Toronto waterfront condos present a unique opportunity to live in the city and, at the same time, enjoy a spectacular view of Lake Ontario. After all, you don’t need to invest in a cottage when you have all that at your doorstep.
In the past, Toronto’s waterfront was pretty much unutilized. In the last ten years or so, developers got more involved in waterfront areas and built many new residential condo units. Even today, there are still many new development projects within the waterfront areas. As a result, there is quite an offer of waterfront condos by real estate agencies such as Condo Mapper International.
Each waterfront neighborhood is different and has its perks. Here is a brief introduction to some of the most popular waterfront neighborhoods and some upcoming ones.
Humber Bay is one of those neighborhoods that is located east of Etobicoke. It is a community with contemporary towers, featuring glaring views of Lake Ontario. Almost all of those condo towers are within walking distance from the Mimico Cruising Club, Humber Bay Park East, and Humber Bay Shores.
The area between Parliament Street and Yonge that runs along Queen’s Quay East is known as East Bayfront. There are several developments underway in this area. It is a central waterfront area with a striking urban vibe that will get even better and more popular as the new developments come to life.
Tridel’s Aquabella is one of the recent development that seems very popular and has everyone’s attention. It is a luxury boutique building whose prime position enables an unparalleled view of Lake Ontario. Plus, each suite features spacious terracing, which further elevates its appeal.
Speaking of trendy waterfront neighborhoods, the Daniels Waterfront is also making waves on its own. The two residential high-rises are a mix of commercial and residential units. A big part of the high-rises is a commercial space for cultural-related organizations and arts. Plus, there is a campus space occupied by OCAD and Brown College University, where they teach their digital media programs.
Pier 27 and Fernbrook Homes also fall in the same popular waterfront category with their waterfront luxury tower. Its striking architecture is truly unique.
In addition to all that, a lot more is planned in this part of Toronto. For example, there is a mega project bound to happen near Lakeshore Boulevard East and Yonge Street. It is a project initiated by Menkes that, when completed, will include six condo towers that will feature community, retail, and residential space. Plus, the development plan consists of a huge public park. Upon the completion of the project, there will be more than 5,000 new residential units. A good percentage of the new units will feature a waterfront view.
Well-connected, vibrant, and tranquil, the waterfront neighborhoods are always in demand, despite the coronavirus pandemic. The units sold there do cost more, but then again, the perks are immense, as well as the available amenities. It is easy to see why people want to live there.