Toronto Condo Development Spot Light - What To Watch For In 2019/2020

Posted by Paul Ambler on Wednesday, July 31st, 2019 at 2:29pm.

Toronto currently has the most active cranes in North America. 120 More than the next 4 cities combined! This makes it incredibly difficult to keep up with the new condo & housing developments that fit your personal criteria. Which ones are best for investment or rental income? Personal use or downsizing. It can be overwhelming! 25 years ago, condo buyers were singles in their 30s which is the smallest demographic of people buying today!  Here are some important developments slated for price release in 2019/2020. 

THE WELL - 444 Front St - Downtown Toronto

Built by Tridel, with the first phase selling now, The Well is going to be one of the largest mixed-use community in Toronto, with retail, commercial, office, condominium and rental components. This master plan community will contain the most advanced technology initiatives, green initiatives, with over 7.8 acres in the core of downtown Toronto. The community starts from Front & Spadina Avenue, and will reach all the way to Wellington. It will be in this micro downtown community where you will find numerous new shopping & office venues we well as supermarkets, boutiques and coffee spots. Its essentially a complete re-development of the Front St, Wellington, Spadina block. 

The idea behind this development will be to create shops, offices and residences that flow together. The Well's design reflects Toronto's modern urban lifestyle & diversity. The green spaces and public parks and gardens designed around the community are an extension of the King West iconic living space. Upon completion, the Well will form a vibrant community that will support a variety of start-ups and large or small enterprises to build new work spaces, where residents can experience the vibrant downtown boutique life at their doorstep, while enjoying the convenience of working in one of Toronto’s newest major employment centres. The Well is creating over a million square feet of residential space that offers residents a rich city life experience. There will be homes to accommodate everyone’s lifestyle from single to retired to growing families.

Why This Development Is Important?

  • Eat, shop, work and live – all in one master planned community
  • 7.8 acres in downtown Toronto: Front, Spadina, Wellington 1,500,000 sq ft of residential space & over 1,000,000 sq ft of office space
  • Six different residential buildings, from boutique low rise residences to high rise condominiums. 
  • 4 north-south pathways between Wellington Street and Front Street
  • Located in the heart of Toronto Entertainment District - Spadina and Front - Great Investment for long term hold and rental income property. 
  •  Est. Occupancy of the first phase Summer 2022. 
  • Contact paul@remaxprofessionals.ca for further details. 

 

Galleria On The Park - Dupont & Dufferin - West Toronto 

New developments are proposed all the time in Toronto, but few set out to revitalize an entire neighbourhood. This project set to breath new life into the Dupont and Dufferin area and the derelict and underused galleria mall. 

Galleria On The Park is a master-planned community by Elad Canada and Freed Developments.  Galleria will fuse urban living with a rarely seen massive park, public spaces, lifestyle experiences, exceptional retail and innovative office space. This new condominium development will overlook an extended and reconfigured Wallace Emerson park. Expansion plans include doubling the size of the community centre to 95,000 sq. ft., making it one of the largest in the city and expanding the park to nearly 8 acres. 

The first phase will see the western half of Galleria Mall demolished for two residential towers. A Master plan rendering by Toronto's Hariri Pontarini Architects, shows a total of 3,400 new dwelling units planned across eight mixed-use towers, along with plenty of retail space and a brand new Wallace Emerson Community Centre. The community centre, designed by Perkins + Will, will house a pool, a gymnasium, a fitness centre, indoor running tracks, a childcare centre, and multi-purpose activity and community rooms spread across three floors. A HUGE new park running along the southern portion of the Galleria Mall site will give visitors and residents access to everything, from an outdoor winter skating trail to a multi-purpose sports field. 

 

Why This Development is Important? 

  • The mixed-use development proposal included 7 blocks with 3,416 residential units, 150 affordable housing units, 320,000 sq.ft. retail area, 68,000 sq.ft. office space, 25% dedicated park land, a re-designed 51,000 sq.ft. community centre and parking space for over 3,500 bicycles.
  • Great Investment/Income property opportunities.
  • Great changing and re emerging neighbourhood with close proximity to queen west.
  • Amenity rich neighbourhood defined by parks, shops, community centres, restaurants, entertainment, jobs and transit – all within walking distance. This is not just another condo project, this is a fully integrated community redevelopment that has been carefully planned to ensure it meets with the Cities and residents expectations long term.
  • Pricing expected to be released September 2019 with Occupancy TBA.
  • Contact paul@remaxprofessionals.ca for further details. 

 

River & Fifth Condos - 5 Defries Street - East Toronto

River & Fifth Condos is located near Queen Street East, an area of the city that is lined up with chic restaurants, bars, and boutiques. Residents of River & Fifth Condos will be close to Toronto’s Historic Distillery District and St. Lawrence Market as well as everything else Toronto’s Corktown neighbourhood has to offer. This project is being developed by Broccolini and will include 560 units within a striking 37 storey design. River & Fifth will have some awesome views of the city’s waterfront and skyline. Residents will be in the first phase of the transformation of this area as the city gets set to revitalize the Don Lands into a sustainable residential and commercial space featuring new schools, daycares and community centre. 

 Why This Development Is Important?  

