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412 Marlee Avenue Condos
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Condo Project Summary
This new vibrant condo project is the latest condo addition to Marlee Avenue, and will bring life to the predominantly low-rise neighbourhood.
412 Marlee Avenue Condo is a new mid-rise condominium by ALTREE Developments in North York. This pre-construction project will be located at 412 Marlee Ave, Near Glencairn & Marlee Avenue intersection in the Glen Park neighborhood. The development will be a modern 10-storey building featuring 190 units. It is a great area for many growing families, young professionals and empty-nesters alike.
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412 Marlee Avenue Condos is a rejuvenation to the predominantly low-rise bungalows in this area. The structure's exterior is sure to be a spectacle in the classic, red brick, clad community.
Investors can expect unit layouts to consist of one-bedroom, two-bedroom and three-bedroom deluxe residences. Like ALTREE’s other developments, this project is expected to include underground parking, bicycle spots and storage lockers.
Like many of this developer’s other projects, 412 Marlee Avenue is expected to be a modern mid-rise structure, with dark toned stones. We can only expect the interior suites to come with modern features and finishes and bright, spacious layouts. One can also anticipate the condo to feature balconies, terraces and gardens available for residences to occupy.
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Location & Neighbourhood
412 Marlee Avenue Condos is located at Yorkdale-Glen Park neighbourhood. There are many new developments along this street that are popping up, making this area the start of a thriving transformation. This neighbourhood is known for its leafy streets and local amenities. It also provides access to major road arteries including Allen Road, just one minute east of this development and Highway 401 to the north.
There are many great neighbourhoods nearby including Lawrence Heights immediately north and Forest Hill just south. This area will sit just south of one of North York’s biggest transformation projects, a 100-acre redevelopment of the neighbourhood surrounding Yorkdale Shopping Centre. This redevelopment project will bring in new residential, retail and employment opportunities, giving residents here a chance to work close to home. Not to mention, Yorkdale mall, Canada’s third largest and most exclusive shopping mall is only a 7-minute drive from the condo.
This growing area has already seen many proposals for new residential developments as well as a new community centre and secondary school. Known as a quaint, family-friendly community, residents here will find many schools nearby including Glen Park Public School, West Preparatory Junior Public School, Fieldstone Day School, Forest Hill Collegiate Institute and D’Arcy McGee Catholic School - these are just some of the schools closeby.
This area offers a Walk Score of 61 out of 100 and a Transit Score of 82 out of 100. This means that this area is considered very walkable and provides excellent public transit options. This Transit Score is largely due to Glencairn Station, which is just a five minute walk away from this development site. Additionally, the Eglinton Crosstown LRT will be just one stop away from Line 1’s Glencairn Station. Transit here will be incredibly convenient and this Transit Score will be sure to increase by 2021.
The region mostly features detached houses, which can be seen in its real estate as they accounted for 77% of home sales last year. However, condos are on the rise, as they made up 10% of total home sales last year and are expected to increase in the years to come. This neighbourhood will be a great investment opportunity after the arrival of the new LRT line and its close proximity to the downtown core, and employment opportunities. Developers are already noticing, and they’re taking action by proposing projects along streets like Marlee Avenue. If places like The Annex or Yorkville are any indication, this could be set to become Toronto’s next majorly affluent neighbourhood.
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412 Marlee Avenue Condo Developer
ALTREE Developments is a full-service development company deeply rooted in the industry, dating back to the 1950s. This developer has infiltrated almost every aspect of the real estate industry by consistently going above and beyond, expectations and identifying opportunities to enhance neighbourhoods and connected communities.
They have built multiple high-rise and low-rise developments throughout Ontario and The United States. They also provide services in construction management, planning and development.
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