Address: 259 Lake Shore Blvd E

City: Toronto

State/County: Ontario

Zip: M5A 3T7

Country: Canada

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Overview

Updated On:
September 18, 2023

Description

This new condo project on Toronto’s waterfront is an outstanding investment opportunity only minutes from Union Station and Corktown Station.

The Overstory Condos is a new mixed-use, high-rise condominium development by Dream Unlimited and Great Gulf in Toronto. This 61-storey pre-construction condo with 756 premium units is located at 259 Lake Shore Blvd E, near the intersection of Lower Sherbourne St and Gardiner Expressway in East Bayfront neighbourhood.

There will be units divided into 31 studios, 457 one-bedrooms, 194 two-bedrooms, and 74 three-bedrooms.

Amenities

The Overstory Condos steps from St. Lawrence Market and The Distillery District will be a striking addition to Easy Bayfront. The ever-changing angles of its terraces and its lush greenery will help it stand out as a modern work of art.

Suites will come with high-quality features and finishes that will blow you away. Floor-to-ceiling windows will invite a great deal of natural light into your home, while spacious balconies will give you plenty of room for some lounge chairs or a miniature garden.

Residents will be able to enjoy 2,863 square feet of outdoor amenities and 9,278 square feet of indoor amenities. The ground floor will include a convenient pet spa, mail room, package area, and plenty of storage space. What’s more, a grand lobby will wow residents and visitors alike. Additional amenities will be located on the twenty-fourth and sixty-first floors. While the uses of the indoor space have yet to be determined, the outdoor spaces will consist of two vast terraces with beautiful greenery and breathtaking views.

A four-storey, 36,543-square-foot community hub will elevate the lives of residents and the local community. There will be a private daycare facility with its own outdoor terraces on the second floor. This bright and welcoming space will be ideal for young families. Parents will be able to drop off their kids on the way to work without ever needing to make a detour.

The remainder of the community will be used for community support, education, co-working, healthcare facilities, and community art. There is also likely to be a theatre. Residents can experience the perks of urban living without even leaving their homes.

The building is part of block 1 in the Quayside master-planned community. Residents will share 3,125 bicycle parking spaces with the residents of blocks 1 and 2. Furthermore, blocks 1 and 3 will have a shared underground garage with 624 parking spaces.

A highlight of this development is the 64,745-square-foot community forest that will surround the three high-rises of block 1. You will be able to enjoy living in Downtown Toronto while also being surrounded by green space.

If you are looking to invest in a vibrant, mixed-use community in the centre of it all, you need look no further than this development.

Location & Neighbourhood

The Overstory Condos is located in a picturesque community steps away from public transit, amenities, and open spaces. Situated between the lakeshore and Toronto’s evolving cityscape, East Bayfront is the ideal place to live, work, and play.

This neighbourhood is a walker’s and rider’s paradise with an impressive Walk Score of 93 and a near-perfect Transit Score of 96. You will never need a car for daily errands.

A variety of bus and streetcar stops and streetcar stops are just steps away. Streetcar stops 503 Kingston Road and 504 King are within a ten-minute walk. The future Waterfront East LRT will also pass by this condo. This Light Rail Transit line will offer rapid transit service along Queens Quay from Union Station to Cherry Street. Moreover, its future extension will provide service to the Distillery District and Villiers Island.

Union Station is a sixteen-minute transit ride or an eight-minute drive away. Residents will be able to commute to work and school quickly and easily. Plus, the upcoming Ontario Line, a future 15.6-kilometre subway line extending from Flemingdon Park to Exhibition Place, will have a stop within walking distance. Once up and running, the Ontario Line will connect to lines 1, 2, and the under-construction Line 5. There will also be links to GO Train service lines Lakeshore East, Lakeshore West, and Stouffville. The line’s nearest station, Corktown Station, will be a ten-minute transit ride away.