Buying a new construction home or condo has many benefits, from being able to choose colour palettes and finishes, to knowing that major structural defects are covered under your new home warranty. However, a challenge for many homebuyers is the wait that’s required for their new home or condo to be built. Construction can take anywhere from one year for a low-rise home in the suburbs to several years for a downtown high-rise.
Fortunately, many developers offer quick occupancy suites that can be purchased and moved into right away. This eliminates the long wait time and the risk of having two mortgages. And, in many cases, you’ll still have the option to customize features and finishes. If you’re interested in a new construction condo in downtown Toronto without the wait, here are seven developments with move-in ready suites.
1. The Harlowe
Developer: Lamb Development Corp.
Location: 618 Richmond Street West
Priced from: $569,900
The Harlowe is a warehouse-inspired loft on the northwest edge of Toronto’s Fashion District. Developed by Lamb Development Corp., the 14-storey residence was designed by CORE Architects and features a red brick facade inspired by the heritage warehouses that were common in the area. The industrial aesthetic is also evident in the use of large, black divided-light windows, double-height mullions and balconies that are suspended by steel cables.
The use of red brick is echoed in the interior common areas, while the developer’s signature use of exposed concrete walls and ceilings are found throughout the suites. Also standard are pre-finished engineered wood floors, stone surface countertops, glass or stone tile kitchen backsplashes and stainless steel appliances.
2. The Wyatt
Developer: The Daniels Corporation
Location: 20 Tubman Avenue
Priced from: $828,900
The Wyatt is one of the latest residential developments to join The Daniels Corporation’s transformation of Regent Park in Toronto’s downtown Eastside. Rising 27 storeys above Dundas Street East and Tubman Avenue, The Wyatt features a contemporary, black and white podium that extends to street level retail. The building’s entrance features a warm material palette of brick and wood, creating a welcoming atmosphere for residents and their guests. Available suites boast spacious one-bedroom-plus-den to three-bedroom designs.
Whether you’re a growing family, empty-nester or young professional, there are a variety of amenities to suit your needs. Experience a total-body workout in the bouldering cave — a horizontal climbing wall that requires no equipment. If hitting the treadmill is more your speed, check out The Wyatt’s state-of-the-art gym with a WELLBEATS™ studio. Additional amenities are found on the fourth floor where there’s a kids’ zone with a toy room, game zone, craft room and kitchenette.
3. Monde Condos
Developer: Great Gulf
Location: 12 Bonnycastle Street
Priced from: $1,228,990
Monde Condos by Great Gulf was one of the first residential developments constructed in the upcoming East Bayfront neighbourhood. Construction was completed in 2019 and only a few homes remain, including suites with lake views. The project’s architect, Moshe Safdie, is internationally renowned for his work on the Mamilla Alrov Center in Jerusalem, the Marina Bay Sands resort in Singapore and Habitat 67 in Montreal.
Inside, the development houses over 500 units with interiors designed by Cecconi Simone that boast custom kitchen cabinets with under-cabinet lighting, hybrid kitchen island/dining tables, granite or corian countertops and glass backsplashes. Amenities include an outdoor infinity edge pool with private cabanas, a fireside lounge, indoor and outdoor entertainment spaces, and a café promenade fronting Sherbourne Common Park.
Developed by Cityzen Development Group and Fernbrook Homes, Pier 27 is a master-planned waterfront community situated at the foot of Yonge Street. The first two phases consist of a series of architectsAlliance-designed mid-rise buildings connected by a glass and steel bridge, resulting in a unique and modern addition to the city’s waterfront.
Prospective homebuyers still have a wide range of move-in ready suites to choose from designed by Studio Munge. Each home includes 10-foot, smooth-finished ceilings, double-edged granite, marble or limestone kitchen countertops in a honed or polished finish, and designer appliances including a Sub-Zero, fully-integrated refrigerator and Miele built-in wall oven and cooktop. Amenities include a party room, games room and lounge, fitness centre, as well as indoor and outdoor swimming pools.
5. Ten York
Ten York by Tridel and Build Toronto is located on the northwest corner of Harbour Street and York Street — just a stone’s throw from the shores of Lake Ontario. The triangular-shaped tower by Wallman Architects features a sleek and modern design that rises 65 storeys into the Toronto skyline. Its central location places it within easy reach of the Waterfront Trail, Financial District and Union Station.
Residents also have access to a wealth of onsite amenities designed with health, rest and relaxation in mind. These are located in the Shore Club where residents can relax by the pool, rejuvenate in the spa or rehydrate themselves at the juice bar. Other amenities include a spin studio, cardio room, and a games and media room.
The development’s upper floors consist of an exclusive collection of Signature Suites with open-concept layouts and beautiful waterfront and city views. Each floor houses only six units, providing residents increased privacy and exclusivity. Only one Signature Suite remains, featuring 2,009 square feet of living space, two bedrooms, two-and-a-half bathrooms and a spacious laundry room. The lucky residents of this suite will enjoy panoramic views facing north through wall-to-wall windows, a gourmet kitchen with a large island, and a luxurious master retreat with two walk-in closets and a spa-like ensuite with a steam shower.
6. Studio 2
Developer: Aspen Ridge Homes
Location: 30 Nelson Street
Priced from: $3,559,990
Studio 2 is the second phase of Aspen Ridge’s two-tower, high-rise community in Toronto’s Entertainment District. The 41-storey residence features modern architecture by Quadrangle Architects, paired with contemporary-designed interiors by Mike Niven. Only one penthouse unit is available, spanning over 3,000 square feet with 10-foot ceilings, three bedrooms, luxurious ensuites and multiple balconies with stunning views of the city.
Amenities at Studio include a fully-equipped fitness centre, media lounge, bar, billiards room, outdoor terrace with barbecues, a dining and games room, and a yoga studio. There’s also a winter lounge with heated floors and his and hers saunas and steam rooms, providing a peaceful oasis in which to unwind before starting a yoga class or stepping into one of the outdoor hot tubs.
7. 88 Scott
Location: 88 Scott Street
Priced from: $4,288,000
Situated at Scott Street and Wellington Street West, 88 Scott is ideally located at the intersection of Toronto’s bustling Financial District and the charming St. Lawrence neighbourhood. The 58-storey tower by Concert was designed by Page + Steele IBI Group Architects with interiors by U31. Construction was completed in 2018 and the majority of the units are sold out, however, a collection of penthouse suites are still available.
Amenities at 88 Scott include a 24-hour concierge, lounge with coffee bar, state-of-the-art fitness studio with a central juice bar, and an infinity-edge indoor pool with an adjacent steam room and sauna. More amenities are found on the sixth floor Core Club, where residents will have access to a WiFi enabled lounge with a fireplace, billiards room and a private screening room. The two-storey Sky Lounge completes the onsite amenities with a 2,000-square-foot lounge space providing spectacular city views from the 46th and 47th floors.