1. Projects > City of Toronto > Midtown Toronto > Mount Pleasant West > Line 5 Condos

Line 5 Condos

By: Reserve Properties, Westdale Properties

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117 Broadway Avenue, Toronto, ON, Canada

Promotional: From $599,900 - $2,880,900

Condo and Towns

36 Storeys | 480 Suites

Studio - 23 Bedroom(s)

347 - 1,656 Sq Ft

Completion: 2025

NEW EXCLUSIVE INCENTIVES 2024

• ALL STUDIOS PRICED AT $599,900*
• 80% Vendor Take Back Mortgage at 3.99% for 1 Year**
OR
• Up to $60,000 credit on closing

Plus

Extended Deposit Program
• 1 Year Free Maintenance
• Up to $30,000 Off the Purchase Price

and more

Line 5 Condos Properties is a new pre-construction Condo project located at 117 Broadway Avenue In Toronto.The Major Intersection is Yonge Street and Eglinton Avenue East. Developed By Reserve Properties and Westdale Properties. The architect by IBI Group and U31. Line 5 Condos features 36- and 33-storey residential towers and 701 Condos Units.

 

LIMITED NEW RELEASE: INTRODUCING THE TOWNHOME COLLECTION

Spacious 2-bedroom & den and 3-bedroom townhomes, starting from $1,319,900. Featuring 2.5 or 3 bathrooms, patio & balcony and direct street access

Why Line 5 Condos – Be at the Core of It All

Line 5 Condos responds directly to the fundamental changes in the way Torontonians live their lives. This includes innovative amenities such as a social-club that acts as co-working space during the day, a tuck-shop café in the lobby and a dedicated lane for ride-sharing apps like Uber and Lyft. Phase one launches in October.

  • Step to the Future LRT Station and Subway
  • Close to Major Highway.
  • Step to 3 major supermarket
  • Close to School and Public community centre
  • Short distance to Downtown Toronto

Craft Your Own Tale

Line 5 is meticulously crafted to harmonize with modern lifestyles. Well-designed communal spaces and thoughtfully curated shared areas collaborate seamlessly to streamline and enhance the lives of all residents.

Line 5 Condos Project Highlights

  • Line 5 Condos is the first phase of a multi-tower condominium project at Yonge and Eglinton.
  • Phase I Line 5 North – selling this fall is a 36-Storey tower located at 117 Broadway Avenue.
  • Phase II Line 5 South – selling soon is a 33-Storey tower located close by.
  • Developed by: Reserve Properties and Westdale Properties
  • Recent Projects: Rise, 109 Oz, Bellefair, Lakehouse and Motif (Reserve)
  • Nubu Residences, Theory Condos, One Bloor, Charlie (Westdale)
  • Plus a selection of Townhomes is released
  • All units have a balcony
  • All units with dens have been optimized so that dens fit a pull-out couch
  • Steps from th Yonge Street Subway Line and the LRT
  • Walkable local amenities include: Loblaws, LCBO, Shoppers Drug Mart,
  • Tim Horton’s, Starbucks, Sobey’s Metro Cheese Emporium, Wine Rack, Yonge-Eglinton Centre, Goodlife Fitness, Sporting life, SunnyBrook Health Sciences Centre, and more
  • May local schools in the area making Line 5 very family friendly
  • Great restaurants are all walkable along the area
  • Many Local Bars and entertainment venues in the area
  • Access to many parks and recreational facilities
  • Only 10 mins to the DVP and Bayview Extension

Line 5 Condos would be served by a two-level underground garage containing 261 parking spaces, with 212 spaces reserved for residents and the remaining 49 designated as visitor spaces. The garage’s P1 level would accommodate parking for 826 bicycles, divided between 740 long-term spaces for residents and 86 short-term spaces for visitors.

Line 5 Condos has a Walk Score of 95 out of 100. Transit Score if 91 out of 100.This location is in the Mount Pleasant West neighborhood in Toronto. Nearby parks include St. Clements-Yonge Parkette, Sherwood Park and Blythwood Ravine Park.

