1. Projects > City of Toronto > Toronto > 507-513 Victoria Park Avenue

507-513 Victoria Park Avenue

By: Sigma Properties

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Victoria Park Avenue & Danforth Avenue, Scarborough, ON, Canada

Planning

Condominium

Discover 507-513 Victoria Park Avenue, a new mixed-use development in Scarborough’s Oakridge neighborhood. Featuring two modern residential towers with 578 rental units, retail space, a Montessori school, and a public park. Just steps from Victoria Park Subway Station and Danforth GO, offering prime connectivity and investment potential in Toronto

Highlights of 507-513 Victoria Park Avenue

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

  • High Rental Demand: Proximity to transit, schools, and employment hubs makes this development attractive to renters, ensuring consistent rental income potential.

  • Future Growth Potential: The area’s ongoing transformation and infrastructure improvements suggest potential property value appreciation, benefiting investors.

  • Comprehensive Amenities: The inclusion of retail spaces, educational facilities, and extensive resident amenities enhances the property’s appeal, supporting higher occupancy and rental rates.

  • 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

Location

crosschevron-down