Collecdev is leading a wave of density development in North York’s “ConsumersNext” area with 2450 Victoria Park Avenue Condos, a master-planned multi-building community with a mixed-use profile that is drawing rave reviews and industry buzz. The project will add nearly 900 condominium units and urban townhouses to this well-served site at the southwest corner of Victoria Park Avenue and Consumers Road.
|Project Name||2450 Victoria Park Avenue Condos|
|Building Type||Condos & Townhomes|
|Location||Victoria Park Avenue & Sheppard Avenue East, Toronto, Ontario|
|Number of Storeys||TBA|
|Number of Units||1,247|
|Sales Status||Coming Soon|
2450 Victoria Park Avenue Condos: Project Overview
The 2450 Victoria Park Avenue Condos project includes residential, retail, and commercial development of a North York building site measuring 4.77 acres (1.93 hectares). Official proposals dating to the spring of 2018 follow up on densification studies intended to upgrade the residential profile of the Consumers Road Business Park area. The park hosts the highest concentration of office space in the GTA outside of Toronto’s downtown core and is the current home of approximately 18,000 jobs.
Exact plans are subject to change as the project moves through its development and approval phases, but the 2450 Victoria Park Avenue Condos community will be anchored by a pair of U-shaped towers, which will frame a privately owned publicly accessible space (POPS) including a new public park. It will also incorporate a new east-west road and multiple other mid-rise buildings, creating a master-planned self-contained node of residential, retail, and commercial activity.
Residential highlights include:
- A total of 895 new living units
- Condominiums and urban townhouses
- About 21,000 square feet (1,951 square metres) of landscaped green spaces and parkland
Further details will be forthcoming as the developers continue to work with city officials to finalize the ambitious proposal.
Municipal officials have identified this advantageous, job-rich location as a prime target for residential development. These new North York condos and townhouses will be situated directly north of the 401 and just west of the 404, while the future eastward extension of the TTC subway system’s Line 4 (Sheppard) would add a Victoria Park North station within easy walking distance.
Current public transportation options include a well-developed network of local bus routes with convenient connections to rapid transit. The closest existing TTC subway station is Don Mills on Line 4, which is about 10 minutes away by bus.
The “ConsumerNext” plan would dramatically change the face of the area, triggering a wave of high-density residential redevelopment. Over time, the neighbourhood would blossom into a job-rich northern node replete with retail and entertainment options to rival the liveliest sections of the city. Fairview Mall is also just a few minutes away by car or transit, giving future residents easy access to one of Toronto’s largest legacy shopping centres.
Now Is the Time to Invest in These New North York Condos
Investors and insiders have circled 2450 Victoria Park Avenue Condos, noting its excellent profit potential. It is one of the only new residential developments currently in the works for the area. With ongoing investment in this stretch of North York continuing to draw jobs, businesses, and new residents, owners of these beautiful master-planned homes are likely to benefit from high rates of appreciation and an early-mover advantage.
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