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    1514-1558 Lancaster Drive

    1516 Lancaster Drive Townhomes
    0for Sale
    0for Rent

    Building Details

    Property Type:
    Townhouse
    Number of Storeys:
    2
    Number of Units:
    150
    Condo Completion:
    1979
    Condo Demand:
    Medium
    Unit Size Range:
    880 - 1,499 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for 1516 Lancaster Drive Townhomes

    Receive listing updates for Old East York

    Amenities

    BBQ
    Indoor Parking
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1514-1558 Lancaster Drive1516 Lancaster Drive Townhomes

    1516 Lancaster Drive Townhomes is a Toronto condo located at 1514-1558 Lancaster Drive in the Old East York neighbourhood. The condo was completed in 1979 and features 150 units over 2 storeys. Toronto condo for sale here range from 880 square feet, up to 1499 square feet.

    The Suites

    We’ve aggregated a number of stats at 1514-1558 Lancaster Drive. Here are some highlights: In the past 12 months, 7 units have sold, and 4 have been rented. Meanwhile, property values here have decreased by 3.09%.

    Units at 1516 Lancaster Drive Townhomes have a medium likelihood of receiving more than one offer, and on average they sell for 0.64% above the listed price. Suites here have an average cost per-square-foot of $706 based on sales over the past 12 months, and the median time a unit spends on the market is 29 days.

    The Neighbourhood

    Living here means you’re just a 5-minute walk from Pizza Pizza, Harvey's and Swiss Chalet, making it easy to dazzle your taste buds without much effort. In the mornings, become a regular at McDonald's, a quick 5-minute walk from 1516 Lancaster Drive Townhomes.

    There are a number of grocery stores within a short drive, including Metro and East Indian Supermarket.

    There are plenty of parks nearby to keep your family busy, including Sheridan Hill Park, Golden Meadow Trail and Forest Glade Walkway, which are less than 12 minutes away by foot.

    There are plenty of nearby school choices — Holy Family Catholic Elementary School and St. Marguerite d'Youville Catholic Elementary School — with more in neighbouring areas so you can find the best school for your child’s needs.

    Transportation

    Transit users will need to trek a bit to Uptown Core Terminal, the nearest light transit stop.

    If you’re interested in checking out other similar condos within walking distance, you might like 2004 Glenada Crescent, 1580-1608 Lancaster Drive and 1050 Grand Boulevard.

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    Explore Neighbourhood

    4/10
    Walkability
    You’ll occasionally stumble upon civilization. Keep an eye out for that elusive coffee shop!
    Unknown
    Transit
    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
    6,343
    Average Individual Income
    $66,222
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $108,926
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    17%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    20%
    50 - 64
    19%
    65+
    17%
    Household Income
    $0 - $30,000
    41%
    $30,000+
    28%
    $60,000+
    17%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    35%
    High Rise Apartment
    32%
    Semi Detached
    16%
    Low Rise Apartment
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    89%
    Other
    6%
    Punjabi
    3%
    Urdu
    1%
    Tagalog
    1%
    Education
    High School
    31%
    College
    24%
    University and Above
    23%
    None
    14%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Personal, Protective & Transportation Services
    7%
    Humanities
    5%
    Math & Computer Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    4%
    Physical Sciences
    3%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at 1516 Lancaster Drive Townhomes spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    7.1
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 9 condos in the Old East York area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    1516 Lancaster Drive Townhomes offers the
    ?
    best value out of 9 condos in the Old East York neighbourhood

    Appreciation Rank

    1516 Lancaster Drive Townhomes has the
    ?
    highest ROI out of 9 condos in the Old East York neighbourhood

    Rental Yield

    1516 Lancaster Drive Townhomes yields the
    ?
    highest rent prices out of 9 condos in the Old East York neighbourhood

    High Demand

    1516 Lancaster Drive Townhomes is the
    ?
    most popular building out of 9 condos in the Old East York neighbourhood

    Transaction Insights at 1514-1558 Lancaster Drive

    3 Bed3 Bed + Den
    Price Range$635,000 - $900,000$728,900
    Avg. Cost Per Sqft$678$615
    Avg. Wait for Unit Availability25 Days561 Days
    Ratio of Units in Building93%8%

    Unit Sales vs Inventory

    Total number of units listed and sold in Old East York