radius.”
Nearby, Lanterra Developments is building 50 Scollard, a 41- storey condo at the corner of Bay and Scollard in Yorkville, with 77 exclusive residences. The project, in fact, earned Lanterra Best Highrise Building Design at the 2019 BILD Awards.
Complementing the high end, highrise living and shopping in Yorkville are nearby cultural offerings such as the Royal Ontario Museum, the Gardiner Museum of Ceramic Art, the Mira Godard Gallery, the Heffel Fine Art Auction House and Gallery 36.
And of course, blessed with a location along major transit arteries, getting to and from Yorkville is a breeze, with three subway stops along this stretch of Bloor.
Location, location, location
Bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west
- Cumberland Terrace
- Gallery 36
- Holt Renfrew Centre
- Royal Ontario Museum
- Windsor Arms Hotel