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    8 Scollard Street

    2for Sale
    3for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    17
    Number of Units:
    155
    Condo Completion:
    2008
    Condo Demand:
    Low
    Unit Size Range:
    400 - 1,800 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Lotus

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    Amenities

    Sauna
    Concierge
    Gym Room
    Indoor Parking
    Security System
    Party Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 8 Scollard StreetThe Lotus

    Between Bay, Bloor and Yonge Street, and just south of Davenport Road, sits The Lotus Condos at 8 Scollard Street. These modern condos offer what all Torontonians are looking for in a high-rise home: a prime location, easy access to transit, contemporary style, and plenty of green-space, all close to downtown Toronto. That’s a lot to ask for, we realize, but the Lotus Condos easily fill all of these needs and more.

    Built in 2008, 8 Scollard Street has a façade of limestone, glass and metal, along both its square shape and distinctive eastern side that has a rounded, column-like shape. This rounded portion boasts especially scenic views of Yonge Street and the Rosedale Valley, while other exposures look out over Yorkville and The Annex.

    There are stores and restaurants conveniently located on the ground floor, as well as 2 parkettes: one directly east and another just south of the building. Best of all, 8 Scollard Street has many amenities for residents to use, including a gym, a sauna, a spa with juice bar, lounge, and manicure and pedicure rooms, concierge and security services, a party room, a conference room, guest suites, and a parking garage.

    The Suites

    The Lotus Condos reach just 17 storeys, and hold 155 Toronto condos within. The homes rang from just over 400 to almost 1,800 square feet. The units vary in terms of exposure as well, with one or two bedroom units available. One or two bathrooms occupy each unit as well, while some one bedroom suites boast dens as well.

    Yorkville condos for sale at The Lotus Condos are spacious, bright, and comfortable, thanks to 8- to 10-foot ceilings, large and plentiful windows, and open-concept dining and living rooms. Floors are finished with engineered wood, and kitchens feature granite counters, breakfast bars, stainless-steel appliances and modern wooden cabinetry.

    Master bedrooms boast large double-door closets, and roomy bathrooms finished with tile and stones. Suites also have their own washer and dryer machines, and most of the suites have at least 1 balcony, from which residents can enjoy the sights of the neighborhood below.

    The Neighbourhood

    All along main roads like Davenport Road, Yonge Street and Bay Street, residents of The Lotus Condos should be able to find plenty of unique shops, eateries and errand-running locations that meet all of their needs.

    Smaller streets nearby like Yorkville Avenue or even Scollard Street itself are littered with plenty of great storefronts, cafes and bars to check out. And even more grocery stores, pharmacies and specialty boutiques can be found at the Yorkville Village Mall or the Hudson’s Bay Centre to the south.

    Residents of 8 Scollard looking for nearby fun won’t have to look long or walk far. Nearby, at the intersection of Bloor Street and Avenue Road, popular attractions like the Royal Ontario Museum, Koerner Hall, and the Varsity Theatre are perfect for taking in the latest exhibits, concerts or films.

    In addition to the small parkettes that surround the building, a number of large parks also serve the area. These include Jessie Ketchum Park, Queens Park, Harold Town Park, and Ramsden Park, as well as the rest of the Rosedale Valley Ravine.

    There are also a number of reputable schools nearby for families to choose from, like Branksome Hall, St. Joseph’s College, Jessie Ketchum Junior and Senior Public School, Rosedale Junior Public School, and even Toronto Metropolitan University, U of T, and George Brown College.

    Transportation

    Residents of 8 Scollard Street shouldn’t have any issues navigating their neighborhood. There are buses that stop right at the corner of Yonge and Davenport. Additionally, both the Bay and Bloor-Yonge Subway Stations are about a 5-minute walk south, making using either of downtown’s subway lines easily accessible at all times of the day.

    Cyclists will enjoy the bike lanes that adorn streets like Bloor and Bay, while motorist can take Bloor Street to reach the nearest highway, the Don Valley Parkway.

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    Explore Yorkville

    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 condos

    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%

    Maintenance Fees

    The Lotus vs The Yorkville Area

    Days on Strata

    Units at The Lotus spend an average of
    67
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    6%
    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
    7
    YEARS before being sold again

    Property Value

    1%
    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

    8
    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 - $722,000$850,000No Data
    Avg. Cost Per Sqft$890No Data$1,034$1,080No Data
    Avg. Wait for Unit Availability189 Days207 Days92 Days676 Days543 Days
    Ratio of Units in Building25%14%43%16%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Yorkville