The GTA’s Most Anticipated Condo Launches For Spring 2019

The GTA's Most Anticipated Condo Launches Of 2019

When it comes to pre-construction condos, it can be an anxious waiting game to get your hands on one or more suites in your desired neighbourhood and within your budget. Not to mention, the strenuous task of collecting and comparing each project’s specs prior to the big launch day-- so we’re giving you a head start on the GTA’s condominium projects launching in 2019.

Here’s our guide to the 13 most anticipated condo launches for this Spring, feel free to reach out to us, we’re happy to help you achieve your 2019 real estate investment goals.

CRU 11 Yorkville Condos by Metropia, Capital Developments and RioCan

CRU 11 Yorkville

11 Yorkville Avenue / Yorkville / Launching Early 2019

The first preconstruction project on the list is slated for a prestigious Yorkville address as it will be situated at Hazelton Yorkville Avenues. The site is currently home to a commercial complex, however, in its place, Metropia, Capital Developments and RioCan have proposed a mixed-use tower set to stand 62 storeys high. Given the building's location, one can expect some truly lavished living areas and exclusive communal spaces.

Amenities here tend to be impressively high-end with similar sites featuring perks like hot and cold plunge pools, expansive rooftop terraces, outdoor theatres and fully-equipped fitness centres.

RioCan, an established name in the commercial market, will likely be handling the retail and office sector of the building, which we anticipate will include space at street level for upscale retail tenants.

A premier destination for opulence, Yorkville is the destination of choice for those looking for world-class museums, boutiques, luxury retailers, speciality shops, cafes and world-renowned restaurants.

The Yorkville neighbourhood’s configurations are known to cater towards middle and upper-class citizens because it can afford to -- its residents’ average household income is $179,859. According to statistics, the population of the area is 29,180 and is growing exponentially. 60% of the populace is comprised of single individuals among ages of 20-44. Homeownership in this region is skewed towards tenancy at 64% which is bound to grow with new condominium options headed to this pocket of the city.

2018 Average Yorkville Condo Price: $1,209,938

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,400

2 Bed - $3,900

3 Bed - $4,300

 

Transit City 4 Condos by CentreCourt Developments and SmartREIT

Transit City 4 (TC4)

Millway Avenue / Vaughan Metropolitan Centre/ Launching Early 2019

While not the first high-rise condominium to go up in the new downtown in Vaughan, the five-tower, 442-acre, Transit City Condos project from CentreCourt Developments and SmartREIT could very well be the most anticipated. The towers, designed by Diamond Schmitt Architects, will all reach 55 storeys at a location right next door to the subway station. The demand for suites here has surpassed expectations as phases one through three have all sold out in record time. Now, Transit City 4 will launch early this year and we anticipate great fanfare. Our advice is to register to get ahead of the crowd for introductory floor-plans and pricing through platinum access.

Transit City 4 will home 1,000 suites with a view that overlooks a vast green wonderland surrounding entertainment venues, retail shops, offices, and a hotel. The best part of living in this building will be coming home to a state-of-the-art suite. Airy, open-concept plans allow one to move about freely without the restriction of too many walls. Smooth ceilings float 9 ft high and lead out to private balconies off of custom designed kitchens while European influenced bathrooms are finished off with chic details. It's all the pleasure you expect from a home but one step ahead.

Vaughan Metropolitan Centre is the new downtown hub for businesses and residents alike in the City of Vaughan. It has become a vital urban centre in the Greater Toronto Area-- comprised of a list of amenities necessary for a robust metropolitan style of living, the type where people can live, work and play. This city centre is one of the most exciting transformations in Canada as it comes on the tail of the new Line 1 subway extension. The new transit line has made the historically suburban City of Vaughan accessible to Downtown Toronto via one 30 minute train ride. By 2031, 25,000 people and 11,500 jobs will be centred around the new Downtown North.

2018 Average VMC Condo Price: $527,000

Average Rent in 2018: $2,200

Average Monthly Rental Prices: Q3 2018

1 Bed - $1,900

2 Bed - $2,400

 

XO Condos by Lifetime Developments

XO CONDOS

1221 King Street West / Liberty Village / Launching March 2019

XO Condos is set to launch in the first quarter of the year with 293 suites at the southwest corner of King and Dufferin Street. This 14 storey building is sure to attract young professionals and urban families that wish to call Liberty Village home.

What's interesting about XO Condos is that Liberty Village enthusiasts will recognize the contemporary, steel-and-glass design that is on-trend for the neighbourhood. Savvy urban dwellers, however, flock here for more than just the architecture. Virtually everything one needs to live comfortably is just a step away in this historic neighbourhood. Trendy bars, boutiques, and services are within walking distance-- and the 24 hour King streetcars run just outside the doors of the upcoming building. Residents are minutes to trendy Entertainment District venues, a short walk to Trinity Bellwoods Park and the hip shops on Queen West.

