Theory Condos, Parallax Development Corporation’s newest development, will rise 30 storeys in a prime downtown Toronto location, steps to U of T’s St. George campus.
Located on College Street where St. George turns into Beverley Street, in Toronto’s Kensington-Chinatown neighbourhood, Theory Condos’ location is steps to everything. With a Walk Score of 97/100, this area truly is a walker’s paradise. Notable Toronto landmarks, Queen’s Park, City Hall, Nathan Philips Square, Toronto’s hospital district, the ROM, AGO, Kensington Market and Toronto Eaton Centre are all easily accessible by foot. Numerous shopping, dining and entertainment options are also close by.
When it comes to academic life, Theory Condos is perfect for any student. Its locale is walking distance to U of T’s St.George Campus (consistently at the top of Canada’s university rankings), OCAD, and Ryerson University.
In terms of transit, Theory Condos’ location scores a perfect 100. It is a quick walk to the 506 Carlton and 510 Spadina streetcars, as well as Queen’s Park subway station, which connects you to the Yonge-University line and can get you to Union Station in minutes.
The building itself will be home to 309 units and breathtaking views of the city. Featuring a wide variety of amenities, the developer is labelling ‘amenities people will actually use’, Theory Condos will be anchored by a large Starbucks on the ground floor as well as an inviting lobby area with concierge. Second-floor amenities will total 4,800 square feet and consist of a fully-equipped fitness centre, with stretching room, bike storage and media lounge. If you are looking for a place to study, work, collaborate or connect with others, the innovation centre or lounge cafe are perfect options.
The seventh floor of the building will be home to an array of outdoor amenities. An outdoor yoga space, sun deck and covered lounge area with seating and shared barbecue area are ideal spaces to unwind and enjoy the outdoors. Inside, a party room and private dining room will make entertaining guests simple and elegant.
When it comes to the suites, the features and finishes selected are modern and contemporary. With floor plans ranging in size from 526-855 square feet, Theory is focusing their attention on sensible layouts, maximizing space and light and ensuring the ultimate in livability.
Due to its proximity to U of T, OCAD and even Ryerson University, this development provides excellent investment potential. With more students than dorm space, this area will continuously have a large rental population. Coupled with limited high-end, quality rental options currently and strong rental rates, Theory Condos represents a promising investment opportunity in the heart of the city.