Property Address
Description
Condo Project Summary
You’re not going to get many more opportunities to own in a location like this. Most of the central downtown core has been developed, so this is one of the final chance to land a property that’s in the middle of it all.
Encore District Condos is located in the heart of the Entertainment District, which has become one of Toronto’s premier neighbourhood. With professional sport venues, top restaurants and bars, and so much more right around the corner, you don’t want to miss your opportunity to make this your next investment.
This condominium development is being developed by Plaza alongside their sister tower, Theatre District Condos. This will be a mixed-use development, with the first 23 floors being allocated to hotel use.
Amenities
This tower is located on the southwest corner of Adelaide Street West and Widmer Street, only a few steps away from the Canadian Walk of Fame. At 49 storeys, it will be a commanding presence in the surrounding neighbourhood.
Conceptualized by Quadrangle Architects, the first 23 floors of this project will be dedicated to a new hotel. The second and third floors will have hotel amenities, including an outdoor pool on the third floor that will be open to residential use. The hotel’s mechanical necessities will be located on the 23rd floor of the building.
The remaining floors will be allotted for permanent residential use. All of these floors will have an identical layout comprising of 9 units per floor. In total, this will consist of 25 one-bedroom units, 5 one plus den units, 125 two-bedroom units, and 25 three-bedroom units. These units will range in size from 531square feet to 878 square feet.
This condo project is following the local trend of building more units with two bedrooms or more, and that makes it an incredibly valuable investment. With their proximity to the Financial District, as well as the Toronto Subway System, these condominiums could be the perfect fit for young professionals who are either eager to begin their families, or perhaps just looking to live with roommates.
Location & Neighbourhood
This tower is located in the heart of the Entertainment District, which will put future residents only a few steps away from everything they could ever need. This is evident by the project’s perfect Walk Score and Transit Score of 100/100. This indicates that you can accomplish your daily errands without the use of a car.
There’s no overstating the phenomenal transformation that this neighbourhood has undergone. As of the end of 2017, there are more than 25,000 people living here, which is a dramatic increase in a neighbourhood that had fewer than 10,000 residents in 2010. This number is expected to continue growing, with the neighbourhood’s own study predicting that this population number will double in just 5 years. This may seem crazy, but the vision starts to become clear when you consider that there were 22,219 individual units under construction as of December 2017.
The employment growth has actually managed to outpace the residential growth over the past few years. The working population consists of 85,000 jobs in the area, and that number is expected to continue growing to 100,000 jobs in five years. Perhaps this is why the average household income in the area is an impressive $117,934
Aside from the pure statistics, this is a great place to live because the region manages to stay true to its name. The Entertainment District is the location of both the Rogers Centre and the Scotiabank Arena. Together, these stadiums host the most storied Toronto professional sports clubs: the Toronto Blue Jays, the Toronto Maple Leafs, and the Toronto Raptors. It’s also the location of the Ripley’s Believe it or Not Aquarium, and of course, the CN Tower.
It’s also easy to get around from here. St Andrew Subway Station is only an 8 minute walk away from 28 Widmer, and this connects you with the rest of the GTA. Drivers are in luck too, with the Gardiner Expressway only a short drive away.
Chances to own in this central location aren’t going to last forever, and with so many of the units being allocated to two-bedroom layouts, this is a perfect chance to invest in one of the hottest markets around. Connect with us today to learn more about this exciting project.