Investors have been in this neighbourhood since the commencement of condominium and townhome development in this pocket of the city. The current population here is 42,365 residents with 49% of them residing in Liberty Village as tenants. The age range is between 25 and 44, which explains why the atmosphere has such a youthful feel to it and the average income is calculated to be $55,342. This is a very exciting project for both the investor and end-user as buying in a lively and accessible neighbourhood is beneficial to both demographics.

2018 Average Liberty Village Condo Price: $620,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,200

2 Bed - $3,200

3 Bed -  $4,200

 

Prime Condos by CentreCourt Developments

Prime Condos

319 Jarvis Street / Garden District / Launching February 2019

CentreCourt Developments is launching an exciting project in the rapidly-transforming Garden District in Downtown Toronto. The developer's proposal is calling for a 45-storey building just south of Gerrard Street, comprised of 579 residences with retail at street level and a rich collection of indoor and outdoor amenities. A recent announcement that the main lobby will be designed and furnished by the luxury brand Versace has added to the intrigue of this tower set in the heart of the city. The podium will feature outdoor amenity spaces on both the second and third floors, along with an expansive wrap-around outdoor terrace on the top of the podium. Indoor amenity space will also be included in the podium, likely in the form of a fitness centre, party room and a business centre.

With 579 residential units in total, the unit mix will include 165 studios, 330 one-bedroom suites, and 84 two bedroom units. CentreCourt has partnered with architects Page + Steele / IBI Group to design the opulent building which will feature a striking, three-dimensional diamond pattern as it ascends into the sky.

The location is a part of downtown’s “urban growth centre”, where the province’s policies have included the Garden District for the most intensive forms of growth. This plan has been put in place to help create complete communities that are offering more options for living, working and playing. The area is also predicted to curb urban sprawl and reduce traffic gridlock by improving access to a greater range of transit options.  We’ve seen a number of contemporary condominium buildings have great success in the surrounding area and we foresee this one following suit. Homeownership in the Garden District is low, with a split of 65% renters to 35% owners among those living in the area. The average income for the Garden District is $37,614 with a current population of 8,240 and growing.

2018 Average Garden District Condo Price: $690,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,400

2 Bed - $3,300

3 Bed - $4,600

 

Bijou on Bloor Condos by Plaza

Bijou On Bloor

2452 Bloor Street West / Bloor West Village / Launching Early 2019

This upcoming high-rise is situated on the northeast corner of Bloor Street West and Riverview Gardens, just west of the Jane Subway Station. Residents of Bijou will enjoy living close enough to downtown Toronto but at a distance where they can feel like they have left the hustle and bustle of the city behind them. Families, students and young professionals will also be attracted to this project for its leafy street off the main road.

Plaza’s proposal calls for 12-storey mixed-use building with retail on the first floor and 192 luxury residential units occupying floor two through 12. Nearly two-thirds of suites will be two or three-bedroom units, perfect for the many working couples and young families who call the neighbourhood home. There’s a floor-plan for everyone, regardless of your living style.

Come see why Bloor West Village is one of the west end’s most cherished neighbourhoods. This Toronto condo development is a short walk to the Jane subway station, in the middle of a quaint strip lined with cafes, shops and Tudor-style apartments.

2018 Average Bloor West Village Condo Price: $820,000

1 Bed - $600,000

2 Bed - $1,070,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,100

2 Bed - $2,900

3 Bed - $4,000

 

The New Lawrence Heights by Context and Metropia

The New Lawrence Heights

Ranee Avenue & Flemington Road / Lawrence Heights - North York / Launching Early 2019

Adding some much needed new inventory as a part of the 100-acre revitalization of the Lawrence Heights neighbourhood is The New Lawrence Heights. These ultra contemporary townhomes will border the south edge of the Yorkdale Shopping Centre with a total of 250 homes on Ranee Avenue. The vision for the New Lawrence Heights gives current residents access to new homes and opportunities while also opening the community up to new residents. We predict that this project will be a popular one among first-time investors and large families. Expect back to back and rear lane townhomes with 3 and 4 bedrooms ranging from 1,400 to 2,666 square feet-- with the option to upgrade the ground floor to include a fifth bedroom.

The project is being developed by a public/private partnership with the city, including a 45.9-million-dollar investment into new infrastructure, utilities and parkland. Once finished, the new community will also include new education facilities, such as a new local elementary school, a full-sized state of the art community centre and plenty of green space.

The development is also expected to add 5,600 jobs to the community and the increase in parkland, walking and cycling paths will add significantly to the area’s public realm. Already a neighbourhood with strong community roots, excellent transit and proximity to the region’s major highways, this redevelopment is the next step to creating an extremely livable, walkable and vibrant part of the city.

