68 Wellesley Street East Condos

About 68 Wellesley Street East Condos Development

68 Wellesley Street East Condos is a new condos development that is currently in the pre-construction phase by KingSett Capital, located at 68 Wellesley Street East, Toronto, ON. These condos are currently in the pre-construction phase, offering a mix of heritage pride and modern design. This project’s estimated completion date is still unknown.

Key Takeaways

• 68 Wellesley Street East Condos is a transformative high-rise development in Toronto’s Church-Wellesley Village, promising to merge modern living with respect for the neighborhood’s heritage.
• The architecture of the new 28-storey tower will include preserved elements of the historic William McBean Terrace, with a design featuring wave-like balconies and copper-hued metal panels.
• The development offers 258 residential units with varied layouts, ground-floor retail space, a second-floor community space, and robust transport links including the nearby Wellesley Subway Station.

Location and Neighbourhood Highlights

68 Wellesley Street East Condos, strategically situated at the northeast corner of Church and Wellesley streets, promise an unparalleled urban experience. The iconic Church-Wellesley Village, renowned for its dynamic LGBTQ2S+ community, envelopes the site, offering residents an inclusive cultural district right at their doorstep on Wellesley St E.

The neighbourhood, traditionally dominated by buildings ranging from two to five stories, is currently witnessing a significant transformation. High-rise towers such as 68 Wellesley Street East Condos symbolize more than a shift towards higher-density living; they represent a respectful blending of the Village’s heritage elements into the city’s evolving landscape.

Building Design and Architecture

BDP Quadrangle’s meticulous planning and design have led to the architectural brilliance of 68 Wellesley Street East Condos. The proposed design beautifully preserves the historic features of the William McBean Terrace and will retain iconic elements including the second-floor façade and mansard roof, integrating them seamlessly with the contemporary architecture of the new tower.

The 28-storey mixed-use tower exhibits a modern aesthetic characterized by:

• Wave-like curved balconies that add a touch of dynamism to the structure
• A new three-storey base will be constructed above the existing heritage building
• Metal panels with a copper hue, perfectly complement the new street-level frontage.

Historic Features Preservation

The 68 Wellesley Street East Condos development places great emphasis on preserving Toronto’s architectural heritage. The iconic William McBean Terrace, an integral part of Toronto’s architectural heritage, has been carefully incorporated into the design of the new structure.

Key historic features such as the second-floor facade and the mansard roof are retained, ensuring a respectful nod to the past while embracing the future. Such an approach honours and celebrates the site’s history within the context of modern development, striking a perfect balance between old and new, and preserving its iconic elements.

Condo Units and Layouts

The 68 Wellesley Street East condo development, boasting a total Gross Floor Area (GFA) of 17,523m², guarantees spacious and comfortable living spaces. The development is set to include 258 residential units, offering a variety of options to cater to different needs and preferences.

Although specific unit sizes and layouts have not been detailed, the development plans entail a full replacement of the current rental units. This will contribute to a total of 258 new residential dwellings, creating a vibrant and diverse residential community right in the heart of the city.

Amenities and Community Space

68 Wellesley Street East condos’ ground floor will feature 388 square meters of retail space, enhancing the local streetscape and offering convenience to residents. An exciting addition to the project is the planned 232-square-meter community expansion space on the second level.

Serving as an expansion for the adjacent 519 Community Hub, residents will have access to a vibrant community space right within their building. This expansion of The 519 community area is planned as an in-kind community benefit and forms a part of the development agreement requiring approval.

Furthermore, the 68 Wellesley will incorporate 435.4 square meters of indoor amenity space and 158 square meters of outdoor amenity space for residents, fostering a well-rounded living experience.

Transportation and Accessibility

Boasting a prime location, the 68 Wellesley Street East development provides easy access to major Toronto streets, such as Church Street and Wellesley Street East. The Wellesley Subway Station, part of the Yonge Line 1, is situated just 215 meters west of the condos, allowing residents fast and easy public transit across Toronto.

Beyond the subway, the developments ensure excellent public transit availability to residents, including the 94 Wellesley bus route. As part of TTC’s 10-minute network, it offers frequent service and enhanced citywide connectivity.

The growth also promotes urban cycling with a robust network of east-west bicycle lanes on Wellesley Street and connecting routes on Yonge and Sherbourne Streets, with ample bicycle parking spaces and a dedicated bicycle maintenance facility.

The Developer

KingSett Capital is the esteemed developer behind the 68 Wellesley Street East Condos project. As a prominent real estate investor, KingSett Capital brings a wealth of experience in:

• investments
• financing
• asset management

The company has a track record of creating substantial value through diverse real estate strategies such as:

• income
• growth
• urban
• mortgage
• residential growth
• affordable housing

With an impressive portfolio boasting over $5 billion in outstanding loan commitments, KingSett Capital provides financing solutions across various asset classes at different stages of growth in Canada.

Summary

The 68 Wellesley Street East Condos is a testament to the evolution of urban living, blending history, modern design, and community spirit. With an ideal location, unique architectural design, and a host of amenities, it promises to be a significant addition to Toronto’s skyline.

While the units are still in the pre-construction phase, it has already garnered considerable attention for their commitment to preserving historic elements and fostering an inclusive community. As we await further details on the project’s timeline, it is clear that 68 Wellesley Street East Condos is set to be a landmark growth in Toronto’s Church-Wellesley Village.

Frequently Asked Questions

Where is 68 Wellesley Street East Condos located?

68 Wellesley Street East Condos is located at the northeast corner of Church and Wellesley Streets, in the heart of Toronto’s Church-Wellesley Village. You can find it in the vibrant area of Toronto.

Who is the developer for 68 Wellesley Street East Condos?

For 68 Wellesley Street East Condos is KingSett Capital.

What is the current status of the project?

The current status is that it is in the pre-construction phase.

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