875 The Queensway Condos by Format Group
875 The Queensway, Etobicoke, ON, Canada
Introducing a new mid-rise condominium along The Queensway in Etobicoke. 875 The Queensway Condos is a new preconstruction development by Format Group with a total of 183 units and 14 storeys.
875 The Queensway Condos Highlights:
- Convenient location to travel downtown or uptown with direct access to transit with Kipling or Islington stations both just minutes away
- Sherway Gardens Shopping Mall located just to the west for few minutes
- Cineplex Theatre complex located just to the east
- Variety of restaurants, cafes, bars to the north
- Lake Ontario is located a few minutes south
- Easy access to Gardiner Expressway/HWY 427
- 5 mins drive from Mimico GO Station
- 15 mins drive to Downtown Toronto
- Nearby parks include Queensland Park, Ourland Park and Connorvale Park
Top Reasons to Invest in 875 The Queensway Condos
It’s eastern border is marked by the famously picturesque Humber River and Marshes, making Etobicoke a renowned spot for nature walks that pop in and out of the boroughs urban sprawl. Countless amenities like plentiful retail restaurants and other services line the prominent main streets like the Queensway itself. The are has become extremely walkable in the last few decades, this project in particular has an excellent 81/100 Walk Score, which means most every day errands can be accomplished on food.
Shopping is easy with Sherway Gardens Mall just a five-minute drive away, and featuring over 200 retailers and restaurants including Hudson’s Bay, Saks Fifth Avenue, and Nordstrom. The mall was renovated in 2017 and continues to be a staple draw for residents of the people of Etobicoke.
Other big box stores like IKEA, Lowe’s Home Improvement, Canadian Tire, Costco are all very close to this central Etobicoke location, making errands a breeze, and with Etobicoke’s many large green spaces, like Fleetwood Park, Orchard Heights Park, and the impressive 500-acre Centennial Park all within just a short drive, residents will be able to escape to nature at the drop of a hat.
Etobicoke is well connected to the many roads and highways that make up the GTA’s primary transportation system. A simple grid street layout makes access to Highways easy, whether is the 401, Canada’s largest, highest traffic highway with access to the northbound Highway 400 in the north, or the Gardiner, which takes residents straight downtown, providing two easy paths into the core, and making commutes a breeze.
And if you’d rather not drive, the TTC has a robust presence within Etobicoke, making it a no-brainer for easy commutes into the city as well as travel throughout the GTA. Lien 2 Bloor-Danforth has it’s western tip ending at Kipling Station near Islington City Centre West in the heart of Etobicoke, and countless bus routes line the many roads and streets heading north and southbound from there. Etobicoke is also linked to MiWay, the Mississauga transit system, and is home to four Go Stations: Etobicoke North, Kipling Station, Long Branch and Mimico.
875 The Queensway Condos is just minutes away from the Mimico GO Station by bus, another option commuters can use to reach to downtown core of the city, and the Royal York TTC Station is just 12 minutes away. Further, if you’d like to head downtown in style, take the historic Queen Street streetcar after the Humber loop and travel into the city along one of it’s most iconic streets.
Etobicoke has long been considered a green, family-oriented area. It’s suburban, and industrial roots has maintained it’s reputation as a dormitory community for those looking to live just outside the hustle and bustle of the Toronto core. While this remains true, a new influx of other residents is beginning to shift the demographics of the area. Younger residents are increasingly finding the etobicoke way or life to be very attractive, and are moving into the area in droves. Companies in the tech sector are choosing to build headquarters and offices in the area, retooling old industrial buildings and bringing new energy to older neighbourhoods. These offices and production facilities are bringing new jobs to the area, and enticing young professionals to settle in the area.
With that in mind, it’s clear that more condominium development will be the way Etobicoke adapts to this population rise. More projects are beginning development all the time in this area, largely focusing along the Queensway in order to provide a balance of residents who work in Etobicoke itself, and those looking to commute into Toronto. This area is becoming a hub for business and retail in the west end of the GTA, and pre-construction projects are truly beginning to spring up left and right.
With a healthy average selling price, pre-construction condos in the area sit in the early $400K range. New listings hold a $674 price per square foot and continue to grow. Rental rates are affordable, but the demand for homes continues to increase as once industrial lands are being repurposed and rejuvenated, creating new neighbourhoods and communities which appeals to younger families and professionals.
Now might be one of the best times in the borough’s history to invest in condos in the Etobicoke area. As appreciation rates are rising, and the borough goes through this rebirth. Whether you’re a family looking to upsize, a student looking for an investment, or anyone in between, 875 The Queensway is one to keep your eye on.
875 The Queensway Condos by Format Group Property Details
- ARCHITECT: KFA Architects and Planners
- UNITS: 183
- ESTIMATED COMPLETION: TBA
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