Invest in Toronto’s Downtown East with 5% deposit-per-year!
Toronto’s Downtown East won’t be the city’s best-kept secret for too long. Located at Dundas St E and River St on the Eastern edge of Downtown Toronto, an area primed for major expansion in the next 5 – 10 years.
Property value and rent are appreciating. Between 2012 and 2017, rental rates increased 30% in the downtown east, the highest rate the city has seen in a five-year span.
According to Bullpen Consulting, the cost for a new build condominium in Toronto’s M5A postal code has increased by 32% year-over-year since 2017 and sits at $1,176 per sqft as of April 2019.
Buyers that get in at the pre-construction phase realize the best return on investment as property value appreciates with gentrification and community growth.
Stimulated by a wave of urbanization, Downtown East has become the future of Toronto’s job growth with notable tech sector developments such as Google Smart City and East Harbour bringing an estimated 44,000 jobs to the area.
With the heavy influx of corporate resources and capital, and major public infrastructure improvements on the horizon, property value in the M5A is set to rise.
Developed by renown builder Broccolini and designed by Graziani + Corazza Architects Inc., River & Fifth Toronto was conceived as the ultimate urban retreat. Building amenities were designed with refined finishes that bring the outside in. Lobby and shared spaces feature foliage and greenery, architectural lighting fixtures, marble veining, and natural oak details. A stunning rooftop baja-style pool on the 12th floor overlooks the city skyline.
Location is everything, and this Corktown community has plenty to offer.
The views here are like nothing else and they’re only getting better. Revitalization of the city’s Don Lands will create parklands, trails and renewed connections between the Don River and Lake Ontario.
Surrounded by nature River & Fifth is a short walk to the Don Valley, hiking trails and city parks. Just minutes away are the award-winning Pam McConnell Aquatic Centre, as well as the all new Regent Park Athletic Grounds featuring an Ice Rink, Artificial Turf Soccer, Cricket Pitch, Basketball Court, Children’s Playground and Community Gardens. Urban development has brought national retailers such as Sobeys and Shoppers Drug Mart to this growing community with many more shopping options on the way. And close proximity to Toronto neighbourhoods like Riverdale, Distillery District, Leslieville and the St. Lawrence Market offer even more entertainment and recreation opportunities.
With upcoming residential condominium releases and significant city infrastructure development projects still underway, it’s a safe bet that this is just the beginning of community growth and revitalization, with huge potential to appeal to a broader demographic of potential for tenants in the future.
Transportation access to Corktown has vastly improved over recent years.
Recent transit expansion and infrastructure growth give this neighbourhood an enviable 99/100 Transit Score. Multiple TTC connections are within walking distance from River & Fifth. By Dundas St E and River St there is access to both the 501 Queen and 505 Dundas Streetcar routes operating 24/7. Getting to Yonge St along either Queen West or Dundas West takes a short ten minute ride.
The planned Ontario Line TTC expansion will further improve connectivity and extend transit options in the downtown east offering residents of River & Fifth a five-minute subway ride to Union Staion. Also placing Sumach Station a quick seven minute walk away and connecting Corktown with the Regional Express Rail, SmartTrack, Broadview LRT and Queen’s Quay LRT.
For drivers, River & Fifth is just four minutes by car to the Don Valley Parkway, giving direct access to the Bayview Extension, Gardiner Express, and Highway 401. Downtown Toronto is a ten minute ride and it takes less than six minutes to get to Ryerson University and George Brown Culinary Institute.
Bringing over 70 years of experience in commercial, industrial and residential real estate development. Broccolini is a family-owned business spanning three generations and recognized for workmanship and collaboration. Broccolini takes great pride in being a single-source provider of land development, building construction and real-estate services. All services are delivered in-house, guaranteeing a commitment to quality and the highest level of accountability.
Backed by Broccoloni’s in-house team of experienced real estate professionals, residential condominium development projects are managed from inception to completion. Broccolini has built several large-scale residential developments including the 150-155 Redpath condominium project in Toronto. They are also the developer-builder behind multiple high-profile residential projects, including the Park Towns development in North York, and acclaimed high-rise condominium projects such as the prestigious 50-storey L’Avenue condominium project in Montreal, the tallest residential building in city.
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