About Opera Place Ⅰ
Opera Place I is a 16-storey high-rise condominium with 161 units in the Church-Yonge Corridor, developed by East of Bay Development Corporation. Located in one of downtown Toronto's most walkable neighbourhoods, the building offers a central address with direct access to Yonge Street's shops, restaurants, and cultural venues. With an average unit size around 700 sq ft and rental inventory starting at $2,895 per month, this is a building that draws both owner-occupants and investors seeking prime downtown proximity.
The Church-Yonge Corridor places you steps from Dundas Square, the Eaton Centre, and Toronto's theatre district. Yonge-Dundas and College subway stations are nearby, offering quick connections across the city. This neighbourhood suits young professionals, students, and anyone wanting car-free downtown living with constant foot traffic, galleries, music venues, and casual dining at their door.
Frequently asked questions
What type of building is Opera Place I?
Opera Place I is a 16-storey high-rise residential condominium containing 161 units. Developed by East of Bay Development Corporation, it represents the kind of mid-rise density that defines the Church-Yonge Corridor. The building was designed to fit into a neighbourhood where mixed-use development and pedestrian activity are central to the character. High-rise buildings in this area typically include a range of one-, two-, and three-bedroom floorplans, with an average unit size of approximately 700 square feet. As a condominium, units are individually owned, and the building is governed by a condo board that oversees common property, maintenance reserves, and shared amenities. The scale of 161 units is typical for this neighbourhood, where buildings balance density with street-level activation.
What's the neighbourhood like, and how accessible is it?
Opera Place I sits in the Church-Yonge Corridor, one of downtown Toronto's most connected and animated neighbourhoods. Yonge Street directly serves the building with endless retail, food, and entertainment options, while Dundas Square is steps away, hosting seasonal events and public gatherings. Two subway stations are within short walking distance: Yonge-Dundas and College, both on the Line 1 (Yellow Line), providing rapid transit access to the rest of the city. The area is highly walkable, with parks like Scadding Court nearby and cultural institutions including theatres and galleries throughout the district. This location is ideal for people who want car-free living and daily access to urban amenities. The neighbourhood is busy year-round, with particular energy around shopping, dining, and nightlife.
What should I know as a buyer or renter considering this building?
If you're looking to buy or rent at Opera Place I, understand that units in the 700 sq ft range typically offer one to three bedrooms depending on layout and finishes. As a rental prospect, current availability suggests competitive monthly rents in the $2,895 range for available units, though this varies by size and amenity package. As a buyer, investigate the condo board's financial health, reserve fund status, and maintenance fee schedule, which are important factors in downtown high-rises. Ask about pet policies, parking arrangements, and whether units include amenities like fitness facilities, concierge services, or rooftop access, common in buildings of this scale. The Church-Yonge location means you're paying for walkability and transit proximity, so assess whether you'll use that advantage. Visit during different times of day to experience neighbourhood noise and activity levels, which are considerable in this downtown corridor.