Cityzen & Fernbrook’s P27 offers rare waterfront luxury
As Toronto continues its fervent building boom, dotting the skyline with more and more enthralling structures, there remains a conspicuous dearth of high-end waterfront properties on the market.
Toronto is intensifying at an unprecedented rate, perhaps only comparable to Manhattan in the 1920s, and the solution to satisfying the need for extra space — which in the years ahead will increasingly become premium — seem to lie at the foot of the city along Lake Ontario.
According to Sam Crignano, President of Cityzen Development Group — which, along with Fernbrook Homes, built P27 — waterfront living won’t merely provide residents extra space, it will also offer respite from the swelling madness and mania that are routine in the world’s premier cities.
“On the one side of your home, you have innumerable entertainment options like professional baseball, hockey, soccer and basketball — not to mention the top film festival in the world.
As well there are museums, shopping, restaurants, and the St. Lawrence Market area, which I personally call home. Yet you have the tranquilizing effect of Lake Ontario on the other side,” he said. “You can spend an afternoon on the beach just across the lake at Toronto Island. You can go for walks, hikes, bike rides; you can skate in winter — you can do just about everything.”
Additionally, added Crignano, Waterfront Toronto — which has, in revitalizing the waterfront, undertaken the largest infrastructure project on the continent — is turning Queen’s Quay into a grand lakeside boulevard that will feature a 45-meter tree-lined pedestrian and cyclist promenade, giving the area a perfect 100 walkability score and bolstering the placidity that will come to define the neighbourhood. The Martin Goodman Trail is right around the corner, too.
P27 still has some luxury suites available, and if Toronto’s resale condo market is any indication, where two-bedroom units are getting multiple offers, they won’t be available for long. With two- to four-bedroom suites ranging between 1,702 and 4,474 square feet, remaining units will mirror sold units that have already appreciated substantially. Prices for the suites range from $1.5 million up to $5.2 million.
Designed with top-notch finishes, including exceedingly large terraces and balconies, 10-foot ceilings, and kitchens furnished with granite, quartz composite or marble countertops, and Miele and Subzero appliances, the commodious abodes are ideal for both families and empty nesters looking for a slower, relaxed pace of life.
P27 negotiates the fine line between home and five-star resort, thanks to its serene vibe and unparalleled amenities. For example, its indoor pool is affixed with panoptic views of Lake Ontario and downtown Toronto; its outdoor party area has cabanas, to go along with barbecues; outdoor terraces; a games room; a theatre; an indoor party room; and arguably the best residential gym in the city: It is custom programmed by Movement Haus by Benchmark Group.
“Curiously, there just aren’t any other luxury suites along Lake Ontario like the ones currently available for move-in at P27, and residents already living here have seen their units appreciate,” said Crignano. “Keep in mind that land is extremely difficult to acquire in Toronto, and the suites at P27 are among the finest along the waterfront.”
P27 is at the foot of the budding new waterfront neighbourhood that will be renowned for its 21st century building principles. In addition to being pedestrian- and cyclist-friendly, Waterfront Toronto intends to green it to the nines. And, as with any new sought after neighbourhood, it will become a retail and entertainment destination — emblematic of the new Toronto that’s taking the world by storm.
“In a way, P27 represents what Toronto has become — a worldly city with an extremely high standard of living,” added Crignano. “Never has there been a time in this city’s history as exciting as now. And in no other city in the world does the future look this bright.”
Standing on one of P27’s oversized balconies, it’s hard to gaze upon the city’s skyline and argue with Crignano.
For further information call or visit the website.