Overview
- Updated On:
- July 16, 2023
Description
This new condo project is a mixed-use pre-construction condominium development proposed by the Madison Group – who is developing another property adjacent to this site . 50 Eglinton Avenue West Condos is near the Yonge and Eglinton intersection in Toronto.
This midtown condominium will be a mixed-use project featuring two floors of retail and a selection of residential suites, including a larger than typical number of two and three-bedroom layouts. The project will incorporate the façade of the decommissioned hydro vault building, which currently occupies the site, making for a complementary transition of both old and new architecture.
Just steps from the subway station, the development takes advantage of a rapidly growing neighbourhood that has the potential to become one of the densest in Canada. A distinctly urban pocket where shopping, dining and entertainment options are at your fingertips, it’s a place that sees an extremely high demand for modern housing.
Occupying a site at the northwest corner of Eglinton Avenue West and Duplex Avenue, this development calls for a 36-storey building, consisting of a 2-3 storey podium and a tower rising above.
20,000 square feet of retail space is expected to be included within the podium, while 401 residential suites will occupy the tower. Responding to the growing need for two and three-bedroom units, the developers have proposed 92 two-bedroom and 40 three-bedroom suites, along with 269 one-bedroom units.
Many of these will have dens or flex spaces, for units that are functional and adaptable. 112 parking spaces will be included in a four-level underground garage, along with 402 bike spaces.
The building’s fourth floor will feature most of the amenities, including 5,758 square feet of outdoor amenity space, connected to 2,690 square feet of indoor amenity space. Both zones will feature opportunities for lounging, dining and recreation.
In addition, the building will incorporate a 2,000 square foot rooftop patio on the 36th floor, along with 6,458 square feet of indoor amenity space on the third floor. Stay tuned for more details about these amenities, because we predict they’ll be state-of-the-art.
The podium at the building will include the retained brick façade of the current building, while the tower will feature a contemporary look with glazing, making for two visually distinct but complementary massing forms.
Location & Neighbourhood
Yonge and Eglinton Condos are a great opportunity for young professionals and keen investors to take advantage of the GTA’s housing boom.
The intersection’s surrounding area has undergone a urbanization and now features a record number of new condominiums, ranging from the recently completed to the proposed and everything in between. With the number of pending developments here, it’s on track to become one of Canada’s most densely populated neighbourhoods.
In addition to the Eglinton subway station, which will take you into the heart of downtown in under 15 minutes, the intersection will also feature a stop on the upcoming crosstown LRT, which will make it one of the only in the city to feature rapid transit access in all four directions. Expected to be up and running by approximately 2020, the crosstown line will add 20 kilometres of light rail transit stretching from Scarborough all the way to the new Weston Road transit hub.
It’s a cosmopolitan neighbourhood that features upscale corporate offices and a wealth of high-end shopping and dining, including a multi-billion retail redevelopment. Almost everything you need is at your door, so it’s no wonder the pocket has become a coveted destination for executives, young professionals and those who crave a high-energy urban district to call home.
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