Cancelled

Halo Condos on Yonge

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$797/sq.ft.

Halo Condos on Yonge Price History

$797/sq.ft.
***** *****
since launch
as of September 15, 2024

1 Bed

Sold Out $802/ft Last Price・Sep 2016 *****

1 Bed + Den

N/A $0/ft *****

2 Bed

Sold Out $793/ft Last Price・Sep 2016 *****

3 Bed

N/A $0/ft *****

Halo Condos on Yonge is a new condominium development by Cresford Development Corporation located at 480 Yonge Street, Toronto in the Discovery District neighbourhood with a 99/100 walk score and a 100/100 transit score. Halo Condos on Yonge is designed by architectsAlliance. The project is 45 storeys tall (153.0m, 502.0ft) and has a total of 423 suites ranging from 450 sq.ft to 1100 sq.ft. Halo Condos on Yonge is the #1605 tallest condominium in Toronto and the #32 tallest condominium in Discovery District.

Neighbourhoods

Discovery District
61 Total Projects
Neighbourhood in Toronto

Sales Status

View on Map
Actively Selling
1
Actively Selling
Launching Soon
0
Launching Soon
Registration Phase
14
Registration Phase
Sold Out
2
Sold Out
Resale
35
Resale

About Discovery District

Toronto’s Discovery District: A Hub of Innovation, Culture, and Urban Living

Nestled in the heart of Toronto, the Discovery District is renowned for its vibrant atmosphere, rich history, and status as a cradle of innovation and education. With its array of top-notch institutions, medical facilities, and cultural landmarks, the Discovery District offers an unparalleled living experience. Here’s a detailed look at what makes the Discovery District a coveted neighborhood:

Why People Love the Discovery District:

  • Epicenter of Education and Healthcare: The Discovery District is home to prestigious institutions like the University of Toronto and a cluster of world-class hospitals, making it a leading hub for education and healthcare.
  • Cultural Richness: Osgoode Hall and other historic landmarks contribute to the district’s rich cultural tapestry. The area’s proximity to iconic neighborhoods like Yorkville, Kensington Market, and the Financial District adds to its cultural and lifestyle appeal.
  • High-Quality Real Estate: The district is known for high-quality condominiums like the Discovery by Concord Adex, which offers a range of luxurious amenities, positioning it as a sought-after residential choice​​.

Local Amenities and Real Estate Highlights:

  • Historic and Modern Blend: The Discovery District boasts a blend of historic charm and modern innovation, with landmarks such as Osgoode Hall standing alongside cutting-edge research facilities and educational institutions​​.

Real Estate Dynamics:

  • Condominium Market: The Discovery District and surrounding areas like the Bay-Street Corridor are characterized by a dynamic condominium market.
  • Investment Opportunities: The district’s status as a hub of innovation, education, and healthcare makes it a prime location for real estate investment, offering both residential comfort and growth potential.

Toronto’s Discovery District stands out as a prime neighborhood, offering a blend of historic charm, modern innovation, and premium urban living. Its proximity to top institutions, rich cultural scene, and high-quality real estate options make it one of Toronto’s most desirable locations for professionals, students, and investors alike. Whether you’re seeking a vibrant community, educational opportunities, or investment potential, the Discovery District promises a life full of discovery and urban sophistication.

Development team

  • Developer
  • Architect
Actively Selling
0
Actively Selling
Launching Soon
0
Launching Soon
Registration Phase
0
Registration Phase
Sold Out
0
Sold Out
Resale
18
Resale
Cancelled
4
Cancelled
Cancelled Projects
  • Cancelled The Clover on Yonge
  • Cancelled 33 Yorkville Residences
  • Cancelled YSL Residences
  • Cancelled Halo Condos on Yonge

About Cresford Development Corporation

Cresford Development Corporation: Toronto’s Former Real Estate Titan

Overview of Cresford Development Corporation

Cresford Development Corporation, once a prominent player in Toronto’s real estate market, was known for its luxurious condominium projects and innovative designs. For over three decades, Cresford had been a significant force in the development of residential buildings in Toronto. However, the company faced significant financial troubles leading to its bankruptcy, which impacted many of its projects and stakeholders.

