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Line 5 Condos

1 Star2 Stars3 Stars4 Stars5 Stars (41 votes, average: 3.34 out of 5)
117 Broadway Ave, Toronto, ON M4P 1V3
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Condo Project Summary

Line 5 is the first phase of a two-tower condo project that is being developed by Reserve Properties in collaboration with Westdale Properties. This highly anticipated joint venture is designed by preeminent firms IBI Group and U31. Line 5 Condos is a pre-construction at Yonge and EglintonThis condo development responds directly to the fundamental changes in the way Torontonians live their lives. This includes innovative amenities such as a social-club that acts as co-working space during the day, a tuck-shop café in the lobby and a dedicated lane for ride-sharing apps like Uber and Lyft. Phase I is selling this fall. Phase II is selling soon!

The building will make a whopping 990 units available in a wide range of layouts from studio to 3 bedroom plans plus a selection  of townhomes to be released later. Each suite will feature a balcony and all units with dens will be optimized to fit a pull-out couch. Making this preconstruction condo project ideal for a variety of lifestyles.

This is the perfect time to invest in a spacious development placed in an urbanizing, populated area that is showing no signs of slowing down any time soon. This is easily one of the city’s most flourishing neighbourhoods.

Line 5 Condos
New Condo Development at 117 Broadway Ave, Toronto, ON M4P 1V3

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The high-rise building will boast modern architecture, with sleek glass panelling. Its minimalist exterior will fit in seamlessly with the ongoing urbanization of the area. However, it will also set itself apart with its podium, chic exterior, luxurious interior and grandiose size. This project’s uniqueness is plain to see.

The development will be comprised of two towers, respectively 36 and 33 storeys, linked by a 9 storey podium. Each tower will have its own podium as well, at 6 and 8 storeys. With the two towers, the development will take up the spaces on 117 Broadway Avenue, and stand 110 metres and 112.8 metres tall. Luxurious mechanical penthouses will also be available in the towers. The proposed residential gross floor area will be a ground total of 665,425 square feet.

The site is currently inhabited by two rental apartment buildings on the site. The towers will replace the 131 rental units within its whooping 990 units being made available. Suites will be available in a wide variety of layouts, making the development suitable to all lifestyles. The allocated balance of sizes will be as follows; 178 bachelors approximately 347 to 538 square feet, 442 one-bedroom suites ranging from 509 to 554 square feet, 284 two-bedroom suites range from 628 to 926 square feet, and 86 three or more bedrooms ranging from 899 to 926 square feet.

Residents will additionally have a generous 3.8 square metres of amenities per unit, comprised of indoor and outdoor spaces. Ground floor amenities will consist of 24-hour conceirge, juice and coffee bar, fitness studio, personal training studio, spa lounge, and much more.

Seventh floor amenities will consist of 2 outdoor BBQ and dining lounges, party lounge, catering kitchen , art studio, and outdoor theatre.

Ninth floor amenities will consist of outdoor pool and lounge, outdoor BBQ and dining lounge, outdoor games lounge and much more.

Additionally, 402 parking spaces will be available in 3-level underground garage. and cyclists will be able to make the most of a gracious 990 bike spaces.

There is no denying the diversity and luxury this development promises. Investors will want to act quickly when it comes to this project that accommodates so many and is so expertly located.

Although the bustling area offers plentiful entertainment, residents will find it seamless travelling into the city. The development will be nearby the LRT, and is still a walk away from the central Yonge and Eglinton subway station. Residents will find it easy to travel in any direction from this location, making the project ideal for a wide variety of lifestyles.

Considering the project will offer unit sizes ranging from studio to three bedrooms, it will truly attract everyone and anyone. From the student with a roommate, to a business professional to a new family, investors will want to take not of the wide scope of residents the development will attract.

Students will not have to stress about early and late night classes ever again, having seamless travel into the city’s major university campuses not limited to University of Toronto, Ryerson University and OCAD. Business professionals will similarly enjoy having such ideal access to the downtown area, while living slightly outside the city centre. These busy individuals will enjoy being able to remove themselves from the city while still being surrounded by entertainment -- and still have a seamless route to major hubs like the FInancial District and Entertainment District.

There has truly never been a more perfect time to invest in this neighbourhood, and this diverse development is a great place to start.

Location & Neighbourhood

Yonge and Eglinton is at the heart of the city, and according to a 2017 survey performed by Toronto Life, it is the highest ranked neighbourhood community in the GTA. This rating is based on crime rate, health, employment, entertainment, and people.

In addition to the schools, museums, and cinemas located nearby, this neighbourhood is also home to plenty of hip bars and restaurants. A line of parks also winds through the neighbourhood in the north, this includes Sherwood Park.

This neighbourhood is seeing a resurgence in area population as developers are preparing to take advantage of the underutilized region in anticipation of the Eglinton Crosstown LRT that will slice through North Toronto. Additionally,117 Broadway Avenue Condos have a near perfect 92/100 Walk Score and an excellent Transit Score with 89/100. There is a wide selection of grocery stores in the area, as well as many other shops. This means that no matter what you’re looking for, there’s a good chance you will be able to find it. The strong Transit Score accounts for the abundance of bus stops and Zip Car stations located in the area, yet we can expect a sharp increase upon the completion of the Eglinton Crosstown LRT. The Mount Pleasant LRT Station will be located only one block away from these condos. This will provide magnificent access to the entire GTA, and will make the Yonge and Eglinton neighbourhood a central transit hub. This newfound accessibility will be sure to have a tremendously positive impact on the neighbourhood, perhaps even making it the next hottest neighbourhood in town.

Choose Your Pre-construction Project Before It's Open To The Public

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Line 5 Condo Developers

Reserve Properties has an impressive portfolio that extends beyond Toronto to British Columbia, and back again to the other side of the continent in Florida. Their decades worth of experience informs each one of their decisions and can certainly be considered one of their greatest strengths. Their executive team is comprised of two family generations, and they represent many different expertise. They are an award winning developer, having been recognized by BILD and OHBA.

Read more about Reserve Properties.

This developer has 60 years of experience in owning, managing and developing real estate across Canada. A few of these propertes are located in major Canadian cities, Kingston, Amherstview, Brockville, and Dartmouth in Nova Scotia. Westdale Properties is committed to their partners, suppliers and tenants in every step of each project. Some of their popular joint ventures consist of the Nobu Residences, Theory Condos and Sage Condo developments in Waterloo.

Read more about Westdale Properties.

Reserve Properties
Westdale Properties

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