Photo: credit to the owner
It’s an Ideal Time to Invest in Prebuild Waterfront Condos
Toronto's waterfront is in for big developments. Prebuild waterfront condo sales are ongoing and these new developments will take place along the eastern side of the downtown harbour area, with landmark buildings defining the city's skyline.
The city's waterfront has so much to offer for investors. The work-play-live balance the place promotes can be seen through its recreational areas such as running and bike trails, parks, boating, and easy access to Toronto island via a ferry. Adding to that, the waterfront is close to the central financial hub. When it comes to play, there are a variety of activities on the waterfront and the nearby entertainment district. One of the anticipated events here is when major professional sports team play out their seasons along the waterfront. Plus, public transit has never been convenient with easy access the moment you step out of your home.
All this, in Canada’s biggest city and the 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
A new neighbourhood is on the rise in East Bayfront. This part of the waterfront stretches east from Yonge Street to Don Valley and was prominently made up of low-rise commercial and industrial until recently. Now, this busy neighbourhood has many offices, their owncmapus of the George Brown College, jogging and biking trails, and parks lined up along the waterfront such as Sherbourne Common and Sugar Beach.
One of the major condo developments here, the Lakeside Residences is a seven-tower master-planned community, with retail on the ground floor and green spaces. The first three towers are located at Sherbourne Street, bordering on Lakeshore Boulevard East. Other than its close proximity to the downtown core and the harbour, this development is also remarkable for the amenities it plans to offer. These 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 entertainment district is just 15 minutes by foot. The Toronto Island ferries are even closer.
PreBuild Condos Proliferate on Toronto’s East Side
Recently, the areas just east of the financial district near Don Valley have also seen an outstanding transformation. For example, two new hubs are established like the Distillery District and Corktown, and along with it the Regent Park transformation.
The 96-acre Regent Park offers mixed housing from rentals to condos and plenty of local amenities for all needs encompassing recreation, education, entertainment and culture. There is a new aquatic centre in the area and another condo development is set to rise at the corner of Dundas and Sumach. This is the DueEast, a combination of beauty and functionality, with 24-hour concierge services, a host of amenities, and a high walking score.
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.