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    Ritz Towers Condos
    4for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    28
    Number of Units:
    222
    Condo Completion:
    1986
    Condo Demand:
    Low
    Unit Size Range:
    860 - 1,395 SQFT
    Unit Availability:
    Medium

    Listing History for Ritz Towers Condos

    Receive listing updates for Queen Street Corridor

    Amenities

    Rec Room
    Outdoor Pool
    Visitor Parking
    Indoor Pool
    Concierge
    Games Room

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Excluded
    Air Conditioning

    About 8 Lisa StreetRitz Towers Condos

    Ritz Towers Condos was completed in 1986 by Bramalea Limited. While some buyers associate high maintenance fees with older buildings, maintenance fees at 8 Lisa Street are only $0.97 per-square-foot. These Queen Street Corridor condos for sale offer floor plans that are more spacious than most modern condos; there are 222 suites in this 28-storey residence, and units range from 860 square feet to 1395 square feet.

    Maintenance fees at 8 Lisa Street are $0.97 per-square-foot, which is on the higher end compared to the average of about $0.67, however the maintenance fees do include all utilities (usually at least hydro is separate).

    The Suites

    We’ve aggregated a number of stats at 8 Lisa Street. Here are some highlights: In the past 12 months, 8 units have sold, and 7 have been rented. Meanwhile, property values here have decreased by 4.65%.

    Units at Ritz Towers Condos have a low likelihood of receiving more than one offer, and on average they sell for -2.96% below the listed price. Suites here have an average cost per-square-foot of $410 based on sales over the past 12 months, and the median time a unit spends on the market is 53 days.

    The Neighbourhood

    Living here means you’re just a 8-minute walk from Bramalea City Pizza, St. Louis Bar & Grill and Subway, making it easy to dazzle your taste buds without much effort. You’ll only have to walk 14 minutes to pick-up a coffee before heading out for your day at Tim Hortons, McDonald's and Daniel's Chai Bar.

    There are a number of grocery stores within a short drive, including Rabba Fine Foods and Gem West Indian Grocery.

    Residents here can stop by Scotiabank and BMO Bank of Montreal on their way home from work, so they can take care of their financial needs.

    8 Lisa Street is just a short 2-minute drive to several green spaces like Esker Lake Trail, Hoskins Parkette and Laurelcrest Park.

    There are plenty of nearby school choices — KinderKollege Primary School, St. John Fisher Catholic School and Doon School — with more in neighbouring areas so you can find the best school for your child’s needs. Families with older children will be happy to know that Bramalea Secondary School can be reached by car in under 4 minutes.

    Transportation

    Transit users will need to trek a bit to Bramalea Terminal Route 1/1A EB - Departure, the nearest light transit stop.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 4 Lisa Street, 5 Lisa Street and 3 Lisa Street.

    Reviews for Ritz Towers Condos

    Georgia L
    October 29 2024
    4 out of 5
    Beautiful quiet location on Lisa St, large park (Norton Park) is right behind it and there is a lovely water fountain. The area is somewhat walkable, used to be a little rough but it's been getting much nicer!
    4

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    Explore Queen Street Corridor

    6/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar condos

    Demographics

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

    Population
    8,702
    Average Individual Income
    $66,077
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $122,691
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    16%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    21%
    65+
    17%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    27%
    $60,000+
    16%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    62%
    Semi Detached
    18%
    Duplex
    11%
    Low Rise Apartment
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    76%
    Punjabi
    10%
    Other
    8%
    Urdu
    2%
    Spanish
    1%
    Hindi
    1%
    Mandarin
    1%
    Cantonese
    1%
    Education
    High School
    29%
    University and Above
    25%
    College
    21%
    None
    15%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Humanities
    6%
    Physical Sciences
    5%
    Personal, Protective & Transportation Services
    4%
    Math & Computer Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    Ritz Towers Condos vs The Queen Street Corridor Area

    Days on Strata

    Units at Ritz Towers Condos spend an average of
    53
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    10
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    16th
    Highest price per SQFT out of 23 condos in the Queen Street Corridor area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

    Ritz Towers Condos offers the
    ?
    best value out of 23 condos in the Queen Street Corridor neighbourhood

    Appreciation Rank

    Ritz Towers Condos has the
    ?
    highest ROI out of 23 condos in the Queen Street Corridor neighbourhood

    Rental Yield

    Ritz Towers Condos yields the
    ?
    highest rent prices out of 23 condos in the Queen Street Corridor neighbourhood

    High Demand

    Ritz Towers Condos is the
    ?
    most popular building out of 23 condos in the Queen Street Corridor neighbourhood

    Transaction Insights at 8 Lisa Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$418,000No Data$480,000 - $488,000$427,000 - $530,000
    Avg. Cost Per Sqft$398No Data$428$435
    Avg. Wait for Unit Availability357 Days187 Days57 Days34 Days
    Ratio of Units in Building6%6%45%45%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen Street Corridor