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Lake & Town by Menkes

Property Rating

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Condo
Completion: 2023

Description

Interview with the President of the Cornerstone

Lake & Town is a new townhouse development by Menkes Developments. It is coming to South of Etobicoke and currently in preconstruction stage at 225 Birmingham Street. This new development proposed with a total of 210 townhouse units near the Lake Ontario. All the residents can enjoy a truly fulfilling lifestyle at Lake & Town where Lake Shore Blvd is located right at your doorstep.

Laek & Town

Lake & Town Highlights:

  • just 4 mins walk from the TTC bus/streetcar stop
  • 5 mins stroll down to Lake Shore Blvd
  • Easy walk to Humber College’s Lake Shore Campus
  • Lake Ontario’s parklands and beaches are down the street
  • A short drive away to IKEA, Sherway Gardens Mall
  • Many Excellent primary and secondary schools are nearby

Welcome Home

At Lake & Town, you can discover life in South Etobicoke’s most vibrant community. Life here is all about connections; connection to major employment centres in downtown Toronto and Mississauga, connections to ample parkland and beaches, and connections to local shops and restaurants. South Etobicoke has become a destination for urban professionals and families alike. Discover the charm of lakeside living and the convenience of a big city, all in one incredible new community.

Lake & Town is truly about connections to nature. Each block is surrounded by green space, with a private, community parkette acting as a central gathering space.

It has a great Walk Score of 79 out of 100 and a Transit Score of 78 out of 100. This location is in the New Toronto neighborhood in Toronto. Nearby parks include Rotary Park, Prince of Wales Park and Colonel Samuel Smith Park.

Key Features

  • Unique and innovative Contemporary Architecture
  • Secured community
  • underground parking garage with visitor parking, as well as additional visitor parking at grade
  • Oak staircase
  • Quartz countertops with breakfast counter
  • Stainless steel appliance package
  • 9 ft. ceiling heights on main levels
  • Wood deck flooring on private
  • rooftop terraces

Top 5 Reasons to invest in Lake & Town

1.Location

Etobicoke is a former city that now makes up the western-most part of Toronto. A large vertical slice of the city, Etobicoke stretches from the Highway 407, areas like Clairville and Smithfield to the shores of Lake Ontario with regions like Mimico, Islington and New Toronto. Lake & Town in particular is nestled just west of Mimico, close to the shores of Lake Ontario.

Primarily a suburban region, Etobicoke is often characterized by large main streets, expressways and shopping malls, as well as idyllic residential streets nestled among the ravines of the city, and canopied by beautiful old trees. 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.

Lake & Towns

In the summer, head to nearby Colonel Samuel Smith Park to spend the afternoon cloud-watching and enjoying nature, and when winter comes, strap on those skates and hit the skating trail, a charming figure-eight rink that’s open most of the winter. Just a short drive, and you’re in the Etobicoke Valley Park, or hitting the greens at Toronto Golf Club. Taking the iconic Lake Shore Boulevard east will bring you right into the heart of Toronto, with seemingly endless entertainment, experiences, restaurants and nightlife.

Lake & Town is a convenient place for students too, with the Lakeshore Campus of Humber College practically next door, as well as Sheridan Campuses, UofT, Ryerson, all within short commutes. Families should also take now, as many excellent primary and secondary schools are nearby.

Further, short drives to a nearby IKEA, and the Sherway Gardens Mall means shopping, errands and even home decor are all at your fingertips!

2.Amenities

This modern townhouse development is a bold new addition to the Etobicoke housing market. With 12 buildings all standing at 3-storeys, Lake & Town will take up a nice city block very close to the lakeshore with shared amenity space in the centre. The space in the centre is expected to be around 835 square metres, and feature shared spaces, green areas, as well as places to host events, outdoor patios, etc.

The community itself will be made up of 210 units. A townhome mix of 107 two-bedrooms and 103 three-bedrooms will be the primary units in the development. For residents with cars, 242 parking spots can be expected, one for each unit and 32 for visitors.

Lake & Town promises to provide an urban convenience with a small town feel, just west of the downtown Toronto core.

3.Transit Options

With a walk score of 78/100 and transit score of 81/100, this area enjoys a high standard of transit convenience.Easy connections to the Mimico GO train station and the TTC Subway Line 2 at Islington makes for great commutes throughout the rest of the city. 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. A simple option for those headed into the city might be the Lake Shore Streetcar, which runs along the waterfront and boasts a travel time into the heart of Toronto in just half an hour.

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, or the Queen Elizabeth Way in the borough’s southern partition, which turns into the Gardiner on approach to Toronto Downtown Core, and travels southwest to Peel Region and Halton Regions as it eventually takes travellers to Hamilton and around the Golden Horseshoe of Southern Ontario.

4.The Developer

Menkes is a Toronto-based developer with over sixty years of experience. Having started in the single family home sector, Menkes has expanded recently into the construction of condominiums, commercial, and industrial projects. Most well known for their work at North York’s City Centre, Menkes has made a real name for itself across the GTA.

Something of a family business, Menkes was founded in 1976 by Murray Menkes, and now Alan Menkes and his two brothers serve as co-presidents of the firm their father established. The team has a strong emphasis on family ties, values like integrity, social connection and meaningful relationships within the communities they create.

Though the traditions of this family business remain intact, Menkes has managed to build outwardly and expand into so many different facets of real estate. They continue to raise the standard in condominiums and commercial development, and apply the lessons they have learned back to their first passion – homes for families of the GTA. Homes like the ones at Lake & Town.

5.Investment Opportunities

A rise in density along Bloor St. and Humber Bay has lead to a strong middle class and an increase in demand for condos and other more dense housing options.

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, Lake & Town seems to be a solid choice for townhomes in the GTA.

Property Features

  • DEVELOPER: Menkes Developments Ltd.
  • HOUSING TYPE: Urban Stacked Townhomes
  • ARCHITECT: Turner Flishe
  • UNITS: 210
  • OCCUPANCY: 2022
  • SUITE TYPE: 2 & 3 Bedrooms
  • PARKING: 1 underground parking Included
  • LOCKER: Waitlist
  • MAINTENANCE FEES: Approx $0.19/sq.ft.
  • DEPOSIT STRUCTURE: $5,000 on signing/balance to 5% in 30 days/5% in 120,370,540 days/1% on occupancy

Lake & Town

Floor Plan & Price List

 
 


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