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The New Lawrence Heights

From $ 1,189,900
Varna Drive & Ranee Avenue, North York, Toronto, Lawrence Heights
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2146

Description

In October 2018,  preparations began for a new master-planned community in Lawrence Heights neighbourhood of Toronto. the district’s revitalization is one of the most ambitious redevelopment projects Toronto has ever seen. The project is centered on The New Lawrence Heights, a freehold townhouse community that will catalyze a huge leap forward for the surrounding area.

Phases 1 & 2 are Sold Out. New Phase Is Now Selling

Quick Facts
Project Name The New Lawrence Heights
Building Type Townhome
Location Ranee Ave & Allen Road, Toronto, Ontario
Development Team Metropia & Context
Starting Price From $1,189,900
Number of Storeys 3-Storey Freehold Towns- up to 2 car garage
Number of Units TBA
Unit Sizes 2,004 sq.ft – 2,740 sq.ft with legal secondary suites, upto 4+1 bdrms
Sales Status Now Selling
Expected Completion End of 2023

The New Lawrence Heights: Project Overview

The original Lawrence Heights community was completed in 1962. It consisted of large, nondescript blocks of community housing, cookie-cutter detached homes, and a confusing web of dead-end streets. Construction crews began demolishing it in 2018, preparing for an innovative new 100-acre (40.5-hectare) master-planned development to rise in its place.

The New Lawrence Heights is a townhome community that will serve as the centerpiece of the area’s revitalization. Built on a 25-acre (10.1-hectare) plot of land on Ranee Avenue near Flemingdon Road, these new North Toronto homes will include:

  • 224 three-storey freehold townhouses
  • Layouts ranging from three to five bedrooms
  • Two-car parking with every unit

These row-style freehold townhouses are to be located just east of the Yorkdale Condominiums, a new high-density development that sold out very quickly. Due to the revitalization project’s high profile (as well as the promising future of Lawrence Heights as a whole), developers and industry experts anticipate The New Lawrence Heights to generate similar results.

Comparisons have been made to the sweeping overhaul of Regent Park-one of the most successful revitalization projects in Toronto in the past few decades. While the project will take years to reach full completion, it will result in a walkable, mixed-income, mixed-use, and highly connected community.

new lawrence heights

Location Profile

The stated goal of the developers is to reintegrate Lawrence Heights with the rest of Toronto. Known for its isolation and disconnectedness, the original Lawrence Heights had good intentions but didn’t create the kind of community city officials envisioned. The New Lawrence Heights is going to change that, as it was purpose-built to create close-knit bonds among residents.

These new North Toronto homes will benefit from Lawrence Heights’ strategic location just west of the Allen Road expressway. The New Lawrence Heights will be situated just off the 401 and within easy walking distance of the Yorkdale TTC subway station. It is also very well-served by multiple local TTC bus lines. Developers and entrepreneurs will enhance its already strong convenience profile, which is highlighted by Yorkdale Shopping Centre and a strong collection of local businesses and restaurants.

Once complete, the sweeping redevelopment project is expected to achieve numerous economic and social objectives:

  • A total of approximately 5,000 new homes will completely revitalize the area
  • All 1,200-plus existing community housing units will be replaced
  • The creation of thousands of new jobs
  • The City of Toronto will build state-of-the-art community facilities
  • A mixed-use, mixed-income demographic profile will create one of the city’s most diverse, inclusive, and interconnected communities

Best of all, these new North Toronto homes are affordably priced, as the developers are intent on preserving Lawrence Heights’ accessibility to people of varying income levels.

Invest In One of Toronto’s Most Promising Projects

The New Lawrence Heights represents more than just an exciting new chapter in Toronto’s history. It is also an outstanding investment opportunity. Lawrence Heights is home to some of the most affordable real estate in the city. However, the neighbourhood’s dramatic revitalization is highly likely to increase property values. By acting now, you will be able to secure one of these new North Toronto homes at current market prices, creating a situation that could lead to incredible returns.

Lawrence Heights is becoming a neighbourhood of the future. Residents of this amazing new community will be at the forefront of positive change. They will enjoy a connected and rewarding lifestyle all while benefiting from the economic value generated by the revitalization.

Address: Varna Drive & Ranee Avenue
State/County:
Country: Canada
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Property Id : 29343
Price: From $ 1,189,900
walkscore54 / Somewhat Walkable more details here
Developer

Metropia

Under the guidance of founder and CEO Howard Sokolowski, Metropia has grown into one of Toronto's most dynamic developers. The company is driven by a set of four core values: integrity, community, quality and customer care. Adhering to these principles has al[more]
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Co-Developer

context resized logo

Context

Toronto's cityscape is undergoing a rapid transformation, and Context is proud to be at the forefront of that change. As the city trends more and more to a walkable, transit-oriented living environment, the company focused on designing and constructing buildi[more]

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