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8 Gloucester Condos

1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 5.00 out of 5)
Developers
Location
8 Gloucester St, Toronto, ON M4Y 1L5
Condo Prices From CAD
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Condo Project Summary

This new development project is a pre-construction condominium proposed by Angel Developments for the Church and Wellesley neighbourhood.
8 Gloucester Condos is scheduled for a 2021 occupancy.

The site of this proposed building sits at the northeast corner of Yonge and Gloucester Streets. The site includes a historic building known as the Masonic Hall Lofts, a charming heritage conversion featuring five stories and a classic redbrick façade. The lofts will be retained as part of the proposal, with the modern condominium component situated next to the structure. Two other buildings on the site – Victorian era storefronts that currently house a restaurant and a nightclub – are slated to be rehabilitated and incorporated into the new building’s façade, where they will continue to be used for commercial space.

 

8 Gloucester Condos
Condo Project at 8 Gloucester St, Toronto, ON

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Amenities

Meanwhile, the modern tower will feature a brick and glass façade designed by celebrity architectural firm Hariri Pontarini Architects. Their design will represent a sensitive and character-rich compliment to the surrounding streetscape, which is within the Yonge Street Character Area. The proposal calls for a 34-storey tower with 232 residential units. The unit mix is expected to consist of 112 bachelor units, 60 one-bedroom, 31 two-bedroom and 29 three-bedroom units, in addition to the 20 existing condo units in the Masonic Lofts building.

The developers are also proposing 4,274 square feet of indoor amenities on the second and third levels, a 2,443-square-foot outdoor amenity terrace on the third level and the enhancement of a public park on the site. A four-level underground parking garage will be incorporated with 66 parking spaces for vehicles and 238 lockers for bicycles. A new public art feature will add character and intrigue to the street.

Condo Life Style at Church and Wellesley neighbourhood

Location & Neighbourhood

There are so many reasons we love condominiums in the Church and Wellesley neighbourhood. It’s a vibrant downtown pocket filled with sidewalk patios, produce stands, eclectic shops and a cheerful, neighbourly vibe. Almost everything you need on a day-to-day basis is at your fingertips, including a state-of-the-art Loblaws supermarket spanning 85,000 square-feet.

Some of the city’s coolest neighbourhoods are within walking distance, including the historic Cabbagetown and the glamorous shopping and dining district of Yorkville. The site of this new development scores a perfect 100/100 on its Transit Score, as its within walking distance to both Wellesley station and the Bloor and Yonge intersection, which provides subway service in all four directions. From here, getting to the city’s Financial District and other high-density employment centers downtown takes a mere ten minutes.

Both the University of Toronto and Ryerson University – which continues to expand throughout the downtown area, creating a culture of innovation and youthfulness – are a short walk or subway ride away as well, widening the potential tenant population in this neighbourhood even further.

Condos in the Church and Wellesley area score some of the highest resale appreciations in the city and command top rental rates, thanks to their prime urban location where world-class shopping, dining, entertainment and transit are only steps away. With the number of similar developments to this one in the works nearby, this trend only seems to be growing. We also love the tasteful combination of the restored heritage buildings with contemporary upgrades that we are seeing more of in the neighbourhood, creating a unique streetscape.

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8 Gloucester Condo Developer

Angel Developments is a Toronto-based development firm that favours dynamic urban locations for their projects. They believe a strong city thrives because of its ability to adapt to the needs of modern residents, while retaining the charm and function that has shaped it historically. We’re excited to see how they bring their skill set to their latest development.

Angel Developments

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