Toronto is a great city to live in, because of its size, economy, and cultural diversity – it is one of the world’s largest cities. Its many amenities include public transportation, excellent schools, top-notch healthcare services. The city is also one of the most expensive to live in, with the high cost of housing being a major issue. Regardless, Toronto has long been a place of opportunity for investors, from its early Industrial Revolution days to its current position as a global city.
Since 2014, the Toronto real estate value has skyrocketed, resulting in additional construction investment opportunities. Many high-profile projects have recently gone into operation, with some of them still in the construction phase. Investors looking to get in on the action should read this guide to get a better understanding of what the latest Toronto construction projects are, and what kind of returns they could bring.
Why Real Estate?
Even with the lowest deposits, the real estate market delivers higher returns than the stock market. It provides a platform for investors to invest in one of the most lucrative tangible assets – property. While stocks are known to plummet and lose their entire value in the event of an unfortunate outcome, the real estate market has a long-term upward trend, even if prices fluctuate.
With a $25,000 deposit on a construction property, an investor could own a $250,000 asset, which if the real estate market increases by 20%, potential earnings would be $50,000. Compare that to the stock market; a 20% increase would only yield a $5,000 profit. With real estate, investors have low-risk, high-yield investment opportunities. That being stated, here are some construction projects worth considering.
Located at 89 Dundas Street, West, Mississauga, and situated close to Cooksville, ARTE condominiums provide one of the best investment opportunities in 2021, which also happens to be the year of its launching. This top project is in partnership with Daniel Mazzone, an internationally known artist, and is expected to be completed by 2025.
The building construction, which is part of a master-planned community with public transportation, blends innovation, quality, and affordability. It is also expected to create over 9,000 jobs and attract more than 50,000 additional residents. Cooksville GO Station is one stop away, Square One is five stops away, the ongoing Dundas LRT stop Construction is 300 meters away, and both Dundas and Hurontario Streets are just a few feet away.
This construction project comprises a 72-acre property with beautiful green space in the Port Credit region of Mississauga, GTA, that offers a variety of unique options and a total of 106 units for different needs and budgets. This project has a beautiful community of 3-story family homes, each with a unique design.
Brightwater Townhomes also features a parkette, a community pool, a playground, and of course, a waterfront with a view over the neighborhood for residents to enjoy. The credit for this project goes to the architects, Giannone Petricone Associates Inc, and the interior designer, Truong Ly Design. What’s more? It’s scheduled to open in April 2023.
Set in a scenic, transit-oriented development residential district in Toronto, The Goode provides 540 suites in addition to features, like a swimming pool, a fitness center, a lounge, a theatre room, a concierge, BBQ, shared working space, a terrace and pet amenities. These suites are designed to provide a comfortable and functional living experience to both residents and visitors.
The 32-story condo has a total area of over 20,000sqft. Due to its unique location in The Distillery District, this project has easy access to other current projects, like the new Toronto island, the Ontario Subway Line, East Harbour Transit Hub, and East Harbour Subway Line. The development of these structures will result in the creation of 50,000 jobs.
The Goode has a walk score of 94%, a bike score of 99%, and a transit score of 92%. It is expected to be completed in 2025.
House of Assembly
House of Assembly is a 17-story, 254-unit residential structure. This pre-construction building’s apartments range from 489 to 1,237sqft. The project’s location in Sterling Junction, a top culturally rich neighborhood in Toronto, will provide residents with easy access to all activities and places of interest in this vibrant area, including The Museum of Contemporary Art (MOCA).
Also, not leaving behind is the building’s jaw-dropping vista and breath-taking interior space provided, thanks to developers Greybrook Realty Partners and Marlin Springs Developments, architect Graziani + Corazza Architects Inc., and interior designer U31. The House of Assembly has a 65% walk score, a 96% bike score, and a 98% transit score. The occupancy date is slated for 2024.
The Dupont Condos
On the north side of Dupont Street is The Dupont Condos, a 9-story, 329-unit high-rise building, with a density of up to 1,309Sqft per unit. It has a total of over 16,000sqft, which each unit ranging from 541 to 1,309Sqft. But that’s not all. Speaking of language design, this building creates a captivating ambiance that matches the alluring scenic view its environment provides.
The complex is built to reflect an outdoor experience. With its unique façade and architecture, there’s no doubt about it; it is a gorgeous piece of art. With a mix of a modern, minimalistic aesthetic, which is credited to Tridel (developer), Turner Fleischer Architects, and U31 (interior designer), The Dupont Condos offers residents plenty of space and natural light.
The building’s location provides a walk score of 70%, a bike score of 93%, and a transit score of 81%. It is expected to be completed in 2025.
Sky Tower Pinnacle One Yonge
The Sky Tower, a 95-story high-rise luxury building with 3,885 units ranging in size from 518to 1,873Sqft, is the finest of the bunch. Situated on 1 Yonge Street, this skyscraper boasts 1.5 million sqft of office space, 160,000sqft of retail space, 80,000sqft of indoor and outdoor facilities, and a 50,000sqft community center.
That’s not all; the Sky Tower provides access to a courtyard with stunning landscapes and climate-controlled PATH leading to Union Station, thanks to the landscape architect, NAK Design Strategies. It also provides a lake view. The project comes with different floor plan layouts, a collaborative effort of developer Pinnacle International and Hariri Pontarini Architects.
Other aspects to consider is its walk score of 88%, bike score of 88%, and transit score of 100%.
From residential to commercial, there’s no doubt that the best developments are those being built in Canada’s most innovative city, Toronto. The skyline in the city is being continually altered, as more projects are being proposed or constructed. These projects make Toronto an even more appealing place to invest. If anyone is considering where and what to invest in, Toronto and real estate are excellent options.
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