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    2460 Eglinton Avenue E & 2472 Eglinton Avenue E

    Rainbow Village I Condos
    1for Sale
    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    18
    Number of Units:
    334
    Condo Completion:
    1990
    Condo Demand:
    Medium
    Unit Size Range:
    476 - 1,755 SQFT
    Unit Availability:
    Medium

    Listing History for Rainbow Village I Condos

    Receive listing updates for Eglinton East

    Amenities

    Party Room
    Security System
    Visitor Parking
    Gym Room
    Sauna
    Squash Court

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 2460 Eglinton Avenue ERainbow Village I Condos

    Rainbow Village I Condos was completed in 1990 by Hanson Construction Inc. While some buyers associate high maintenance fees with older buildings, maintenance fees at 2472 Eglinton Ave E and 2460 Eglinton Ave E are only $0.49 per-square-foot. These Eglinton East condos for sale offer floor plans that are more spacious than most modern condos. There are 334 suites in this 18-storey residence, and units range from 476 square feet to 1755 square feet.

    This condo has a high demand ranking per Strata.ca analytics and a Walk Score of 79. Maintenance fees at 2472 Eglinton Ave E, 2460 Eglinton Ave E are only $0.49, which is quite a bit lower than the city average of about $0.67 per-square-foot.

    The Suites

    The average cost per-square-foot for units at Rainbow Village I Condos is $634, based on the past 12 months of sales, and units tend to sell within 12 days of being listed. 15 units have been rented in the previous 12 months, and 13 units have been sold. Suites often sell for 7.40 % above the listing price and have a medium chance of receiving multiple offers.

    The Neighbourhood

    Living here means you’re just a 5-minute walk from Thai Restaurant, Coco's Place and Caribbean Ocean Restaurant, making it easy to satisfy your taste buds without much effort. In the mornings, become a regular at Tim Hortons, a quick 2-minute walk from 2460 Eglinton Avenue East.

    Grocery shopping can feel like a chore — but not when Yal Market, Rob's No Frills and Yasmeen Halal are just an easy 11-minute walk away.

    There are a number of banks within a short drive, including Scotiabank and CIBC Branch with ATM for all your investment needs.

    Getting some fresh air is a breeze when you live at at this condominium because excellent green spaces like Scarborough Hydro Green Space and Treverton Park are walkable in under 12 minutes.

    Need to do some shopping? Living in the Eglinton East neighbourhood means you can easily walk over to Midland and Eglinton Plaza, Kenway Plaza and Kennedy Park Plaza.

    Rainbow Village I Condos is a short drive away from Lord Roberts Junior Public School, Glen Ravine Junior Public School and Walter Perry Junior Public School, giving you plenty of choice for your child’s education. Have a teenager who’s worried about making friends? A quick transit ride is all it’ll take to easily meet up with classmates from St. Joan of Arc Catholic Academy, Scarborough Centre for Alternative Studies and Midland Avenue Collegiate Institute.

    Those who live at 2460 Eglinton Avenue East are a quick 5-minute drive from some of the best medical care in the city at TrueNorth Medical Centre, Eglinton Oswego Medical Centre and Neighbour Care Medical Clinic & Pharmacy.

    Transportation

    Transit riders can catch the subway or buses at Kennedy Station within minutes. Those in the area are less than a 5-minute walk to Kennedy, making it easy to reach other parts of the city.

    If you’re interested in checking out other similar condos within walking distance, you might like 2466 Eglinton Ave E, 915 Midland Ave and 825 Kennedy Rd.

    Reviews for Rainbow Village I Condos

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    Explore Eglinton East

    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
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    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 I Condos vs The Eglinton East Area

    Days on Strata

    Units at Rainbow Village I Condos spend an average of
    38
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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
    9.5
    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 17 condos in the Eglinton East area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    11
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 2460 Eglinton Avenue E

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$404,000 - $410,000$464,000 - $475,000No Data$580,000 - $625,000No Data$665,000
    Avg. Cost Per Sqft$798$651No Data$577No Data$408
    Avg. Wait for Unit Availability295 Days214 DaysNo Data54 Days515 Days375 Days
    Ratio of Units in Building7%16%5%57%10%9%

    Unit Sales vs Inventory

    Total number of units listed and sold in Eglinton East