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502 Adelaide St West Condos

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502 Adelaide St W, Toronto, ON M5V 1T2
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Condo Project Summary

A new development is slated to stand at Adelaide and Portland, and you can’t beat its placement in the city. 502 Adelaide St West Condos is located in the heart of Toronto, the site is undeniably central, and ideal for experiencing all the food, shopping and entertainment the community has to offer.

The project, of which the developer has not yet been announced, will sit at 502 Adelaide Street West and 119-123 Portland Street. It will be a proposed 45 metres high with 14 storeys, and boast design by Sweeney & Co.

Investors will want to keep an eye on the development which is projected to be mixed-use, with retail space at its podium and ample residential space sitting on top.

502 Adelaide St West Condos
New Condo Project at 502 Adelaide St W, Toronto, ON M5V 1T2

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This sleek, expansive development is ideal for those in the city especially due to its wide variety of unit layouts being offered. Residents will have their choice of proposed 1 one-bedroom suites, 56 two-bedroom suites, 15 two-bedroom suites with dens, and 27 three-bedrooms. The project truly will suit any living arrangement or lifestyle.

The building will have a total of a whopping 105 residential units available and buyers and investors will want to act quickly. After all, students, business professionals and young families alike will all see advantages in this dwelling that promises to have something for everyone.

The at grade ground floor of the project will act as retail space, fronting Adelaide Street. The floor will ultimately hold 2,906.26 sq. ft. of retail, another aspect that will peak investor interest. As mentioned, floors two through to 14 will house residences. Residents will be able to utilize an accumulated 4,521 sq. ft. of outdoor amenity space.



Life style at Adelaide and Portland

Residents can also expect to have parking options, as the building has proposed 32 parking spaces in the underground garage’s second level. Cyclists can also start looking forward to the proposed 106 bicycle spaces slated for the mezzanine level.

The urban-minded development will replaced Adelaide’s single-storey commercial building that was once occupied by a Para Paints store. It will also take the place on a strip along Portland where three 2-storey row houses currently stand. These dwellings have already been considered and it has been deemed that they do not contribute to the impending King Spadina Heritage Conservation District. In short, it looks like the area can look forward to some sleek, modern rejuvenation.

The building’s minimalist, sleek exterior complete with glass panelling allows it to fit right in with the modern developments that have already started to make home in the city. Investors will want to keep an eye on the already flourishing neighbourhood that never fails to outdo itself with urban additions that bring something truly special to the city.

Location & Neighbourhood

You really can’t beat this tower’s location of King and Spadina -- and its impressive walk score of 99 out of 100 proves it. Tack on its transit score of 100 and you can guarantee that investors will want to pay attention to the variety of residents this development will attract.

Students, business professionals and families alike will all flock to this project located in the center of it all.

Early morning and late night classes won’t be an object for students who will find themselves steps away from public transit like the TTC to get to and from school. Campus’ of the city’s major universities like Ryerson University, University of Toronto and OCAD will be easily accessible to students. Even transit to York University will be seamless thanks to the subway extension.

Business professionals will also thrive at this location, being close to the plentiful opportunities to succeed in hubs like the Financial District and Entertainment district. The options will be at their fingertips.

Proving that the development truly has something for everyone, families will also enjoy the location being close to schools, entertainment and parks like Victoria Square Park and Carr Street Parkette. The spacious three bedroom units make it possible for a wide range of residents to make a life for themselves as the project truly accommodates all lifestyles.

As if the location isn’t prime enough, being in the King and Spadina area will leave residents with a wealth of entertainment opportunities. In fact, the area is a hub for nightlife, food and drink. Lavish luxurious restaurants and bars occupy the neighbourhood, as well as more student friendly hubs like the sausage house, Vrst. Plenty of bars also have a home on the strip that cater to different budgets. Although, the area does boast considerably high end options for business dinners, date night and eventful weekend nights out.

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