181 East is a new condominium by Stafford Homes and Greybrook Realty Partners coming soon to 181 Sheppard Avenue East in North York. As one of the first developments to launch since provincial lockdown restrictions have eased, the boutique development has already received a lot of interest from prospective homebuyers and registrants who are back in the market.
“We’re incredibly overwhelmed by the positive response that we’ve received about the quality and unique design of 181 east,” said Jonathan Goldman, President of Stafford Homes. “This area deserves something better; something that stands out. And this time more than ever in our climate we now realize how very important your home can be and we are so very proud to be a part of that.”
The past few months have been a challenge for the new home industry as sales centres and model homes were forced to close and project launches had to be delayed. However, even as sales slowed through the spring season, new condo prices continued to rise, increasing over 26 percent in May. The trend continued in June as the resale market has already shown, with the gains in housing prices seen last month erasing almost all the price losses caused by the pandemic through the spring.
The latest data show sales figures across the country are mostly on their way back up as markets rebound, with Toronto leading the way with transactions rising 83.8 percent in June compared to the previous month. And it wasn’t just sales that recovered. According to the Canadian Real Estate Association (CREA), the average price for a home sold in June was close to $539,000, a 6.5 percent increase from the same month a year ago.
Situated at the corner of Sheppard Avenue East and Willowdale Avenue, 181 East boasts elegant architecture, sophisticated interiors and an amenity-rich location. The 185-unit project will launch sales this summer and prospective homebuyers are invited to register online for the latest updates and to gain priority status.
Developed by an experienced team including Stafford Homes, Greybrook Realty Partners, The Condo Store, IBI Group Architects and Johnson Chou Inc, 181 East offers the convenience and luxury of condo living, built with careful attention to detail.
The building’s midrise profile blends harmoniously with the existing neighbourhood, yet exudes elegance with its clean lines and playful pops of colour. Designed to elevate and add a contemporary touch to the neighbourhood, the development features modern dark-trimmed windows, ground level retail spaces and tiered terraces adorned with greenery.
The exterior’s modern lines and elegance are echoed indoors where spaces by Johnson Chou are warm and inviting. The calming lobby is lined with field elm wood slats, a softly lit marble concierge desk, and a glass panel feature wall that adds architectural interest to the space.
Down the hallway is a convenient co-working space, ideal for entrepreneurs and those who work from home. The multi-use amenity is equipped with open desks for collaborative work, a cozy nook with a backlit curved bookcase for reading or relaxation, and individual office spaces behind the common area that can be reserved for private meetings.
The suites at 181 East offer a variety of floorplans with open-concept layouts, functional living spaces and expansive views in all directions. Units have unobstructed views west and south towards downtown Toronto, while the north views look out over low-rise residential neighbourhoods and green spaces.
Homebuyers can choose from a collection of colour palettes curated by Johnson Chou to suit all tastes and styles. The ‘Modern’ colour scheme sports a crisp white kitchen and light flooring. For added visual appeal, the ‘Transitional’ scheme pairs darker lower cabinets with lighter uppers.
Situated in the heart of North York at the crossroads of art, fashion, sport, food and entertainment, residents of 181 East will have easy access to all the area has to offer. Exclusive shops, trendy restaurants and highly-sought after services are steps from your front door. Nearby landmarks include Bayview Village Shopping Centre, home to Pusateri’s Fine Foods, Oliver & Bonacini Café Grill and Goa Indian Farm Kitchen. Or, head northwest towards Mel Lastman Square, just 20 minutes away on foot. The bustling area is lined with shops and services and is a cultural hub with art, theatre and music festivals throughout the year.
To learn more about 181 East, visit 181east.ca to register.
For more information, call 416 461 6100 or email firstname.lastname@example.org.