CityPlace in Downtown, Toronto started out as a major revitalization of Downtown Toronto’s lake shore and entertainment corridor from Bathurst to Spadina Avenue. The neighbourhood is home to dozens of high-rise condominiums and is the largest residential area in Toronto. Price Per Square foot is average in Downtown Toronto in retrospect, this is due to a steady increase in supply every year by one builder that dominates the area. The neighbourhood is in close proximity to many popular tourist areas in Toronto, as well as transit and business areas. Many residential investors are evidently here driving rents to the mid to high range in the area due to the surge in supply. When compared to other neighbourhoods for condominiums in Toronto, Cityplace has been a more affordable living choice.
We track years of completed developments, we then look at potential new developments and take in consideration things like appeal (demand) and infrastructure (updates).
CityPlace is an extremely desirable and affluent residential area in Downtown Toronto combining an excellent location with good-quality housing. It is bordered on the north by Front Street, on the east by the Rogers Centre, on the south by Lake Shore Boulevard and on the west by Bathurst Street. CityPlace also has good access to Liberty Village, King Street, the bustling Financial District and Toronto’s waterfront.
The history of the area that is now CityPlace dates back to 1812 when after the war, peaceful times gave rise to industrialization. The demise of economic activity in the 1970s led to the re-development of this area with a new network of roads, parks, and infrastructure. In the early 2000s, CityPlace became a condominium development consisting of several high-rise buildings when Vancouver-based Concord Adex Developments unveiled its plans for a mammoth vibrant residential community.
Today CityPlace, located in the heart of downtown Toronto and steps away from Toronto’s waterfront, entertainment district and financial core, is a highly fashionable neighborhood, favored as an elite residential area. It boasts a series of phenomenal attractions including entertainment and nightlife amenities, shopping facilities and restaurants. The area is truly lively and energized but with a wonderfully exclusive and affluent feel. CityPlace is also home Canoe Landing Park, an 8-acre, a privately funded urban park featuring colorful sculptures by Canadian author and artist Douglas Coupland.
The neighborhood is also excellent in terms of public transport. Commuting is straightforward with the nearby Gardiner Expressway and Lakeshore Boulevard. The development is also serviced by the 509 Harbourfront, 510 Spadina and 511 Bathurst streetcar lines and has good access to Union Station.
For families looking to set up residence in Downtown Toronto, CityPlace has access to a number of great schools. So if you are considering Downtown Toronto properties and schools in the area, the neighborhood offers some of the very best of both within reasonable distances of one another.
In terms of residential property, CityPlace is a thriving neighborhood of urban professionals and young families. The master-planned residential community takes into account all the essential elements that define a superior quality of life from architecture and landscaping to streetlights and sidewalks. CityPlace buildings are also popular for their fabulous fitness centers, his and her steam rooms and pools as well as party rooms and manicured terraces and courtyards with barbeque facilities.