550 Adelaide Street East Condos
(6 votes, average: 3.67 out of 5)
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Condo Project Summary
This dynamic new condo will contain residential units to promote activity and community for this growing Toronto neighbourhood.
550 Adelaide Street East Condos is a new mixed-use condominium development in Toronto. This pre-construction project will sit at 550 Adelaide St E, near Parliament and Adelaide in the St. Lawrence Market neighbourhood. This 29-storey condo will offer exceptional connectivity to existing and future transit.
It will also add 240 luxury dwellings to an area expected to grow in the coming years. Buyers will have the opportunity to choose from 137 one-bedroom units, 73 two-bedroom units and 30 three-bedroom units.
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550 Adelaide Street East Condos is a unique opportunity for buyers and investors to get a hold of– with its mixed-uses and family-friendly amenities. Additionally, it will offer attractive and distinct facades, especially with the addition of a glossy auto showroom and dealership at ground level.
The first floor of the podium and associated mezzanine features over 1,000 square metres of commercial space for the dealership. Also on the first floor, separate from the dealership, is a distinguished residential entrance with a convenient concierge and lobby area for residents, providing access to elevators and the residential levels above. The second to fifth floors of the podium are predominantly residential, with the fourth and fifth floors housing indoor and outdoor amenity space as well as a green roof.
At the 4th level, a 120 square metre indoor amenity space will feature active recreational spaces connected to the outdoor amenity terrace. This expansive outdoor area can be used for yoga, outdoor fitness classes, or other forms of fitness and recreation. It will also be beautifully landscaped with trees and plants and provide a green roof.
At the 5th level, is a 335 square metre terrace which contains three outdoor private yet connected dining “rooms”. Plus, there will be an additional area that features seating oriented around a stunning outdoor fire pit which can be utilized all year-round. The terrace will provide scenic views of Old Town and its vibrant streetscape.
A total of 100 parking spaces are proposed at grade and in three levels of underground parking, accessed from a driveway along Berkeley Street. It will consist of 64 residential parking spaces and 36 commercial/visitor parking spaces.
The slender 29-storey tower will establish a landmark view from both the East and the West. It can be seen when traveling along Adelaide Street out of the Downtown and it also tapers on the east side to respond to the shape of the property making for an equally interesting view from the East.
Location & Neighbourhood
550 Adelaide Street East will sit in a charming neighbourhood suffused with exceptional conveniences, including shopping, employment opportunities, excellent transit, entertainment, and so much more. This site scores an impressive 94/100 walk score and a near perfect 97/100 transit score. This means almost all of your daily errands can be accomplished afoot.
Within walking distance, locals can access the surrounding distilleries, breweries, and cafes. It also sits relatively close to the landmark St.Lawrence Market, which is one of the largest and oldest public markets in Toronto. Operating since 1803, this is still an integral place for foodies and farmers alike. On the weekend, farmers from throughout Southern Ontario flock to these stalls to sell their fresh produce, and buyers come to visit and shop for hard-to-find deli’s and cheeses.
This condominium will sit in Old Town Toronto, a small neighbourhood with similar characteristics to its surrounding neighbourhood’s Corktown and St.Lawrence Market. Being downtown, this project is also close to some of the most vital employment centers in the GTA, including the Financial District. It will also sit close to the George Brown College on Lakeshore, making this an ideal location for students and business professionals to live.
This area is one of the remaining few with Victorian Era homes and architecture that is seeing major transformations. Investors and buyers alike should know that many new condo developments are popping up around the corner along with new transit infrastructure.
The condo’s location already provides its future residents with near-flawless transit thanks to local transit routes, including TTC buses and streetcars connecting with the subway and GO. These routes can quickly be found by walking to Adelaide, Sherbourne Street, King Street or Parliament Street. But that’s not all.
What’s more exciting is the coming of the new Ontario Line, which will provide a station in Corktown – just 250 metres from the condo. The Ontario Line is a planned subway line that will connect the Ontario Science Centre to the Exhibition and Ontario Place finding its way through Downtown Toronto. The line will be about 16 kilometres long and include 15 stations; including the “East Harbor” located just 1.5 kilometres east of the condo which will provide a seamless platform transfer to the GO Train network.
As downtown Toronto continues to grow, we can expect neighbourhoods such as this one to see significant transformations. The Ontario Line will undoubtedly attract more people to live along its path, and real estate like this is crucial as it offers employment opportunities and homes for the increasing population. As a modern and urban new condominium, 550 Adelaide Street East Condos is the recipe for a successful investment.
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550 Adelaide Street East Condo Developer
Information on this development company will be available soon.
