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Condo Project Summary
This new condo development project will be a mixed-use development, so it will also bring plenty of employment and retail to the region as well.
M2M Condos is a pre-construction condominium development by Aoyuan International in North York. This new project is located at neighbourhood of Newtonbrook and has an occupancy date of February 2022.
It’s going to come in the form of two towers that will greatly densify the surrounding area. The towers will also be outfitted with some of the best amenities in the city, which is a trademark with this developer.
It has a healthy mix of housing, retail, and employment. It also has a lot of great transit options. This is definitely a consideration for the smart investor!
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Phase 1 will have two towers that rise out of a stepped podium the reaches its full height at 9 storeys. The northern tower will be the taller of the two, reaching up to 36 storeys, while the southern tower is 34 storeys tall.
This new condo development represents a major population injection as it will bring 810 additional units to the region. They will be divided into:
- 292 one-bedroom units
- 509 two-bedroom units
- 9 three-bedroom units
The fact that the majority of condos will be for two-bedroom units demonstrates a major shift in Toronto housing. As young people start their new families, they’ll be looking for homes that can accommodate their children. This is also a good consideration for investors.
There is ample amenity space in this building. The 3rd floor has:
- 1,879 square foot outdoor courtyard
- 9,407 square foot gym that will have a double tiered ceiling
The rest of the amenity space will be on the ninth floor. The indoor amenity space on the ninth floor will be divided into:
- Two rooms, with square footages of 1,830 and 1,191
- Rooftop communal terrace totalling with a pool 12,124 square feet
There will be retail at the ground level of this building, which will likely take the form of a grocery store.
There will also be 42,139 of office space located on the street-facing side of the building in between the 2nd and 8th floor.
Location & Neighbourhood
This new condominium project is located on the southeast corner of Yonge and Cummer at 5915 Yonge Street, and Phase 1 will be on the southern part of the site, bordering Turnberry Court. There is existing low-rise housing to the east of the site, existing high-rise housing to the south, existing low-rise commercial to the east, and the site for the future developments of this condominium project to the north.
The Centrepoint Mall is only a 15 minute walk northward, and it is a large shopping centre. It has 144 stores and services in its directory, and it is anchored by Canadian Tire, Lowe’s, Hudson’s Bay, and a No Frills. Centrepoint is also on the corner of Yonge and Steeles Avenue, which is a commercial centre in its own right. It scores a perfect 98 on its Transit Score.
If you head south from your new condo, you’ll reach Finch Station in only 7 minutes. This is the terminal station for the eastern side of Line 1 Yonge-University. That means that you’ll be able to reach Union station on the southern reaches of Downtown Toronto in only 30 minutes.
This new condo building is also close to major highways, making it a breeze to get around for drivers. They can easily reach the Ontario 401 Expressway via Bayview Avenue. The 401 can also connect motorists to the Don Valley Parkway, which is the veritable gateway into Toronto.
This development is going to bring much needed density to this part of North York, and it will be supported by the transit, commercial, and employment infrastructure in the area. The savvy investor would be wise to keep this project in mind when considering their next property.
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M2M Condo Developer
Aoyuan Property is the international branch of the Chinese Property Groups. It has become the most successful branch of the parent company, having eclipsed all the others. They started their international endeavours by building in Sydney Australia, but they have since begun developing in Canada and Hong Kong. They have been able to sustain success by hiring locally, and understanding the desires and requirements within each city in which they build.
Read more about this developer.
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