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Starting From: CAD 641,900

Verge Phase 2 Condos

1001 The Queensway, Toronto, ON

High-Rise Condos in Toronto

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Verge Condos Phase 2 is an upcoming condominium development by RioCan Living and Maplelands Development, currently in the preconstruction phase, located at 1001 The Queensway in Toronto, ON.

The project, designed by Turner Fleischer Architects Inc., will feature a 17-story tower with 341 mixed condo units, ranging from one to three bedrooms. DesignAgency will beautifully design the interior of each unit. The units will range between 487 to 972 square feet. The project is expected to be finished by 2025.

Verge Condos 2 will rise from a shared podium of retail space and amenities to serve the expanding community, appealing to families and professionals looking for a cozy home.

Units in this Toronto condo will start at $641,900.

Features

Starting From: CAD $641,900

Pricing and fees

Available unit price: From $641,900 to $1,164,900
C.C/maint: $0.62 Per SqFt per Month
Cost to purchase parking: $69,000.00 (Available for all suites 515 sq.ft. & larger
MONTHLY MAINTENANCE FEES: $69.95)
Cost to purchase storage: $7,500.00 (Available for all suites
MONTHLY MAINTENANCE FEES: $19.95)
Average price per sqft: $1271 per SqFt
Co-op fee realtors: -

Deposit Structure

ONLY 5% DOWN UNTIL FALL 2024!
• $10,000 on signing
• Balance to 2.5% in 30 days
• 2.5% in 180 days
• Final 5% due September 30th, 2024
Deposits payable to HARRIS SHEAFFER LLP IN TRUST

Current incentives

LIMITED NEW RELEASE INCENTIVES
ONLY 5% DOWN UNTIL FALL 2024!
UPGRADED SUITES – Up to $20k Value
PARKING: $69,000
Available for all suites 515 sq.ft. & larger
LOCKER: $7,500
Available for all suites
REDUCED ASSIGNMENT FEE
$1,000 plus HST (excluding legal fees)
*Incentive current as of January 26, 2024

Amenities

Games Room
Lobby and Lounge
Kids Play Studio
Mail Room
Visitor Parking
BBQ & Outdoor Dining Area
Bar and Lounge
Outdoor Coworking Space
24-Hour Concierge Service
Bicycle Parking
Dog Spa
Fitness Studios
Golf Simulator
Outdoor Fitness Area
Fireplace
Parcel Room
Cabanas
Party Room with Kitchen
Co-Working Spaces
Outdoor Lounge & Fire Pit
Outdoor Putting Green and Lounge
Outdoor Terrace
1Valet
Bike Wash Station

Get the first access to the floor plans and price list.

Highlights

Nestled in The Queensway neighbourhood in Toronto
5 minutes away from the Mimico GO Station
13-minute drive to Union Station
with direct access to the Gardiner Expressway, QEW, and Highway 427
10-minute drive to Toronto Pearson International Airport
6-minute drive to CF Sherway Gardens,
nearby parks include High Park, Queensland Park, Ourland Park, and more
7-minute drive to Humber College Lakeshore Campus
18-minute drive to the University of Toronto and Toronto Metropolitan University
and a 16-minute drive to Toronto General Hospital

Floor Plans

Neighbourhood

Verge Condos 2, a condominium development by RioCan Living and Maplelands Development, is coming soon at 1001 The Queensway in the neighbourhood of The Queensway in Toronto. With a walk score of 91/100 and a transit score of 58/100, residents will have easy access to all their daily needs. There are plenty of supermarkets, cozy cafes, trendy restaurants, boutiques, and large retail stores in the vicinity. CF Sherway Gardens, which offers more than 200 stores, services, and dining options, is less than a 6-minute drive away. Additionally, there are several big box stores in the surrounding area.

Moreover, residents in the area also have access to numerous parks and green spaces for relaxation and enjoyment of nature, including High Park, Queensland Park, Ourland Park, and more, and can enjoy stunning views of Lake Ontario and the Toronto skyline from the condo.

subway station image by 471743 from Pixabay.com

Transportation

This development provides convenient city navigation, making it an excellent investment choice for those seeking accessibility and convenience. The condo is situated only 5 minutes away from the Mimico GO Station, offering easy access to both GO train and bus transit services, allowing commuters to reach Union Station in under 20 minutes.

In addition, drivers can conveniently access the Gardiner Expressway, QEW, and Highway 427, and the Toronto Pearson International Airport is just a 10-minute drive away for travellers.

Education

This family-friendly neighbourhood is ideal for settling down and raising a family, as it’s conveniently located near schools. Postsecondary students are just 7 minutes from Humber College Lakeshore Campus and 18 minutes from the University of Toronto and Toronto Metropolitan University, making Verge Phase 2 Condos an ideal location for off-campus living.

Finally, Verge Phase 2 Condos offers investors and homebuyers advantages due to Toronto’s strong economy, job opportunities, and rental demand, making it a prime investment location.

University of Toronto image from Pixabay.com

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RioCan Living logo
Since 1993, RioCan has transformed the venues where Canadians like to shop and do business. RioCan Living contributes to the creation of excellent residential neighborhoods.
Maplelands Development
Maplelands is a Canadian real estate development company specializing in residential and commercial development with a passion for creating strong, inviting communities that improve people's quality of life. Maplelands, which was founded in 2019 and has a long global history, aims to create unique locations that encourage people to live freely. Maplelands' goal, in collaboration with their partner, the ASGC Group, is to inspire and construct communities that will endure a lifetime through innovative technologies, smart systems, sustainability, advanced design, and tailored services. Maplelands has brought its three pillars to life with every project throughout the world since its inception: integrity, innovation, and inspiration.