Yorkville was named after the Town of York, what we now know as Toronto. Yorkville was incorporated as a Village in 1853. In 1883, Yorkville had the distinction of being the first village annexed by the City of Toronto. Despite being part of a big city, Yorkville has always maintained its own identity. It had gained notoriety first as a hippie haven in the 1960’s, and then became known as a shopping mecca in the 1980’s and 1990’s.
Housing and Accommodation
Yorkville’s gentrified Victorian houses date back to between 1870. These historical homes exhibit many decorative features including ornamental brick patterns, gingerbread gables, cast iron fences, and richly landscaped gardens. Many of Yorkville’s houses are listed on the Toronto Historical Board’s Inventory of Heritage Properties. Yorkville is Toronto’s most cosmopolitan neighbourhood. It has wide appeal with domestic homebuyers from within the Greater Toronto Area, as well as across Canada and internationally.
JUST LISTED IN YORKVILLE
Yorkville is one of Toronto’s most dynamic neighbourhoods. It is an eclectic mix of luxury condominiums, commercial office towers, four star hotels, theatres, gourmet restaurants, beautiful Victorian homes and a prestigious shopping district. Burberry, Prada, Gucci, Hugo Boss, Vera Wang, Kate Spade, Swarovski, Birks, Coach, Betsey Johnson, Hermes, Tiffany & Co; and Chanel are all to be found in Yorkville. It is most notably the breeding ground for Canadian talents including: Joni Mitchell, Neil Young, Gordon Lightfoot, Margaret Atwood, and Dennis Lee. Yorkville was considered a pivotal nexus in Canada’s hippie movement.
International visitors and locals appreciate Yorkville as one of the city’s most photogenic neighbourhoods. Today, it is home to some of the most beautiful restaurants, bars, nightclubs, clothing stores, cafes, and shopping that Toronto has to offer. It is also the stomping grounds for world-class hotels. As a result, Yorkville is where the well-heeled flock for spa treatments, business lunches, functions, weekend getaways, date nights, and shopping trips.
Given the abundant luxury and convenience of this neighbourhood, condominiums in the Yorkville area (and homes in the nearby Annex) aren’t cheap. The walkability, lifestyle, and convenience of living in the centre of the city – combined with the beauty of the neighbourhood – makes for an everyday lifestyle that is worth every penny.
Known for its affluent demographic, you’re not going to find a place here for cheap. With some newer–albeit much smaller–condos being built for a lower price tag, even the least expensive condos will still cost you over $400, 000. The people who do live here get used to the lifestyle that Yorkville offers and tend not to leave. Homes here are well kept, and the late 1880’s built Victorian houses have been maintained with a pride of ownership that is clearly evident. Condos make up anout 79% of sales here, followed by semi-detached houses at 10% and about 6% being townhouses. The price in the area has stayed pretty even-keel only increasing a slight 2%.
A rather ritzy area, you will find some high earning singles or starter families looking for their first purchase, accomplished child-less professionals, retirees looking to downsize from their large suburban homes and even some celebrities.
Yorkville sits right atop the Bay subway station and isn’t a far walk from both St.George and Yonge subway stations as well. Want to stay above ground? The 6 Bay bus will take you right downtown.
For cyclists, Bloor Street has newly acquired bike lanes.
Area: 3km Population: 29,180
Kids: 8% Visible Minority: 20.6%
Youth: 13% Average Family Income: $203,150
Lower Education: 15% Higher Education: 31.4%
Owned Homes: 36% Tenanted Homes: 64%
- Regular celebrity sightings.
- Home to the best (and most expensive) shopping in Toronto.
- Space and parking come at a premium.
- Lacking in parks and green space.