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The Clair Residences

The Clair Residences

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Condo
Completion: TBA

Description

The Clair Residences is a new preconstruction condo development by Great Gulf and Terracap. A single building will stands 34 storeys with 164 units at 1421 Yonge Street in Toronto.

The Clair Residences Highlights:

  • 24 hour Streetcar stop at doorstep
  • 2 minutes walk from St.Clair subway station
  • easy and fast commute to Downtown Toronto
  • Streetcar along the St. Clair Avenue can ride you to west Toronto
  • surrounded by major banks, supermarkets and restaurants
  • Nearby parks include David A. Balfour Park, Glenn Gould Park and Lionel Conacher Park.Square Park

Award-winning Hariri Pontarini Architects has designed spacious wrap-around balconies that dissolve the boundary between indoors and outdoors, creating ‘terraces in the sky’ with views of parks and city skyline.

Top 5 Reasons to invest in The Clair Residences

1.Location

Midtown is a neighbourhood of Toronto known for it’s big skyscrapers, major banks, office towers, and parks. Next to one of Toronto’s many beautiful leafy ravines, the Deer Park neighbourhood has a charming mix of glossy buildings, and greenspaces, with tiny historic homes, some which now are home to cute little pocket-size five-star restaurants, and little bodegas. 

Midtown is the perfect place to invest for buyers looking for an exciting urban area, but also retains close connections to nature, thanks to Toronto’s well-known ravine system. The Rosehill Reservoir, and the Beltline Bicycle Trail provide for beautiful escapes right out your front door. 

Deer Park is known as a relatively affluent area of Toronto, but it’s close proximity to the University of Toronto and Ryersons University means that students and young professionals often take up apartments and homes in the area, breathing life and energy into the neighbourhood. To the west, the Annex is another stylish neighbourhood of the city, with iconic buildings like Casa Loma, and exciting theatres and venues like Lee’s Palace, the Ted Rogers Hot Docs Cinema, and many more. The Yonge and Eglinton area to the north meanwhile, has been known as a urban growth area, with fantastic dining, shopping and attractions. 

Midtown itself, is home to come of the city’s best shopping, with the Yorkville neighbourhood right nearby – once a historic epicentre for music and culture in the city, Yorkville is now a charming residential-style neighbourhood with high-end shopping like Anthropologie and Holt Renfrew. Other world-class attractions include the famous Royal Ontario Museum.

2.Amenities

This project is still in the negotiation and pre-development phase, and details are only just starting to come out. But the proposal sets the goal of 164 residential units in the tower, with a mixed-use base podium on the ground floor. About two thirds of the proposed units will be one-bedrooms, and the other third will be two-bedrooms.

The building has been designed by the award-winning Hariri Pontarini Architects firm, and is characterized by a beautiful glass tower with a green roof, and a beautiful communal terrace patio. This space will be the perfect spot to host outdoor parties with friends and family, or just sunbathe on a beautiful summer day. Individual units will have their own access to fresh air and views, with spacious wrap-around balconies, creating, as they put it: “terraces in the sky”. 

While details have yet to be finalized, these general amenities are confirmed. The developers are also applying for a four-level underground parking garage to provide ample space for owners to park, as well as space for bicycles. 

3.Transit Options

The Clair Residences is in a near-perfect 94 out of 100 walk score, and an 87 out of 100 transit score. This means that residents will enjoy access to just about anything they could ever need, all within either a few minutes walk, or just a quick hop onto the subway.

With a 24-hour streetcar stop at your front door, and only a 2 minute walk from St. Clair Subway Station, The Clair Residence is in a perfect location for easy transit into the downtown core. Union Station is less than 20 minutes away by subway. From here, travellers, commuters and explorers alike have seemingly unlimited options. The UP Express Train connects Union to Lester B. Pearson International Airport in Mississauga, the GO Transit infrastructure runs commuter rail lines across the entire GTA and beyond, and VIA Rail provides inter-city transit along the Quebec-Windsor Corridor, the most populous region in all of Canada. 

Yonge Street, meanwhile, the most famous, and busiest road in Toronto, is one of the longest streets in the world, and carries all the way north to Barrie. Other major streets in Toronto, Dundas, Bloor, Queen, King, and University form a grid foundation for which the entire city’s transit network rests. Travelling across the GTA is simple even just from these main streets which carry off in every direction towards the eastern and western reaches of the GTA, like Scarborough, Durham Region, Etobicoke, Peel Region and Halton Region to the east and west, as well as York Region in the north. 

4.The Developer

Great Gulf is a development company that has built a name for itself across North America. Known for their residential homes, commercial spaces and resort destinations, they are a well-respected firm that has recently received a number of industry accolades, including the Project of the Year Award from the 2016 OHBA Awards. While most of their developments are located in the GTA, they’ve also been busy developing in Alberta, Texas, Florida and Washington DC.

Great Gulf is one of the most recognizable names in the Toronto development scene, and are highly regarded after a successful phase developing projects across North America, including Alberta, Texas, Florida, Washington D.C. and more. With a heavy emphasis on sustainability, Great Gulf has been a leader in the movement to creating more green spaces and applying state-of-the-art methods to ensure their developments set the bar for 21st century construction. 

Having won awards like OHBA Award, and the Mississauga Urban Design Awards in 2016, a great deal of the firm’s success, according to President Christopher K. Wein is focusing on innovation. Over 20 years, Great Gulf has ensured excellent by keeping up-to-date with their methods. 

Great Gulf carries with it a reputation of the highest-quality, and that has continued in the past decades after collaborations with award-winning, venerated architects like Moshe Safdie to develop along Toronto’s waterfront. 

Approaching their projects with collaboration and optimism in mind, Great Gulf is an essential part of the condominium scene in Toronto, and will no doubt continue to make their mark on the Toronto skyline. 

5.Investment Opportunities

Midtown has seen some of the most radical change in all over toronto over the past 50 years. Neighbourhoods have transformed rapidly as progress and urban density have demanded so much from the area. As populations continue to densify, Condos will continue to be the natural choice. We see development strategies from places like Yonge & Eglinton beginning to spread outward, with more high-rise buildings sprouting up in the Annex, and Davisville, among others.

Unused or closed down factories and other lands are being repurposed into thriving community hubs and mixed-used buildings. It’s said that within the next twenty years, Toronto will have more high-rise condominium buildings than any other city in the world, and as single professionals continue to prefer downtown and midtown life when compared to more suburban options, it’s expected that demand for condos will continue to rise even after that boom has levelled-off. 

Average selling price of pre-construction condos in Toronto is at a healthy high $400K range, meaning that despite all the existing developments, the hunger for new properties is alive and well and now is still an excellent time to invest in the projects throughout Midtown. 

Property Features

  • DEVELOPER: Great Gulf Homes, Terracap
  • ARCHITECT(S): Hariri Pontarini Architects
  • UNITS: 164
  • STOREYS: 34
  • ESTIMATED COMPLETION DATE:


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