E Condominiums enjoyed a lot of success and is currently sitting pretty at over 90% sold. Bazis Developments raised the bar with a unique looking tower featuring a cantilevered red glass amenity space that will be both eye catching from the outside and a hot spot for the residences inside.
The E Condominium Towers will be the crown jewels of the Yonge & Eglinton neighbourhood and will stand 64 and 46 storeys
E2 will feature a stunning roof top amenity space
The second phase of the development (dubbed "E2") is set to launch this fall and it is a project we think any investor should take a closer look at. Here are 5 reasons to get pumped for E2
1. The New Transit Line
The new Eglinton LRT is the absolute #1 reason we are bullish on Yonge & Eg. The new transit line is already under construction and will ultimately connect Pearson Airport to Scarborough and run straight through the existing Yonge line at Eglinton.
The new Eglinton LRT line will be a game changer for this neighbourhood
This is a major deal and Yonge & Eglinton will very quickly become a major hub once the line becomes active.
2. Rapid Neighbourhood Growth
Buoyed by the transit line, there appears to be an awful lot of dollars being pumped into the growth of Yonge & Eglinton. Rio Can have recently announced $100 million re-development of Yonge-Eglinton centre which will include more public space including a large stage (think Yonge & Dundas) and more shopping.
$100 Million to be invested into re-developing the Yonge-Eglinton Centre by RioCan
Rumours suggest Cadillac Fairview are eyeing a site in the neighbourhood for a 1 million square foot mall (similar size to Sherway Gardens) and Loblaws will be opening a 40,000 sq.ft. grocery store.
3. Direct Access to Transit and Underground Mall
There are a number of new condominium projects coming to Yonge & Eglinton - what really sets E Condominiums apart is the DIRECT connection to the transit system and underground mall at Yonge & Eglinton. Direct access to underground networks are a huge bonus especially given our harsh winters.
Residents will be able to access the underground transit network with a simple click in the elevator.
4. Near Perfect Walkscore
The site for E Condominiums is located at the CORNER of Yonge & Eglinton and boasts a Walkscore of "98" which makes it a walkers paradise. This tells us that there are all the major amenities (restaurants and bars, coffee shops, grocery stores, parks, schools, car and bike shares etc.) accessible within walking distance.
High Walkscore neighbourhoods typically boast high rental and resale rates.
5. Increasing Rental Rates
Yonge & Eglinton rental rates have been increasing at a rapid rate and today boast the same (if not higher) rental rates than the Downtown Core.
E Condominiums is one of our favourite projects and above we highlighted 5 reasons to get excited (and we didn't even mention the building itself which features excellent suite finishes, incredible amenities and breath taking views)
Interested in learning more about E2 as it becomes available? Simply complete the registration form below!