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    40-50 Old Mill Road

    The Riverstone Condos
    0for Sale
    0for Rent

    Building Details

    Property Type:
    Townhouse
    Number of Storeys:
    5
    Number of Units:
    18
    Condo Completion:
    1983
    Condo Demand:
    Low
    Unit Size Range:
    1,200 - 3,285 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for The Riverstone Condos

    Receive listing updates for The Kingsway

    Amenities

    Party Room
    Security System
    Visitor Parking
    Bike Storage
    Car Wash
    BBQs Allowed

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 40-50 Old Mill RoadThe Riverstone Condos

    The Riverstone Condos stands 5 storeys tall at 40-50 Old Mill Road and contains 18 units. This Toronto condo was completed in 1983 by Herbertz Haeuser Limited. Suite sizes range from 1200 square feet to 3285 square feet.

    The Suites

    Here are some stats that would interest renters or buyers at 40-50 Old Mill Road: 2 units have been sold in the past 12 months, and 0 unit has been rented over the same period.

    In terms of price per-square-foot, the average cost is $872 and units tend to sell for -5.22% below the list price. Units at 40-50 Old Mill Road have a low probability of receiving more than one offer. On average, a suite will spend 78 days on the market.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Old Mill Toronto Restaurant, Campo and Goodfellas Wood Oven Pizza are all within 16 minutes walking distance from 40-50 Old Mill Road. If you enjoy grabbing coffee locally, then you’ll love the fact that you can walk less than 17 minutes to get to The Coffee Bouquets, Little Havana Cafe y Bodega and Golden Gecko Coffee.

    There are a number of grocery stores within a short drive, including FreshCo.

    Planning for your future is easy with TD Canada Trust and Scotiabank in the area.

    Everyone can benefit from sunshine and Vitamin D, so you’ll love to know that Old Mill Parkette, King's Mill Park North and Kingsway Gate Parkette are less than 9 minutes walking distance from 40-50 Old Mill Road.

    Like to shop? Everything you need is close by when you live at 40-50 Old Mill Road, including Canada Pasabuy, The Shoppes at Stonegate and Dundas & Runnymede Shopping Plaza which are only 5 away.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Art Works Art School, Niki Kavakonis Designs and Roach Tackle Folk Art less than a 2-minute drive away will give you a lift. Kingsway Theatre is just a short drive away for movie nights.

    There are plenty of nearby school choices — Lambton-Kingsway Junior Middle School, Sunnylea Junior School and Park Lawn Junior Middle School — with more in neighbouring areas so you can find the best school for your child’s needs.

    Transportation

    If you commute by public transit then the The Kingsway neighbourhood is a great choice, as you’ll find the Old Mill Station light transit stop makes it easy to get around. Residents have access to the subway stop at Old Mill, which is only 0 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 30 Old Mill Road, 10 Old Mill Tr and 71 Old Mill Road.

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    Explore The Kingsway

    5/10
    Walkability
    Halfway to a walker's paradise, you might want to invest in a hoverboard.
    7/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    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
    7,454
    Average Individual Income
    $59,747
    Average Household Size
    0 persons
    Average Age
    49
    Average Household Income
    $99,539
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    27%
    35 - 49
    19%
    50 - 64
    20%
    65+
    16%
    Household Income
    $0 - $30,000
    52%
    $30,000+
    24%
    $60,000+
    12%
    $90,000+
    6%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    48%
    Detached
    27%
    Low Rise Apartment
    10%
    Semi Detached
    10%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    11%
    Cantonese
    8%
    Tagalog
    3%
    Arabic
    1%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    36%
    High School
    27%
    College
    15%
    None
    15%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    4%
    Physical Sciences
    4%
    Personal, Protective & Transportation Services
    3%
    Education
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    The Riverstone Condos vs The Kingsway Area

    Days on Strata

    Units at The Riverstone Condos spend an average of
    78
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in The Kingsway

    Turnover of Units

    On average, each unit is owned for
    8.1
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 13 condos in The Kingsway area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    The Riverstone Condos offers the
    ?
    best value out of 13 condos in neighbourhood

    Appreciation Rank

    The Riverstone Condos has the
    ?
    highest ROI out of 13 condos in neighbourhood

    Rental Yield

    The Riverstone Condos yields the
    ?
    highest rent prices out of 13 condos in neighbourhood

    High Demand

    The Riverstone Condos is the
    ?
    most popular building out of 13 condos in neighbourhood

    Transaction Insights at 40-50 Old Mill Road

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$1,325,000 - $1,350,000No DataNo Data
    Avg. Cost Per SqftNo DataNo Data$917No DataNo Data
    Avg. Wait for Unit AvailabilityNo DataNo Data328 DaysNo DataNo Data
    Ratio of Units in Building1%1%13%1%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in Kingsway