Regent Park Re-invents Itself as a Sought-After Neighbourhood
The central east end of Toronto is revitalizing, a new development is being built in this downtown neighbourhood. The Regent Park condos is part of a creative initiative that started in 2005, called the Regent Park Revitalization Plan. This 69 acre neighbourhood is a mix of townhouses, rental and high and low-rise apartment buildings, and condominiums. Upon the project’s completion, it is expected to have 5400 condo units more in addition to the current over 2000 rental units.
Other than housing, there will also be cultural and sports facilities, parks and retail space. The Daniels Spectrum easily became the cultural heart of the neighbourhood with its seven arts and non-profit organizations. In just a short amount of time, the Regent Park had a massive transformation, and received the attention of many civic officials from around the world.
Prebuild Condos Coming on the Regent Park Market
Another exciting thing taking place in this neighbourhood is The Wyatt, located at the corner of Dundas East and Sumach Streets. Prices for this new building starts from the mid $300,000 and the units range in size from Studio to three-bedroom units. The Wyatt will include a modern gym, party room, rooftop terrace, outdoor playground, sports facilities and splash pad for kids to enjoy. In addition, The Wyatt is a kid-friendly building with its Kids Zone on the 4th floor featuring activities, toys, craft and play rooms.
The Wyatt has a high walk score, with the downtown core just being 15 minutes away. There is also quick access to public transit such as TTC streetcar and bus routes. For car owners, the Don Valley Parkway, Lakeshore, Gardiner Expressway and the QEW are just nearby.
Units will include contemporary custom-designed cabinetry with Quartz countertops and European-style stainless steel appliances. The ceilings are 9 foot – and the floors a beautiful laminate.
What to Look for in a Condo Agent?
What does it mean to be a “condo agent”? Based on the name itself, it is someone whose specialty is the purchase and sale of prebuild or existing condo units. Being one of the hottest real estate markets in the country, Toronto’s condo market continues to be very active and new offerings trigger a lot of buyer activity. You would need someone on your side who can move quickly on your behalf and negotiate that often busy market for you.
How to know what to look for in a condo agent? First, ask for at least 10 recent client references that are not cherry-picked. Second, test the agent’s communication skills by asking yourself the following questions. Does the agent get back to you quickly – using whatever communication avenue you prefer? Does the agent listen to you and have a clear idea of what you are looking for in a Regent Park condo? Is the agent clear about your time frame? If you are in a hurry to settle, the agent should be prepared to work within that tight time frame?
They are all good questions, and require careful consideration as you set about to purchase your Regent Park condominium.
Contact Sushma Khinvasara today to discuss all of the benefits of purchasing a Regent Park 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. Call 647-834-9928