Property Address
Description
Condo Project Summary
This new condo development is transforming Central Newmarket in an area facing considerable residential, commercial, and institutional growth.
55 Eagle Street Condos is a new townhouse and condo project by Millford Development Limited in Newmarket. This pre-construction project is located at 55 Eagle St, on the Yonge St and Eagle St intersection and will consist of several buildings of three storeys each.
Most buildings will be condo-townhome developments, and one building, a condo-triplex. These condos are placed within an Urban Growth Centre (UGC) facing progressive change and present an optimal real estate investment opportunity.
Amenities
Varying floor plans will be available across several amassed developments.
Residential units will be allocated as follows:
- 20 units (one building)
- 6 units (seven buildings)
- 4 units (two buildings)
- 3 units (one building)
Details on the specific indoor and outdoor amenities to be offered remain to be announced, but these are certain to be alluring. Newmarket is home to many new housing options, and we can expect these condos to deliver attractive perks on par with market demand in the Greater Toronto Area (GTA).
Amenities are sure to include indoor and outdoor gathering spaces where residents can relax, rejuvenate, and celebrate together. Fitness facilities may be on offer, as well as small work-from-home shared office spaces for added convenience. Some planning material has shown a proposed pond area at one side of the site, adding natural appeal.
55 Eagle Street Condos will have a highly curated finishes inside their suites, with top-quality kitchens and bathrooms. Attention to detail and contemporary designs that elevate living standards are sure to be at the forefront of these condominiums.
Location & Neighbourhood
The 55 Eagle Street Condos is situated in Central Newmarket, a family-friendly suburban location full of growth. As one of twenty-five Urban Growth Centres identified by the Province of Ontario, this location is ideal for considering investing in condo real estate.
The Yonge Street/Davis Drive area is a significant strategic gateway into the area’s downtown. Eagle Street is at the southern end of a commercial strip filled with new development, including numerous modern plazas and big-name retail destinations such as Canadian Tire, Walmart, the Home Depot, and Costco. Residents will have the best in today’s shopping experience just outside their front door.
The Upper Canada Mall, anchored by Hudson’s Bay, is also nearby, offering over 200 brand-name lifestyle, home decor, and fashion stores. Residents can easily find exactly what they need from Apple, to Zara, Aritzia, and others.
Additional attractive destinations include the greenery of Eldred King Gardens and Haskett Park. Walking paths, tennis courts, and playing fields provide locals with activity and entertainment. Residents can also benefit from Wesley Brooks Conservation Area, within a short driving distance, and the Ray Twinney Recreation Complex with a swimming pool, two ice rinks, and playing fields.
For added convenience, Newmarket GO Station is strategically located just seven minutes away by car, offering connections to downtown Toronto and beyond. This station connects riders with the Barrie GO line, which will be electrified shortly for faster, quieter service throughout Ontario.
Newmarket is facing sizable growth on many fronts. The Southlake Regional Health Centre is a significant employer in the area, driving change. The centre’s CreateIT Now healthcare innovation hub is inviting breakthroughs in health sciences with the potential for worldwide recognition. As this centre grows, more people will be drawn to it for jobs and require high-quality housing nearby, for which these condos will be the perfect solution.
In addition, the Davis Drive and Yonge Street corridors are seeing significant development. The Davis Drive vivaNext Rapidway and the Yonge Street Viva Rapidway transit projects are complete and provide independent transit lanes on important thoroughfares for fast and easy travel. With pedestrian-friendly boulevards and open spaces, these lively corridors connect the community like never before. Due to its presence, multiple residential and office developments have grown around this area, and many more are in the pipeline for approval or are now under construction.
Investors will also want to know that Newmarket has its municipally-owned internet service provider, ENVI. This is transforming the town into an Intelligent Community with ultra-high speed internet along its Gigabit Corridor. This lays the groundwork for further business opportunities and economic growth in surprising ways.
Finally, Newmarket is one of just a few Ontario municipalities holding an approved Community Energy Plan. This plan is focused on improving the efficiency, stability, and reliability of energy costs for a profitable tomorrow. Financial programs for energy efficiency retrofits and solar power access are set to come as well as the potential for an overall District Energy Strategy for designated areas in town.
Newmarket is an ideal location for those seeking a home outside the hustle of the city yet within an area full of growth. Because this town sits strategically between the urban centre of Toronto and the northern gateway of Barrie, it will undoubtedly continue to witness exciting transformation. Now is the ideal time to invest in this prominent route to the future on the cusp of change.