Centricity Condos Summary
This is a new condo project in the heart of downtown Toronto close to the world-class Ryerson University, and one of Ontario’s largest shopping malls, the Toronto Eaton Centre.
Centricity Condos is a new high-rise condominium by Graywood Developments in Toronto. This 53 storey pre-construction project with 594 residential units is located at 241 Church St, on the northeast corner of Church and Dundas St, in The Garden District neighbourhood.
This community is considered to be one of the most sought after residential areas in the downtown core as it has become a hotspot for condo developments.
Investors can expect the soaring skyscraper to be 53 storeys high with approximately 594 units. The units will be available in the following layouts; studio units, one-bedroom, two-bedroom and three-bedroom. Centricity Condos will take a simple, urban architectural approach with a tower that will rise out of a 2 storey podium presumably used for mixed-use retail space. This space will be replacing one of the few and most valuable gas stations currently available downtown.
Residents will have access to the building from three street frontages including Church Street, Dalhousie Street and Dundas Street East.
Typically Graywood Developments produces expansive amenities including parking garages with bicycle spaces, pools, and fitness facilities.
Location & Neighbourhood
Centricity Condos is in one of the most coveted downtown neighbourhoods, located in the Garden District. Over the last decade condo developments have become a common trend, accounting for 78% of sales.
The sky-high pre-construction condo will be situated minutes away from the Allan Gardens (from which the area was named after), Moss Park and Ryerson University. Allan Gardens conservatory is an indoor botanical garden that dates back to 1858 planted with years of history.
In addition, the Garden District is home to one of the busiest downtown areas, Yonge-Dundas Square; that consists of shopping centres, restaurants, bars, and prestigious performing arts venues.
The neighbourhood is considered to be very walkable, with a 99 out of 100 walk score. Conveniently, daily necessities can be found in walking distance and many different errands can be done on foot.
This condo at the corner of Church and Dundas street has easily accessible public transit with multiple TTC bus stops and tram bus stops just minutes away. Union Station is about a 7-9 minute drive or can be walked to in approximately 20 minutes, give or take.
This area is an investors paradise as it has opportunities for everyone from young single professionals, to students, couples, to first-time home buyers looking for that downtown lifestyle. It is also worth noting that the average priced home in the Garden District has had a 5% increase over the previous term. The Garden District consists of million-dollar condos, Victorian villas, Edwardian row houses and apartment complexes just to name a few.
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Maziar Moini Broker
Home Leader Realty Inc.
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