Prime Condos is located in the Garden District, an area where intensification and tall building growth exists and will continue to. It’s part of downtown’s “urban growth centre,” a location where the province’s growth policies direct the most intensive forms of growth. This plan has been put in place to help create complete communities that offer more options for living, working and playing, curb urban sprawl and reduce traffic gridlock by improving access to a greater range of transit choices.
Even though the site is in a prime urban location - steps from dining, shopping and a wealth of entertainment options – it’s been somewhat underutilized until recently. We’ve seen a number of contemporary condominium buildings have success in the surrounding area, and a series of projects are either in the pre-construction or construction phase nearby. This is a great opportunity to invest in an area as it’s actively transforming.
At this condo building, you’re steps from two 24-hour streetcar lines, as well as the subway station. In fact, the address scores a 97/100 on its Transit Score.
This new urban development borders the main Ryerson University campus, which continues to expand and gain recognition internationally. Investors looking to buy in an underserved neighbourhood that is in need of residential options will want to keep an eye on this development.