8 Wellesley Residences on Yonge - One of the best luxury projects launching in 2021. The demand for projects like this always higher than supply and it's always an excellent investment opportunity
In the heart of Toronto, a vibrant new condominium tower has begun the pre-construction phase. 8 Wellesley Residences on Yonge is a gorgeous new 55-story mixed-use tower at the corner of Wellesley and Yonge Street in the Church and Wellesley neighborhood.
Incorporating existing heritage architecture, sporting many amenities and shops and services within the building podium, and being centrally located in the heart of one of Toronto’s most vibrant neighborhoods makes this project a cut above. To find out more about why we’re so excited about 8 Wellesley Residence on Yonge!
8 Wellesley Condos Highlights:
- Step to the Yonge & Wellesley subway
- Close to the University of Toronto
- Close To Financial District
- Steps to parks, restaurants, banks, and entertainment
- High Walk score and transit score
Top Reasons to Invest in 8 Wellesley Residences on Yonge
Location - 8 Wellesley is located in a neighborhood known as Church and Wellesley, a sector of the downtown core known for its bustling city lifestyle. Just east of Queen’s Park, and running along Yonge Street, Church and Wellesley is a cultural hub for the city, as well as a youthful, energetic district. With the Ryerson University campus along its southern edge, UofT just a short walk away, Church and Wellesley area known for its quirky bars, fun nightlife. A place of historical significance, Church and Wellesley bringing a number of community events like Toronto’s world famous Pride right to 8 Wellesley’s doorsteps. Other nearby attractions like Massey Hall, and countless shops, restaurants and many more make Church and Wellesley an exciting, energetic place to live. Spend the afternoon getting inspired at the Art Gallery of Ontario, just a short walk away, or take in a movie at the charming Carlton Cinema. Concerts and all kinds of city events being hosted in the glitzy Yonge & Dundas Square, and overflowing into the rest of the city. Festivals, parades, and cultural events make this neighbourhood a vibrant urban centre. A great location for young professionals and families alike, Church and Wellesley is a hotspot for culture, but also for convenience. With the Eaton Centre , countless restaurants, Lowblaws and LCBOs, and Toronto General Hospital, Mount Sinai Hospital and the Hospital for Sick Children within just a few minutes walk, this area is singularly convenient. Parents will also be happy to know there are a number of schools within a short distance, from Church Street Junior Public School, to the Rosedale Day school, Jesse Ketchum Junior and Senior Public School, and many more within a short walk, or trip on the TTC.
Amenities - 8 Wellesley Residences on Yonge is a 55-storey condominium with 466 residential units. This building includes 283 one-bedroom units, 138 two-bedroom units, and 45 three-bedroom units. The first five floors will be a podium section, incorporating existing architecture and heritage facades from buildings on the property. This will bring a rustic, heritage feeling to the street level. This podium will incorporate a number of shops and retail opportunities along the street level as well, and also make room for the building’s 20,000 square feet of indoor and outdoor amenity space. Residents of 8 Wellesley will enjoy underground parking, as well as a gorgeous residential lobby and exclusive entrance. While a full list of amenities hasn’t yet been released, we expect more information soon.
Transit Options - The most famous, and busiest road in Toronto, Yonge Street, is one of the longest streets in the world, and begins at the shore of Lake Ontario, and carries all the way north to Barrie. Other major streets in Toronto, Dundas, Bloor, Queen, King, and University form a grid foundation for which the entire city’s transit network rests. Travelling across the GTA is simple even just from these main streets which carry off in every direction towards the eastern and western reaches of the GTA, like Scarborough, Durham Region, Etobicoke, Peel Region and Halton Region to the east and west, as well as York Region in the north. 8 Wellesley is located in a singularly convenient crossroads in Toronto. With Wellesley Station just across the street, it’s a simple walk to connect with the TTC. You can hop onto the subway in five minutes from your front door to just about anywhere in the city. Wellesley Station is part of the TTC Subway Line 1, which is directly downtown. From there, the entire GTA is at your fingertips! Take the TTC Subway Line 1 or Line 2 to Union Station, or up north, east or west to all the distant corners of the city.
The Developer - CentreCourt Developments is a relatively recent emergence on the Toronto Condominium scene, but they’ve made quite a splash since their founding in 2010. With projects already completed like INDX, Karma, and Peter Street Condos all within the downtown core, CentreCourt has established itself as a fixture of the Toronto skyline. Convinced the Toronto housing market won’t slow down any time soon, CentreCourt is pursuing new projects in the city with verve and excitement. Focusing on details, communication and hands-on decision making, CentreCourt is eager to continue to prove itself as one of Toronto’s most trusted developers.
Investment Opportunities - It’s projected that very soon Toronto will have the most high-rise condos in the world, and young professionals continue to find the downtown core and West End an attractive spot for starting a family and making a home. Toronto’s growth continues it’s upward trend, and so will Toronto’s most vibrant region. Nowhere is this likely to be more true than the Downtown Core, and with neighbourhoods like the Garden District, Cabbagetown and Church & Wellesley going through unprecedented change and construction, now is an excellent time to look into investment in the area. Condo prices in Toronto sit healthily in the high $400K range, and continue to grow by about 10% every year. With this robust and ambitious plan, CentreCourt is looking to build a community that will stand the test of time right in the heart of the city. And with so many draws, like Universities, Campuses and Businesses so close by, this will always be an attractive area for students and young professionals looking for an easy commute. Church and Wellesley is in high demand. Great sky-scraping condominiums have radically changed the area over the last twenty years, and this densification is only expected to continue. With such character and charm, the area is a sought-after place for people of all types to set down roots, and an attractive place for students to rent during their post-secondary careers. This makes investment in homes in the area a wise investment.