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183 Avenue Road Condos
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Condo Project Summary
There is something particularly lavish yet quaint about boutique developments in the city that are expertly located in a largely walkable neighbourhood.
183 Avenue Road Condos is a mid-rise development projected for the luxurious Summerhill neighbourhood, slated to stand at 183 Avenue Road. It is projected to span 183-189 Avenue Road and 109-111 Pears Avenue. It will be placed north of Davenport, at the southeast corner of Avenue Road and Pears Avenue.
As the building won’t have any bachelor or one-bedroom suites, this project puts emphasis on a luxurious energy, by housing uncharacteristically large units in such an affluent area. Investors will want to keep an eye on this unique and centrally located development bound to attract families.
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183 Avenue Road development boasts unique architectural design from BBB Architects and ERA Architects, that involves ample greenery by placing lucious shrubs on the scenic terraces of the building,
Its aesthetic balances minimalist and luxurious elements, plain to see from its lush greenery to its greyscale panelings. Its greenery provides a charismatic and urban dynamic, which is something new to the area while also fitting in effortlessly. This development is unique in stature, and both interior and exterior design, making it a promising investment opportunity well located in the city.
The boutique condo will be comprised of up to 22 units, and stand 149 ft tall. 183 Avenue Road condominium development is projected to house uncharacteristically- large condo units, making it different from the rest in the city simply due to its approach to suite space.
The unit mix will include 1 one bedroom condo, 9 two-bedroom units, 10 three-bedroom units, and 2 four-bedroom units. The size range will range 1,284 square feet to 3,585 square feet -- making even the minimum size substantially generous for Toronto.
Due to the fact that most of the grandiose suites will have large balconies and terraces, no amenity spaces have been proposed for the building. The structure will boast 443 square metres of commercial space at floor level, and 43 parking spaces in an underground garage.
183 Avenue Road residential area will span 6,951 square feet, with 447 square feet worth of retail at grade. Investors will want to pay close attention to this uncharacteristically spacious, mixed-use condo with notably large units.
Location & Neighbourhood
It comes as little surprise that second largest portion of the neighbourhoods population, 19 percent, is between the ages of 25 and 34. This goes to prove that the area is prime real estate for young professionals looking to set roots in one of Toronto’s most sophisticated areas.
In terms of entertainment, the area is perfect for weeknight drinks with coworkers or weekend date nights. A wealth of dining options are merely steps away from the site -- that’s right, residents will have the leisure of being able to walk to enjoy a fine-dining experience or even to grab drinks. Of course, these options are merely a 10-15 minute walk away as all these restaurants are truly around the corner from your doorstep.
Located in the Summerhill neighbourhood and close to Yorkville, Yorkville is regarded as one of the city’s most elite areas -- it is the 6th smallest neighbourhood in Toronto, with an average household income of over $100K. It is commonly regarded as one of Toronto’s most affluent neighbourhoods, making it the perfect location for this luxurious boutique development.
With its prime location steps away from Line 2’s Bay Station, the building’s site puts you right in the heart of the city with all of its job opportunities at arms length away. After all -- it is right by Toronto’s bustling Financial District, and a short subway ride to its Entertainment District. These both are defined as major career hubs in the city. The development boasts a Walk Score of 94 out of 100 and a Transit Score of 92 out of 100 making its overall core nearly unbeatable.
It’s this proximity to job opportunities -- both walkable and commutable -- and the buildings wealth of big units, that make it incredibly family friendly. It is particularly ideal for business professionals with young families.
Nearby restaurants include Cibo, Sassafraz, Cafe Nervosa, Buca, Mark McEwan’s ONE Restaurant and Planta. Pubs like Hemingways, one of the areas most long lasting establishments, are also in the area -- but not many can beat this gem’s rooftop patio. Cafes like the vegan friendly Sorelle are also available in the neighbourhood, with other options like Balzacs also a 15 minute walk away.
The shops along Bloor are also easily accessible, as the main strip trip of retailers is a brisk 15 minute walk away. Some budget friendly retailer options include Zara, H&m, and The Gap. However, the strip is notable for its high-end options like Holt Renfrew, Harry Rosen, Tiffany and Prada to name a few. A Nordstrom Rack location has also just opened at this location, making it the second in Ontario.
This elegant neighbourhood has boasted a lavish lifestyle for an incredibly long time, and it shows no signs of slowing down in terms. We are only seeing more developments headed to the area that increase the community’s value. Investors will want to consider this project that is inherently unique in suite size, and valuable due to its central address in such a prominent neighbourhood. This is a site perfect for young business professionals setting roots in the city with plans to grow a family.
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