High-Rise Condo in Toronto
Toronto’s booming Yonge and Gerrard junction will soon be the site of a new condominium building.
Toronto’s 399 Yonge Street Condos are a new mixed-use high-rise condo development by Capital Developments. This 75-story pre-construction project with 828 residential apartments is situated at 399 Yonge St in downtown Toronto, near the northeast intersection of Yonge and Gerrard.
This property will provide residential apartments with one to three bedrooms, providing prospective purchasers with a variety of alternatives. This project will be situated between Toronto Metropolitan University and the St. George campus of the University of Toronto.
Yonge Street is one of the world’s longest arterial roadways, stretching from the Lake Ontario beachfront to Barrie. Other major Toronto streets, including Dundas, Bloor, Queen, King, and University, comprise a grid upon which the city’s public transportation network is based. Even from these major roads, crossing the Greater Toronto Area is simple, since they branch out in all directions to Scarborough, Durham Region, Etobicoke, Peel Region, and Halton Region to the east and west, and York Region to the north.
TTC stations on College or Dundas Street connect to Line 1 Yonge-University, enabling passengers to move across the city by subway. A short ride will take you to Union Station, which gives access to public transportation across the Greater Toronto Area. This site has easy access to both GO and VIA Rail services. Furthermore, the bike lanes in this area promote transportation, making it a thriving urban landmark with a bright future.
399 Yonge Street Condos is a good investment option for people looking for student residences due to its proximity to Toronto Metropolitan University and the University of Toronto St. George campus. This is a lively alternative for city-loving first-time buyers searching for a walkable and busy metropolitan environment. The city of Toronto and its developers have noticed this opportunity, and are planning similar-height towers at 372, 383, and 415 Yonge Street, transforming this location into an investment magnet.