36 HAZELTON AVE | YORKVILLE CONDOS FOR SALE

36 Hazelton Avenue

Yorkville Condos

 

Location: 36 Hazelton Ave Toronto

Number of units: 19

 

 

36 Hazelton Avenue is located at the centre of Yorkville and Toronto’s most exclusive neighborhood. With only 19 suites this is certainly a boutique and elite condominium. Suites range in size from 1800 sq ft to 2200 sq ft and penthouses up to 6000 sq ft ; these units are definitely the definition of luxury! Enjoy the tree-lined streets of Yorkville, the world class shopping and Toronto’s finest restaurants, 36 Hazelton is the address that offers it all.

CONTACT US WITH ANY QUESTIONS OR TO VIEW CURRENT LISTINGS FOR THE YORKVILLE AREA.

Other Options for Mortgage Pre-approval

You have your deposit structure all worked out but securing a mortgage pre-approval can be tricky for a number of reasons.

  • Lower Income
  • Self Employed
  • Not enough employment history
  • Borrowed too much money already, over leveraged

 

But you do have options for getting pre-approved. Using a mortgage broker who works with many different lenders oppose to the one lender the builder uses who chances are is one of Canada’s Big-5 that have very strict lending standards. The builder must consent to the use of a mortgage broker, but with builder approval this is a viable option.

Sometimes a builder is satisfied with a “Letter of Commitment”.  A letter of commitment is like a less formal mortgage approval. Your bank manager could write you one, if your relationship with the bank is good and long standing one it should not be a problem.

Another option is getting a co-signer. If you can foresee that by the time the condo is finished you will be better off financially then this may be the best option for you. Before the closing date you can remove the co-signer, they would not be responsible for any payments and you still have purchased your condo.

Let us help you find that great Toronto Condo! Click here to view condos currently for sale within the GTA. To read more Toronto and surrounding area condo profiles click here

First Time Buyer Info | Yorkville Condos

First-time buyers in major Canadian markets

move to get in ahead of higher interest rates, says RE/MAX

Driven by the threat of higher interest rates down the road, first-time buyers are contributing to strong upward momentum in residential housing markets across the country, according to a report released by RE/MAX.

The RE/MAX First-Time Buyers Report, highlighting trends and developments in nineteen major Canadian centres, found that low interest rates and balanced market conditions have provided significant impetus in 2011, particularly at lower price points.  Just over 30 per cent of markets are reporting sales in excess of 2010 levels as a result, while almost 70 per cent have experienced an upswing in average price.  Leading the country in terms of percentage increases in the number of homes sold are Western Canadian markets, including Saskatoon (up close to 15 per cent), Greater Vancouver (up close to 12 per cent), and Winnipeg (up just over 11 per cent).  With an average price hike of close to 20 per cent year-to-date (February), Greater Vancouver continues to show unprecedented strength, followed by Hamilton-Burlington (eight per cent), Quebec City (seven per cent), Winnipeg (close to seven per cent), Greater Toronto (five per cent), and Greater Montreal (five per cent). 

Despite homeownership rates approaching 70 per cent, there is clearly room for growth as entry-level buyers make their moves from coast-to-coast, undeterred by higher housing values and changes to lending criteria.  Many purchasers intent on realizing homeownership are scaling back on expectations or are willing to sacrifice location, quality and/or size to make their dream a reality – not unlike generations before them.

Inventory levels, while tight in several larger centres, are more balanced overall, giving first-time buyers a good selection of housing product from which to choose.  Not surprisingly, condominium apartments and town homes have become the first step for many entry-level purchasers, especially in Greater Vancouver, Victoria, Kelowna, Edmonton, Calgary, London-St. Thomas, Hamilton-Burlington, Greater Toronto, the Island of Montreal, and Halifax-Dartmouth where average prices have risen unabated in recent years.

With the Canadian economy on firmer footing overall, residential real estate is well-positioned moving into the traditionally busy spring market.  Consumer confidence is climbing in conjunction with economic performance, and concerns over a secondary recession fade with each passing day.  The mood is cautiously optimistic, as first-time buyers enter the market.

Changes to recent financing criteria have not created the anticipated run up in activity in most markets.  From a financial standpoint, most rookie home buyers remain quite prudent.  Those making the leap are not doing it lightly, buying within their means.  While this most recent round of policy tightening will likely have a negligible effect on demand, the message is getting across. 

Affordability remains a growing concern in most markets, and—aside from first-time purchasers—no one is more in tune with that than housing planners and developers.  In fact, the growing demand for reasonably-priced product is creating a shift in the country’s housing mix.  That trend is expected to gain traction in coming years, as builders look to create greater options for those seeking to realize homeownership.    In recent years, builders have helped ease the move to homeownership by concentrating on intensification—condominium buildings with smaller suites and small-lot subdivisions offering detached, compact homes at a fraction of the cost of a traditional single-family home.   On the flip side, the affordability factor is also breathing new life into tired older neighbourhoods, and that, in turn, is contributing to rising values. 

As prices escalate, first-time buyers are indeed spending more—some out of necessity, but others are simply in a position to do so.  Unlike in years past—a greater percentage of today’s first-time buyer pool is comprised of dual-income, college or university-educated couples with solid earnings.  They’re spending close to average price or slightly more to secure—in most cases—a better location or a home that will grow with them.   Yet, the fact remains that those on a tighter budget can get in for considerably less, with reasonable choices in every major market across the country.   While some may feel discouraged by eroding affordability levels, the underlying confidence in the concept of homeownership is rising.

