Buckingham Condos Highlights
- 5 minute walk from the LW Lakeshore West at the Mimico GO stop
- Less than 5 minute drive to Gardiner Expressway
- Close to the parks
- Rapidly growing neighbourhood
- Perfect opportunity for investors
A stylish, bold new three-tower condo development is breaking ground in the Royal York Rd & Newcastle St area of Mimico at 23 Buckingham Street in Etobicoke.
Established in 1856, Mimico is a charming residential and retail neighbourhood in the southeast corner of Etobicoke. Named in Urban Toronto’s Development Guide as a neighbourhood to watch, it’s mostly known for its gorgeous waterfront, towering condos, and the lush parklands of the Humber River.
Spend the day exploring Mimico’s gorgeous parks, which descend along the Humber River, and define the picturesque Humber Bay. Enjoy the bike trails and paths with incredible views of Lake Ontario and the Toronto Skyline in the distance. Dog parks, yacht clubs, and lookouts pepper the green spaces all along the lakeshore giving residents unlimited options on a summer day. On weekends, residents can take advantage of the Humber Bay Shores Farmer’s Market, taking in artisanal foods, pastries, wines, and much more!
Countless amenities like plentiful retail restaurants and other services line the prominent main streets like the Queensway itself. Take the 501 streetcar into the city enjoying gorgeous Lake Ontario Views the whole way, or follow it further west to Humber College.
Shopping is easy with Sherway Gardens Mall just a seven-minute drive away, and featuring over 200 retailers and restaurants including Hudson’s Bay, Saks Fifth Avenue, and Nordstrom. The mall was renovated in 2017 and continues to be a staple draw for residents of the people of Etobicoke.
Other big box stores like IKEA, Lowe’s Home Improvement, Canadian Tire, Costco are all very close to this central Etobicoke location, making errands a breeze, and with Etobicoke’s many large green spaces, like Fleetwood Park, Orchard Heights Park, and the impressive 500-acre Centennial Park all within just a short drive, residents will be able to escape to nature at the drop of a hat.
With a walk Score of 74, this area is highly walkable, meaning most retail and errands can be completed with just a short walk from your doorstep.
Amenities haven’t been fully listed yet, but buyers should expect a fitness room, as well as entertainment rooms, and shared hosting spaces for get-togethers, as well as a mail-room, concierge and much, much more.
The first building in the project, The Buckingham will rise 39 storeys and contain a total of 724 units. These units will be varied in size, including units ranging from one-bedroom, two-bedroom, and three-bedroom layouts, but currently floor plans have yet to be released.
Each tower will feature a modern, angular appearance, with light materials, bringing together a contemporary look, with large floor-to-ceiling windows and many luxurious touches by Kohn Architects and SvN, as well as the prolific Figure3 interior design firm.
The shared podium will also feature a large underground parking area with a total of 555 parking spaces that will be for residents as well as for the retail, office, and commercial space. To receive floor plans as soon as they become available, don’t forget to register now with CondoTrend!
Etobicoke is well connected to the many roads and highways that make up the GTA’s primary transportation system. A simple grid street layout makes access to Highways easy. Residents will enjoy a 5 minute drive to the Gardiner Expressway, which takes you straight downtown, providing easy paths into the core, and making commutes a breeze.
And if you’d rather not drive, the TTC and GO Transit have a robust presence within Etobicoke, making it a no-brainer for easy commutes into the city as well as travel throughout the GTA. Connect to the TTC Line 2 simply at either Royal York Station or Old Mill, each about a ten minute drive away. Line 2 Bloor-Danforth has it’s western tip ending at Kipling Station near Islington City Centre West in the heart of Etobicoke, and countless bus routes line the many roads and streets heading north and southbound from there.
Maybe one of the most exciting features of Grand Central Mimico’s location is that it will provide direct access to the Mimico GO Station thanks to a partnership with Metrolinx. Buyers looking to commute into the city won’t find many condos with such a convenient connection to the GO Train, and will enjoy using the system to reach the downtown core of the city in short order. There are currently plans to extend the GO Train system to 15-minute, all-day service, which would increase the convenience of this commuter rail system.
Etobicoke has long been considered a green, family-oriented area. It’s suburban, and industrial roots have maintained its reputation as a dormitory community for those looking to live just outside the hustle and bustle of the Toronto core. While this remains true, a new influx of other residents is beginning to shift the demographics of the area. Younger residents are increasingly finding the Etobicoke way of life to be very attractive, and are moving into the area in droves. Companies in the tech sector are choosing to build headquarters and offices in the area, retooling old industrial buildings and bringing new energy to older neighbourhoods. These offices and production facilities are bringing new jobs to the area, and enticing young professionals to settle in the area.
With plans to extend the GO train system, and run more trains through the area, more and more residents are going to see Mimico as a convenient place just outside the hustle and bustle of the city. This means now is an excellent time to invest in the area, as property in the area is set for appreciation.
Condos in Etobicoke are a great investment opportunity, thanks to the neighbourhood’s reputation as a growing, booming neighbourhood. It has been designated as a “regeneration area” meaning there is currently significant effort to revitalize properties and densify residential areas of Etobicoke, especially Mimico.