Torontonian real estate has made a considerable move towards condos over the last few years, with more and more buyers choosing high rise units over single-family housing options. The price gap between the multi-family housing and single-family housing is vast, so many people are finding that they can afford a higher level of luxury by opting for condos. This shift has not gone unnoticed by developers, with more and more condos popping up all over Toronto, reaching new heights and new levels of luxury. With competition high, it’s essential for potential buyers to be ahead of the game when it comes to new developments. Read on for the top three new condo developments to watch out for.
1. Mirvish and Gehry Condos
This condo development comes to us from David Mirvish in conjunction with world-renowned architect Frank Gehry and Great Gulf developers. Mirvish and Gehry is in the preconstruction stage, however, these condos are sure to sell out fast. Set to stand tall in King Street’s arts and entertainment district, the development will consist of two towers housing retail, commercial, cultural and educational spaces as well as residential units. storeys, this will be an iconic addition to the Toronto skyline and the tallest residential structure in the country.
The exteriors of the towers have been designed to have very distinctive designs which complement each other, ensuring that the outside of the building will be striking yet still in fitting with the history and texture of the neighborhood. As for the interior, we can expect nothing short of undeniable luxury with beautiful finishes and breathtaking city views. Unfortunately we don’t yet know prices or unit size, however we can be sure that once the units go on the market, they will be snapped up unbelievably quickly.
2. The One
The One condos are being designed by British architect Norman Foster and his company Foster + Partners; one of the most innovative architecture firms around, and developed by Mizrahi Developments. The 1,005 foot, 82-storey skyscraper is currently under construction at number one Bloor Street West and house 416 units including upscale retail such as high-end restaurants and shops, as well as residential suites and 314 parking spots. The suites will range in size from 591 square feet up to 6037 square feet and will be completely customizable, featuring extra-high ceilings and stunning city views stretching out to Lake Ontario.
Amenities will include an atrium, cleaning service, valet service, concierge, theatre room, gym, pilates room, spinning room and private pools. On top of this, residents will be just moments away from popular restaurants and endless transit options, making the popular Yorkville location ideal for city dwellers. The building itself will boast luxury, elegance, and sophistication in all aspects from the finishes to the amenities to the retail and entertainment options. Prices will begin at $1,299 per square foot, ranging from $779,900 – $16,899,900 with expected occupancy in early 2023. No compromise has been made in the design and development of the building, so it’s certainly worth keeping an eye on. Potential buyers who desire the highest levels of luxury in the most desirable and convenient of city locations should register their interest as soon as possible for this exciting new development, as the elegant units are sure to sell fast.
With new condos aiming for record-breaking heights, there is one up-and-coming development which is set to take the title of Canada’s tallest residential building: YSL. YSL is a new development, currently pre-construction, set to be built at 391 Yonge Street. The 344-meter tower will house 957 units over a vast 98 storeys, featuring retail, office and residential space. The architect behind the development is New York-based Kohn Pederson Fox Associates, known for designing some of the tallest towers in several countries with innovation and style. They will perfectly complement developer Cresford’s commitment to quality and luxury, and we can be sure that everything from the design o the finishes to the amenities will be breathtaking.
The dream location is close to restaurants, landmarks, schools, hospitals and transit options making it extremely convenient. The exterior will be smooth, sleek, glassy and faintly sculptural. The units will range from studios to three-bedroom and 538 square feet to well over 2000 square feet for penthouse suites, catering to working professionals as well as families. Amenities will spread over the indoor and outdoor space over several floors. Many Torontonians will be eager to watch the development of this record-breaking skyscraper promising elevated luxury in a desirable city location for those lucky enough to snap up a home here.