While market conditions are one thing that influences first-time buyers, few things trump the fundamental belief in homeownership.  Today’s entry-level buyers are steadfast in their mindset.  They know they have to live somewhere, but they simply don’t want to pay someone else’s mortgage.  Savvy or practical, they remain a driving force.  The bottom line is that the demand for entry-level product will remain steady.  The role of starter homes in the marketplace is becoming ever more vital.

164 Cumberland St – Yorkville Condos

Renaissance Court
164 Cumberland Street

164 Cumberland St:  Renaissance Court:   Yorkville Condos

Renaissance Court was developed by Bramalea about 1982 at 164 Cumberland Street. With only 32 units, this condominium is more private than many and the price is far below the $500 per sq. ft. average of most other Yorkville properties. Suites are built over a three storey retail and office complex and vary from 1155 sq. ft. to 1800 sq. ft. within the upper four storeys. They include 24 hour concierge service.

3 McApline – Yorkville Condos

Domus
3 McApline

3 McApline:  Domus Condos:  Yorkville Condos

Although Domus was completed by Diamante Development Corporation in 2003, this relatively new condominium has already combined or altered units. It now offers 20 three-level townhomes, and 69 new loft style units dispersed over 10 floors. A short distance northeast of the Bay Street and Davenport Road is where you’ll see the modern eclectic design of the Domus condos.

One of the highlights of these lofts are the 16 ft. ceilngs and most lofts come with a balcony or terrace. Townhomes range in size from 930 to 1297 sq. ft. while the suites vary between 645 to 2752 sq. ft. Some of these homes are expensive costing as much as $500 per sq. ft. but the facilities are many and include 24 hour concierge, party room, exercise area, a guest suite, and a beautiful private garden.

99 Avenue Rd – Yorkville Condos

99 Avenue Road
99 Avenue Road

99 Avenue Rd:  Yorkville Condos

99 Avenue Road is a wonderful enhancement to the Yorkville/Bloor area. This prestigious neighborhood was built by Max & Company Development Inc. It’s brick and stone exterior is complimented by the meticulous landscaping and this condo houses 80 units in 14 storeys.

The impressive facilities include a gym and steam bath, tiered seating and stereo sound with a large screen in the theatre, a guest suite, and for your meeting needs there is a business centre.

Enjoy 10 foot ceilings in any of the 714 sq. ft. to more than 2100 sq. ft. units which average about $500 per sq. ft. After walking to the classy Yorkville shops, you’ll appreciate the entering the elegant lobby of 99 Avenue Road.

4 Lowther Ave – Yorkville Condos

4 Lowther Avenue

4 Lowther Ave:  Yorkville Condos

In the heart of Yorkville, on the west side of Avenue Road and just north of Bloor is where you’ll find 4 Lowther Avenue condominium. This spectacular residence is a 7 storey structure with 41 suites ranging in size from the unusually large studios and one bedrooms at 1100 sq. ft to over 3000 sq. ft. for the penthouses.

Each unit includes a fireplace and 9 foot high ceilings with the typical suite being 2000 sq. ft. with an additional 900 sq. ft. terrace. From $650 per sq. ft. to $775 per sq. ft. and above, these condos are priced high. However, amenities do include valet parking, party and fitness rooms, concierge service, and a small indoor pool.

20 Collier St – Yorkville Condos

20 Collier Street

20 Collier St:  Yorkville Condos

Twenty Collier houses 95 suites on 12 storeys and is one of the higher priced condos in the area. At $400 to over $600 per sq. ft. for a suite from 745 sq. ft. to 1660 sq. ft., the upscale lifestyle is well worth it to some. Penthouses do present 9 foot tall ceilings, however.

Plazacorp finished Twenty Collier in 2003 where it’s located at the intersection of Davenport, southeast of Yonge. A lounge, terrace, and exercise area are some of the amenities.

18A Hazelton Lanes and 55A Avenue Rd

Hazelton Lanes
55A Avenue Road

18A Hazelton Lanes and 55A Avenue RD:  

Yorkville Condos

18A Hazelton Lanes and 55A Avenue Road is a unique residence with restaurants and shops filling floors one and two while the third floor houses salons and offices. The Yorkville neighborhood is charmingly represented in the 1970 architecture of this building.

Although there are no additional amenities except the 24 hour concierge service, the general size of the suites is greater than the norm ranging from 800 sq. ft. to over 3000 sq. ft. A great number of suites have two storeys while each of them incorporate enormous terraces or solariums as large as 2000 sq. ft. These suites are pricey at $400 per sq. ft. to over $575 per sq. ft., but even at these premium prices these condos go quickly.

40 Scollard – Yorkville Condos

40 Scollard Street

40 Scollard:  The Lotus:   Yorkville Condos

Among the few affordable condos in Toronto’s Yorkville area is 40 Scollard, which makes it quite desireable for first time home buyers. This 15 storey building offers its residents 24 hour security and concierge, recreation and fitness rooms, sauna, and squash court.

Completed in 1980, visiting Yonge and Bloor, Yonge and Bay, Hazelton Lanes, Bloor shops and cafes, and taking the subway, is right there at your fingertips.