510 Yonge Street Condos is a new mixed-use high-rise condominium by KingSett Capital in Toronto. This 59-storey pre-construction development is located at 510 Yonge Street in the Church & Wellesley neighbourhood, just a 3 minute walk away from Wellesley Subway Station.
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A new innovative high-rise condominium with unique architecture is coming to the thriving area of Downtown Toronto.
This development will sitting on a 3-storey podium that will hold retail and commercial space. This tower will be an iconic new building that will bring over 5,000 square-feet of retail space, over 4,500 square-feet of space dedicated to a community hub and 500 residential units ranging from one to three bedrooms.
510 Yonge Street Condos will be built using the existing facades on Yonge Street. These existing buildings are considered heritage sites and the development will integrate the retention and conservation of these buildings. The 3-storey podium will be incorporated into the heritage site bringing in elements of old and new into the architectural design.
There will be 5,979 square-feet of retail space located on the ground floor to complement the thriving retail along Yonge Street. There will also be 4,530 square-feet of space dedicated to a community hub that will sit on the second level of the podium.
There will be over 21,000 square-feet of amenity space on the third floor of the podium including interior amenities and an outdoor terrace while the rest of the development will hold 500 residential units that will range from:
The wide-range of suite mixes will appeal to anyone from young professionals to growing families. This development will be designed by Quadrangle, a reputable architectural firm that will be responsible for creating this iconic tower. This tower will be sure to stand out with its rotated and rounded-edge floor plate, red cladding, large windows and metal balconies.
This tower is one of the many new buildings that is set to redefine Yonge Street. This area will soon incorporate more modern residential suites mixed with old heritage sites. Just steps from this development will be a new 1.6-acre public park. Dr. Lillian McGregor Park will be located along Wellesley Street between Bay and Yonge. This new park will include large walkways, open lawn space for lounging and picnics, an off-leash dog park, playgrounds, public art, lush landscaping and a central gathering space used as an outdoor performance centre.
Residents here can also easily access retail and restaurants. The development of the park will greatly increase the value of this property.
Being centrally located to Downtown Toronto means future residents will be close to many urban amenities from trendy restaurants, vibrant nightlife, local cafes and fresh food markets. This development is also close to shopping districts, employment hubs and many well-known schools including the University of Toronto, George Brown College and Ryerson University, each less than 5 minutes away. Understandably, this development scores an incredible 98 out of 100 on its Walk Score which means that you can access anything you need by foot.
510 Yonge Street Condos will also be near the healthcare hub in the area. Many hospitals nearby include Women’s College Hospital, Toronto General Hospital, Princess Margaret Hospital, Mount Sinai Hospital and The Hospital For Sick Children.
For shoppers, the CF Toronto Eaton Centre can be reached in just 5 minutes by transit. This shopping centre is considered a Canadian landmark and offers over 250 retail stores, restaurants and services
This area is surrounded by many major landmarks in the city such as Yonge-Dundas Square, Art Gallery of Ontario (AGO), Nathan-Phillip Square, CN Tower, ED Mirvish Theatre, Scotiabank Arena, Royal Ontario Museum (ROM) and the Rogers Centre.
This area also scores a near perfect 96 out of 100 on its Transit Score. There are two subway stations both less than a 5 minute walk away including Wellesley Station and College Station. Both stations run on the Yonge-University Line 1. Additionally, Bloor-Yonge Station can be accessed in just 5 minutes by foot. This station runs on the Bloor-Danforth Line 2, making travelling around the city a lot quicker and more convenient. There are also many bus lines and streetcar stops running through this development. Residents living in this neighbourhood will not need access to a car to get around in this area.
KingSett owns interests in over $9.0 billion of assets and is Canada’s leading private equity real estate investment business co-investing with institutional and high net worth individuals using active management to create premium risk weighted returns.
Founded in 2002, KingSett has successfully raised $6.4 billion of equity for its Growth, Income and Mortgage strategies and for which it has completed over $23 billion of acquisitions, dispositions and mortgage lending.