Company Highlights

  • Established: Over 30 years ago
  • Experience: Developed over 10,000 residential units in Toronto
  • Key Developments: Known for high-profile condominium projects in prime locations
  • Bankruptcy: Filed for bankruptcy in 2020, halting several ongoing projects and leaving many buyers in a difficult position

Notable Projects

Cresford Development Corporation was responsible for several notable condominium projects in Toronto, many of which were recognized for their luxury and prime locations:

  • Casa Series (Casa, Casa II, Casa III): Located near Yonge and Bloor, the Casa series featured luxurious finishes and extensive amenities, making it a desirable residence for urban professionals.
  • 1 Thousand Bay: This 32-storey building at Bay Street and Wellesley was designed with contemporary architecture and high-end amenities, offering an upscale urban living experience .
  • The Bloor Street Neighbourhood: Situated at Yonge and Bloor, this project consisted of 349 units and was known for its prime location and upscale living conditions .
  • MYC - Merton Yonge Condos: Located at Yonge and Merton, this 28-storey building featured stunning views, guest suites, and a variety of amenities designed for modern living

Bankruptcy and Its Impact

In 2020, Cresford Development Corporation filed for bankruptcy, which led to the cancellation of numerous projects and significant financial losses for buyers and investors. This event marked a significant downturn for the company, tarnishing its reputation and leaving many stakeholders in a difficult position. Key issues included:

  • Project Cancellations: Several high-profile projects were halted, including those that were in advanced stages of development.
  • Financial Losses: Buyers who had invested in Cresford’s projects faced significant financial setbacks, with many struggling to recover their investments.
  • Legal Issues: The bankruptcy led to numerous legal disputes as buyers and investors sought to reclaim their funds

Positive Aspects of Cresford’s Legacy

Despite its unfortunate end, Cresford Development Corporation was recognized for several positive attributes during its operational years:

  • Luxury and Innovation: Cresford was known for its luxurious finishes and innovative designs, setting new standards in the Toronto condominium market.
  • Prime Locations: The company’s projects were often located in highly desirable areas, offering residents convenient access to Toronto’s best dining, shopping, and entertainment options.
  • High-Quality Amenities: Cresford developments were characterized by extensive amenities, including fitness centers, rooftop terraces, and concierge services, enhancing the living experience for residents

Client Reviews and Reputation

While Cresford received praise for its luxurious and innovative developments, the company’s bankruptcy significantly impacted its reputation. Before the bankruptcy, clients appreciated the high-end finishes, prime locations, and extensive amenities that Cresford’s projects offered. However, the financial troubles and project cancellations led to a wave of negative reviews and dissatisfaction among buyers and investors.

Conclusion

Cresford Development Corporation played a significant role in Toronto’s real estate market for over three decades, known for its luxurious condominiums and innovative designs. However, the company’s bankruptcy in 2020 marked a dramatic downturn, impacting many stakeholders and tarnishing its legacy. While Cresford’s developments were praised for their luxury and prime locations, the financial troubles and project cancellations left a lasting negative impact on the company’s reputation.

Activity

Launch Price/ft
*****
Current Price/ft
$797 /ft
Change from Launch
*****

$797/sq.ft.

Before occupancy

$20,000 On Signing, Balance to 10% (60 Days) 5% (210 Days) 5% (450 Days) 5% (Occupancy)

Halo Condos on Yonge,

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Nearby Building Heights BETA

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Halo Condos on Yonge Activity

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Sales Status
June 21, 2024 9:44am
June 20, 2024 4:28pm
April 18, 2024 5:18pm Sales Status changed to Cancelled
April 18, 2024 10:22am Sales Status changed to Resale
April 18, 2024 10:22am

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