8 Elm on Yonge Condo | Toronto
8 Elm on Yonge Condos is a modern imposing brand new condominium development located at Elm Street in Toronto. The project, now in pre-construction stage, is by Capital Developments in conjunction with Reserve Properties. The nearest intersection is the vibrant Yonge-Dundas Square.
SummaryProject: 8 Elm on Yonge Condo | Toronto
Developer: Capital Developments
Address: 8 Elm St, Toronto, ON M5G 1G7
8 Elm on Yonge Condos will be a mixed-use 68-storey tower and consist of 819 suites that will include studio to 3-bedroom layouts. It will feature a 3-storey podium that will house commercial space.
The building will also consist of 7,814 sq. ft. of amenity space which will be located on the 4th, 5th 7th and 45th floors, with the indoor space on the 4th floor connecting to two outdoor amenity spaces. These outdoor amenity spaces will each span 600 sq. ft. on the north and south side of the condominium.
VIP Launch is slated for fall 2022.
8 Elm on Yonge Condos Highlights
- Located at an excellent location in Downtown Toronto’s Discovery District neighbourhood
- Has a Walk Score of 99/100, a perfect Walk Score of 100/100 and Bike Score of 94/100
- Located 3 minutes to Dundas Station by foot
- Short walk to CF Toronto Eaton Centre
- Surrounded by many shopping, dining and entertainment options
- Close to schools
- Close to 5 major hospitals
- 4 minutes to Toronto Metropolitan University by foot
- Short drive or bus ride to George Brown College, the University of Toronto and OCAD University
- Close to parks including College Park, Larry Sefton Park and Sheard Parkette
8 Elm on YongeCondos is conveniently located at a spot with a perfect Transit Score of 100/100, which makes travelling across the city absolutely stress-free. Residents will be just steps to numerous TTC Bus and Streetcar routes.
They will also be within a 3-minute walking distance of Dundas Station, which is one of the stops on the Yonge-University Line. From here, they can get to Union Station in only 3 stops south, or alternatively travel 3 stops to the north so easily switch to the Bloor-Danforth Line.
Location and Neighbourhood
8 Elm on YongeCondos will be nestled in Toronto’s Downtown District. This is a vibrant commercial hub where residential development has been on a steady increase over the past couple of years. It is one of the most densely populated communities in Toronto as it offers the luxury of being just steps to the main corridors of downtown Toronto.
The area has many financial and corporate headquarters, plus an assortment of upscale eateries and bars. Going by the current estimates, 200,000 people work in this area.
The modern resident’s needs are changing and that is why we see many people opting to reside in places they can either walk or efficiently use public transportation to get to work.
Because of the density of employees in this neighbourhood, residential condominiums are unsurprisingly being proposed for the area. This makes it a great location to invest in.
The Toronto Metropolitan University, which was formerly known as Ryerson University, is located merely 4-minute walking distance from this upcoming residence. The university can only house 3.1% of the over 43,000 students on campus, meaning the demand for off-campus housing is very high.
About the developers
Capital Developments is a leading mixed-use real estate developer. The award-winning Toronto-based developer has been in the industry since 2006 and has roots in the global community mainly in Central and Eastern Europe. The firm has redefined the architecture as well as commercial culture in these regions.
Reserve Properties is a real estate developer boasting over 3 decades of experience in the building industry. The Toronto-based company has built more than 12,500 homes and 2 million sq. ft. of commercial spaces across Canada and the United States.