New Condos in Toronto

Travelling into the downtown core of Toronto- whether by walking, automobile or Toronto’s iconic streetcar system, one cannot help but notice the increasingly dense skyline, and almost without exception, that the new additions to Toronto real estate are new condos.


 

 

In the highly desirable core, a house simply isn’t an option, and a condominium unit, for many, is not a last resort or a stepping stone to a detached home, but a highly prized home and investment in and of itself.

 

The buildings themselves are numerous as they are impressive, and are located near great amenities that simply don’t exist in the inner or outer suburbs. No amount of pre-formed stucco-clad “power centres” with their familiar village square motif can re-create the vibrant atmosphere of downtown Toronto.

 

Take, for instance, Lanterra’s Murano and Burano towers. Located on Bay between Grosvenor and College streets, they stand at an imposing, but not daunting 35-45 and 50 stories respectively. Living here places you incredibly close to the financial district- a 15 minutewalk or an even shorter bus ride. Taking the nearby 506 College streetcar would allow you to reach Chinatown and Kensington Market in 10 minutes, and the heart of Little Italy in 15. Basic groceries can be purchased at Metro in College Park, or Loblaws’ new flagship Maple Leaf Gardens store at Church and Carlton.

Another highly impressive development is the Trump International Hotel and Tower, Toronto. Don’t be fooled by the awkward name. Nestled brashly between the Scotiabank and BMO towers, and with a spire defiantly topping the former, it is quite the sight to see. A combination hotel and condominium development, it combines the luxury its developer is noted for, along with an unequalled location right in the heart of Toronto’s financial district.

 

Another development that stands out- literally, owing to its massive 66 story height, is Westbank-Peterson Group’s Shangri La. A massive glass-clad tower, rising from Adelaide and University, this condo tower is impossible to miss. With a name invoking mystique, one would expect an impressive interior and exterior. One look proves the latter, and a quick look at the website shows that the interior is similarly impressive. Location is a focal point for this tower. A view of Toronto’s new opera house is touted by the developers, but the advantages don’t end there. Queen West is a mere few minutes’ walk north, and access to Osgoode and St. Andrew subway stations is an equally short walk in either direction. The club district is close enough to easily enjoy, but far away enough that you can still be able to sleep Thursday to Sunday.

 

These exciting new condos developments additions to the Toronto real estate fabric are just highlights that you’ll notice first entering the downtown core. There are a lot more throughout the district and one that may be just right for you!

 

 

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