Overview
- Updated On:
- July 24, 2023
Description
Proposed as a nine-storey mid-rise with retail at street level and a range of residential units above, this project is slated to add a much-needed touch of contemporary architecture and lifestyle to the stretch. 529 Marlee Avenue is a pre-construction condominium under development in North York’s Glen Park neighbourhood.
Just a five-minute walk to the subway station, this development will also occupy a site just south of one of North York’s most exciting redevelopments, a massive transformation that spans 100 aces and is set to put this part of the city on the map in a big way.
This is a perfect investment opportunity for those who like the idea of being ahead of the trend.
Occupying two parcels of land at the northeast corner of Marlee and Glencairn Avenues, this project is proposed as a nine-storey building with just 84 units.
4,208 square metres of retail space will be incorporated at street level, which could take the form of anything from one large retailer to six smaller ones.
The above levels will house a range of residential units, including 28 one-bedroom, 24 one-bedroom-plus-den, 28 two-bedroom, two two-bedroom-plus-den and two three-bedroom units. Suites are expected to be on the spacious side, spanning from almost 700 square feet to over 1,200. 69 parking spaces in an underground garage will be included.
Residents will have access to 2,325 square feet of indoor amenity space, most likely in the form of a fitness centre and sleek entertaining space on the second floor. An outdoor amenity terrace spanning almost 400 square feet will also be included.
The architecture will combine both classic brick features and contemporary lines, creating a focal point in the neighbourhood, enhancing the streetscape and conveniently providing active pedestrian use.
Location & Neighbourhood
Condos in the Glen Park neighbourhood of North York are part of a growing trend, especially those along this stretch.
A leafy uptown neighbourhood that provides excellent access to major arteries, it’s been seeing an increase in urbanization, though not as rapid as some areas closer to the downtown core.
The area surrounding the condominium site has yet to see a significant increase in condominium proposals, which makes this a fantastic opportunity for investors. It has, however, seen proposals for a townhouse development, along with proposals for a new community centre and a secondary school.
It also happens to sit just south of what is arguably one of North York’s biggest transformation projects, a 100-acre redevelopment of the neighbourhood surrounding Yorkdale Shopping Centre. This is a massive project, set to significantly transform and modernize the region.
Aside from tree-lined streets and plentiful schools, this neighbourhood features subway access, with the condominium site being a mere five-minute walk from Glencairn station on the subway’s Line 1. The Allen Expressway is easy to get to for those driving, while the Eglinton Crosstown LRT will be just minutes away and is scheduled to be running in 2021, connecting residents with even more of the city’s best destinations.
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