Hi everyone, welcome to this special video edition of Real Value – TV! We are going to take you to a neighbourhood of North York. This is Yonge and Finch.  Last year the hottest neighbourhood in the city was Yonge and [...]]]> The story on Yonge and Finch is playing on the video :

Transcript

Hi everyone, welcome to this special video edition of Real Value – TV! We are going to take you to a neighbourhood of North York. This is Yonge and Finch.  Last year the hottest neighbourhood in the city was Yonge and Sheppard, that is just a block south of here.  However, now with the changed economy, buyers are looking for better value, and they’ve decided to come here to Yonge and Finch. Why not? The best of the Yonge & Sheppard area, the Empress Walk, is just down the hill here.

People want to live here and the big builders know it. Tridel has two separate projects here.  This is Meridian, it is a beautiful two tower project. This is my favourite new building up here as thought as been given to integrate its architecture in with buildings around.  The towers house condo apartment suites, and at the base of the tower are town homes. At the moment those are all that is available.  You will be paying around $750 000 and they range from 1700 square feet to about 1900 square feet. In Meridian, a resale one bedroom condo apartment will sell between $260 000 and $280 000. A two bedroom will go for about $350 000 to $420 000.

Tridel also has this seniors residence, Grand Triomphe, still to be completed. Last time I checked they only have three bedroom suites available in here, and you will be paying over a million dollars for them.

Here is Pemberton’s recent contribution to the neighbourhood. It too is a two tower condo complex with retail on the ground level. When you are coming down Yonge Street, these buildings really give a bold impression.

Menkes is building another two tower condo complex. This is called Luxe, which started construction last year. In Luxe, a two bedroom is around 760 square feet and you will be paying $325 000, a one bedroom, that is around 520 square feet you will be paying $230 000.

This popular mall is also slated to be re-developed into yet another residential condo mixed with retail. Though, I would not expect any movement on that until the economy starts to pick up again.

At Yonge and Finch, you have the hustle and bustle of Yonge street, with all its shopping and restaurants, and you also have a residential area not too far away. If you are in one of these homes, it is surprisingly quiet. For a bungalow they will sell between $450 000 to over $500 000.  A recently renovated, two storey home, in excellent condition will sell for around a million dollars. What you have been seeing is people buying the bungalows, razing them and building two storey mansions and flipping them for a profit.

The Finch subway station is up here too, its combined with the GO station.  So no matter where you want to go, its not too far away.

These are the condos at Northtown, you just have to be careful of the view in here.

So we really just scraped the surface here at Yonge and Finch, if you or someone you know is thinking of moving into this area, please let me know and I will be sure to find them something that meets their needs.