Tag Archives: RioCan

#Inside the GTA

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#Inside the GTA

Queen & Ashbridge is the name of a new redevelopment coming to the Queen and Coxwell area of east Toronto. A joint development between Riocan Living and Context, the project has an A-plus location straddling the heighbourhoods of Leslieville and The Beach. The plan includes a 17-storey condo, a 17 storey rental residence and more than 16,000 sq. ft. of retail. qacondos.com

Hot tips for investors

Over the last few months, the pandemic has given way to record-low mortgage rates, making real estate investment more attractive despite economic uncertainty. Cara Hirsch, a veteran real estate investor and leading industry expert behind Hirsch + Associates, believes now is a great time to buy.

Here are her top five tips and tricks for potential purchasers:

Did you know?

Canada’s largest design exposition and conference, IDS Toronto (IDS21), will move its annual event to May 13 to 16, 2021 at the Metro Toronto Convention Centre.

New TCDSB school coming to Etobicoke

Cutting-edge classrooms are part of the plan for a brand new Toronto Catholic District School Board elementary school in Etobicoke.

The school will be located on the former Toronto District School Board site of the old Buttonwood Hill school at 100 Allanhurst Dr., in the Royal York Road and Eglinton Avenue area. The Ontario government says it is contributing $15.9 million to the project, creating 88 more childcare spaces in Etobicoke. The new school will accommodate 600 students and is part of the province’s commitment to invest $12 billion over 10 years in new and existing schools, more than $500 million this year alone.

1414 Bayview

The sales gallery for Gairloch Developments’ new 1414 Bayview condominium is now open at 1416 Bayview Ave.

This eight-storey, midrise project features only 44 suites in total, with a mix of one-, two- and three-bedroom designs.

Located just north of Merton Street on the west side of Bayview Avenue and within walking distance to Bennington Heights and Moore Park, 1414 Bayview sales will be managed by local real estate team The Heaps Estrin Team. Prices start from $650,000.

1414bayview.com

Eglinton Crosstown news

Last month, the Ontario government announced it is extending tunneling work on the Eglinton Crosstown westwards towards Etobicoke and into Mississauga, and opened a Request for Proposals to advance the project.

Premier Doug Ford says the province is working with the Greater Toronto Airport Authority for a connection to Pearson Airport and that Eglinton Avenue would not be closed during the work.

I’m always looking for events and new happenings to explore. Send your tips to: susan.legge@nexthome.ca

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Neighbourhood Watch: Yorkville

Yorkville – High end and priced to match

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Yorkville – High end and priced to match

If location, location, location is the golden rule of real estate, the Yorkville area of Toronto is one of the most shining examples. Indeed, it doesn’t get much more central than this, bounded by Bloor Street, Davenport Road, Yonge Street and Avenue Road. If midtown Toronto is what you want, a neighbourhood pretty much at the intersection of the city’s main subway lines at Yonge and Bloor is it.

Five-star is the perfect descriptor for Yorkville, home to the Mink Mile, one of Canada’s most exclusive shopping districts, along a stretch of Bloor. Upscale names such as Prada, Chanel, Gucci, Boss, Hermes, Louis Vuitton, Holt Renfrew and Harry Rosen operate flagship locations here, and north of Bloor, on Yorkville and Cumberland streets, you’ll find smaller buildings containing art galleries, first-floor retail and high-end restaurants. And of course, being so close to the famous Yonge Street, you’re just steps away from every retail option you can imagine, including the new Nordstrom Rack on the ground floor at 1 Bloor East.

Prized condo destination

As you can imagine, given Toronto’s condo boom, Yorkville is also a prized location for highrise living, with developers introducing several new projects in recent years, reflective of the luxurious character of the area.

“(8 Cumberland) is right on Yonge Street, you can walk to the subway door, it’s right there, and it connects to a path that goes through Yorkville and all the way through to Bloor Street,” Alan Vihant, Great Gulf’s senior vice-president, highrise, told Condo Life last fall at the groundbreaking for the company’s 8 Cumberland. This modern 51-storey condo with a century-old brick Victorian podium is located at the northwest corner of Cumberland Avenue and Yonge.

“8 Cumberland will create a new gateway to the Yorkville District,” says Great Gulf President, Residential, Niall Collins. “Our commitment to the neighbourhood’s revitalization includes a 36-storey condo tower at 18 Yorkville, the iconic 76-storey condo tower at One Bloor East and this 51-storey condo development all within a block radius.”

Award-winning

Nearby, Lanterra Developments is building 50 Scollard, a 41- storey condo at the corner of Bay and Scollard in Yorkville, with 77 exclusive residences. The project, in fact, earned Lanterra Best Highrise Building Design at the 2019 BILD Awards.

Complementing the high end, highrise living and shopping in Yorkville are nearby cultural offerings such as the Royal Ontario Museum, the Gardiner Museum of Ceramic Art, the Mira Godard Gallery, the Heffel Fine Art Auction House and Gallery 36.

And of course, blessed with a location along major transit arteries, getting to and from Yorkville is a breeze, with three subway stops along this stretch of Bloor.

Location, location, location

Bounded by Bloor Street to the south, Davenport Road to the north, Yonge Street to the east and Avenue Road to the west

Key landmarks

  • Cumberland Terrace
  • Gallery 36
  • Hemingway’s
  • Holt Renfrew Centre
  • Royal Ontario Museum
  • Sassafraz
  • Windsor Arms Hotel

Select condo projects

8 Cumberland by Great Gulf

11 Yorkville by RioCan Living

11 Yorkville by Metropia

11 Yorkville by Capital Developments

50 Scollard by Lanterra Developments

321 Davenport by Alterra Group

625 Yonge Street by Edenshaw Developments


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