In the past three years, only a handful of condo projects to be launched on Yonge St. in the downtown core. For this reason, the development team and investors alike are looking at 8 Wellesley Condos as a once-in-a-decade opportunities.
The architecture and interior design are all about the kind of luxury and elegance we associate with Yorkville that the development teams hope to bring to the south.
IBI Group is the architect team behind this 55-storey tower will have a striking presence on Yonge St. Reflective glass and a unique angled cutaway creates a one-of-a-kind silhouette in the sky.
The project is working through approvals for a site plan that will retain street-level heritage facades at 10 through 16 Wellesley and convert them into new retail spaces.
Rehabilitated heritage buildings at 5 and 7 St. Nicholas Street will house some of the building’s amenity space, 21,000 square feet of which is planned.
The building’s 599 residential units, meanwhile, will be about 20% studios, 45% one-bedrooms, 25% two-bedrooms and 10% three-bedrooms, with underground parking for 119 cars and 384 bicycles.
An additional 218 bicycle stalls will be located on the second floor.
The building is also Fully Zoned which is incredible news for the development team and investors alike. Then much anticipated sales lunch is scheduled for February 2021 and prices start from the $500s bringing affordability to the Yorkville’s immediate surrounding areas.
Rehabilitated heritage buildings at 5 and 7 St. Nicholas Street will house some of the building’s amenity space, 21,000 square feet of which is planned. Second, third and fourth floors will use the landscaped roofs of these retained facades as barbecue and dining areas.
Indoor amenities will include a 24-hour co-working area and a 6,500-square-foot fitness facility that combines cardio equipment and weight machines with a golf and sports simulator. It’s important to have amenities that look great and offer residents a thriving lifestyle of fitness and fun right within the building.
The stunning lobby, by the design firm Figure3, features black marble, a fireplace, an oversized chandelier and a grand piano and will be furnished by the luxury designer house, Fendi.
An address with every desirable convenience just a few steps away, 8 Wellesley is centrally located along Toronto’s thriving and ever-evolving Yonge Street, right in the heart of the downtown core, amongst the best experiences for life, work and play the city has on offer.
With only 2% of GTA condo launches boasting direct a Yonge street address, this is truly one of the last remaining chances to invest in pre-construction in this premium area, Yorkville South.
Its central location on Yonge places 8 Wellesley close to a number of key TTC network connections. Wellesley Subway Station is just at the corner, and a 15-minute commute to Union Station and the regional connections with GO Transit, VIA Rail and the UP Express. Toronto Pearson International Airport is just a 25-minute UP Express ride away. Drivers are a conveniently short ride from the Gardner Expressway, Don Valley Parkway and the 401, allowing convenient travel and seamless connections to the surrounding Greater Toronto Area (GTA).
Given the building’s location – 100 metres from the Wellesley subway station, with the University of Toronto, Ryerson and five hospitals within walking distance – expects students and medical professionals to comprise the majority of residents. These are people who really value proximity to their workplaces.
Toronto’s rapidly growing finance and tech sectors are also close by, offering professionals some of Canada’s leading career opportunities at big name brands like Shopify and Google.
A short walk takes you connects you to the University Health Network, a hub of innovation in medicine and healthcare with ten member hospitals and learning centres distributed across Downtown.
What does this mean for a real estate investor? Rental diversification, proximity to vital infrastructure and landmark institutions make this property highly desirable to renters, and ensures long-term return on investment.
A partnership between two industry leaders, the 8 Wellesley team is led by CentreCourt Developments and Bazis. You an expect the finest in design, finishes, construction, execution and delivery.
CentreCourt’s vision is to be the premier high-rise residential developer in the GTA by upholding the highest standards of excellence and constantly exceeding the expectations of customers. This commitment is evidenced by their many accomplishments and awards, including the 2017 BILD Award.
BAZIS understands the mindset of today’s urban buyers. Creating luxury condo developments in some of Toronto’s most sought after locations, that are always unique in design and outstanding quality has put BAZIS in a class of its own.
To learn more about CentreCourt Developments and their impeccable track record, please read our Builder Spotlight Blog here.
