123 Portland Condos
123 Portland Condos is a new condominium development by Minto currently in pre-construction located at 123 Portland Street, Toronto in the Chinatown-Alexandra Park neighbourhood with a 98/100 walk score and a 100/100 transit score. 123 Portland Condos is designed by Sweeny & Co.. The project is 14 storeys tall and has a total of 118 suites.
Starting from $651,900
Buy With 5% Down
A new development is slated to stand at Adelaide and Portland, and you can’t beat its placement in the city. 123 Portland Street Condos is located in the heart of Toronto, the site is undeniably central, and ideal for experiencing all the food, shopping and entertainment the community has to offer.
The project will be developed by Minto Group and will sit at 123 Portland Street in the fashion district. It will be a proposed 45 metres high with 14 storeys, and boast design by Sweeney & Co.
Investors will want to keep an eye on the development which is projected to be mixed-use, with retail space at its podium and ample residential space sitting on top.
This sleek, expansive development is ideal for those in the city especially due to its wide variety of unit layouts being offered. Residents will have their choice of proposed 1 one-bedroom suites, 56 two-bedroom suites, 15 two-bedroom suites with dens, and 27 three-bedrooms. The project truly will suit any living arrangement or lifestyle.
The building will have a total of a whopping 105 residential units available and buyers and investors will want to act quickly. After all, students, business professionals and young families alike will all see advantages in this dwelling that promises to have something for everyone.
The at grade ground floor of the project will act as retail space, fronting Adelaide Street. The floor will ultimately hold 2,906.26 sq. ft. of retail, another aspect that will peak investor interest. As mentioned, floors two through to 14 will house residences. Residents will be able to utilize an accumulated 4,521 sq. ft. of outdoor amenity space.
Residents can also expect to have parking options, as the building has proposed 32 parking spaces in the underground garage’s second level. Cyclists can also start looking forward to the proposed 106 bicycle spaces slated for the mezzanine level.
The urban-minded development will replaced Adelaide’s single-storey commercial building that was once occupied by a Para Paints store. It will also take the place on a strip along Portland where three 2-storey row houses currently stand. These dwellings have already been considered and it has been deemed that they do not contribute to the impending King Spadina Heritage Conservation District. In short, it looks like the area can look forward to some sleek, modern rejuvenation.
The building’s minimalist, sleek exterior complete with glass panelling allows it to fit right in with the modern developments that have already started to make home in the city. Investors will want to keep an eye on the already flourishing neighbourhood that never fails to outdo itself with urban additions that bring something truly special to the city.
You really can’t beat this tower’s location of King and Spadina — and its impressive walk score of 99 out of 100 proves it. Tack on its transit score of 100 and you can guarantee that investors will want to pay attention to the variety of residents this development will attract.
Students, business professionals and families alike will all flock to this project located in the center of it all.
Early morning and late night classes won’t be an object for students who will find themselves steps away from public transit like the TTC to get to and from school. Campus’ of the city’s major universities like Ryerson University, University of Toronto and OCAD will be easily accessible to students. Even transit to York University will be seamless thanks to the subway extension.
Maziar Moini Broker of Record
Home Leader Realty Inc.
Last Update September 16, 2024
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150 Cell : (647) 699-5900
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