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Why Live in The Newtonbrook Neighbourhood?

01 March, 2018

Newtonbrook is a large neighbourhood on the very northern edge of Toronto. Its core is at the intersection of Drewry and Yonge, which was roughly speaking the centre of the original village of the same name. The village of Newtonbrook is historically recognized as the birthplace of Lester B. Pearson.

Newtonbrook has thriving Chinese, Russian and Korean communities. Thousands of people between both sides of Newtonbrook list some form of Chinese, Russian, or Korean as their first language.

The city officially breaks this neighbourhood into two portions. East Newtonbrook is everything East of Yonge, and West Newtonbrook stretches from Yonge to Bathurst.

Accessibility

Newtonbrook’s location along the Yonge street corridor provides its residents with quick and easy access to stations on the Yonge-University-Spadina subway line. Regular bus service is available on Finch, Steeles, Bayview, Cummer and Drewry Avenues and on Bathurst and Dufferin Streets.

Bayview Avenue and Yonge, Bathurst and Dufferin Streets provide motorists with direct access to Highway 401 on-ramps, south of Sheppard Avenue. These major arterial roadways also usher commuters into the downtown core.

Transit

A lot can be managed on foot in Newtonbrook, but non-residential blocks are long, so biking is a popular option here. There are also several bus routes, including the 42 Cummer, 11 Bayview, 53/60 Steeles, 39 Finch East, and several routes going north and south on Bathurst.

Lifestyle 

Newtonbrook is definitely a family neighbourhood where people move to raise their children. It has a good schooling system to address their educational needs, low crime rate, and has the type of housing that is well suited to raising a family.

Newtonbrook contains over twenty neighbourhood parks and children’s playgrounds. Many of these parks offer tennis courts, baseball diamonds, sports fields, and fitness trails. The most popular is Cummer Park Fitness Centre and Esther Shiner stadium.

There is a high quality shopping centre in Newtonbrook. At the corner of Steeles and Yonge the Centrepoint Mall is home to both excellent restaurants and shopping. With a Bay location as the anchor point and a Pickle Barrel restaurant, the mall is a very popular hangout with the locals.

Resale value

There are enough large condo developments along the major corridors, especially on Yonge Street, that a significant portion of the population lives in large apartment and condo buildings. West of Yonge, a higher percentage of people live in detached homes, but on the East side, there are more families living in multi-unit homes.

Newtonbrook’s homes sell for slightly above the Toronto average, probably due to its proximity to the Yonge subway line and the excellent reputation of local schools. Retail and dining along the Yonge Street corridor also make this neighborhood a true favorite.

Rental income

Newtonbrook’s strategic location has translated into higher rents for most landlords who own properties in the area.

With vacancy rates being at record lows multiple offers on rental units is the norm here.

New Condo Project in Newtonbrook

M2M Condos North York is a new condo project by Aoyuan Property (Hong Kong-based Aoyuan Property Group a major developer in China) and is currently in preconstruction. The new development will be located at 5915 Yonge St, North York, ON, M2M 3T9. The Main Intersection are Yonge & Finch. The Project will have condo units, Towns and Retail.  The Project will have a  total of 6 towers and 1660 units. M2M Condos is part of the Newtonbrook Plaza Redevelopment.

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