The bustling midtown intersection of Yonge and Eglinton is a neighbourhood that’s located in the northern portion of Toronto. It’s a popular hub for young professionals and families. Although it’s not directly located in the heart of the city, if you take a walk along these streets, you just might think it is. There’s an unmistakable urban vibe that resonates as you take in all that this happening neighbourhood has to offer.
Here’s an overview to showcase the trendy neighbourhood of Yonge and Eglinton:
North Midtown Toronto centralizes around the intersection of Yonge and Eglinton, but it stretches eastward to Bayview Avenue, westward towards Avenue Road, North to Blythwood Road and south the Eglinton Avenue.
This intersection is the hub of the neighbourhood and it’s where to be if you’re looking to take in the sounds and vibe of the city streets. And of course, it’s right on the Yonge/University subway line, so you can hop on and get to anywhere in the city, fast.
This is a bustling neighbourhood, but it also blends the perfect balance of calm as you stroll on through some of the trendy neighbouring side streets. It’s a popular location for families since there is a variety of housing options available, as well as private and public schooling and recreational facilities. Together with the convenience of location, proximity to transit, schools, and green spaces, it’s really no surprise why so many families love it here.
Just because families flock here, doesn’t mean there isn’t a great source of entertainment for young professionals to indulge in and embrace. Young 20-something professionals flock to this midtown hotspot. It entails trendy restaurants and comedy bars, movie theatres, and designer outlets for those who love to shop. Yonge & Eglinton Centre has everything you need from a fitness club to clothing stores, and you dine around the globe.
Yonge and Eglinton is the place to be if you’re looking to experience the energy of what the city streets have to offer. And best of all, it has a variety of housing and apartment rentals for you to choose from to suit your particular taste and lifestyle.
So although this is a busy area, it is still a subtle version of what you would experience right in the core of downtown Toronto. As a result, it really offers just the right amount of action and city bustle without being overwhelming. If you’re in search of a neighbourhood that offers convenience, access to transportation and a great selection of rentals to choose from, it’s time you pay Yonge and Eglinton a visit!
Search Toronto apartment listings now!
Finding that perfect tenant can sometimes feel like finding a diamond in the rough. We all know someone with a horror story or two of a rental situation gone wrong. So needless to say, we’d rather avoid any situation that might resemble any those. Reducing that risk all comes down to a few important factors when placing up your rental ad, as well as during the screening process.
Use these five tips when creating your rental ad to help you steer clear of any nightmare potentials and land you that perfect tenant.
Use Good Quality Photos
When advertising your apartment, having good quality photos will influence the first impressions about your rental space. If the photos are poor quality and not very good, they can automatically deter potential tenants from applying. When you use good photos you can attract more interest, while setting a respectable and professional impression.
Be Accurate and Up Front
Being a good landlord means being professional, courteous, and also up front about any issues. When it comes to screening, it’s always best to be honest with potential tenants. If there isn’t parking, say so. If the nearest subway stop is 10 km away, don’t say it’s near transit. By being honest right from the get-go with your potential tenants, you won’t waste your time (or theirs) showing the apartment to people who aren’t a good fit. There is someone out there who bikes to work or works from home so transit is not an issue. Appeal to that person, don’t fudge the truth to appeal to someone else.
If these issues are fixable, take care of them before putting up the listing to attract the right tenant and maximize the rental value of the unit.
Use Professional Language
Always use a professional tone and language when creating the write-up for your advertisement. Avoid using any slang, or delving into any unnecessary details about your life, home, or situation. Anything that’s doesn’t involve direct details about the rental property – leave it out of the ad. In addition to using quality photos, using professional language will increase your chances of attracting professional and respectable tenants.
Many apartment hunters search by keywords, so if your apartment is buzzworthy, use the right vocabulary. Spotlight the great features of your rental, like washer/dryer in unit, spacious, 5-minute walk to U of T, updated kitchen, parking included, den etc.
Be Very Clear About Your Expectations
When you create your ad, be very clear about what you expect from a tenant. Whether it’s no smoking, no pets, or if you’re only looking for a single occupant, whatever it is, be clear about your requirements and expectations. Once again, don’t waste your time or theirs, and you’ll find the right tenant.
Treat it as a Business
Treat this as you would a business and always remember to maintain a professional attitude towards this role. If you treat your tenants with a level of professionalism and respect, the chances are much greater that they will treat your property with the same level of respect as well.
Need a little help searching for the right tenant? Just give Simplified Rentals a call. As a leading property management company in Toronto, we take care of everything so you can focus on the short- and long-term return of your real estate investment, not the day-to-day stresses.
When you’ve moved on to your third or fourth apartment, there are inevitable lessons that you’ve learned along the way – many of which you wish you could have known right from the start. And thanks to the Information Age, we can share some of that insight for others so they can prep themselves in ways we often never could.
So before you make that first big move into your new apartment, here are four tips to keep in mind.