 

About the Developers

Reserve Properties

Reserve Properties, a prominent player in residential, retail, and mixed-use property development, brings over 30 years of expertise to the industry. Overseeing more than 100 projects and delivering 12,000 homes and 2 million square feet of commercial and retail space across North America, the company’s success is rooted in its unwavering dedication to client interests. With a multi-generational team, Reserve Properties employs top-notch professionals and consultants for each venture, ensuring excellence in real estate development, construction, and financing.

Westdale Properties

Westdale Properties, based in Toronto, has excelled in real estate ownership, management, and development for over six decades. As a family-run company with a unique vision for multi-residential real estate and mixed-use development, Westdale prioritizes creating positive experiences for communities. Their Canadian portfolio boasts nearly 7,000 residential units and over 2.5 million square feet of retail, commercial, and industrial spaces. In the US, Westdale owns and manages almost 47,000 residential units across 200 properties in 30 cities, along with 1.8 million square feet of retail and commercial space. Notably, their food and hospitality portfolio includes acclaimed Toronto restaurants such as The Chase, Kasa Moto, Planta, and Palm Lane.

Property Details

  • Developer: Reserve Properties, Westdale Properties
  • Interior Designer: U31
  • Architect: IBI Group
  • Building Type: Condo and Towns
  • Ownership: Condominium
  • Building Status: Under Construction
  • Selling Status: Promotional
  • Storeys: 36
  • Suites: 480
  • Suite Type: Studio - 23
  • Suite Size: 347 - 1,656

Pricing & Fees

  • Price: $599,900 - $2,880,900
  • Cost of Parking: Waitlist
  • Cost of Locker: $12,500+
  • Maintenance Fee: $0.58/sq. ft.
  • Notes: Water and hydro are separately metered. Gas is included.

Deposit Structure

NEW EXCLUSIVE INCENTIVES 2024 EXTENDED DEPOSIT PROGRAM
• $5,000 On Signing
• Balance To 2.5% In 30 Days
• 2.5% In 180 Days
• 10% On Occupancy

Current Incentives

NEW EXCLUSIVE INCENTIVES 2024

  • ALL STUDIOS PRICED AT $599,900*
  • 80% VENDOR TAKE BACK MORTGAGE AT 3.99% FOR 1 YEAR**
    OR
    CREDIT ON CLOSING
    • $40,000 for Studios, 1 Bedroom and 1 Bedroom + Den Suites
    • $50,000 for 2 Bedroom and 2 Bedroom + Den/Media Suites and Townhome
    • $60,000 for 3 Bedroom Suites

PLUS

  • EXTENDED DEPOSIT PROGRAM
  • 1 YEAR FREE MAINTENANCE***
  • $10,000 OFF THE PURCHASE PRICE****
    • Studio, 1 Bedroom, 1 Bedroom + Den/Media Suites
  • $20,000 OFF THE PURCHASE PRICE****
    • 2 Bedroom, 2 Bedroom + Den/Media Suites and Townhomes
  • $30,000 OFF THE PURCHASE PRICE****
    • 3 Bedroom
  • FREE ASSIGNMENT****
  • RIGHT TO LEASE DURING OCCUPANCY
  • CAPPED DEVELOPMENT & EDUCATIONAL CHARGES
    • $10,900 for Studio Suites,
    • $11,900 for 1 Bedroom, 1 Bedroom + Den Suites
    • $12,900 for 2 Bedroom, 2 Bedroom + Den/Media, 3 Bedroom Suites and Townhome

Building Amenities

  • Luxurious Courtyard with dedicated Uber and Lyft pick-up/drop-off area
  • 24-hour Concierge
  • Parcel Storage
  • Hot and Cold Storage
  • Juice and Coffee Bar
  • Fitness Studio
  • Personal Training Studio
  • Stretch and Yoga Studio
  • Interactive Training Studio
  • Spa Lounge
  • Sauna Room
  • Steam Room
  • 2 Outdoor BBQ and Dining Lounges
  • Party Lounge
  • Catering Kitchen
  • Art Studio
  • Outdoor Theatre
  • Outdoor Pool and Lounge
  • Outdoor BBQ and Dining Lounge
  • Outdoor Games Lounge
  • Social Club and Shared Work Space
  • Library Lounge
  • Demo Kitchen


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