Description
Welcome to this stylish and new condo development coming to a growing east end neighbourhood.
40 Eglinton Square is a new high-rise condominium coming to Scarborough. This pre-construction development will be located at 40 Eglinton Square, the southwest corner of Eglinton Avenue East and Pharmacy Avenue in the Golden Mile neighbourhood.
This 30-storeys condominium development will add more retail, office and residential space to the area. So the time is now to get into owning a piece of modern-day living in the Golden Mile.
What makes 40 Eglinton Square Condos interesting is that it will bring a change from the typical high-rise structures in the area. The buildings, designed by Turner Fleischer Architects, will feature a series of base elements, balconies, grand glass windows to provide architectural interest and compliment the diverse streetscape of the area.
Occupying a 4.86-acre site means the developer has the opportunity to provide residential units of different sizes to appeal to any lifestyle. Investors can anticipate 326 suites in the first tower; however, all three buildings have distributed their units as follows:
- 431 1-bedroom units
- 347 2-bedroom units
- 114 3-bedroom units
Based on our information so far, there will be enough parking reserved for residents and visitors with 1,017 total parking with 20 at ground level and 997 underground. Additionally, there will be plenty of amenity space throughout the building, including 21,603 square feet of outdoor and indoor amenities.
This building will feature a contemporary architectural design with dark grey, black and white paneling as the levels gradually move up. To add dimension, the glass element will be displayed throughout the building’s design, with large windows strategically placed throughout each level and side of the development, as well as glass balconies. Register with us for more information as they become available.
Location & Neighbourhood
We’re excited about 40 Eglinton Square Condos because it sits within the city’s Golden Mile Focus Area, a portion of Eglinton Avenue where substantial growth is expected and being planned by the city. The surrounding area is expected to have over 12,000 new residential units and new jobs in the next 30 or 50 years.
Areas poised for significant growth make excellent investment opportunities, especially if you can purchase real estate while it’s still somewhat of a developing neighbourhood.
A considerable portion of this growth is due to anticipation of the Eglinton Crosstown LRT, which is expected to be up and running soon. This rapid transit system will connect Scarborough to other parts of the city like never before. In addition, the new LRT station will be located just steps from the development site, which is a great perk and will help accommodate the new residential density added by the development.
We also love the idea of investing in mixed-use communities like this project. Largely considered to be the housing style of the future, these are vibrant and desirable places to live that will be in high demand.
