Downtown Toronto is a metropolitan and cosmopolitan hotspot, but it is also highly resident-oriented with numerous residential neighbourhoods in the heart of the city. With excellent housing, mostly high and mid-rise, world-class entertainment, different national cuisines and many other conveniences, Downtown Toronto is the most desirable area to live in in the GTA.
Each Downtown Toronto neighbourhood has its own charm and perks that appeal to different Toronto condo buyers, but some of the neighbourhoods’ condo buildings seem to spark particular interest every time there is a unit for sale. Those buildings are usually in some of the best locations, come with great service and have a certain aesthetic appeal.
Units in such Downtown Toronto condo buildings are usually sold over asking price, stay very briefly on the market (sometimes even just for a couple of days), and they appreciate very fast in value. If you are looking to buy in Downtown Toronto, going for a desirable condo building is a good choice, whether you are looking for an investment property or settling down yourself. Here are a few Downtown Toronto condo buildings that are some of the most desirable and most sought-after in the city.
One Park Lane III Condos
Built in the 1980s with exterior glass elements, these condos mix historic charm with modern functionality. They are 16 stories tall and offer plenty of space with one to three-bedroom units. Besides being in a great location, at 211 St Patrick St, Toronto, they are practically walking distance from the Grange Park, the Financial District, and Dundas St., this building is also known for affordable condo fees that include utility bills.
One of the new buildings in Downtown Toronto is the highrise E-condos at 8 Eglinton Ave E, built in 2019. It’s modern look, functional layouts, and a full set of amenities like the rooftop garden, pool, fitness centre, etc., is what attracts many Toronto condo buyers to this building. It is one of the several Downtown condos that have direct subway access. Located in the top-notch Yonge and Eglinton area in Midtown Toronto, residents are close to parks, schools, museums, theatres and everything else one expects from a sophisticated urban area. On top of that, the views are gorgeous, especially from the top floors on the south side, overlooking the Downtown area.
Toy Factory Lofts
Lofts are always in demand in Toronto, whether they are hard or soft lofts, but one of the best known and most desirable are Toy Factory Lofts at 43 Hanna Ave, Toronto. Situated in Liberty Village, ranging from one to three bedrooms, and featuring floor-to-ceiling windows, plus a ton of amenities, units usually sell over asking, and they sell very fast. The building has a reputation for being well-run, with acceptable condo fees and friendly staff. Toy Factory Lofts are surrounded by restaurants, cafes and stores. The location is well connected to public transit, so it is no surprise that many Downtown Toronto families and young professionals want to live here. Read more about Downtown Toronto lofts here.
Redpath Residences, located at 188 Redpath Ave in Midtown Toronto , may not have the chic modern look many other condos have. What makes this building spectacular is its great location, highly functional and well-utilized layouts, and being an 8-storey midrise in a predominantly highrise neighbourhood that usually features 500+ units. Redpath Residences only have 86 units, ranging from 545 to 1,323 square feet, which makes the building perfect for anyone, from singles to families. The building is tucked away on a quiet street, which is also a great asset when you live in or near the Downtown Toronto area.
For more information on desirable condos for sale and current listings in Downtown Toronto, make sure to call Reza 416- 888- 7367 or email Reza here.