The race to find the next up-and-coming neighbourhood is heating up as the demand for housing increases across the GTA. Located in the city’s east end, Danforth Square offers home buyers and investors the opportunity to settle into a rapidly-gentrifying area with access to transit, parks, schools and local amenities.
Time Development Group’s condominium and townhome community is positioned within a transportation hub. Go on foot or hop on the bus to reach the Victoria Park and Warden subway stations. For those who prefer to take GO transit, it’s easy to access the Danforth or Scarborough stations. The proposed Eglinton Crosstown LRT is also nearby and the service is expected to be operational by 2020.
The average condominium price per square foot in the east end has increased from $200 in 2005 to $500 in 2014, according to a sample of local project data obtained through RealNet. Along Kingston Road, condo prices per square foot are even higher at $600 plus parking. Danforth Square, however, remains affordable with suites from just $179,900. There is a clear trend of price appreciation reaching new heights in the area when looking at prices of project launches over a 10-year period. Purchasing a condo or townhome at Danforth Square is a great opportunity for investors to get into an emerging market now at ground floor pricing.
Located just north of the Danforth Avenue and Danforth Road intersection, the community offers easy access to Danforth Village to the west and the Scarborough Bluffs to the east. Nearby Kingston Road is currently undergoing a revitalization effort, with enhanced streetscapes, public and community art, improvements to transit, a bike path and additional green space. This too will encourage real estate prices to increase.
Designed by award-winning Kohn Partnership Architects, Inc., Danforth Square will feature a nine storey condominium tower with 190 units and urban ‘stacked’ towns. The interiors will be characterized by nine foot ceilings, stainless steel appliances, natural stone countertops, ceramic tiles, engineered hardwood flooring and designer cabinetry.
The development will offer over 8,200 square feet of social and recreational amenity space, including a party room, outdoor terrace, fitness centre, theatre room, rooftop garden and a business centre. Register online for the opportunity to preview Danforth Square before it’s released to the public.