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    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    33
    Number of Units:
    433
    Condo Completion:
    1990
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 1,712 SQFT
    Unit Availability:
    Low

    Listing History for Minto Plaza

    Receive listing updates for Bay Street Corridor

    Amenities

    Indoor Pool
    Gym Room
    Sauna
    Games Room
    Party Room
    Rec Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 38 Elm StreetMinto Plaza

    Looking for an affordable building in the Bay Street Corridor? Well, if you haven’t heard of Minto Plaza, then you haven’t been looking that hard; located at 38 Elm St, this 33-storey building has been a desirable choice for students and professionals since its completion in 1990.

    People often assume that older buildings are short on amenities, but that’s not the case with Minto Plaza, as it offers a wide array of enticing extras: gym, indoor pool, whirlpool, conference room, party rooms, games room, media room, 24 hour security and concierge, parking garage, and more.

    With its convenient location near Ryerson and the University of Toronto, this building is an ideal choice for students and faculty — affordable prices and close proximity to the Financial District, makes Bay St condos for sale in this building a great choice for first-time home buyers and professionals.

    The Suites

    Minto Plaza is home to 433 units; condos in this building have great value and are on the lower end of price per square foot in downtown Toronto.

    Suites at 38 Elm Street range from 608 square feet for a studio, to 1010 for a 2 bedroom + den condo; many units have been upgraded so finishes may vary, but expect spacious layouts, large windows, hardwood floors, and updated kitchens.

    Some units in this building have private balconies, but for those that don’t, there’s a shared rooftop patio with stunning city views. Of course, you probably won’t want to spend that much time at your building, because with a neighbourhood like the Bay Street Corridor, you’re surrounded by exciting attractions.

    The Neighbourhood

    To be fair, this building is technically located in the City Centre neighbourhood but it's mere steps from the Bay Street Corridor, so residents have their pick of which neighbourhood to enjoy. The Bay Street Corridor is among the busiest neighbourhoods in Toronto — ideal for people who live a busy life, and want great entertainment, dining, and shopping options just outside their front door. With convenient TTC service and Queen’s Park just around the corner, this area has everything you could want in an urban community.

    Elm Street is home to upscale restaurants like Barberian's Steak House, The Elm Tree Restaurant, and Adega — with a Cineplex just around the corner at Yonge-Dundas Square, dinner and a movie doesn’t get any easier than this. Plus, there’s many quaint pubs on the way home to enjoy a drink afterwards, and Yonge Street and its vibrant nightlife is at your fingertips.

    Concert Goers can see the latest up and comers at Massey Hall, and the Phoenix Concert Theatre, or jump on a streetcar for huge acts at the Scotiabank Arena. Culture lovers and history buffs can stroll to the ROM or take in art galleries in Yorkville. And on sunny afternoons, residents can grab a coffee at Fresh Start Coffee Company and walk through scenic Queen’s Park.

    Shopping enthusiast are mere minutes from the Eaton Centre, there you’ll find over 200 hundred stores for the latest in Fashion and technology. Those who desire a more upscale experience can head north to Bloor, and enjoy Prada, Coach, Louis Vuitton, Brooks Brothers, and many more.

    Transportation

    Minto Plaza boasts a highly coveted 100 Walk Score — the holy grail of urban living. With a condo in this building you can easily run all of your errands without the need of a vehicle or public transit. For groceries and essentials purchases, there’s H Mart Dundas and Shoppers Drug Mart on Yonge, and The Kitchen Table on Edward — all within walking distance.

    38 Elm Street is perfect for residents who rely on subway service to commute to work; after a long day at the office you can step off the subway at Dundas Station and you’re less a five minute walk from home. Along the way you’ll come across an assortment of dining options for quick pick-ups like Five Guys, Panera Bread and Basil Box, to sit down restaurants such as Chipotle Mexican Grill and Buffet Palace.

    For travel throughout the city — there’s northbound and southbound bus service on Bay, eastbound and westbound streetcars on Dundas, and Dundas Station can connect you to Union Station for Go Transit to anywhere in the Golden Horseshoe.

    Drivers have a parking garage to store their vehicles when not in use, and a good central location for quick access to the Don Valley Parkway and Gardiner Expressway; for the Don Valley parkway head East on Dundas Street for the closest on-ramp, and south on Bay to Lakeshore Boulevard for the Gardiner Expressway.

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    Explore Bay Street Corridor

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar condos

    Demographics

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

    Population
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Minto Plaza vs The Bay Street Corridor Area

    Days on Strata

    Units at Minto Plaza spend an average of
    21
    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 Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    12.9
    YEARS before being sold again

    Property Value

    -15%
    Decrease in property value within the past twelve months

    Price Ranking

    29th
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    46
    Units were Rented over the past twelve months

    Best Value Rank

    Minto Plaza offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    Minto Plaza has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    Minto Plaza yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    Minto Plaza is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 38 Elm Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$475,000 - $625,000No Data$722,990No DataNo Data
    Avg. Cost Per SqftNo Data$835No Data$743No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data19 DaysNo Data190 DaysNo DataNo Data
    Ratio of Units in Building2%85%1%14%1%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Bay Street Corridor