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    2466 Eglinton Avenue E

    Rainbow Village II Condos
    0for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    18
    Number of Units:
    287
    Condo Completion:
    1990
    Condo Demand:
    Medium
    Unit Size Range:
    511 - 1,400 SQFT
    Unit Availability:
    Medium

    Listing History for Rainbow Village II Condos

    Receive listing updates for Eglinton East

    Amenities

    Concierge
    Party Room
    Rec Room
    Security System
    Sauna
    Indoor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 2466 Eglinton Avenue ERainbow Village II Condos

    Rainbow Village II Condos was completed in 1990 by Rainbow Village Scarborough Inc.. While some buyers associate high maintenance fees with older buildings, maintenance fees at 2466 Eglinton Avenue E are only $0.56 per-square-foot. These Eglinton East condos for sale offer floor plans that are more spacious than most modern condos; there are 287 suites in this 18-storey residence, and units range from 511 square feet to 1400 square feet.

    This condo has an average demand ranking per Strata.ca analytics and a Walk Score of 78. Maintenance fees are $0.56 per-square-foot, which is lower than the neighbourhood average of $0.67 per-square-foot.

    The Suites

    The average cost per-square-foot for a unit at 2466 Eglinton Avenue E is $565, based on the past 12 months of sales, and these suites have a medium probability of receiving multiple offers.

    Units at Rainbow Village II Condos spend 32 days on the market on average and usually sell for -2.45% below the listing price. In the last 12 months, 6 units have rented, and 9 have sold.

    The Neighbourhood

    This is a great choice for foodies — with restaurants like Thai Restaurant, Coco's Place and Caribbean Ocean Restaurant nearby, the only issue will be picking just one. Get to know Eglinton East by exploring local cafes like Tim Hortons and Eat To Sweets Cafe.

    Grocery pick-ups are made easy thanks to Yal Market, Yasmeen Halal and Rob's No Frills within a 11-minute walk.

    Planning for your future is easy with Scotiabank and CIBC Branch with ATM in the area.

    Having Scarborough Hydro Green Space and Glen Ravine Park within 13 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Like to shop? Everything you need is close by when you live at 2466 Eglinton Avenue E, including Midland and Eglinton Plaza, Kenway Plaza and Kennedy Park Plaza which are only 2 away.

    Rainbow Village II Condos is a short drive away from Glen Ravine Junior Public School, Walter Perry Junior Public School and Lord Roberts Junior Public School, giving you plenty of choice for your child’s education. This location is a great choice for families who are seeking top-notch educational institutions like St. Joan of Arc Catholic Academy, Scarborough Centre for Alternative Studies and Midland Avenue Collegiate Institute.

    Transportation

    Transit users aren’t far from a light transit stop at 2466 Eglinton Ave East. Kennedy station is only 1 minutes walking distance from the building.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 2460 Eglinton Avenue E, 915 Midland Avenue and 20 Gilder Drive.

    Rainbow Village II Condos Reviews

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    Explore Neighbourhood

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    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
    7,603
    Average Individual Income
    $59,032
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $104,500
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    18%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    54%
    $30,000+
    25%
    $60,000+
    12%
    $90,000+
    5%
    $125,000+
    1%
    Housing Types & Tenancy
    Detached
    48%
    Semi Detached
    35%
    Duplex
    8%
    Low Rise Apartment
    3%
    High Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    51%
    Cantonese
    22%
    Mandarin
    15%
    Other
    7%
    Tamil
    3%
    Tagalog
    1%
    Punjabi
    1%
    Education
    High School
    28%
    University and Above
    26%
    None
    23%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Health & Related Fields
    14%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Rainbow Village II Condos vs The Eglinton East Area

    Days on Strata

    Units at Rainbow Village II Condos spend an average of
    32
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    9.7
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 17 condos in the Eglinton East area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    Rainbow Village II Condos offers the
    ?
    best value out of 17 condos in the Eglinton East neighbourhood

    Appreciation Rank

    Rainbow Village II Condos has the
    ?
    highest ROI out of 17 condos in the Eglinton East neighbourhood

    Rental Yield

    Rainbow Village II Condos yields the
    ?
    highest rent prices out of 17 condos in the Eglinton East neighbourhood

    High Demand

    Rainbow Village II Condos is the
    ?
    most popular building out of 17 condos in the Eglinton East neighbourhood

    Transaction Insights at 2466 Eglinton Avenue E

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$445,000 - $475,000No Data$578,000 - $648,500No DataNo Data
    Avg. Cost Per SqftNo DataNo Data$615No Data$569No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data304 Days151 Days342 Days56 Days1986 Days614 Days
    Ratio of Units in Building1%6%17%6%63%3%7%

    Unit Sales vs Inventory

    Total number of units listed and sold in Eglinton East