SmartVMC’s Park Place, A Smart Investment Decision


As the GTA continues to grow at unprecedented rates, becoming one of the most sought-after places in the country to live, learn, work and play, the City of Vaughan is showing itself to be the crowning jewel of this blossoming region. Nowhere is this as clear as at Vaughan Corporate Centre, a new pristine transit-oriented community in the heart of Vaughan.

So What's The SmartVMC Anyway?

Given the name "downtown north," this master-planned mixed-use community creates an urban downtown within the suburbs. SmartLiving, SmartCentres REIT's residential sub-brand and CentreCourt Developments are the masterminds behind this remarkable 100-acre project. With such an excellent track record, we know to expect livability, sustainability, and prosperity from these well-renowned developers. 

Conveniently surrounded by big-box stores, this locale will soon have over 20-million-square feet of residential, retail and commercial space. Plus, a beautiful 9-acre park will act as a focal point in the centre of this development. There will be multiple mixed-use towers that will create the ideal place to live, work and play.


With fantastic living spaces, jobs, shopping opportunities, and a vast park, there is no better place to raise a family, settle down, or diversify your investment portfolio. When considering if investing in SmartVMC is the right choice for you, note that by 2031 this urban growth centre will be home to 1.5 million square feet of contemporary commercial office space and 750,000 square feet of brand new retail space. This boom will create jobs for 11,500 people, all of which will want to live close to work. In total, the population of the VMC is expected to reach 45,000, creating a vibrant, sought-after community.

Park Place, Today's Hottest Investment Opportunity

This incredibly popular project is receiving a new addition in the form of Park Place Condos, a stunning condominium development located at the corner of Highway 7 and Commerce Street. Park Place will have two elegant towers of 48 and 56 storeys, adding a much anticipated 1,100 units and 10,000 square feet of retail space to this bustling locale.

The curvy design of the towers by Hariri Pontarini emanates taste and grace, with horizontal fins that wrap around the podium and continue as fritted glass along the tower giving the building a unique touch. The building's interior, also designed by Pontarini, continues this display of elegance with an attention to detail never before seen. This development will provide luxury condo living in such short supply in Vaughan, making it a great opportunity for investment.

Consisting of one-bedroom and two-bedroom suites, this development will appeal to various lifestyles, from young professionals to growing families. Suites will have superb layouts and flawlessly curated rooms.


Residents will be spoiled with more than 40,000 square feet of state-of-the-art amenities, including a gym, yoga studio, wellness spaces and a cycle lab. Staying fit has never been easier. There will also be a lounge and games room, both the perfect place to invite guests. A spacious outdoor terrace will wow residents with stunning views, plush seating, and modern outdoor cooking appliances. As a bonus, all common areas will have WiFi.

SmartVMC is being built with the future in mind, and Park Place is no exception. This condo aims for the highest environmental standards, focusing on efficient and minimal energy use. In addition, Park Place sits in a walkable and bikeable neighbourhood designed for pedestrian comfort.

A Transit Hub Fit for a Metropolis

This outstanding development sits beside the new Spadina-York subway extension located at Highway 7, between Jane and Highway 400, that takes locals to the heart of Toronto and across the GTA in no time. From the VMC, York University is only ten minutes away, while getting to the University of Toronto and Toronto's Financial District takes about 45 minutes. Professionals and students will find this condo project very appealing.


This transit-oriented community is also home to the SmartVMC Bus Terminal. This 9-bay YRT terminal connects TTC, VIVA, YRT, and ZUM services. What's more, VIVA's Highway 7 bus rapid transit line is also mere minutes away on Commerce Street. Thus, the whole GTA is easily accessible from Park Place.

Motorists will also find Park Place an ideal location due to its proximity to highway 400, 7, and 407, allowing them to travel in and out of Vaughan quickly.

This ideal transit hub makes this condo a great investment choice.

Location, Location, Location

Park Place will become part of a mixed-use community with all the urban amenities you will ever need within walking distance. Residents will love this location's lively, vibrant atmosphere.

Vaughan's new city centre boasts:

  • Vaughan Public Library's new branch, the VMC Library
  • A new 70,000+ square foot YMCA
  • More than 105,000 square feet of Class A office space
  • Big-box stores including IKEA, Walmart, Costco, and HomeSense
  • Charming boutiques
  • A plethora of delicious eateries

As the neighbourhood continues to grow, more retail and restaurant locations will continue to open and delight residents.

Park Place is also located next to the centre of the future Central Park, giving residents access to wonderful green space and breathtaking views from their large windows.


Moreover, it takes ten minutes to drive to Vaughan Mills, the largest shopping mall in York Region. One of Canada's largest shopping malls, it hosts over 245 retails and services, including Pickle Barrel, Bass Pro Shops, Lindt Chocolate Shop, Adidas, Tommy Hilfiger, and Toys "R" Us, just to name a few.

There is always something fun to do in the surrounding area, with Canada's Wonderland, LEGOLAND, Playdium, and Cineplex Cinemas Vaughan a stone's throw away. People of all ages and demographics will find something to enjoy.

Another excellent feature of Vaughan is the Cortellucci Vaughan Hospital, the new addition to Mackenzie Health's two-site hospital model that just opened in 2021. Not only is it Vaughan's first hospital, it’s Canada's first smart technology hospital and the first net-new hospital built in Ontario in over 30 years. This top-of-the-line hospital acts as a major employment hub and a sign of Vaughan's illustrious future.


Invest Now, Before it's Too Late

Amazing investment opportunities like Park Place happen once in a blue moon and vanish as soon as they appear. Surrounded by office space, retail, community spaces, and fast, reliable transportation, Park Place will be an ideal, dynamic home. Invest in this impressive development node before you lose your chance to see staggering investment returns. To learn more about Park Place Condos, click here.