Master-Planned Pickering City Centre Aims To Become Downtown Durham
A thrilling development is coming to the heart of Pickering and is ideally positioned to become an impressive gateway into Durham Region, forming its new downtown.
CentreCourt Developments is the developer of the 55-acre master-planned community known as Pickering City Centre. Future residents and investors will have access to every convenience thanks to the development’s proximity to excellent businesses, employment opportunities, and public transportation.
In September 2023, the first pre-construction phase of this master-planned community will begin with 2,100 suites in four magnificent high-rise condo towers. This region is planned to expand into a community of more than 10 buildings with parks, offices, retail, and other amenities.
The first condominium tower will have 500 units and be 45 stories tall. The first tower will have 30 storeys and 450 units; the second will be 40 storeys high with 450 units; the third will have 50 storeys and 550 units; and the fourth will soar to 55 storeys and 600 units. One and two-bedroom layouts with thoughtfully designed individual and family-ready suites will be offered.
The enviable array of luxurious, hotel-like amenities that these buildings will share includes a 20,000 square foot fitness center, a rooftop infinity pool, outdoor dining and BBQ areas, coworking and social spaces, a children’s playground, lovely green spaces, and a golf simulator. A total of 110,000 square feet will be devoted to amenities (roughly 75,000 outdoor and 35,000 indoor).
Reasons to Invest in the Durham Region and Pickering.
Despite being the largest geographically within the Greater Toronto Area, Durham Region only has 2% of all condos in the GTA, making it the region with the worst condo shortage. Pickering desperately needs more condos, as does the rest of Canada, due to the growing demand for affordable housing and the province’s mandate for job and population growth. Pickering City Centre is therefore an excellent location for investments.
As one of Ontario’s Urban Growth Centers, downtown Pickering is required to reach a minimum density goal of 200 persons and jobs per hectare by 2031. This translates to 32,000 people and jobs in Downtown Pickering overall, a significant increase over the 8,960 people and jobs counted in the 2016 census.
In order to achieve this audacious goal, the city is aiming for exciting growth in this area. In order to enhance the appeal of the city’s center, the City of Pickering plans to add parks, community spaces, a performing arts venue, a water feature/ice rink, a senior and youth center, public art, and more to Downtown Pickering.
Wonderful Facilities Throughout The Entire Community.
Pickering City Centre (PCC) has many wonderful features already, in addition to future neighborhood amenities that will turn Downtown Pickering into a bustling destination within the GTA.
Next to Pickering Town Centre, a bustling shopping center with an impressive 700,000 square feet of retail space that offers business convenience and numerous job opportunities, PCC occupies a prestigious location. Well-known stores like Saks OFF 5TH, HandM, Bath & Body Works, Foot Locker, Roots, Hudson’s Bay, and more are all easily accessible. The mall also has Farm Boy, The Beer Store, State & Main, Moxie’s, Jack Astor’s, and Cineplex VIP Cinemas.
Additionally, Pickering City Hall will be across the street from these condos, and Pickering GO Station and transportation hubs for the upcoming Durham-Scarborough BRT will be easily accessible by foot. It’s easy for commuters to get on the Lakeshore East GO line and head east to Oshawa in 20 minutes or west to Toronto in 50 minutes. After finishing the BRT, passengers can quickly make connections to Downtown Whitby, Downtown Oshawa, and Scarborough Town Centre.
With a tonne of fantastic features already in place and more to come, PCC provides investors with an excellent opportunity to purchase upscale pre-construction condo real estate.
One of Canada’s Fastest Growing Companies is CentreCourt.
One of Canada’s companies with the fastest growth rates, CentreCourt Developments has a solid track record. This residential high-rise developer began operations in 2010, and since then, it has amassed a portfolio of 20 towers (completed and under construction), more than 10,000 units, and $5.9 billion in development value. With 0 days of interim occupancy and 0 cancelled sites, CentreCourt is pleased to boast a spotless development history.
Invest now, invest early.
With Pickering City Centre’s initial phase, investors can currently get in on the ground floor. Future actions will add more parks, retail space, a luxury hotel, office buildings, and other attractions to PCC, increasing its value as a master-planned community. Investors can take advantage of today’s lowest price by making an investment in the first towers of this exciting project, which is expected to include more than ten towers, as we can anticipate that future towers will be priced higher as the master-planned community expands.
Investors should also be aware that PCC is anticipated to offer units at a price that is approximately 10% less than that of comparable projects in the area. These units will be the most affordable in the Greater Toronto Area. This pricing represents a significant value that you don’t want to pass up because it is nearly identical to resale units in Pickering.
Invest in this outstanding opportunity at Pickering City Centre before it goes public and take part in the exciting growth of the Durham Region.