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Reina Condos – MOVE IN October 2023/From Low $500’s

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Condo
9 storeys
Completion: 2023

Description

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Named after the Spanish word for “Queen”, Reina Condos is a fascinating first – an all-female development team building a world-class condo in the heart of Etobicoke. With a fresh perspective, Reina is looking to combine decades of experience amongst it’s developers, with a beautiful architecture and design, shaking up the largely male-dominated space of the Toronto Real Estate scene.  

Located at 689 The Queensway, just east of Royal York Road in the Stonegate-Queensway Neighbourhood, and focusing on developing an engaging, family-friendly community, Reina represents an exciting new era in condos in the GTA.

Reina Condos

Reina Condos Highlights:

  • Convenient public transportation options at doorstep
  • just 44 minutes to Downtown Toronto by TTC
  • Less than 15 minutes to Downtown Toronto via GO Transit
  • Easy access to Gardiner Expressway
  • fabulous restaurants and retail stores along the street
  • only 10 minutes from Mimico GO Station by bus
  • 20 mins drive to Pearson International Airport
  • Located in a top-notch school district with options for all ages and specialities
  • Minutes away from Sherway Gardens Mall

Top 5 Reasons to invest in Reina Condos

1.Location

Reina Condos

The Stonegate-Queensway Neighbourhood is a historic part of the city, just on the edge of Toronto’s downtown, and Etobicoke. This area has long been a centre for manufacturing and industrial workplaces, but is slowly changing into a more community-focused area in which families are starting to set down roots. Countless amenities like plentiful retail restaurants and other services line the prominent main streets like the Queensway itself.

Primarily a suburban region, Etobicoke is often characterized by large main streets, expressways and shopping malls, as well as idyllic residential streets nestled among the ravines of the city, and canopied by beautiful old trees. It’s eastern border is marked by the famously picturesque Humber River and Marshes, making Etobicoke a renowned spot for nature walks that pop in and out of the boroughs urban sprawl. 

The are has become extremely walkable in the last few decades, this project in particular has an excellent 81/100 Walk Score, which means most every day errands can be accomplished on food.

Home to great schools like George R Gauld Junior School, Karen Kain and the Etobicoke School of the Arts, this neighbourhood is rich for couples and parents looking to raise families in the area. And there are plenty of nearby parks and green spaces, including Winslow Dalesford Park, Queensway Park and Grand Avenue Park.

2.Amenities

Reina Condos

The amenities at Reina are designed to be an extension of your home. With over 5,000 square feet of interior space to play with – 25% higher than the City of Toronto interior amenity standard – you can say goodbye to the often empty party room and hello to a multitude of distinct areas that can be diversely activated with well-thought-out design and communal programming.

 

Reina

Taking into consideration the desires of potential buyers, Reina developers have organized public consultations, allowing future residents to weigh-in on potential features of the building. Exciting ideas like a main-floor mini general store for classics like milk, diapers and snacks, as well as a room for parcel delivery and potentially even on-site classes like gardening and art may make the cut, setting new standards for what to expect in a condominium. 

Mothers will continue to have opportunities to weigh int, with potential upgrades to usual amenities like stroller storage, bedrooms designed with children in mind, and even communal kitchens to allow for larger group hosting (like for example, children’s birthdays)

3.Transit Options

Etobicoke is well connected to the many roads and highways that make up the GTA’s primary transportation system. A simple grid street layout makes access to Highways easy, whether is the 401, Canada’s largest, highest traffic highway with access to the northbound Highway 400 in the north, or the Gardiner, which takes residents straight downtown, providing two easy paths into the core, and making commutes a breeze.

And if you’d rather not drive, the TTC has a robust presence within Etobicoke, making it a no-brainer for easy commutes into the city as well as travel throughout the GTA. Lien 2 Bloor-Danforth has it’s western tip ending at Kipling Station near Islington City Centre West in the heart of Etobicoke, and countless bus routes line the many roads and streets heading north and southbound from there. Etobicoke is also linked to MiWay, the Mississauga transit system, and is home to four Go Stations: Etobicoke North, Kipling Station, Long Branch and Mimico.

Reina Condos

Reina Condos is just ten minutes away from the Mimico GO Station by bus, another option commuters can use to reach to downtown core of the city, and the Royal York TTC Station is just 12 minutes away. Further, if you’d like to head downtown in style, take the historic Queen Street streetcar after the Humber loop and travel into the city along one of it’s most iconic streets.  

4.The Developer

Urban Capital was founded in 1996 by David Wex and Mark Reece. Largely based in Toronto, the development company has made it’s name through avant-grade design and pushing architectural trends to make bold buildings that make a statement. They have made a habit recently of reclaiming industrial lands, like those in Etobicoke, and redeveloping them into sustainable residential places.

One of their more recent triumphs was the River City project in the Don Valley by Corktown, which was their most ambitious yet.

Taya Cook, the Director of Development at Urban Capital has been working in conjunction with Sherry Larjani, Managing Partner at Spotlight Developments to combat the genre-inequality in the real-estate development scene of Toronto. Slowly over the next seven months, these two women put together a powerhouse team of women from all across the industry in order to break ground on this project.

Combining with ManLing Lau, Vice President of Sales at MarketVision Real Estate, the team became complete, and now the group looks to put together a unique development that takes into consideration other points of view. 

With Reina Condos, Urban Capital is reinventing the condominium game in Toronto.

5.Investment Opportunity

Many new condominium buildings tower above the greenery of the Etobicoke ravines, leading to a new boom of population and economy in the borough. A rise in density along Bloor St. and Humber Bay has lead to a strong middle class and an increase in demand for condos and other more dense housing options. 

With a healthy average selling price, pre-construction condos in the area sit in the early $400K range. New listings hold a $674 price per square foot and continue to grow. Rental rates are affordable, but the demand for condos continues to increase as once industrial lands are being repurposed and rejuvinated, creating new neighbourhoods and communities which appeals to younger families and professionals. 

But what makes Reina so unique is it’s mission statement – the first all-women development team isn’t just a title, it is breaking ground in amenities and site design that might pave the way for developments in the future. With that kind of cutting-edge innovation, Reina might well be a hot-button project in the GTA, and therefore a wise investment for the area.

Reina has a Walk Score of 83 out of 100 and Transit Score of 63 out of 100. This location is in the Stonegate-Queensway neighborhood in Toronto. Nearby parks include Winslow Dalesford Park, Queensway Park and Grand Avenue Park.

Property Features

  • DEVELOPER: Urban Capital Property Group
  • ARCHITECT(S): Quadrangle Architects Ltd.
  • UNITS: 200
  • PARKING: $45,000 (subject to 2B +)/Maintenance $40/month
  • LOCKER: $6,000 (Maintenance $10/month)
  • DEPOSIT STRUCTURE: $5,000 on signing ; Balance to 5% in 30 days ; 5% in 120, 365 days ; 5% in March 2022
  • MAINTENANCE FEE: $0.59/sf (Includes high speed internet in all suites. Excludes hydro)


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