CentreCourt to Launch Axis Condos in Downtown Toronto This Fall
CentreCourt Developments are gearing up to launch Axis Condos this fall, located just steps from Yonge & College in the heart of Downtown Toronto. The new condominium project is proposed at 38 storeys and will house 541 units.
The project is located at the intersection of Church Street & Wood Street and is located across from Maple Leaf Gardens, a heritage building that has been converted into one of Toronto’s largest supermarkets on the main floor and an athletic facility on the upper floor.
CentreCourt Developments have enjoyed huge success in recent years with sell-out projects across Toronto including Peter Street Condos, Karma Condos and INDX Condos, however, in recent years CentreCourt have shifted their focus to condominiums on the east side of Yonge along the Church/Jarvis corridor believing that there is huge value in those pockets.
Most recently, both Core Condos (Church & Shuter) and Grid Condos (Jarvis & Dundas) have launched and sold out in a matter of days with huge demand from the investor community. The projects were met with very high demand for a variety of reasons:
- Extremely efficient suite design, allowing for excellent floor plans with little or no wasted space throughout. CentreCourt are meticulous about their floor plans and spend countless hours perfecting them to get the most out of the space
- Excellent price point – CentreCourt condos are always well priced within the market
- Located nearby key amenities and employment hubs that will attract tenants – Grid Condos (like Axis Condos) was located at the door step of Ryerson University, while Core Condos was located close to both the Eaton Centre and St. Michaels Hospital
Ryerson University will again be another major selling feature for Axis Condos. The project is located just north of the campus and will offer more residences to a school that is severely under supplied for student housing. Ryerson has just 852 beds (which makes up less than 2% of their students) which means there is a huge need for rental accommodation around the campus
We fully expect Axis Condos to be another sell out success this fall. It has all the ingredients for a great investment condominium project and is a project we will be following along very closely.
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