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IS WHAT WE DO Compare 5 different condo concentrated areas in Toronto Geoffrey Au (Broker) Phone:

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Presentation on theme: "IS WHAT WE DO Compare 5 different condo concentrated areas in Toronto Geoffrey Au (Broker) Phone:"— Presentation transcript:

1 IS WHAT WE DO Compare 5 different condo concentrated areas in Toronto Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 1

2 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Compare 5 different condo concentrated areas in Toronto North York (Yonge & Sheppard) Mid Town (Yonge & Eglinton) Central Downtown (Yonge & College) Downtown Entertainment District (King & John) Downtown East (Dundas & Parliament) 2

3 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca The topics we will look at for each of the areas include: The average sales price for each unit type (studio, 1 bed, 1+den, 2 bed) The average number of days it takes to sell a unit The average rent for each unit type The average number of days it takes to rent out a unit The most popular unit type Existing neighborhood infrastructure (transit, schools, grocery stores, restaurants, etc.) New infrastructure under construction/planned that will contribute to the growth potential of the neighborhood 3

4 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 4 North York Characteristics Access to 2 subways lines: Yonge Line, Sheppard Line 25 min subway ride to downtown LOTS of restaurant and grocery stores along to Yonge Bayview Village Mall, high – end shopping and dining Fairview Mall (End of Sheppard Line) Well developed neighbourhood Short drive to York Region (primary residence of many investors), convenience for rental property maintenance

5 Parking: $30,000 Unit sizes are relatively bigger than downtown; studio units are very rare. Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Prices (0-5 Years New Condo) TypeSize (Square Feet)PricePrice Per Sq. Feet Studio400 $230,000 $575 1 Bedroom520 $285,000 $548 1 + Den633 $323,500 $511 2 Bedroom800 $419,000 $523 2 + Den950 $498,000 $524 5

6 Market Data in 2014 - Resale Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 6 Price Range No. of Transaction No. of Days on Market Under $300K8434 $300K - $400K25930 $400K - $500K17531 $500K +12328 Total No. of Transaction 641

7 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Rent (0-5 Years New Condo) 7 TypeSize (Square Feet)Rent Per MonthRent Per Sq. Feet Studio400$1,200$3.00 1 Bedroom520$1,500$2.88 1 + Den633$1,625$2.57 2 Bedroom800$2,100$2.63 2 + Den950$2,350$2.47

8 Most popular rental range is $1,500 to $1,750 Both resale and rental data suggest that 1+Den units are the most popular in North York Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Market Data in 2014 – Rental Price RangeNo. of TransactionNo. of Days on Market $1,250 – 1,50029920 $1,500 – 1,75067022 $1,750 – 2,00032724 $2,000 – 2,25024624 $2,250 – 2,5008927 $2,500 +8531 Total No. of Transaction1,716 8

9 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Yonge and Eglinton Characteristics Yonge subway line, 15 minute ride to downtown The Eglinton Crosstown LRT (to be completed in 2020) The Yonge - Eglinton Center (office tower + retail shopping) is currently under $100 million facelift New office & condo developments underway in the area Many restaurants and shops along Yonge A neighbourhood well-liked by young professionals, average household income is $128,973.00 per year An area with a lot future growth, the future transit hub by the city of Toronto 9

10 Parking: $50,000 Prices are more expensive than North York Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Prices (0-5 Years New Condo) TypeSize (Square Feet)PricePrice Per Sq. Feet Studio339 $225,000 $663 1 Bedroom490 $305,900 $624 1 + Den590 $369,990 $627 2 Bedroom716 $450,000 $628 2 + Den846 $498,000 $588 10

11 Most popular price range is $500K+ These are usually 2 Bedroom under 800 square feet High average household income in area Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Market Data in 2014 - Resale 11 Price Range No. of Transaction No. of Days on Market Under $300K649 $300K - $400K3223 $400K - $500K6521 $500K +10131 Total No. of Transaction 204

12 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Rent (0-5 Years New Condo) 12 TypeSize (Square Feet)Rent Per MonthRent Per Sq. Feet Studio339$1,300$3.83 1 Bedroom490$1,650$3.37 1 + Den590$1,850$3.14 2 Bedroom716$2,250$3.14 2 + Den846$2,500$2.96

13 1+Den and large 2 Bedroom units are most popular Consistent with the fact that area is well-liked by young professionals with high income Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Market Data in 2014 – Rental Price RangeNo. of TransactionNo. of Days on Market $1,250 – 1,500716 $1,500 – 1,7506325 $1,750 – 2,0009222 $2,000 – 2,2502422 $2,250 – 2,5001725 $2,500 +1724 Total No. of Transaction280 13

14 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 14 Yonge and College Characteristics In the heart of downtown, walk to everything 10 minute walk to University of Toronto 10 minute walk to Ryerson University 10 minute walk to the hospital district 10 minute walk to Eaton Center Access to subway and street car Very expensive area, land is scarce

15 Parking: $55,000 As expected, the most walkable neighbourhood with a very high price tag Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Prices (0-5 Years New Condo) TypeSize (Square Feet)PricePrice Per Sq. Feet Studio340 $240,000 $706 1 Bedroom500 $352,900 $706 1 + Den600 $415,000 $692 2 Bedroom700 $480,000 $686 2 + Den800 $545,900 $682 15

16 Market Data in 2014 - Resale Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 16 Price Range No. of Transaction No. of Days on Market Under $300K1931 $300K - $400K13920 $400K - $500K13223 $500K +18224 Total No. of Transaction 472

