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Verge Condos

By: RioCan

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1001 The Queensway, Etobicoke, ON, Canada

Platinum Access: From $671,900 - $1,164,900

Condominium

17 Storeys | 544 Suites

1 - 3 Bedroom(s)

476 - 972 Sq Ft

VIP Launch: 2021

Completion: 2025

LIMITED NEW RELEASE INCENTIVES

• ONLY 5% DOWN
• UPGRADED SUITES – Up to $20k Value
• PARKING: $79,000 $69,000
(Available for all suites 515 sq.ft. & larger)
• LOCKER: $7,500 (Available for all suites)
• REDUCED ASSIGNMENT FEE $5,000 $1,000 plus HST (excluding legal fees)
• DEVELOPMENT, EDUCATION & TRANSIT CHARGES CAPPED UP TO $17,000 plus HST
• OPTION TO LEASE DURING INTERIM OCCUPANCY

Verge Condos is a new pre-construction condo development by RioCan Living. Coming soon to 1001 The Queensway in Etobicoke. The major intersection is at The Queensway and Islington Avenue.

 

VERGE PHASE 2, EAST TOWER COMING FALL 2021

Verge West Tower, the summer’s most exciting project, sold fast! RioCan Living is now inviting you to prepare for its highly anticipated Phase 2 due to overwhelming demand!

Verge East Tower is a 17-story high-rise condominium above The Queensway and beyond compare. Placing you on the verge of excitement and convenience, connections and opportunities, premium access and best-in-class amenities. Allow yourself to enter a new world of possibilities.

Highlights at Verge Condos

Verge Condos at 1001 The Queensway is located in the Islington-City Centre West neighbourhood in Toronto. Fronting on a large block that houses Cineplex’s flagship Queensway Cinemas (and its massive parking lot), the Milestones, Montana’s Cookhouse, as well as Kelsey’s restaurants do a strong business. Finally, RioCan strives to put the site to better use. Surrounded by mostly low-rise, suburban built form, especially with much of The Queensway currently dominated by rows of strip retail to the east and west.

  • Step to TTC Stop
  • Short Drive to Gardine express way
  • Close to School and Public community centre
  • Short Distance to downtown Toronot
  • Close to the Park and Shopping
  • Close to Islington-City Centre
  • Walk Score of 60 out of 100
  • Transit Score if 50 out of 100.
  • Nearby parks such as Queensland Park, Queensway Park and Winslow Dalesford Park.

Planning Process

The development was submitted late last year, and the planning process is now in its early stages. This is more an indicator of the massing model, which is subject to change as the proposal evolves.

Verge Condos is a mixed use development a total of two residential towers that have been situated on a 4-storey podium. The podium are separated by an 11-m wide driveway access into the site. 15,295 sq ft of outdoor amenity space is located in the central portion of the site.

The project’s tallest building—located closest to the intersection of Queensway and Islington—would rise to a height of 17 storeys, sharing a podium with a 12-storey building immediately to its west.

The Space Designed by Core Architects

The 588-unit development would include 31,000+ of retail area while fronting onto The Queensway—indicating that any of the restaurants or the bank onsite could return after construction—while a green space is planned in between the two four-storey podium structures. The residential lobbies for each building would be located at the south end of the podiums “in order to ensure an activated pedestrian realm along The Queensway” with new retail, the Planning Rationale states.

As currently proposed, the residential unit mix would include 69 studios (11.7%), 280 one-bedroom + den (47.6%), 227 two bedroom + den (38.7%), as well as 12 three-bedroom + den suites (2%). A two-level underground parking garage will feature a total of 591 vehicle spaces, which would be divided into 475 residential as well as 116 visitor/commercial spaces. 442 bicycle spaces are also proposed.

Property Details

  • Developer: RioCan
  • Interior Designer: DesignAgency
  • Architect: Turner Fleischer
  • Building Type: Condominium
  • Ownership: Condominium
  • Building Status: Pre-construction
  • Selling Status: Platinum Access
  • Storeys: 17
  • Suites: 544
  • Suite Type: 1 - 3
  • Suite Size: 476 - 972
  • Launch: 2021

Pricing & Fees

  • Price: $671,900 - $1,164,900
  • Cost of Parking: $69,000
  • Other Parking: For all suites 515 sq.ft. & larger
  • Cost of Locker: $7,500
  • Locker Availability: For all suites
  • Maintenance Fee: $0.62-0.68/Sq Ft
  • Notes: Individually metered for hydro and water
  • Parking Maintenance: $69.95/month
  • Locker Maintenance: $19.95/month
  • Lawyer: HARRIS SHEAFFER LLP IN TRUST

Deposit Structure

ONLY 5% DOWN
• $10,000 on signing
• Balance to 2.5% in 30 days
• 2.5% in 180 days

Current Incentives

LIMITED NEW RELEASE INCENTIVES

  • ONLY 5% DOWN
  • UPGRADED SUITES – Up to $20k Value
  • PARKING: $79,000 $69,000
    (Available for all suites 515 sq.ft. & larger)
  • LOCKER: $7,500 (Available for all suites)
  • REDUCED ASSIGNMENT FEE $5,000 $1,000 plus HST (excluding legal fees)
  • DEVELOPMENT, EDUCATION & TRANSIT CHARGES CAPPED
    • One Bedroom & One + Den Suites – $12,000 plus HST
    • Two Bedroom & Two + Den Suites – $15,000 plus HST
    • Three Bedroom Suites – $17,000 plus HST
  • OPTION TO LEASE DURING INTERIM OCCUPANCY

Building Amenities

Building Amenities

  • 1Valet Integrated Smart Living throughout
  • Hi-Speed Internet
  • Visitor Parking & Retail Parking Available

Ground Floor

  • Double height lobby with 24hr Concierge
  • State of the Art Parcel Room
  • Fitness Studio and Yoga Studio
  • Content Studio
  • Coworking Space
  • Pet & Bike Wash Station

9th Floor Outdoor

  • Expansive outdoor terrace with games area
  • Kids’ play area
  • Lounge Seating & Fire pits
  • BBQs & Outdoor Dining

Indoor

  • Party Room and Kitchen
  • Cocktail Lounge

Location

Verge Condos Videos

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