Yorkville is known as one of the most expensive streets in the world and the most coveted location in Toronto. The city planned by placing retail giants at the forefront making commercial rents soar, the property value and development growth followed suit. Within a few minutes visitors can access the Yonge-Bloor subway line to experience Yorkville's enhanced experience for high-end shopping. Condominum builders incorporate interior design work by local upscale shopping retailers like Fendi, Missoni Home, Hermes and Armani Casa. Major brands and big players live, work and play at some of the most well known restaurants and hotels like the Four Seasons and Park Hyatt.
Located south of Summerhill, west of Rosedale, north of the Discovery District and east of The Annex, Yorkville is a highly fashionable and desirable area of Toronto, synonymous with luxury shopping, a wealth of top-end properties and, of course, Mile Mink is located here. In essence, this Toronto hotspot is strictly upper crust, home to a choice of both high street retailers and international designer brands along with some world-class restaurants. In fact, Yorkville’s Mink Mile is known for being one of the world's most expensive shopping streets with an average rent of $310 per square foot.
Indeed, when it comes to neighbourhoods in Toronto, Yorkville is one of the city's most prestigious locations. For a start, Yorkville is excellently located for everything in downtown Toronto. Moving in a clockwise direction, the neighbourhood is bordered on the north by Davenport Road, on the east by Yonge Street, on the south by Bloor Street and on the west by Avenue Road, which is officially a part of The Annex, immediately west. Notable Toronto attractions nearby include the Royal Ontario Museum, the University of Toronto, the Royal Conservatory of Music, Bloor Yorkville Shopping, Chinatown and the city’s Theatre District.
Alongside an ideal location, Yorkville also boasts good-quality housing from restored Victorian homes in flower-filled courtyards to luxury condominiums for stylish urban living. For example, 133 Hazelton Residences is a new condo and townhouse development in Yorkville by Mizrahi Developments. Other notable residences include 181 Davenport scheduled for completion in 2015, 36 Hazelton, which boasts 18 wonderfully exclusive suites and CASA, which is a high-rise, 46-storey condominium near the intersection of Bloor Street and Yonge Street.
Yorkville is also well connected from a transport perspective with easy access to Bloor-Yonge Station and the Gardiner Expressway. The other amenities of the area include tree-lined streets, beautifully landscaped green spaces and an eclectic mix of independent shops that residents can enjoy. The neighbourhood also has a number of cafes and is the host of the annual Santi Wine Festival in May and the Toronto International Film Festival in September.
In short, with a hive of local interests including cultural destinations, green spaces, world-class shopping and delightful dining experiences, Yorkville is a neighbourhood like no other. It is one of the most iconic areas of downtown Toronto and home to some of its most desirable properties. If you’re looking to set up residence here, it’s vital to be proactive when seeking out property leads because Yorkville properties are snapped up very quickly.
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