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63 Montclair Avenue Condos
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Condo Project Summary
This new condo project is a ew pair of condo towers in Mid-town Toronto.
63 Montclair Avenue Condos is a new Condominium development by Parallax Development Corporation in Toronto. This pre-construction project is located at 63 Montclair Avenue in the historic Forest Hill neighbourhood, which will sit two blocks north of St. Clair West subway station.
The plan aims to develop two towers that are 21 and 23 storeys in height with a total of 634 units. The project will be designed by IBI Group on behalf of Parallax Development Corporation.
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The two towers will be connected by a 5 to 8 storey base with a total gross floor residential area space of approximately 42,000 square feet. This large area of land will enable the developers to build the 634 units that will accommodate 61 studios, 378 one bedrooms, 129 two bedrooms, and 66 three plus bedrooms.
To accommodate City goals for growing families, the towers will offer about 30% family-sized units, where about 20% will be reserved as two bedroom units and 10% as three bedroom units.
63 Montclair Avenue Condos will have a 3-level underground garage that can accommodate 190 residential parking spaces and 15 visitor spaces. There will also be room for 635 bicycle parking, along with the convenience of having the St. Clair West subway station and the 512 St. Clair street car routes nearby to offset any residential or guest car needs.
To enhance the towers will be a set of north-south walking routes that will be publicly accessible and built along the site's western and eastern lot sections. The walkways provide opportunities to connect to other nearby neighbourhoods.
Location & Neighbourhood
63 Montclair Avenue Condos site is located in one of Toronto’s most prestigious districts - Forest Hill. The site is specifically located in the Forest Hill South area within walking distance to some of Toronto’s luxury neighbourhoods where larger mansion-style homes prevail.
Forest Hill is known to have some of the country’s top schools, including private schools such as Upper Canada College for boys, and Bishop Strachan School for girls. Forest Hill offers a lot of charm and character to the city where some of Toronto’s wealthiest reside. The local population has increased recently with the build of new condo developments, which is projected to see a 2.8% boost in population.
Many of the local stores in the neighbourhood offer high-end boutique-style shopping with a small town feel within the larger urban environment of Toronto. The area has many parks that provide appeal to both singles and families.
Commuting is easy with subway stops at Davisville, Eglinton, St. Clair West and St. Clair Stations, which are closeby. There are several bus and streetcar routes nearby, including the 24-hour Bathurst route. Also, for those traveling by car, the Allen Expressway is easily available from Eglinton Avenue West. The completion of the Eglinton Crosstown LRT will also make getting around that much more convenient. The LRT presents an opportunity to live close to a major transit hub early in development.
Investing in 63 Montclair is a smart move, especially for those who enjoy living in an upscale area in one of Toronto’s top neighbourhoods.
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63 Montclair Avenue Condo Developer
With over 35 years of trusted experience Parallax has developed and repositioned multiple properties throughout Canada and the United States. Founded in 1981, Parallax has built and repositioned many diverse assets such as commercial, mixed use and residential developments including high-rise and mid-rise condominiums. With attention to detail and the ability to look at a project from multiple angles, Parallax is able to create and conceptualize projects that maximize value. Parallax has proudly completed over 75 projects throughout its history and has many projects currently under development.
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