Currently under construction, Riva del Lago is a condominium development headed by Monarch Limited. Once completed, the development will be 14 stories tall and offer a total of 186 units ranging in size and price from 616 square feet to 1,442 square feet and $358,990 to over $805,990. The project is scheduled for completion in 2017.
The development will offer its residents all of the conveniences of owning a luxury condo within the desirable neighborhood of Humber Bay Shores, now one of the wealthiest neighborhoods in Toronto. The building will stand directly across from the lush, lakefront parks surrounding the Martin Goodman Trail.
Its great location and the experience of Monarch Limited in developing lakefront properties makes this condo building an attractive investment for both investment and residence.
Sales Started:12 April 2014
Construction Started:May 2015
Estimated Completion:Winter/Spring 2017
The Condominiums are located in Etobicoke, Toronto, they place residents at the heart of a growing waterfront neighborhood. A variety of new services, shops and restaurants line this urban village along with everyday essentials like grocers and eateries. A weekly Farmer’s Market enlivens the scene even further.
Just across the road from the development is Humber Bay Park with its trails and parks, including the Butterfly Habitat. The mixture of urban convenience and abundant greenery is what makes this development unique.
Monarch is offering 14 plans ranging from 1 bedroom, 1 bathroom to 2.5 bedrooms, 3 bathrooms. The plan types include: 1 bedroom (1 bath), 1.5 bedrooms (1 bath), 2 bedrooms (1 bath), 2 bedrooms (2 baths), 2.5 bedrooms (2 baths), and 2.5 bedrooms (3 baths). A two-story townhouse option is also available.
Once completed, Riva del Lago will contain a variety of amenities to keep its residents relaxed and entertained. A party room offers opportunities to gather with friends, and a theater room makes watching movies a blast with its big screen and cushy seating. No luxury condo development would be complete without its fitness complex and pool. It will contain a fitness room with special areas for yoga and weights as well as an indoor pool and hot tub. Additionally, the men and women’s locker rooms will offer saunas and showers.
Aware of its proximity to a great selection of outdoor activities, the building will also have a pet wash room for residents with animals.
Additional building features include:
- Two beautifully designed lobbies
- Conveniently placed mailboxes
- Underground parking and storage
- Secure visitor parking
- High-speed elevators
- 24/7 Concierge
In addition to excellent general building amenities, the building has outfitted its unit designs with environmentally aware features and high quality materials.
Eco-friendly green roofs make living more energy efficient for residents while water-saving showers, faucets and toilets continue the trend of green living. Compact fluorescent lamps and low-emission laminate floors help residents save on their bills while double glazed, tinted and insulated windows keep the warm air in during Toronto’s frosty winters, all reducing the building’s environmental impact.
Energy Star appliances fit right into the well-designed spaces featuring standard luxury features and materials. The kitchen contains attractive features such asquartz countertops for a great cooking experience, stainless steel appliances, and additional options like an extended breakfast bar from the already ample island. Wide-plank flooring comes standard throughout the units, lending to a clean and modern feel.
In the bedrooms, walk-in closets with built in organizers provide residents with ample space to store their belongings. Peace and quiet is maintained with insulated walls between bedrooms, ensuring a good night’s sleep.
Bathroom features include whirlpool tubs, large vanity mirrors, and porcelain floor tiles.
It is nice to note that the cost of parking and storage are included in the unit prices, something which does not always occur in condo developments. The cost of purchasing a parking space in other developments is generally $50,000.
Monarch is one of Canada’s oldest and largest real estate companies. Humber Bay Shores contains a number of the company’s projects, including Voyager 1, Voyager 2, Explorer, Nautilus, Waterscapes, Lago and soon to be completed Riva Del Lago. Monarch’s master-planned communities provide residents with everything they need to live healthy and restful lives.
The developer has won the Consumers Choice Award a grand total of five times. It is also a five-time winner of the BILD Home Builder of the Year award.