Overview
- Updated On:
- January 27, 2023
Description
This new condo development is in the centre of everything from dining and shopping to job opportunities
The Webley Condos is a new mid-rise boutique condominium by Zinc Developments in Toronto. This mixed-use pre-construction project will sit at 121 Avenue Road, on the southeast corner of Avenue Road and Webster Avenue in the Yorkville neighbourhood.
With 11 spacious two-bedroom units, this is a project perfect for family living in the city. This mid-rise will boast mixed-use with both residential and retail space, making it ideal for end-use purchase as well as investors.
Designed by Cumulus Architects, The Webley Condos will boast a minimalist, sleek exterior complete with glass panelings.
The chic design and lavish boutique energy of the project makes it incredibly well suited for the neighbourhood, but also promises to help it stand out among the other buildings in the area.
The mid-rise is slated to stand where the St. Paul’s-Avenue Road United Church once did. It is proposed to rise 11 storeys high, at 34 metres. It will be comprised of 11 suites, all boasting two-bedroom units.
The units will be uncharacteristically spacious for a downtown condo, with most of the suites spanning 1,980 square feet. The building will hold two units each on floors 2 through to 5, with floors 6 and 7 each being home to one larger suite. The penthouse will exist on the 8th floor, and be 3,090 square feet large.
With such few expansive units, this real estate development is a boutique in every way — making it incredibly well suited for the luxurious Yorkville neighbourhood.
This real estate project will also feature 224 square metres of retail at store level. With roughly 31,400 square feet of residential space, its total gross floor area clocks in at around 33,809 square feet.
34 parking spaces will also be available on premises, as well as 18 bicycle parking spaces for cyclists.
Location & Neighbourhood
The Webley Condos borders two of Toronto’s trendiest neighbourhoods, The Annex and Yorkville. Yorkville is widely regarded as Toronto’s most affluent neighbourhood, with an average household income of well over $100K.
It is a small neighbourhood — Toronto’s 6th smallest to be exact — with a population of 9,990. This marks a 2.4% increase since the last census. It is this exclusivity that makes it a highly coveted region to live in and create businesses in.
This is the ideal place to buy or invest in a condo, as this is easily the most popular residential type in the area. In fact, condos makeup 81% of the neighbourhood’s overall sales — with the average condo price of roughly $1,114,544, sales and prices promise to increase in years to come.
Well known as The Mink Mile, this neighbourhood is home to a wide variety of fine dining and shops. You can expect brands like Tiffany & Co., Chanel, Louis Vuitton and Caritier at your fingertips. The second Nordstrom Rack in Ontario was also just opened along this strip.
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