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    21 Widmer Street

    4for Sale
    13for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    43
    Number of Units:
    440
    Condo Completion:
    2013
    Condo Demand:
    Medium
    Unit Size Range:
    331 - 1,600 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Cinema Tower

    Receive listing updates for King West

    Amenities

    Gym Room
    Media Room
    Visitor Parking
    Rooftop Deck
    Indoor Pool
    Games Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 21 Widmer StreetCinema Tower

    The Cinema Tower Condos was likely named for its extremely close proximity to Toronto’s acclaimed TIFF Bell Lightbox — the two buildings back onto one another. Thankfully for culture addicts, 21 Widmer is situated in the King West neighbourhood and surrounded by entertainment venues galore, including the 14-screen Scotiabank Theatre and the Princess of Wales Theatre.

    Daniels Corporation and Kirkor Architects evidently understood the need to prioritize density when building the Cinema Tower Condos, resulting in a building that’s 440 units large. Soaring to 43 storeys tall, the high-rise, glass and steel clad edifice with rounded balconies was completed in 2013.

    The six-storey podium at 21 Widmer houses retail businesses on the lowest level and the exclusive “Club Cinematheque” on the highest. In the latter, residents have access to a gym with a multi-use sports court, as well as a sauna, movie theatre, rooftop terrace with barbecues, games room, meeting room, and party room. A concierge and security guard are onsite to ensure the building functions smoothly, while visitor parking and guest suites make life easier for guests of residents.

    And to top it all off, environmentally conscious buyers will feel like they’ve done their part when purchasing a home at the Cinema Tower. Not only is rainwater harvested in the building, but there are also separate garbage chutes to promote recycling. Even the parking garage encourages green commutes, thanks to its rideshare program and bike parking.

    The Suites

    Unfortunately for prospective buyers who are sold on the building, some of the original buyers aren’t going anywhere any time soon — a handful of individuals were able to purchase rent-to-own units back in 2013. On the other hand, with over 400 suites, Toronto condos for sale in the Cinema Tower are bound to make rather frequent appearances on the market.

    The enormous quantity of units also makes for a good amount of variety in terms of size and layout. Suites begin at around 400 and reach to approximately 1,500 square feet, and floor plans vary from studios to three bedroom homes. As a result, the building is filled with living spaces suitable for single professionals and child-free couples, as well as budding families.

    The interiors at 21 Widmer are elegant yet unfussy. Hardwood and ceramic floors can be found throughout the building, complemented by 9-foot ceilings. The bathrooms are especially impressive spaces, with their spacious bathtubs, low-flow sinks, and dual flush toilets.

    The Neighbourhood

    How can life ever be boring when living in the middle of the Entertainment District of Canada’s biggest metropolis? Even without leaving the immediate area, residents can find new things to do all the time.

    The Rogers Centre and the Scotiabank Arena take less than 10 and 20 minutes to reach by foot, respectively. At both of these venues, sports fans can cheer on their favourite teams, while music buffs can go crazy at some of the city’s biggest concerts. While residents may not visit the CN Tower or Ripley’s Aquarium regularly, the close proximity to these downtown Toronto attractions comes in handy when out-of-towners come to visit.

    Gathering groceries is hardly a chore when living at 21 Widmer, thanks to the Independent City Market that’s a 3-minute walk away from home. Alternatively, residents can walk 6 minutes to the corner of King and Spadina, where they can stock up at both Fresh & Wild Food Market and the LCBO across the street.

    Transportation

    Getting around the city is a breeze with an address like 21 Widmer, regardless of one’s preferred method of transportation. In less than 2 minutes, residents can walk to a streetcar stop on King Street at John, from which one can head east or west at any hour of the day. Travelers heading north and south via public transit can either walk to Spadina to the west or University to the east, with the former offering connections onto streetcars and the latter onto subway trains.

    Drivers, on the other hand, are equally well positioned when living at the Cinema Tower Condos. Adelaide and Richmond are both nearby one-way streets that allow cars to bypass more congested major roads. Spadina can be used to reach the Gardiner Expressway in a matter of minutes, while University can be used to drive as far north as the 401.

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    Listings For Sale

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    Listings For Rent

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    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Cinema Tower vs The King West Area

    Days on Strata

    Units at Cinema Tower spend an average of
    27
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    32nd
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    13
    Units were Sold over the past twelve months

    Rented Units

    73
    Units were Rented over the past twelve months

    Best Value Rank

    Cinema Tower offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    Cinema Tower has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    Cinema Tower yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    Cinema Tower is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 21 Widmer Street

    Studio1 Bed1 Bed + Den2 Bed3 Bed3 Bed + Den
    Price Range$475,000$542,000 - $650,000$642,000 - $776,000No DataNo Data$1,400,000
    Avg. Cost Per Sqft$1,210$973$1,098No DataNo Data$999
    Avg. Wait for Unit Availability153 Days23 Days31 Days87 DaysNo Data1057 Days
    Ratio of Units in Building8%43%33%16%1%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in King West