Living at home, it’s easy to leave the lights on for hours, leave the TV turned on, or keep the water running extra long for a nice hot shower. When you live on your own and keep up the same habits, you might get a big shock when the utility bills come in. You don’t have to change your lifestyle completely, but be conscious about small energy saving and water conservation efforts that you can make. Turn the lights off when you leave the room, don’t let water run while brushing your teeth, and set the A/C or heater to run less during the day when you’re not home.
Unfortunately, you can’t choose who your neighbours will be. And in many cases, when moving into your very first apartment complex, you should expect to experience noise. If it gets to a point where it’s impeding on your life, politely approach them and have a conversation to ask them to lower the level. If all else fails, utilize the magic of white noise to help absorb some of that sound so you can at least get a good night’s sleep.
Try and Talk to Previous Tenants
This isn’t always possible, but if you have an opportunity to speak with any previous tenants, it can be a huge help for knowing what to expect. When you first move in, it can take a while to really understand and experience any little (or big) kinks that the apartment may have. So whether it’s getting an insider tip about how to open that closet door that gets jammed, or learning about the best neighbourhood pizza place, having a conversation with previous tenants can prepare you for potential situations that may arise.
Get to Know the Neighbourhood
To avoid simply falling into a routine that involves you going from your apartment, straight to work and then back, take the time and effort to embrace your new neighbourhood and explore what it has to offer. One of the best parts about moving into your own apartment for the first time is being able to embrace that new feeling of discovering what’s around you.
Moving into your first apartment can be one of the most exhilarating moments where you get to embrace life independently for the first time. So make sure it remains a positive experience by following these four tips first.
If you’ve ever experienced living in an apartment building or condo, chances are that you know just how important good relations with your neighbours can be. You want to be able to come home at the end of the day, put up your feet and relax without having to endure hours of raging parties or thumping music. And with the right strategies, you can develop good relations with your neighbours where you keep an eye out for each other, fetch mail when someone’s out of town, and lend each other spices when you run out.
No matter what your lifestyle may entail, being a good neighbour is important. It not only benefits your neighbours, but can put yourself in a good position should you ever end up in need of a lending hand or two. So whether you’ve just moved into your very first apartment, or are a veteran of Toronto apartment living, here’s how you can become a good (or better) neighbour.
Late Night Noise
Sure, it may be easy to develop an attitude that makes you feel like “It’s my home and I should be able to do as I please!” But you’ll soon realize how being considerate of others will get you so much further in life. Be respectful of the fact that there’s just a partition of drywall or concrete that cannot fully filter sound from the other side. Whether it’s a late night flick, or a rowdy game of D&D, keep the volume down.
Living with a dog can be the best roommate you’ve ever had. But all of that puppy love and barking can be like a form of incessant torture for your neighbours. Allowing your dog to run around late at night and bark is simply not fair to others around you. So if you have a furry loved one, be courteous about it and have them properly trained.
As much as we may take into consideration our neighbours beside us, it’s also important to consider those below us. Believe it or not, that ceiling (and your floor) often has very little to buffer out sound as well. So when you decide to re-arrange your furniture at four in the morning, just think about how much you would appreciate those banging footsteps and vibrations through your bedroom ceiling when trying to sleep.
Living in an apartment can be an amazing experience when you’re a good neighbour– you get to meet new people, and embrace the independence and convenience. But it’s important to be respectful and remind yourself that your actions matter to those around you.
For many people, the idea of renting out an apartment to tenants is a simple way to gain more income to fund retirement, education, or vacations. That said, being a hands-on landlord is not easy work. From the process of finding good tenants to maintaining the property, collecting rent, handling complaints, and ensuring that everything runs as smoothly and pain-free as possible, it’s almost a full-time job. If you’re thinking of becoming a landlord, or are new to the role, here are five tips to help you succeed:
Tip #1: Treat your Property as a Business
If you want your rental property to provide you with stable income, you must first treat it like an actual business. It may be your basement or a separate property, but once you place it up for rent, it becomes a business – your business.
And like any business, you wouldn’t just jump head first into it without having at least a solid foundation of knowledge on what’s required for both landlord and tenant. So before diving in, get to know the laws, requirements, rights and responsibilities for both parties. Read the Residential Tenancies Act, make sure your rental unit is legal, inform your insurance company that you have a rental unit, and so on. The more you know ahead of time, the more successful your business will be.
Tip #2: Screen Tenants Thoroughly
It can be a challenging feat to find great tenants that can be relied on to pay rent and are mature enough not to cause undue wear and tear on your property. In order to avoid dealing with those headaches and situations, it’s imperative to screen each potential tenant as thoroughly as possible. All prospective tenants should fill out rental application, which you can create yourself or find online. Follow up with previous landlords and ask the right questions, like “would you rent to this tenant again?” Verify employment, ask for income statements, and run a credit check. If you are concerned about smoking or pets, do your due diligence before signing a lease.
It can takes months, or even years to recover from one bad tenant, so it is absolutely imperative to employ a proper screening process.
Tip #3: Be Respectful of your Tenants
Just as you wish your property (and yourself) to be treated with respect, always ensure to treat your tenants with the same decency. That means handling any situations in regard to them or the property, such as broken appliances or a leaky faucet, promptly and professionally. It is your responsibility to establish your reputation as an honest, reliable landlord.
