It’s an Ideal Time to
Invest in Prebuild Waterfront Condos
Toronto’s waterfront is on the move – upwards. Prebuild
waterfront condo sales are now underway for new developments along the busy
eastern stretch of the downtown harbour area, with iconic buildings
transforming the skyline.
The city’s waterfront offers just about everything for the
investor, as it continues to transform itself into a work-play-live
destination. The recreational attributes of the area are many: running and
biking trails, parks, boating and easy ferry access to Toronto Island. In
addition Toronto’s waterfront is within a quick stroll of the city’s central
financial hub. And, when it comes time to play, there are a host of activities
on both the waterfront and in the adjacent entertainment district. The major
professional sports teams play out their seasons in venues along the waterfront
as well. Public transit is at the
doorstep.
All this, in Canada’s biggest city and most dynamic real
estate market. The Toronto Real Estate Board(TREB) continues to tout the housing market, with conditions for investing in
prebuild waterfront condos – either as rentals and homes – as strong as ever.
New Condos Rising on
the East Bayfront
After years of public discussion and careful planning, a
neighbourhood is rising in what is called the East Bayfront neighbourhood. This
portion of the waterfront, stretching east from Yonge Street towards the Don
Valley, was mostly low-rise commercial and industrial until recently. Offices,
a campus of George Brown College and parks like Sherbourne Common and Sugar
Beach are now lining the waterfront and jogging/biking trails.
One condominium development – Lakeside Residences – is a
master-planned community of seven towers, with ground floor retail and green
spaces. The first three towers are located at the foot of Sherbourne Street,
bordering on Lakeshore Boulevard East. In addition to its proximity to downtown
Toronto and the harbour, the project is outstanding for the amenities planned,
which include:
- A Janet Rosenberg + Studio-designed landscaped pedestrian zone, including a free-form space frame by Hariri Pontarini, and a galleria connecting the area to Sherbourne Street.
- The recreational opportunities at the project’s doorstep, and in particular the harbour-spanning Martin Goodman Trail. There is space planned for 1700 bicycles!
- St Lawrence Market is an 8 minute walk, and the financial and the entertainment district is just 15 minutes by foot. The Toronto islands ferries are even closer.
PreBuild Condos
Proliferate on Toronto’s East Side
It is not just the east end of the waterfront that is being
transformed. In recent years the area just east of the financial district,
spreading over to the Don Valley, has seen changes. The Distillery District and
Corktown are two new hubs, along with the Regent Park transformation.
A mix of housing – rentals and
condos – has reinvigorated the site of the old 96 acres Regent Park housing
complex. Integral to the plan are a host of local amenities that emphasise
recreation, education, cultural and entertainment needs. A new aquatic centre
has been built. A condominium rising at the corner of Dundas and Sumach is one
example. Like the prebuild waterfront condominiums, the DueEast will combine beauty with functionality, with 24 hour concierge services,
a host of amenities, and a high walking score.
Sushma Khinvasara is an award winning real estate agent with the expertise
necessary to help buyers and sellers of all levels successfully navigate the
fast-paced market in the GTA. She has consistently been recognized as a top
performer for her brokerage, as well as Century 21 Canada, with a wealth of
expertise in the following areas:
- First time home buyers
- New residential properties
- Property leasing
- Investment properties
Contact Sushma Khinvasara today to discuss all of the
benefits of purchasing a Waterfront condo as a living space or as an investment
property. Discover everything this exciting area has to offer and find the unit
that is perfect for your specific needs.