Address: 161 Parliament St,

City: Toronto

State/County: Ontario

Zip: M5A 2Z2

Country: Canada

Open In Google Maps

Overview

Updated On:
August 5, 2023

Description

A new development is headed to Corktown, at the corner of Queen Street East and Parliament Street. The project is a welcome addition to Toronto’s urban downtown core. Queen and Parliament Condos are a new development from One Properties, projected to sit in the heart of the city.

Considering its walking distance to the city’s waterfront, Entertainment District, Garden District and Distillery District neighbourhoods, investors will want to take notice as the mix-used tower’s prime location is undeniable. This project — and all it offers — is not something to miss out on.

Amenities

Complete with glass panelling and a sleek, grey and black exterior, the pre-construction development’s chic aesthetic is perfectly suited to its neighbourhood. The 1.2 acre site will feature a 6 storey podium, with a 16 storey residential mid-rise on its top. Together, the building will stand at 29 storeys. Its gross floor area amounts to 477,498 sq. ft. The tower’s ground floor will be home to approximately 15,000 square feet of retail. Two floors worth of retail space will be about 40,214 sq. ft.

Investors will want to take note of the large volume of units — 584 units to be exact — planned to fill the mixed-use building. Thanks to the grocer that will be taking up the tower’s second floor, residents and others in the area will be able to grocery shop with the utmost convenience. All residential suites will sit on top of the two floors.

Residents will also have access to a proposed 3,229.17 sq. ft. parkette at the corner of Queen Street East and Power Street, perfect for enjoying nice weather and the bustling neighbourhood. A variety of indoor and outdoor amenities will also be available to residents, not limited to green space and lockers. Good news for cyclists is that designated bicycle parking will be made available.

Limited information is available about the development’s amenities, however be sure to register with us for updated information.

Location & Neighbourhood

This development could not be placed in a more prime location for navigating the city — and its walkscore is the only proof you need. The project boasts a walk score of 98/100 and both a bike score and transit score of 100/100. Turns out, you really can get anywhere from this location. Investors will want to take note of the location’s ideal proximity to entertainment of all kinds, and the city’s major universities. Ryerson University, OCAD and University of Toronto campuses will all be easily accessible. Thanks to the subway extension, commuting to York University will also be substantially simple.

With access to TTC bus routes like the 301 Queen N.C., 502 Queen SC. and 502 Downtowner bus, students will be able to easily navigate the city to make it to early classes on time, and make it home quickly after late night classes. It’s also worth mentioning the tower’s proximity to the subway line as well.

Students wouldn’t be the only ones getting use of the convenient access to transit however, as business professionals would also be able to make the most of the proximity to the TTC. Getting to and from major working hubs in the city from the financial district to the entertainment district would be seamless and convenient. At this residence you’d truly be in the heart of it all, and getting from point A to point B will never be a dilemma.