People find many reasons to purchase a condo. Good prices. Investment potential. A great neighbourhood. Superb transit. Rarely do these factors merge so well as in the urban hub bounded by Allen Rd., Sheppard, Bathurst and Wilson. No surprise, then, that condo-buyers are discovering this convenient and economical upper-midtown locale.
Here, new condominiums inch skyward. Three prime choices include Malibu Investment’s Gramercy Park, and her neighbour, The Station by Brandy Lane, as well as Liberty’s Metro Place. The trio bring sophisticated downtown standards to a burgeoning neighbourhood.
Liberty Development's Metro Place
The times they are a-changing The buildings rising along Wilson comprise part of the urban redevelopment slated by the city. They present a strong and appealing streetscape. Retail establishments line the street level to entice and entertain.
What makes a street successful in an urban environment? People who jaywalk—they want to be on both sides of the street at the same time, says Brandy Lane’s David Hirsh. “I think that’s going to happen here.”
“We’re adding urban chic,” he continues. “I took a piece of downtown and brought it to the uptown core. And it’s working—really well.”
All the conveniences of home The neighbourhood hasn’t lost its suburban charm, however. Bracketed by extensive parkland, it has Earl Bales Park on the east and Downsview Park bordering the west. Runners, cyclists and walkers can travel the trails that lace Downsview’s green space. The former armed forces enclave opens a gateway to arts and entertainment, and sports and leisure activities, too.
Residents can enjoy a full complement of urban conveniences—walking-distance access to shopping, schools and entertainment. Yorkdale, Canada’s fifth-largest shopping mall, beckons a subway stop away. They’ve just announced a $220-million expansion to add an additional 40 stores.
A car-optional community Though Allen Road and the 401 provide instant auto access to the GTA, nothing beats the Red Rocket for a speedy ride. All three condos come transit-ready with subway access on the doorstep.
“Hop on the subway and you’re downtown in 20 minutes,” says Shawn Richardson of Liberty’s Metro Place. “And many purchasers like being in the middle; they have the flexibility to go north or south.”
“People look at the value, the square footage they get for their dollar. Downtown is great, but it’s not within everyone’s affordability.”
Rony Hirsch, president of Malibu Investments, agrees. Gramercy Park buyers save 50 per cent off downtown prices. His two-bedroom suites cost less than a downtown studio.
A promising investment “We’ve priced them quite well,” says David Hirsh. “You pay $450 per square foot for a lifestyle that in five or ten years could easily reach $700. Downtown there’s nothing you can touch for less than $600. You’re buying a future with a built-in uptick. Savvy buyers will recognize that.”
Price and value, location, transportation: who says you can’t have your cake and eat it, too?
Source: Heather M. O’Connor of Condominia Magazine Inc.
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