83 Bloor Street West Condos

83 Bloor Street West Condos is a new pre-construction condo development by Paralla, RioCan Living, and Westdale Properties. Coming soon to 83-95 Bloor Street West Downtown Toronto.

Highlights at 83 Bloor Street West Condos

83 Bloor Street West Condos is located in the Bay Street Corridor neighbourhood in Toronto, while amongst Toronto’s most densely populated communities. Especially with the luxury of being within walking distance of major corridors of downtown. The Bay Street Corridor has grown into one of Toronto’s premier condo markets, specifically attracting a large number of young professionals to the region. Because of the near proximity of the University of Toronto, the medical district, and the Financial District, this neighbourhood has a heavy international blend of residents and investors.

• Close to Dundas Station and College Station
• Steps to the Museum Subway Station
• Walking distance to Yorkville and Yonge-Dundas Square
• 2 minutes away from the retail districts of Bloor-Yorkville and Yonge Street
• Many attractions along Bay Street
• The Financial District, the Discovery District, the Hospital District, Toronto City Hall, Ryerson University, the University of Toronto, and central Yonge Street
• Surrounded by hundreds of retail shops as well as restaurants
• Steps to the University Of Toronto
• Stable student rent income
• Close to 5 Major Hospitals

Reason to Invest In 83 Bloor Street West Condos

1. Prime Location and Accessibility: 83 Bloor Street West Condos boasts a prime location in the heart of Toronto’s Bay Street Corridor, one of the most densely populated and vibrant areas in the city. This location offers unparalleled accessibility, with proximity to major transportation hubs such as Dundas Station, College Station, and Museum Subway Station. Additionally, it is within walking distance of popular destinations like Yorkville, Yonge-Dundas Square, and the retail districts of Bloor-Yorkville and Yonge Street. This central location ensures that residents have easy access to Toronto’s top attractions, amenities, and business districts, making it an ideal spot for urban living.
2. Strong Rental Income Potential: Given its proximity to major institutions like the University of Toronto, the Financial District, and the Hospital District, 83 Bloor Street West Condos is positioned to attract a steady stream of tenants, particularly young professionals and students. The demand for rental properties in this area is consistently high, providing investors with stable and lucrative rental income opportunities. The presence of five major hospitals and the heavy international blend of residents further enhance the appeal for long-term leases, ensuring a reliable return on investment.
3. Reputable Developers: The project is a collaboration between three highly respected developers: Parallax Investment Corporation, RioCan Living, and Westdale Properties. Each of these developers brings a wealth of experience and a strong track record in delivering high-quality, innovative developments. Parallax is known for its diverse asset development, RioCan Living for its community-focused residential projects, and Westdale Properties for its extensive portfolio of multi-family and mixed-use properties. Investing in a project backed by these esteemed developers provides assurance of the condo’s quality, potential for appreciation, and overall value.

About the Developers

Parallax Investment Corporation

Parallax describes the apparent movement of an object when viewed from different angles. Astronomers use parallax to measure the distance between stars. Hunters use the process to identify a target. They use it to build value.

Founded in 1981, Parallax has evolved into a premier developer of diverse assets; their nimble ability to shift between asset classes has given them a unique advantage.

RioCan Living

Since 1993, RioCan has played a pivotal role in shaping the places Canadians desire for work and shopping. Now, RioCan Living is committed to transforming the locations Canadians wish to reside in.

Constructing a community from the ground up entails more than just bricks and mortar; it involves a focus on people, and RioCan keeps individuals at the heart of every decision. When RioCan selects a project’s location, architect, and interior designer, it’s not merely about ‘the project,’ but about the people who will eventually consider it their home.

Westdale Properties

Westdale Properties, with its six-decade legacy, is a Toronto-based family enterprise focusing on the development of multi-family and mixed-use properties across North America. Our expansive portfolio features close to 7,000 living spaces and over 2.5 million square feet of commercial areas in Canada, in addition to around 47,000 housing units and 1.8 million square feet of commercial properties in the U.S. Moreover, we enhance our extensive real estate ventures with beloved Toronto eateries such as The Chase, Kasa Moto, Planta, and Palm Lane, diversifying our offerings in the food and hospitality sector.

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