New Developments for Long-term Investments

One of the exciting things about Toronto is that the skyline is ever changing! As one building comes down, another building goes up and further enhances our urban roof-top views with its twinkling lights. Many of these new developments are mixed-use residential buildings and if you’re looking to move into a condo or purchase one as an investment, pre-construction can be a great way to go! Regardless of which neighbourhood appeals to you, we are spoiled for choice in this city. To illustrate this, here are just a few examples of developments coming soon to three distinct areas of Toronto…

One Delisle

London may have their “Gherkin” building but soon we will have our very own artichoke! One Delisle promises to refresh Toronto’s skyline and also contribute to the revitalization of the Yonge & St. Clair area with architect Jeanne Gang’s innovative design and vision. The building will consist of 293 units ranging in size from 308 to 1793 square feet and prices ranging from the low $900,000s to over $2,100,000. With a broad selection of amenities (a eucalyptus steam room and a ravine terrace, to name a few), this development is sure to provide luxurious respite from urban life. If you’re willing to wait until construction is projected to be completed in 2026, there is still time to get in early…

Junction Point

From midtown’s Yonge & St. Clair area, we move West to Junction Point. As the name suggests, the building is located at the gateway of The Junction on Dundas St. West and will feature an intimate 111 units in a diverse range of floor plans over eight storeys. Prices range from $848,800 to over $1,798,800 and range in size from 677 to 1423 square feet. The building, which is set to be completed by 2023, will feature units with expansive terraces with views of the city skyline. The brick exterior will be balanced with glass, while the interiors will have a contemporary spin on industrial, all very suitable for the neighbourhood. This now bustling community has transformed drastically in recent years. With wonderful restaurants and quaint boutiques popping up, this development is a great pre-construction purchase opportunity.

The Grove

On the opposite side of the city, you’ll find The Grove on Queen St. East, Leslieville. A much smaller, boutique-style building of only 28 units, The Grove is set to be a welcome contemporary contrast to the Victorian architecture of the surrounding neighbourhood. The units are designed to be adaptable to modern lifestyles and come with a selection of natural wood and stone finishes for a boutique twist on modern living in this historic neighbourhood. The jewel in the crown though, will be the spacious penthouse suites that include a staircase leading to a private rooftop terrace.

Do any of these sound appealing? Or perhaps you’ve recently driven by a new development and had a few questions? Our team can’t wait to help you navigate Toronto’s pre-construction real estate!