  • This area of the city has been designated as a ’regeneration’ area, as the neighbourhood is set for more residential, commercial and retail growth. River & Fifth Condos has prime access to the Don Valley Parkway and 24 Hour bus routes, making travelling around the City of Toronto fairly easy. This will also be in the vicinity of the new "East Harbour" office space development that will make living close-by very attractive as well as its proximity to River City, Regent Park, Canary District and East Bayfront) in East Downtown Toronto. 
  • Direct access to the Bayview Extension, which will allow you to access the Don Valley Parkway (DVP), the Gardiner Expressway, and Highway 401. 
  • Great investment and income opportunity. Increasing rents in the area and future employment development will attract higher income residents to the neighbourhood.  
  • Est. Occupancy May 2023.
  • Contact paul@remaxprofessionals.ca for further details. 

 

Nottinghill - 4000 Eglinton Ave W, Etobicoke

Located on the site of the former Plant World on Eglinton, Notting Hill will consist of two residential, two-towered podiums at 25 storeys each. One building with 567 units and the second with 500, give or take. There are a mix of one-, two- and three-bedroom suites. The developer, Lanterrna, hopes to re-vitalize the community by incorporating purposeful ground level retail where people will want to live and linger. With six acres zoned for project, Lanterrna will incorporate park land, residential and retail space that attracts people from all over the community. 

This area is expected to benefit from the proposed location for the western extension of the Eglinton LRT. In the next few years it could be potentially open from Mount Dennis to the east of the Nottinghill development, all the way to the eastern edge of North York, Leslie and eventually to Pearson Airport.

Why This Development Is Important? 

  • Etobicoke is an established neighbourhood that has many re-emerging communities within itself. This area stand to benefit from this development. 
  • New Transit plan will connect this development to the TTC subway and airport route. 
  • Close proximity to Pearson Airport as well as the 427,401 & QEW will make this an attractive place to live. 
  • Great income opportunity as rental rates in the area have seen an increase in well managed/maintained buildings.
  • Prices are expected to range from the high $300,000s to the mid-$800,000s'
  • Contact paul@remaxprofessionals.ca for more details. 

 

11 Yorkville Ave - Mid-Town Toronto 

11 Yorkville Condos (CRU) is a new 62 Storey condo development by Metropia Urban Design and Riocan Capital Developments and Riocan Investment Trust . This new Condo building will be located in Yorkville, one of downtown Toronto's most desirable and prestigious neighbourhoods. 11 Yorkville Condos will be near to arguably some of Toronto's best eateries, fine restaurants, boutiques, transit and entertainment. There are also many schools and parks nearby including University of Toronto . 11 YV Yorkville Condos will be focused on modern lifestyles and likely luxurious living. Situated in an upscale neighbourhood, the condo tower will be mixed-use. Though the developer is yet to release details about the project, based on the location in the posh neighbourhood in which the condo is located, it is expected to have high-end contemporary amenities while mixing in retail that blends with the neighbourhood. 

Why This Development Is Important?

  • Location, Location, Location! Situated  right in  the prestigious Yorkville neighbourhood it will be a two minute walk to Yonge and Bloor, two of Toronto's main subway lines; The  North / South and East /West lines.
  • Upscale local amenities. Residents will also be surrounded by the Mid-Town luxury lifestyle right along the "Mink-Mile" of Toronto so if you like to shop at Hermes, Tiffany and Co, Louis Vuitton, Gucci, Prada and Chanel and dine at some of Toronto's finest restaurants like Sotto Sotto or Buca than this will most certainly be on your radar in 2019-2020.
  • The walk score for this area is essentially 100 so owning a vehicle to get around will be completely optional! Totally! Rental income opportunity in the luxury condo market it growing so expect this development to be attractive to both renters and investors based in large part to its central location and walkable lifestyle. 
  • Launching Fall of 2019 with a tentative occupancy in 2022.  
  • Contact paul@remaxprofessionals.ca for more details. 

 

EMPIRE MAVEN - 1700 Avenue Rd - Mid Town Toronto 

Developed by Empire Communities and located at 1700 Avenue Rd. This 7 Storey boutique residence will be a great opportunity for people who want to downsize but stay in the Avenue and Lawrence area or simply invest in a condominium that offers a wide range of luxury amenities. Rising seven stories tall on one of Toronto’s most coveted streets, Empire Maven will be a boutique residence with a classic façade that proudly honours and elevates the local streetscape. Pricing is now available. 

Why This Development Is Important?

  • Location, Location! Avenue Road & Lawrence has long been coveted as a neighbourhood of particular intimacy, where community pride is strong and residents feel like they belong. Favoured by those who have called it home for most of their lives, this desirable Toronto community balances the needs and demands of urban dwellers with those of an equally sophisticated yet comfortable local community. 
  • Ameneties - Landscaped rooftop patio with gardens, BBQ and dining areas. Complete fitness centre & indoor entertaining areas as well as hotel like services and room for guests. The area itself has many Restaurants, Pubs, Theatres, Cafe's & Parks. 
  •  Bespoke interior, thoughtfully designed by Rafael + Bigauskas Architects Inc. and U31 to make the most of condo living. 
  • TTC offers regional bus service right outside the front door of Empire Maven Condos. There are also 24-hr and express service routes within walking distance. Residents looking to commute into downtown Toronto can take advantage of the close proximity to the Yonge-University subway line and can access Union Station in under 40 minutes. Highway 401 and Allen Road are just minutes from Empire Maven Condos, motorists can travel easily throughout Toronto and the GTA or commute into downtown in under 25 minutes. 
  • Est. Occupancy 2021.
  • Contact paul@remaxprofessionals.ca for more details. 

If you have questions about any of these projects or other upcoming projects and would like to be notified about pricing and floor-plans or neighbourhood details, please don't hesitate to let me know and I can forward details and updates as they become available.  

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