Everyone wants a view, whether they're living in the country, in a beachfront resort town, or here in downtown Toronto. With so much of the shoreline of Lake Ontario there for the development, Toronto condo developers are always looking to put up the newest, most attractive waterfront condominiums to attract those who want an upscale address and a water view to brag about. If you're willing to shell out for the best, one of these new waterfront condo developments might be your brand new home.
The Distillery District, which was once a commercial district on the downtown Toronto waterfront, will soon be a hotspot for Toronto condos as the factories and warehouses are snapped up by developers and turned into condos. One of the biggest projects in this area is the West Don Lands development. It includes not only condos but also public parks, schools, and workplaces where once there was only decaying industrial land. Although there will eventually be upwards of 6,000 condos in this area, River City is expected to be the first.
The building will be located on several acres fronting the Don River, offering great waterfront views, and featuring unique and interesting architecture along with amenities like a swimming pool and a party lounge, all with LEED Gold certifications to prove its lessened impact on the environment. Prices for this Toronto real estate are expected to be in the $180,000 to $770,000 range with hundreds of units going up for sale soon, as the first building is expected to be move in ready some time in 2012.
The Ocean Club
It's not merely the downtown area, which is traditionally known as the waterfront, which offers waterfront condo living anymore. There's also plenty of waterfrontage in Etobicoke, Mississauga, and along the rivers that is also being developed to meet the steep demand for condos and lofts. Toronto's newest waterfront developments include the Ocean Club, which will be located in Etobicoke along the Humber Shores area. In addition to water views, it will also offer boardwalks and beachfront access to its residents.
The tower itself is expected to be 37 storeys, made mostly of glass, and to feel more like a five star hotel than your typical condo development. There is also expected to be such amenities as workout facilities, guest suites, in indoor swimming pool, a restaurant, and even a theater. If you're looking to plug a purchase of an Ocean Club condo into a mortgage calculator in Toronto, the units will start at more than $200,000. Altogether there will be just over 450 units and they're expecting pre-purchasers will be able to move in sometime in 2014, but you had better move quickly if you want to snap up a unit.
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