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Condo Project Summary
Introducing a new condo project, a Toronto pre-construction condominium at 203 College, where a leafy university campus and a humming research and innovation district converge.Theory Condos is scheduled for occupancy in 2021.
Parallax’s application proposes a 33-storey development, comprised of a 30-storey tower grounded by a three-storey podium. The development will house 356 residential units in total, with 712 square metres of indoor amenity space, 444 square metres of outdoor amenity space and 2,328 square metres of retail and office space. 58 parking spaces will be provided below grade.
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The application proposes a variety of unit sizes, including 60 bachelor units, 34 one-bedroom units, 146 one-bedroom-plus den units, 87 two-bedroom units and 29 three-bedroom units. Square footage ranges from 400 to 800, with each unit in the tower having a private terrace.
This building will be white and linear in structure, with a sleek, glass-front podium. Page + Steele and IBI Group are the architectural firms behind the design, both experienced in the creation of urban condo communities.
Location & Neighbourhood
This downtown Toronto condominium is located in city’s Discovery District, an area generally bound by Spadina Avenue to the west, Bay Street to the east, Bloor Street West to the north and Dundas Street to the south. It includes the University of Toronto, MaRS, several hospitals and has become a hub for medical research and innovation.
Iconic neighbourhoods like bright, bustling Chinatown and the bohemian Kensington Market are only blocks away, perfect for an afternoon stroll. The site is steps from two major streetcar lines and a short ride to Queen’s Park Subway station.
The neighbourhood is actively growing. Between 2006 and 2011 it experienced a population growth of 8.3% (approximately 1,415 residents), nearly double the city’s growth rate in its entirety. The bulk of that growth fell under the “youth” population category, but the “working age” group still remains the largest in the neighbourhood. It’s an eclectic pocket, where students, faculty member, medical professionals and young families mingle.
Over the past few years, several dated retail and campus buildings in the area have undergone transformations, so the area is now a unique mix of Victorian rowhouses, the Gothic Revival architecture that marks the U of T campus and a sprinkling of modern condominium residences and architecturally-compelling medical buildings.
So much is in walking distance from this new condo building, including libraries, childcare facilities, schools and community centres which have programs for various age groups. There are close to 20 parks in the neighbourhood, giving future residents access to almost 15 hectares of greenspace. Come see for yourself why this downtown condominium development has everything going for it; style, location and innovation.
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Theory Condo Developer
Parallax is a real estate development and investment company based in Toronto.
Their projects span from upscale retail complexes to high and mid-rise condominium towers in downtown Toronto to redeveloped heritage buildings.
Read more about Parallax Development Corporation.
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