Y&S Condos

Top 6 Reasons to Invest:

1. We have personally invested in new condos at Yonge & Eglinton
Both Amit & Roy Bhandari of TalkCondo have personally invested in new condos at Yonge & Eglinton.

Why? For all the reasons listed below.

The Eglinton LRT is going to be a game changer for this neighbourhood and it will spur on huge development at this important transit hub and key intersection for Toronto.


2. Yonge Street Projects Are Increasingly Rare
Yonge Street is the centre of Toronto and the condos closer to Yonge are considered more desirable because of proximity to key transit. As Yonge Street corridor is getting developed, Yonge Street projects are getting very rare and continue to stay in high demand.


3. Brand New Eglinton LRT Opening in 2021
The LRT is the brand new transit line that is currently under construction and will open in 2021 (2 years before Y&S is completed).

The new transit line will have a major impact on demand for this location and we anticipate prices and rents will increase.


4. Across the street from the Subway Entrance
Y&S Condos is located just across the street from a subway entrance through the Canadian Tire Headquarters (that will eventually connect to both the Yonge Line AND the Eglinton LRT).

The convenience of having two subway stations just across the road is a huge asset and is one of the key features of Y&S Condos.


5. Across the street to Brand New Retail
Y&S Condos is located across the street from Art Shoppe Condos which will feature two full floors (almost 80,000 sq.ft.) of brand new prime retail that is expected to include a brand new flagship grocery store.


6. Land Values at Yonge & Eglinton Have Soared Meaning Future Projects will be Priced Much Higher

In Q4 2018, Yonge & Eglinton land sales were at $255/ft - second only to Yorkville at $297/ft (by comparison, the Toronto Waterfront was at $204/ft and the Downtown Core was at $165/ft) [source: Bullpen Consulting]. We often look at land values as a key indicators to what future projects will launch at.

With the new LRT opening in just a few years, we can see that developers today are betting big on the future of Yonge & Eglinton and at these land prices, we can see that values in the coming years will be significantly higher than today.


Y&S Condos located in the booming Yonge & Eglinton neighbourhood at the North East Corner of Yonge & Soudan (2161 Yonge Street) and will replace an existing office tower.


About Y&S Condos
Y&S Condos will be a mixed use 35-storey building designed by Graziani & Carozza Architects which will include a 6-storey base building containing a mix of retail (ground level) and over 80,000 sq.ft. of office space on floors 2-6. The proposal calls for 155 parking spaces on 4 levels of underground parking.

The residential tower will begin on the 8th floor and will contain 288 condominium suites with the following suite mix:

1 Bedroom Suites - 108
2 Bedroom Suites - 141
3 + Bedroom Suites - 39

Y&S Condos is expected to be completed in 2023.


Interior Suites
Y&S offers modern finishes in the suites. Some highlights include:

-9ft. Smooth finished ceilings throughout (excluding bulkheads)
-Unique indoor/outdoor living with a sliding glass window system opening to the outdoors
-Contemporary design kitchen cabinets with tall uppers
-Quartz countertops
-Laminate or Vinyl flooring throughout


Amenities
Y&S Condos will contain over 14,000 sq.ft (7,000 sq.ft. of indoor space, 7,800 sq.ft. of outdoor space) on the 7th floor including:

-24/7 Conceirge
-Fully equipped fitness facility with a cardio room, weight room and yoga/stretch studio
-Expansive outdoor terrace with lounge areas, dining areas and BBQ’s
-Private dining room with adjoined Catering Kitchen
-Business Lounge and Study Lounge
-Children’s Playroom
-Guest Suite


The Neighbourhood
Yonge & Eglinton is one of Toronto’s most popular neighbourhoods. In 2017 it was ranked one of the top neighbourhoods by Toronto Life.

The brand new Eglinton LRT line is currently under construction (at the time of writing) and will be completed in 2021. Since the announcement of the LRT, the Yonge & Eglinton neighbourhood has seen huge growth and numerous high quality condominiums have sprouted up (including E Condos, E2 Condos, Whitehaus Condos, Art Shoppe Condos, 150 Redpath Condos, 155 Redpath Condos, Citylights on Broadway, Line 5 Condos and many more).

2161 Yonge Street boasts an impressive 99/100 WalkScore.

The area has an exciting retail offering, with Yonge-Eglinton Centre recently receiving a $100 million facelift, and brand new retail along both Yonge and Eglinton have helped increase the demand for this location. Art Shoppe Condos (located immediately south of Y&S Condos) is expected to add a further 80,000 sq.ft. of retail.

There is no shortage of restaurants, bars, coffee shops and entertainment nearby.


Transit Oriented
We often advise our clients to consider “transit oriented” condominiums. When completed, Y&S will be steps to two high speed transit lines including Line 1 (Yonge Subway Line) and the upcoming Line 5 (Eglinton LRT).

Y&S is ideally located across the road from the Canadian Tire Headquarters which will provides indoor access through to the subway stations.


Tribute Communities
Tribute are an award winning home builder with over 35 years of experience across the GTA. They have built over 30,000 homes all across Southern Ontario.

They have built some notable condominiums in Toronto including (but not limited to) Max Condos, Stanley Condos, The Residences of the RCMI, The College on Spadina and many many more.

Visit the Tribute Communities page on TalkCondo for their full portfolio.