Located at the intersection of Dufferin and Dupont in Toronto’s Wallace Emerson neighbourhood, Galleria on the Park Condos. A master-planned urban district, it will feature a total of eight high-rise residential complexes. On June 26, 2018, the City of Toronto approved an Official Plan application for Reimagine Galleria, an ambitious large-scale redevelopment of the Galleria Shopping Centre.
The visionary community will deliver nearly 3,000 new residential suites to one of the city’s fastest-growing areas. Hailed as a game-changing development by industry insiders and media sources, Reimagine Galleria will revitalize the surrounding area with almost 300,000 square feet of new commercial space, a massive state-of-the-art community centre, and an expansion of the neighbourhood’s centrepiece, Wallace Emerson Park.
|Project Name||Galleria On The park|
|Location||Dufferin Street & Dupont Street, Toronto, Ontario|
|Starting Price||High $600,000|
|Number of Storeys||2 Towers: 23 & 29|
|Number of Units||500|
|Unit Sizes||496 sq.ft – 1,051 sq.ft|
|Sales Status||Now Selling|
|Expected Completion||Spring 2024|
Galleria on the Park: Community Specifications
Current plans call for a new 95,000-square foot community centre to represent the first step of Reimagine Galleria’s Phase 1. It will become one of the largest public facilities of its type in Toronto, enriching the lives of community residents with a comprehensive lineup of programs, amenities, and activity spaces that will offer:
- Complete fitness facilities, including a swimming pool and well-equipped gym
- Multipurpose indoor sports and recreation areas
- Indoor and outdoor childcare facilities
- Community kitchens and multi-use rooms for telecommuters and home-office workers
Next, Almadev will turn its focus to the residential, commercial, retail, and park enlargement components of the project. Thousands of brand-new Dufferin-Dupont condos will be spread across eight striking high-rise towers, complemented by intelligent infrastructural and lifestyle improvements.
Wallace Emerson Park will grow to include a new free-form play centre, multipurpose sports fields, a BMX and skateboarding park, and seasonal skating rink. New landscapes will be added to the park, enhancing its existing beauty and expanding its foliage canopy and trail network.
Other key features of Almadev approved site plan include:
- On-site supermarkets and boutique retailers
- Up to 150 designated affordable housing units
- A complete range of suite layouts and floorplan configurations, including a dense concentration of larger family-friendly units
Galleria on the Park is inspired by forward-thinking urban development models known to increase social cohesion and optimize livability. It will deliver premium lifestyle features with a community-oriented focus, making it a groundbreaking turning point for Toronto’s future.
Reimagine Galleria Will Mark a Huge Step Forward for Wallace Emerson
Wallace Emerson already ranks as an appealing place to live. Centrally situated within easy reach of Toronto’s downtown core, the neighbourhood features a diverse land-use profile and continues to embrace a changing character. Historically a hub of manufacturing and industry, it is now forging a new identity as a family-friendly residential and commercial node.
City of Toronto statistics from 2016 note a localized growth rate that outpaces the overall citywide rate by almost 30%. This indicates that Wallace Emerson is very much on the radar of savvy city-dwellers looking to make a move into emerging neighbourhoods. Key advantages include:
- Easy access to multimodal public transportation options including TTC subway, streetcar, and bus service
- Direct connections to GO Transit
- A strong and diversifying job growth profile
- Adjacent to many other vibrant Toronto neighbourhoods, including The Annex, Corso Italia, Little Italy, and Bloordale Village
On the whole, Wallace Emerson appears poised to deliver better returns than many other parts of the city. It’s ripe for investment, and new Dufferin-Dupont condos in a landmark master-planned project like Galleria on the Park offer an outstanding market entry opportunity.
Reimagine Galleria Represents a Rare and Appealing Ownership and Investment Opportunity
When complete, Galleria on The Park Condos will launch a new chapter in Wallace Emerson’s history and solidify its standing as one of the city’s most vibrant and desirable lifestyle destinations. Redevelopments of this size and scale are rare, and these new condos is a sure bet to draw strong interest from investors and homebuyers seeking to take advantage of the community’s enriched and visionary character.
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