17 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Rent (0-5 Years New Condo) 17 TypeSize (Square Feet)Rent Per MonthRent Per Sq. Feet Studio340$1,500$4.41 1 Bedroom500$1,700$3.40 1 + Den600$1,900$3.17 2 Bedroom700$2,400$3.43 2 + Den800$2,700$3.38

18 High rental demand; very short days on market 1 Bedroom and small 1+Den are the most popular Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Market Data in 2014 – Rental Price RangeNo. of TransactionNo. of Days on Market $1,250 – 1,500721 $1,500 – 1,7504719 $1,750 – 2,00017317 $2,000 – 2,2508620 $2,250 – 2,5002520 $2,500 +14222 Total No. of Transaction480 18

19 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 19 Entertainment District Characteristics An entertainment area along King Street, between University Avenue and Spadina Avenue 4 minute walk to St. Andrew subway station 10 minute walk to Bay Street with all the restaurants and theatres on King Street An area well-liked by young professionals in the financial industry who work hard and play hard

20 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Prices (0-5 Years New Condo) TypeSize (Square Feet)PricePrice Per Sq. Feet Studio400 $250,000 $625 1 Bedroom500 $342,500 $685 1 + Den600 $405,900 $676 2 Bedroom700 $465,000 $664 2 + Den800 $525,900 $657 20

21 Market Data in 2014 - Resale Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 21 Price Range No. of Transaction No. of Days on Market Under $300K5735 $300K - $400K12935 $400K - $500K16836 $500K +15544 Total No. of Transaction 509

22 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Rent (0-5 Years New Condo) 22 Type Size (Square Feet) Rent Per MonthRent Per Sq. Feet Studio400$1,400$3.50 1 Bedroom500$1,450$3.30 1 + Den600$1,800$3.00 2 Bedroom700$2,300$3.29 2 + Den800$2,600$3.25

23 An area with extremely high rental consumption Small 1 Bedroom units are the most popular Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Market Data in 2014 – Rental Price RangeNo. of TransactionNo. of Days on Market $1,250 – 1,5009221 $1,500 – 1,75064821 $1,750 – 2,00054022 $2,000 – 2,25017225 $2,250 – 2,50015925 $2,500 +37034 Total No. of Transaction1981 23

24 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 24 Regent Park Characteristics An neighbourhood with historical bad reputation but is physically at a great location (Dundas and Parliament) and is therefore chosen to undergo a 15 years revitalization plan The whole community is built by Daniels, the builder who built the New York Tower community at Bayview Village in North York Street cars through the neighbourhood on Dundas at 5 min intervals 5 min ride to Ryerson University, Eaton Centre and Yonge Subway We are now 7 years into the revitalization plan, the neighbourhood is shaping up with new condos, parks, aquatic centre, athletic grounds, community centre, grocery stores…. Etc. Started off bad, a great revitalization plan led to huge growth potential, people who bought in Phase I are now enjoying a huge $200 per sq. ft. appreciation in their condos A hidden gem in downtown Toronto

25 Parking: $250,000 Live in Downtown Toronto, 5 min from Eaton Centre, with a North York price tag Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Prices (0-5 Years New Condo) TypeSize (Square Feet)PricePrice Per Sq. Feet Studio352 $205,000 $582 1 Bedroom416 $260,000 $557 1 + Den600 $320,000 $533 2 Bedroom700 $365,000 $523 2 + Den800 $420,000 $525 25

26 Market Data in 2014 - Resale Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca 26 Price Range No. of Transaction No. of Days on Market Under $300K931 $300K - $400K4139 $400K - $500K2532 $500K +727 Total No. of Transaction 82

27 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Typical Rent (0-5 Years New Condo) 27 TypeSize (Square Feet)Rent Per MonthRent Per Sq. Feet Studio352$1,200$3.41 1 Bedroom416$1,350$2.90 1 + Den600$1,600$2.67 2 Bedroom700$1,850$2.64 2 + Den800$2,100$2.63

28 Smaller units (Studio, 1 Bedroom, 1+Den) are more popular for rental in this neighbourhood Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Market Data in 2014 – Rental Price RangeNo. of TransactionNo. of Days on Market $1,250 – 1,5005824 $1,500 – 1,7507020 $1,750 – 2,0002236 $2,000 – 2,2503027 $2,250 – 2,5001233 $2,500 +840 Total No. of Transaction200 28

29 Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca You will have a good understanding of the statistics and characteristics of each of the areas and it should help you select the neighborhood that fits into your very own investment goals. 29

30 Based on Mortgage rate 2.15%, 25 years Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Properties at Prime Locations 30 TorontoVancouverHong Kong Studio Sales Price $278,900$389,000$2.89 Million 1 Bedroom Monthly Rent $1,500$1,400$5,523 Initial Investment $55,780$77,800$1.44 Million Mortgage $961.03$1,340.41$6,225.98 Condo Fee $217.80$211$474.60 Property Tax $232.42$113$441.85 Total Expenses $1,411.25$1,664.41$7,142.43 Monthly Cash $88.75-$264.41-$1,619.43

31 FOR MORE INFORMATION… Geoffrey Au (Broker) E-mail: geoffreyau@royallepage.ca Phone: (416)567-8030geoffreyau@royallepage.ca Geoffrey Au, Broker Royal LePage Peaceland Realty Cell phone #: (416)567-8030 Office Phone #: (905)707-0188 Email address: geoffreyau@royallepage.cageoffreyau@royallepage.ca Website: www.geoffrey.realtor 31


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