Tip #4: Don’t be Too Nice
Being respectful and kind is important, but so too is the need to draw a line when it comes to discrepancies and knowing when you need to put your foot down.
This falls back to the point of treating your property like a business. When you keep that mentality, you will be better equipped dealing with any situations that require a firm response.
Tip #5: Get Help
Being a landlord can be challenging, exhausting, and even overwhelming at times, depending on the situation and the scale of your rental property. Between the maintenance and repairs alone, sometimes you simply cannot do it all. That’s where a Toronto property management company can help. We step in to help you reap the benefits of being a landlord, without all the hassle that often goes along with it.
If you’re considering becoming a landlord but feel unsure about the work that’s involved, know that you can always ask for help and have a property management team handle all the work for you.
Queen West is renowned for being one of the most desirable areas within the city of Toronto. Many refer to it as the heartbeat of the city for both businesses and residents alike. With a bustling cool vibe, steps from the downtown core, and great access to transportation, it’s no wonder that Queen West has made a name for itself on the world stage, and continues to be one of the most sought-after neighbourhoods for businesses to set up shop.
Bustling Area with Lots of Pedestrian Traffic
Set amongst some of Toronto’s most historic structures, Queen West has become a thriving, shopping mecca. Also known as the Art and Design district in Toronto, this neighbourhood is home to trendy boutiques, vintage shops, designer stores, shoe stores and of course, craft and sewing supply stores. It is vibrant, creative, electric and an exciting artistic, fashion hotspot.
Located amidst downtown Toronto, at night you can stroll along to find lively patios and bars, trendy cafes and restaurants, and world-famous live-music venues such as the Rex, hosting some of the best live jazz in the world. It is a haven that comes alive no matter what day of the week it is with something for everyone to enjoy.
Vibrant Commercial Area
The area is home to over 400 businesses and continues to grow. The busy pedestrian traffic, combined with being a top spot for tourists to flock and explore, makes this neighbourhood one of the best for businesses. With increased development, it has become infused with of activity and investment.
Great Access to Transportation
With access directly to subway stations and streetcars, this area is easily accessible for pedestrians. And since it is located alongside the downtown core, it’s the perfect place for people to browse through on the way home from work or grab a bite to each at lunch.
Queen Street West is without a doubt, one of the most exciting areas of Toronto. It is the neighbourhood that everyone flocks to in order to enjoy the bustling city vibe, shop for some of the top designer items, dine at the trendiest spots and spend some of that hard earned money. With easy access to transportation and consistent flow of activity, it is a growing mecca for businesses to invest in and benefit from all the great features this area has to offer.
Looking to lease a commercial space in Toronto or retail space in Toronto? Contact Simplified Rentals to get the process started!
If you’re a fresh graduate seeking to find your first ever space away from your parents’ place or if you’re the breadwinner of a small family prepping to relocate, it’s time to think about what housing option is best for you. While it might seem like a smart idea to buy a house right off the get go, that’s not always the case. If you really want to make the most of your money you should consider renting. There are few cities in the world with a better, more varied rental market than Toronto.
Reduced Buying/Selling Expenses
In Ontario, when you buy a home you will have to pay the Provincial Land Transfer Tax (PLTT). And the City of Toronto charges an additional Municipal Land Transfer Tax (MLTT). First time homebuyers are eligible for a rebate for a maximum of $2,000 for the PLTT and $3,725 for MLTT, but that won’t necessarily be enough to cover you. The amount of the tax depends on the value of the property, but as an example, the combined land transfer tax you would have to pay for a $500,000 property is $12,200. So take the down payment for your home, add the land transfer taxes, lawyer fees, and the expenses add up quickly. And when you sell, you will have to pay closing costs as well, including real estate commissions (if applicable). As a renter, you only need to worry about first/last months’ rent. All of these extra funds can go toward buying furniture for your rental property or you can begin to save toward a down payment if home ownership is in your future plans.
Now that you’ve bought the house, everything in it is your responsibility. That includes anything that’s broken. How much would it cost to repair a broken furnace? How much to unclog gutters? That paint seems a little old and tired – what would it cost to have a repaint job? It won’t be apparent at first, but the costs associated with keeping your house in tip-top shape can be pretty heavy on the wallet, not to mention property taxes, which are more onerous when you live in a desirable neighbourhood. As a renter in Toronto, you get to enjoy all of the advantages of living in one of the world’s best cities without these ongoing drawbacks.
No Need for a Mortgage
Rental contracts often only require a couple months’ worth of a deposit and a one-year lease. It is easy to be a rental tenant with no extra financial burden. When you buy a home, however, it’s almost always necessary that you take out a mortgage. Locking yourself into a mortgage restricts your financial flexibility, especially if you choose to buy a home at the top end of your budget.
Are you interested in renting a home, apartment, or condo in Toronto? You can view current listings and search by location, property type, number of bedrooms/bathrooms, and square footage.