Grid Condo is a new project by renown builder CentreCourt Developments and it is a stunning 52-storeys high-rise tower (including a 4-storey podium) located at the corner of Jarvis and Dundas Streets. It is just doorsteps from Ryerson University and minute’s walk to everything! – Dundas Square, U of T, Financial District, Hospitals, Shops and Restaurants.
Student-oriented investment opportunities are very hot right now and yet there are very few out there. Projects like University Suites in Kingston and The Academy Condos in Scarborough were among the best selling condos in the country in 2014.
Here are a few reasons why you should invest in Grid Condos:
LOCATION: Grid Condos has a 97% Walk Score and is close to everything: University of Toronto, George Brown College, Dundas Square, The Underground Path System, The Subway, The Financial District, St. Michael’s, Toronto General, and Sick Kids Hospitals, Massey Hall, Fine dining, shops and entertainment
RYERSON FACTOR: The University has 38,000 students and is growing at an incredible pace (6,000 past two years). This has resulted in a massive shortage of on-campus housing and a growing need for off-campus accommodations.
RENTAL POTENTIAL: Huge Rental potential and positive cash flows from Ryerson’s 38,000 students and 15,000 Faculty Staff, and 10,000 Hospital Staff in the area. In all the 1+Den layouts of the Grid Condos, the Den can be used as a 2nd bedroom. Students sharing a condo typically pay an average of $900 per month each, giving you a rental income of $1800!
PRICED TO SELL: Grid Condos has been aggressively priced at this early bird stage at around $550/sqft., significantly lower than the older resale buildings in the area.
• 1 Bed – low-mid $200’s
• 1 Bed + Den (large) – high 200’s – low $300’s
• 2 Bed – low-mid $300’s
AMAZING FLOOR PLANS: A solid floor-plate has allowed the designers and engineers to create some of the best floor-plan designs I have ever seen in a condominium.
AMENITIES: Designed to drive higher rents including the 6,000 sqft. Grid Learning Centre for students, 3,000 sqft. Fitness Centre and 5,000 sqft. Outdoor Amenities.
DEVELOPER: CentreCourt Developments is behind some of the most successful downtown Toronto condo projects, such as the Peter Street Condos, Karma Condos, INDX Condos and Core Condos
The Grid Condos by CentreCourt in Toronto @ Ryerson University.
|DEVELOPMENT NAME||The Grid Condos|
|ADDRESS||181 Dundas Street East|
|NEIGHBOURHOOD/CITY||Ryerson University – Toronto|
|POSTAL CODE||M5A 1Z4|
|ESTIMATED COMPLETION||Fall 2018|
|ARCHITECT(S)||Page + Steele and IBI Group Architects|
|STARTING PRICE (Per Sq. Ft)||From the mid $200’s|
|FLOORS/UNITS||52 Storey – 534 Unit|
SPECIAL INCENTIVES FOR OUR CLIENTS:
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