A look at the lakefront’s rising condos

April 28, 2012 East Toronto Real Estate, Investment Condos, New Toronto Condos & Lofts, Planning & Development, Toronto Condos, West Toronto Real Estate

Lisa Van de Ven – National Post

What should Torontonians expect the waterfront to look like in 20 years? Nothing less than an entirely “different skyscape,” says John Campbell, president and CEO of Waterfront Toronto.

The rapidly changing neighbourhood is an intriguing place to be for those living along the lakeshore. “It’s going to be very exciting and vibrant. You’ll have retail, office and residential [components],” Mr. Campbell says. What’s more, he says, all of it will be cohesive. [Though] done by different builders, it will be consistent. “We’re making sure there’s really great design.”

Previously undeveloped areas will become neighbourhoods in their own right, including the West Don Lands, where developer Urban Capital Property Group is kickstarting an entirely new residential area with its project River City. Approximately 1,000 units are planned. With construction for the Pan/Parapan American Athletes’ Village underway in the neighbourhood as well, there’s a lot of momentum already happening, says Jeff Geldart, Urban Capital’s development manager. “Once those areas get populated, it’s going to be quite hard to stop it,” he says. “I think it’s going to bring a huge amount of value to the east end of Toronto.”

In the west end, meanwhile, the waterfront changes bring additional value to the condominium projects currently underway. Sue Young, sales manager for Onni Group, says many buyers cite the waterfront changes as one of their reasons for wanting to live close to the lakeshore. Onni has three buildings underway — Garrison, Local and The Yards — at its Fort York master-planned community. “They see there’s a lot of potential here,” she says. “The waterfront is a major selling point for them.”

33 Bay
52 storeys; 634 units Builder Pinnacle International Location Bay and Harbour Suite Availability 93% sold. One-bedroom, one-bedroom-plus-den, two-bedroom, two-bedroom-plus-den and three-bedroom units from 618 to 1,792 sq. ft. and $329,900 to $1,469,900 Hot Tickets There is a 30,000-sq.-ft. amenity centre with a swimming pool, two gyms, racquetball, squash and tennis courts. Status Occupied and registered Occupancy Immediate

Garrison
12 storeys; 242 units Builder Onni Group Location Fort York and Bathurst Suite Availability 75% sold. One- and two-bedroom units from 446 to 975 sq. ft. and $207,900 to $474,900 Hot Tickets The building will have a rooftop terrace with a barbecue area and garden. Status Under construction Occupancy Fall 2012

Local
13 storeys; 239 units Builder Onni Group Location Fort York and Bathurst Suite Availability One- and two-bedroom suites and townhomes from 429 to 1,440 sq. ft. and $219,900 to $844,900 Hot Tickets The building will have a rooftop agricultural garden. Status Pre-registration Occupancy Summer 2014

Monde
40 storeys; 516 units Builder Great Gulf Location Queens Quay and Bonnycastle Suite Availability 40% sold. One-bedroom, one-bedroom-plus-den, two-bedroom, two-bedroom-plus-den, three-bedroom and three-bedroom-plus-den units from 483 to 1,331 sq. ft. and starting from the mid $300,000s Hot Tickets The building was designed by acclaimed architect Moshe Safdie, to LEED Gold standards. Status Actively selling Occupancy April 2016

Pier 27
Two buildings of 14 and 12 storeys; 714 units Builder Cityzen Development Group and Fernbrook Homes Location Queens Quay and Yonge Suite Availability Phase 1 is 91% sold; Phase 2 is 93% sold. One-bedroom, two-bedroom, two-bedroom-plus-den and three-bedroom-plus-den penthouses remain, from 675 to 4,036 sq. ft. and $460,000 to $5,448,600 Hot Tickets The buildings will be connected at the 12th floor by a cantilevered bridge. Status Under construction Occupancy October 2012

River City
Four phases, two of which have been released. Phase 1 is two buildings of six and 16 storeys; 349 units. Phase 2 is 12 storeys; 249 units. Builder Urban Capital Property Group Location King and River Suite Availability Studio, one-bedroom, one-bedroom-plus-study, one-bedroom-plus-den, two-bedroom, two-bedroom plus-den, penthouse and townhouse units from 400 to 2,000 sq. ft. and $239,900 to $1,150,000 Hot Tickets A three-storey bridge will connect the Phase 1 buildings. The Phase 2 building is designed to look like three mini-towers. Status Phase 1 is under construction; Phase 2 is actively selling. Occupancy January 2013 for Phase 1; May 2014 for Phase 2

The Yards
28 storeys; 412 units Builder Onni Group Location Fort York and Bathurst Suite Availability 80% sold. One- to three-bedroom units from 490 to 1,352 sq. ft. and $276,900 to $713,900 Hot Tickets
Features views of Fort York and the city skyline Status Under construction Occupancy June 2014

York Harbour Club
Two buildings of 17 and 15 storeys; 502 units Builder The Plaza Corporation Location Fort York and Grand Magazine Suite Availablility 98% sold. One- and two-bedroom units from 500 to 750 sq. ft. and $258,900 to $419,900 Hot Tickets Located across from June Caldwell Park Status Under construction Occupancy Spring 2014

—————————————————————————————————–
Contact the Jeffrey Team for more information – 416-388-1960

Laurin & Natalie Jeffrey are Toronto Realtors with Century 21 Regal Realty.
They did not write these articles, they just reproduce them here for people
who are interested in Toronto real estate. They do not work for any builders.
—————————————————————————————————–

Incoming search terms

Jeff Geldart Urban Capital Property Group

jeff geldart

sue young of onni realtor toronto

80 john street festival tower 12th floor

undeveloped properties toronto

onni group stop work order toronto