475 Yonge Condos is a new condo project by KingSett Capital, located at 475 Yonge St, Toronto, ON. The development has two buildings (65 and 45 storeys) with expected occupancy in the year 2022.
Being located in a favorable neighborhood, 475 Yonge Condos are going to have ample of facilities available close by. Therefore, one will be able to easily access schools, grocery stores, drug stores, etc. in close vicinity itself. Also, the design and elegance of the condos add to the charm of the overall appeal of the region.
Features and Amenities
The developers propose a 65 storey tower in the Northside with hotel and residential suites, while the 45 storey tower in the Southside will consist of only residential suites. The condos will consist of a central podium too. This podium will have retail, residential as well as hotel lobbies. The towers will be connected via this 5 storeys high central podium. This will be a well-planned design to ensure easy access to residents of both the towers. The chief architect for the condos is Quadrangle Architects Ltd. The Courtyard Mariott Hotel building will be replaced by this mix-use space after careful demolition and designing.
The project will feature a total of 988 residential units and 289 hotel suites. The residential units will be designed to fulfill all requirements with 10 percent allocation for bachelor units, 62 percent for one-bedroom, 18 percent for two bedrooms as well as 10 percent for three-bedroom units.
The residents will enjoy a host of indoor amenities which will cover an area of over 21,000 square feet and outdoor amenities of over 11,000 square feet. Vehicle owners will face no hassle either as the residents will also have their underground parking area with over 700 parking spaces. The development will also have a restaurant inside the complex to enjoy delicious cuisines. The entire complex will span the city block. And, for the convenience of the pedestrians, the project will include a promenade along the east side for ease.
The developers are known to design world-class structures with premium furnishes and luxurious living. More details of the project will be released subsequently as the condos are still in the pre-construction stage.
Location and Neighborhood
The neighborhood certainly happens to be one of the best and most convenient ones in the city. Yonge street enjoys the label of being one of the most vibrant and premium areas of Toronto. It is located at the intersection of Bay Street and Grosvenor Street in downtown Toronto. The site is located within the historic Yonge Street Heritage Conservation District. This stretch will bring convenience to the doorstep of the residents. Hence, the residents can enjoy contemporary convenience with a heritage feel.
The residents will enjoy easy access to the Eaton Centre, which is a major shopping and food hub. The premium Yorkville neighborhood and Church and Wellesley Village are also a mere distance away. There are a number of facilities such as shopping, dining, and entertainment options available nearby. Thus, leaving no dearth of choice for the residents.
There are many schools in the nearby area. Parks are in the nearby vicinity for those looking for rest and peace. Popular parks such as Alexander Street Parkette, Joseph Sheard Parkette, and College Park are just a few steps away. For those looking for some rental income and an investment opportunity, this site will be the best choice as it is highly accessible to students and regular office goers.
Accessibility and Highlights
Apart from being located in a premium neighborhood, these Toronto condos have the perfect accessibility for all kinds of commute options. 475 Yonge Street has a perfect walk score of 100, meaning the residents can access all that they need to walk up to every convenience they need and desire without breaking a sweat. The region has the perfect transit score of 100 meaning access to all and every kind of transit system that Toronto offers. The neighborhood also has a Bike score of 75, meaning it is easy on those who prefer to bike as well.
The condos are just a step away from the Toronto subway. This is also an attractive investment for those looking to attract the University students rental market as the condos are at a walking distance from Ryerson University and the University of Toronto. It is also a short distance from Commercial hubs like the Financial District and Bay Street Corridor.
About the Developer
KingSett Capital is one of the most successful real estate developers in Canada. They own a highly successful venture with plenty of futuristic development projects. The firm possesses a magnificent portfolio of over 3700 urban centers. It specializes in mix-use, residential, retail, commercial and industrial development projects in major urban areas. They focus on the satisfaction of the residents in the complexes they build, with efficient functioning and a sustainable approach. Some of the impressive development projects from the firm in the past have been YC Condominiums, Yonge Sheppard Centre, St. Michael’s College, 700 Bay, and many more.