Property Address
Description
Condo Project Summary
This upcoming condo project is located in the heart of Brampton’s rapidly growing downtown.
241 Queen Street East Condos is a multi-tower pre-construction development by Solmar Development Corp., in Brampton. Featuring four 35-storey towers offering 1,590 units, this site will also feature a new daycare, retail space, and medical office. The address is 241 Queen St E, which is just a little east of Kennedy Rd S.
Savvy investors will pounce upon this well-placed project, which enjoys fantastic job opportunities, access to public transit, and excellent shopping convenience. Downtown Brampton anticipates incredible growth, which is why large-scale projects like this one are cropping up. Invest early to reap the biggest benefits in the future.
Amenities
241 Queen St E condos features four high-rise residential towers plus a standalone low-rise medical building. The condo buildings will be 35 storeys high with 1-storey podiums and offer 1,590 units in total. Buildings A and B will have 398 units each, and Buildings C and D will have 397 units each. The medical offices will be in a 4-storey building at the south end of the site.
The entire project will be built in three phases: the first will include the two condos at the north end of the site, the second will include the two other condos, and the third will consist of the low-rise medical building.
Residential units will be offered in one- and two-bedroom layouts. Details about unit sizes, finishes, and features are to be determined, but based on previous projects by this developer, we can expect high-quality and sophisticated designs that will suit individuals and families.
Ample amenities will be provided across 21,000 square feet of indoor and 46,000 square feet of outdoor space. These will include fitness studios, party lounges, and podium-top terraces that offer relaxing outdoor spaces for residents to enjoy. In addition, Buildings A and B will have retail space at grade facing Queen St E and a new daycare centre in Building D.
Five levels of underground parking will provide 1,575 vehicle spaces and 800 bike spaces. There will also be 948 lockers offered.
Location & Neighbourhood
241 Queen St E Condos enjoys a strong walk score of 74 out of 100, meaning that this area is very walkable with plenty of nearby conveniences. Queen St boasts Zum bus rapid transit service, and it’s only two stops to Main St and Downtown Brampton’s terminal station, which provides access to GO and VIA Rail trains as well as Brampton Transit buses. By taking the Kitchener GO line, it takes approximately 1 hour to get to Union Station from the Brampton Innovation District GO.
Hwy 410 is less than 2 km east of the site, connecting easily to Hwy 407 and 401. Additionally, Toronto Pearson Airport is about a 15-minute drive away, making it easy to catch flights. The airport is also the epicentre of a significant economic zone, generating plenty of job opportunities in its immediate surroundings.
In addition, Queen St is an arterial road and commercial corridor. You can find many shops, restaurants, and businesses along this street. Various grocery and dining options reflect the diversity of Brampton — within walking distance, many ethnic supermarkets sell Caribbean, African, and Indian ingredients. Big box stores like No Frills, Food Basics, and Foodland provide added convenience.
While many plazas are nearby, including Kennedy Square Mall, Bramrose Square, and Kingspoint Plaza, the city’s biggest draw is undoubtedly Bramalea City Centre. Located just 3 km away on Queen St E, this sprawling shopping centre is one of the largest malls in the GTA, with nearly 350 shops, restaurants, and entertainment options. It is a major employment zone and tourist attraction that draws shoppers from all over the city. Another important feature nearby is Peel Memorial Hospital. This medical hub provides even more job opportunities in healthcare. It is also within walking distance.
Downtown Brampton is an Urban Growth Centre, designated by the Province of Ontario. This means that the government has targeted this area for massive population and job growth. We can confidently expect the city to reach its target of 195% growth by 2031. Projects like 241 Queen St E Condos offer a valuable opportunity to invest early in Brampton’s bright future as one of Ontario’s fastest-growing cities.
Investors will also be pleased to note the busy student rental market offered here. Algoma University’s Brampton campus is less than 2 km from the condo site. This post-secondary institution is expanding its footprint in Brampton, meaning more and more students will attend. This offers an opportunity to rent condo units to its growing student body. Additionally, Sheridan College and Sault College both have Brampton campuses that are a short drive or accessible bus ride away.