507-513 Victoria Park Avenue
By: Sigma Properties
Victoria Park Avenue & Danforth Avenue, Scarborough, ON, Canada
Planning
Condominium
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Prime Location: Situated just south of Danforth Avenue, the development is approximately a six-minute walk from Victoria Park subway station and close to Danforth GO station, offering residents convenient access to public transit and the Greater Toronto Area.
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Modern Design: The proposal features two towers, standing at 16 storeys (58 meters) and 39 storeys (127.5 meters), connected by an L-shaped podium. The design includes 578 rental units, retail space, and a Montessori school/daycare, catering to diverse urban lifestyles.
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Public Park: A new 1,433m² public park is planned as part of a land swap agreement, providing green space for recreation and community gatherings.
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Amenities & Connectivity: Residents will have access to over 2,300m² of indoor and outdoor amenities, located on the second and ninth floors. The development includes seven elevators, with five in the 39-storey tower and two in the 16-storey tower, resulting in a ratio of one elevator for every 83 units, ensuring efficient service for residents. Additionally, the project offers ample parking and bicycle storage, supporting various transportation preferences.
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Investment Potential: Located in a transitioning corridor with ongoing developments, this project represents a promising investment opportunity in a growing urban area.
Reasons to Invest in 507-513 Victoria Park Avenue
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High Rental Demand: Proximity to transit, schools, and employment hubs makes this development attractive to renters, ensuring consistent rental income potential.
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Future Growth Potential: The area’s ongoing transformation and infrastructure improvements suggest potential property value appreciation, benefiting investors.
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Comprehensive Amenities: The inclusion of retail spaces, educational facilities, and extensive resident amenities enhances the property’s appeal, supporting higher occupancy and rental rates.
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Strategic Location: Situated near major transit stations and within a developing neighborhood, the property offers a blend of urban convenience and community-focused living, appealing to a wide range of tenants.
Property Details
- Developer: Sigma Properties
- Architect: Gabriel Fain
- Building Type: Condominium
- Ownership: Condominium
- Building Status: Pre-construction
- Selling Status: Planning
- Suites: 578