Average Lawrence Heights Condo Townhouse Price in 2018: $635,000

 

Y&S Condos by Tribute Communities

Y&S Condos

2161 Yonge Street / Yonge & Eglinton / Launching Early 2019

Expected to stand 36 storeys in the Yonge and Eglinton neighbourhood is Y&S Condos occupying in 2022. The site sits on the east side of Yonge Street, just south of Eglinton. The proposal calls for a residential tower anchored by a contemporary base which will house retail and almost 89,000 square feet of office space from floors two to six. This unique building is targeted towards those seeking larger units who will most likely be families. 288 residential units are proposed in total, including 108 one bedroom layouts, 141 two-bedroom and 39 three-bedroom layouts. The building is expected to feature 6,792 square feet of indoor amenity space on the seventh floor. The same level will also feature 6,361 square feet of outdoor amenities.

Living at Yonge and Eglinton brings many perks. Not only are you a short walk to a strip with the best speciality stores and retailers but minutes to Eglinton Station where the subway takes riders across the city. Another great perk is the stellar Walk Score of 99/100 which means that daily errands do not require a car or public transit. Feel free to take a stroll around the neighbourhood to grab your daily necessities. Another great reason we love Yonge and Eglinton is the proposed Eglinton Crosstown LRT, which is currently under construction. Once completed in a few years, the LRT will add almost 20 km of rapid transit access from Kennedy Station in Scarborough all the way to Toronto’s Weston Road-- with a stop at Yonge and Eglinton. Does it get any better than this?

This area is one of the most lucrative neighbourhoods for owners with rental units. It has the lowest vacancy rate within the city, so units are guaranteed to interest a variety of tenants. Pre-construction condos are often cheaper than their resale counterparts and will increase in value as the neighbourhood continues to change.

2018 Average Yonge & Eglinton Condo Price: $693,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,200

2 Bed - $3,100

 

 

The United Building Condos by Davpart

The United BLDG

481 University Avenue / Financial District / Launching Early 2019

Ideally situated in Toronto’s Financial District, steps from the subway and Eaton Centre, will be The United BLDG by Davpart.

The Proposal for this tower just north of Dundas Street West call for a 55-storey structure. It will include 748 dwelling units, plus upscale office space. B + H Architects has signed on to design this contemporary building and has already proposed to eliminate a portion of one storefront on Dundas and replace it with a public art feature.

Details about the suite finishes are still being finalized, but we’re expecting them to be high-end and modern, with balconies that offer panoramic views of the downtown skyline.

This building will make a great option for those considering an investment opportunity or an income property. Situated at the crossroads of three high-density employment areas - Bay Street Corridor, Hospital Row and the Financial District – suites in this contemporary condominium will be in high demand for the executive tenant. Both Ryerson University and the Ontario College of Art and Design (OCAD U) are within walking distance as well, providing another potential tenant base.

Proximity to the subway, just down the street, makes getting around the city a breeze, wherever you’re headed.

2018 Average Financial District Condo Price: $935,000

1 Bed - $680,000

2 Bed - $1,306,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,400

2 Bed - $3,400

3 Bed - $4,400

 

Merge Condos by Lifestyle Custom Homes

Merge Condos

2201 Kingston Road / Scarborough / Launching January 2019

Lifestyle Custom Homes will be adding some much-needed inventory to the Birch Cliff neighbourhood in Scarborough. The mixed-use building will stand 11 storeys and will house 182 residential units with retail on the ground floor. This new pre-construction development headed to Scarborough will replace three single-storey retail buildings and a three-storey apartment building currently existing on the site.

Units at ground level of the tower will have a private terrace, while those above will boast private balconies. Residents will have access to lockers for storage, a green roof and rooftop terrace. Amenities will also be spread throughout the third, fourth, and fifth floor, but the majority of the spaces will be on the eleventh floor in the form of indoor and outdoor amenities.

The tower will boast design from RAW Design, which will allow it to stand as an urban addition to the growing cosmopolitan area. Now is the time to invest in Scarborough, due to the plentiful developments surrounding the area, especially surrounding the neighbourhood’s central subway stations like Scarborough Town Centre.

2018 Average Birch Cliff Condo Price: $566,000

Average Rent in 2018: $2,100

Average Monthly Rental Prices: Q3 2018

1 Bed - $1,800

2 Bed - $2,400

 

River & Fifth Condos by Broccolini

River & Fifth

5 Defries Street / Regent Park / Launching April 2019

This is a great opportunity to invest in a burgeoning neighbourhood close to the downtown core, rapid transit and the picturesque Don River. River & Fifth Condos will rise as the revitalization of this east-end pocket continues-- condos like this will set the trend for urbanization and streetscape enhancement.

