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Lake and Town
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Townhome Project Summary
If you love waterfront, this upcoming project is one you will want to keep your eyes peeled for.
Lake and Town is an urban townhome development headed to the The New Toronto neighbourhood of Etobicoke. The development from Menkes is slated to stand at 225 Birmingham Street, nestled at the Lake Shore Boulevard and Islington Avenue intersection.
With 200 units, this community will be the perfect addition to the region located near Etobicoke’s stunning lakeshore. Etobicoke is an administrative district on the rise, with its multiple pockets seeing significant development in recent years. This is the perfect opportunity to invest in the region.
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Lake and Town is an expansive and unique addition to Etobicoke. The development will include 12 building blocks, all standing at 3 storeys.
The twelve blocks of townhomes will together surround a designated outdoor amenity space for residents. The space is anticipated to span roughly 835 square metres. Having this kind of communal space is the best way to encourage harmony and togetherness in a community.
Comprised of 200 units in total, the townhome mix will be 100 two-bedroom and 100 three-bedroom units. They will respectively span 1,162 square feet and 1,345 square feet. The community will total a gross floor area of 25,890 square feet. 242 parking spots can be expected for the site, with 210 for residents and 32 designated for visitors.
Lake & Town will provide an urban feel to a pocket that’s well connected to the downtown core. Investors will want to take note of this well-rounded development that’s bound to attract families, students and young professionals who are all looking to establish roots in a region that achieves the perfect work-life balance.
Key features and finishes that you will find at Lake & Town in South Etobicoke are unique and innovative contemporary architecture, secured community underground parking garage with visitor parking, as well as additional visitor parking at grade, oak staircase, Quartz countertops with breakfast counter, stainless steel appliance package, 9ft ceiling heights on main levels and wood deck flooring on private roof top terraces.
Location & Neighbourhood
This development is slated for New Toronto, a neighbourhood in the southern part of Ontario’s expansive city of Etobicoke. Located by Lake Ontario, the area is particularly scenic and peaceful -- a welcome change from the hustle and bustle of the city core.
There’s a lot to love about this area, which is home to a population of 11,463 -- which is a 5.2% increase from 2011 to 2016.
The location also provides a clear route to the subway via Line 2’s Islington station. Additionally, the development is located about midway between Long Branch and Mimico GO Train stations. The Mimico GO Train is only two stops to Union station, with regular service getting you downtown in 15 minutes.
Mimico GO currently has over 2,000 daily riders and it is expected to have 4,000 riders by 2031! Humber College’s Lakeshore Campus is minutes away from Lake & Town. This is ideal for students with roommates, as this is nearby the Lake Shore campus of Humber College - easy travel which is an 8 minute walk. This particular campus of the institution is home to 10,600 students with only 400 living in residence. Early morning and late night classes will be no obstacle at this prime location.
It is also worth mentioning that the Lake Shore streetcar will ensure only a half-hour travel time into Toronto. This is a major reason as to why more families are looking to establish roots in the region. This makes it easy for families, and young adults to get home at a reasonable time, as well as for families with students who are looking to stay at home while getting a post secondary education.
After all, Humber College has 1,629 full-time employees under its wings -- and is actually one of Canada’s Greenest Employers of 2018.
Majority of the population -- 46% to be exact -- are of working age, between the ages of 25 and 54. This makes sense, as working professionals with families are able to commute with ease either via transit (TTC or GO) or car, due to proximity to highways. Highways like HWY 401, HWY 407, and the QEW are all routed through the region.
AlthoughLake Shore Blvd is a five minute walk away, Boasting a strip of local restaurant options. There is also an Ikea not too far from the development.
Sherway Gardens promises to be residents’ walk-in closet, at over 50,000 square feet with 200 stores and 8,445,054 monthly customers. The mall also boasts a Saks Fifth Avenue -- one of only two in Canada -- as well as a Nordstroms.
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Lake and Town Developer
Menkes is a Toronto based developer with six decades of experience under their belt. After starting off building and developing single family homes, they expanded into the creation of residential, condominium, commercial and industrial projects. A jack of all trades, they have stretched their legs in all facets of the industry. They are widely recognized as the force behind North York’s City Centre, a community where they have created 21 towers.
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