Property Address
Description
Condo Project Summary
This new condo development is re-establishing a heritage asset in east Toronto, bringing together past and present.
641 Queen Street East Condos is a new mid-rise condominium by Streetcar Developments in Toronto. This nine-storey pre -construction condo with 85 units will be located at 641 Queen St E, in the Riverdale neighbourhood. Units consist of loft, one-bedroom, two-bedroom, and two-bedroom + den suites.
Situated on the cusp of central Toronto in a gentrification hotspot, on the south side of Queen Street, a block east of the Don Valley Parkway. Residents at this address are sure to encounter significant change in the years to come.
Amenities
Two classic Toronto brick buildings currently reside at 641-653 Queen Street East, with a parking lot in between. As the development of 641 Queen Street East Condos proceeds, these traditional buildings will be carefully restored and connected across the front, eliminating the parking area.
The result will be an impressive renewed historic frontage. Five street-level retail units will be present, and a contemporary glass condominium of nine storeys will rise behind them.
Upon entering this condo development from Queen Street East, residents will encounter a generous lobby. A parcel room will also be present for ease of use.
An indoor amenity space of 1,543 square feet will provide an area for either fitness exploration or group gatherings. Bicycle parking will be available on this level, as well as two residential suites.
This condo residence is taking the place of current rental units, and nine rental replacement units will be present along with 85 market suites.
A green roof onsite will aid environmental measures set out by the city. Residents will also benefit from open-air terraces on the fifth and sixth floors. Sunlight and open skies will be easy to access at any hour of the day.
For added convenience, 14 vehicle parking spaces will also be available onsite.
As a condominium that blends well with the existing mid-rise building context already present along Queen Street East, this development will bring revitalized appeal to an underutilized stretch of the city. Furthermore, new retail opportunities will enhance the local commercial environment. This change will provide pedestrians with an augmented shopping experience while transforming the street front’s visual appeal.
This condo project promises to bring new life to a blossoming area through careful reconstruction and restoration. Those who choose to invest in real estate at this address are seizing a great opportunity.
Location & Neighbourhood
Riverdale is a community in southeast Toronto full of character. This condo development resides in Riverside, an area of South Riverdale undergoing growth and transformation. Walking these streets, it’s easy for residents to encounter contrasts. The remnants of Toronto’s past come face-to-face with its burgeoning future. Old vacant lots and seemingly abandoned brick buildings are juxtaposed with vibrant new boutiques and specialty cafés delivering cutting-edge goods and services.
Condo residents can bask in neighbourhood friendliness at The Dark Horse Espresso Bar just steps away. Relax and sip some of the best coffee and espresso in the city. Fresh sourdough bread, meals, gourmet groceries, and delicious baked goods complement high-quality drinks along with free WiFi.
Other nearby destinations include leading health and wellness at Oma Chiropractic. Fresh juice is at your fingertips at Boost Bar Café, and modern culinary delights soothe the soul at Prohibition Social House.
Joel Weeks Park provides locals with greenery in a large community square. Respite comes complete with a splash pad, playground, and shaded areas. The Lower Don Valley Trail is also accessible on foot or by bicycle. Residents can easily bike, hike, or walk after a long day’s work alongside the rippling river. For entertainment, locals can access live music at the Opera House. This is one of Toronto’s leading musical venues, located just a few short blocks away.
The deep allure of this location is also its presence on the cusp of Toronto’s downtown core. Urban professionals as first-time buyers will want to take note.
Just across the river, residents can connect with St. Lawrence Market in 15 minutes by transit, as well as the renowned Distillery District.
A Walk Score of 78/100 indicates most errands in this area can be done on foot. In addition, residents can benefit from a fantastic Transit Score of 92/100. Union Station is a twenty-minute ride away and the future Ontario Line will also be within a short walking distance of these condos. This line will run from Exhibition (Ontario Place) to the Science Centre, connecting southern Toronto with its northeastern corner. Residents will benefit from increased travel options across the city by 2030 when this line is set to be operational.
The City of Toronto is projected to grow considerably in the coming decades. Locations such as this present striking opportunities to invest in real estate before this area experiences its complete transformation. The presence of a growing number of high-end services along this stretch of Queen Street East and its proximity to the downtown core with a slightly more affordable price make this condo project a solid opportunity.
Change is coming, and striking while the deal is hot is wise. Riverside is experiencing a rapid retrofit transformation through gentrification, and now is the time to act.