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    Toronto / Downtown / Yorkville

    702 - 8 Scollard St

    For RentThe Lotus
    $3,200/mth
    2 Beds
    2 Bath
    1 Parking
    900 SQFT
    5 Days on Strata
    Est Lease Timeframe
    21 Days

    Listing History

    Unit Highlights

    Possession Date:
    October 25, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North East
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    Stunning Urban Condo in the Heart of Yorkville! This bright and modern 2-bedroom unit offers luxurious city living just steps from the finest shopping, dining, and cultural experiences Toronto has to offer! Featuring wall-to-wall windows with sweeping NE views, this open-concept space is perfect for professionals seeking a high-end lifestyle. The kitchen boasts sleek counters and built-in stainless steel appliances, seamlessly blending into the spacious living area. Situated just steps from the Four Seasons, Yonge/Bloor subway station, and the University of Toronto, this condo provides unbeatable access to everything the city has to offer. Building amenities include a spa, fully-equipped gym, sauna, party room, and more. With 9 ceilings, laminate flooring, and 1 parking spot included, this unit is the epitome of sophisticated urban living.

    royal lepage/j & d divisionMLS® #C9512933

    Amenities

    Indoor Parking
    Concierge
    Gym Room
    Party Room
    Guest Suites
    Security System

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

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

    Population
    16,960
    Average Individual Income
    $62,918
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $103,235
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    26%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    37%
    Detached
    30%
    Semi Detached
    16%
    Low Rise Apartment
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    76%
    Mandarin
    11%
    Cantonese
    7%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Korean
    1%
    Education
    University and Above
    39%
    High School
    23%
    College
    16%
    None
    13%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Lotus vs The Yorkville Area

    Building Trends At The Lotus

    Days on Strata

    Units at The Lotus spend an average of
    49
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Yorkville

    Turnover of Units

    On average, each unit is owned for
    6.9
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 57 condos in the Yorkville area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    20
    Units were Rented over the past twelve months

    Best Value Rank

    The Lotus offers the
    ?
    best value out of 57 condos in the Yorkville neighbourhood

    Appreciation Rank

    The Lotus has the
    ?
    highest ROI out of 57 condos in the Yorkville neighbourhood

    Rental Yield

    The Lotus yields the
    ?
    highest rent prices out of 57 condos in the Yorkville neighbourhood

    High Demand

    The Lotus is the
    ?
    most popular building out of 57 condos in the Yorkville neighbourhood

    Transaction Insights at 8 Scollard Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$415,000No Data$615,000 - $722,000No DataNo Data
    Avg. Cost Per Sqft$890No Data$1,034No DataNo Data
    Avg. Wait for Unit Availability189 Days207 Days92 Days697 Days543 Days
    Ratio of Units in Building25%14%43%16%4%

    Transactions vs Inventory

    Total number of units listed and leased in Yorkville