Designed by Graziani + Corazza Architects this preconstruction condo is proposed as three elements in total; a high-rise reaching 38 storeys, a mid-rise reaching 12 storeys and a low-rise reaching 4. The three structures will be integrated with each other, anchored by a landscaped entrance and a shared, double-height lobby. This shared space will also include a publically-accessible “social courtyard,” overlooking the Don Valley.

Some of this condo’s best features will undoubtedly be its outdoor terrace, which will occupy the 12th floor of the mid-rise portion, spanning 9,612 square feet and showcasing unparalleled views of the river, Lake Ontario and the downtown skyline. An additional 1,377 square feet of indoor amenity space will be featured on this floor, with another 1,474 square feet on the thirteenth.

Regent Park is a lively community to call home, where eclectic shops and restaurants line Queen Street East – which is the neighbourhood's southern border – and two 24-hour streetcars provide service across the city.

2018 Average Regent Park Condo Price: $550,000 

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,300

2 Bed - $3,300

3 Bed - $4,700

 

Wynford Garden Condos by Allied Hotel Properties Inc

Wynford Gardens

175 Wynford Drive / North York / Launching Spring 2019

Sitting just northeast of the Don Valley Parkway and Eglinton Avenue East intersection, the site for this proposal is a connected and ambitious location. In its current state, the site includes a 34-storey condominium building, along with a six-storey hotel and a six-storey seniors’ residence. The proposal requests to add two condominium towers – standing 30 and 36 storeys – and convert the existing 353 existing hotel suites into 283 suites, which will consist of 141 hotel rooms and 142 residential units. Upon completion, the new structures will house 983 new units in total.

15,177 square-feet of new outdoor amenities are also proposed, including a lush outdoor terrace and a park bordering the new condominium towers that fronts onto Eglinton. The community will include a comprehensive pedestrian walkway network and a new walking trail adjacent to a ravine at the north end of the site, making for a green, pedestrian-friendly pocket that engages residents and visitors alike.

Wynford Gardens Condo will sit right on the future Eglinton Crosstown line, which will add nearly 20 km of rapid transit access from Kennedy Station in Scarborough to Toronto’s Mt. Dennis neighbourhood in the west end, with 25 stops across the city. The LRT is expected to be up and running around 2020, homes near the line are predicted to increase significantly in value. An accessible surface entrance for the LRT is slated for the same intersection at Wynford and Eglinton close to Don Mills.

2018 Average Condo Price: $690,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,000

2 Bed - $2,500

3 Bed - $2,900

 

Avia Condos by Amacon

Avia Condos

465 Burnhamthorpe Road West / Mississauga / Launching Spring 2019

If you’ve been waiting for a spot in this coveted Mississauga master-planned community, your wait is almost over. As it stands, this condo project is the only building that isn't sold out in this innovative, park-filled complex. Situated at Confederation Parkway and Burnhamthorpe Road West, it’s just moments from Square One Shopping Centre, considered the heart of Mississauga’s city centre.

The Avia building’s proposal calls for a contemporary high-rise with retail and office space at street level. We’re also expecting a collection of upscale residential suites, ranging from approximately 500 square feet to 1,000 +, available in one, two and three-bedroom layouts.

Not surprisingly, Mississauga’s burgeoning downtown has been attracting both first-time buyers and investors in droves. With distinct urban energy all on its own, it has seen a major commercial and residential boom lately. Whether you’re a professional who thrives in a high-energy downtown district, part of a growing family looking to put down roots, or a student looking to live, work and be inspired in the same neighbourhood, you’ll find a place here.

 

2018 Average Mississauga Condo Price: $429,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,000

2 Bed - $2,500

3 Bed - $2,900

 

 

 

Azura Condos by Capital Developments

Azura Condos

15 Holmes Avenue / Yonge & Finch / Launching Early 2019

Last but not least on our list is Azura Condos. This project is on its way to the Willowdale neighbourhood in North York where Capital Developments is proposing a mixed development that will conveniently stand just south of Finch Station. The development will be comprised of three buildings, including connected townhomes that will sit at 15, 19 and 21 Holmes Avenue, atop the subway line, providing seamless navigation around the city. The project will replace the existing three two-storey townhouse blocks on the site. Investors will want to quickly take note of the development which will be suitable to all lifestyles, servicing residents who work and study all around the GTA.

Condo and townhome residents will share a total of 528.9 square meters of shared indoor amenity space. This space will likely be on the ground and fourth floors. 516.6 square metres of outdoor amenity space will also be available. Both levels of the podium will be occupied by amenity space, and by a residential lobby at the northwest corner. Residents will also be able to access the underground garage ramp via the podium. Two levels of parking will be made available in the below-grade garage.

 

2018 Average Yonge & Finch Condo Price: $550,000

Average Monthly Rental Prices: Q3 2018

1 Bed - $2,100

2 Bed - $2,700

3 Bed - $3,200

 

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