yonge & eglinton new condos Archives

Line 5 Condos is a lucrative new condos project coming up at Yonge Street and Eglinton Ave. Toronto. It is much awaited joint venture of Reserve Properties, Westdale Properties. The project is designed by IBI Group & U31, and the design is direct response to Torontonians for fundamental changes they want to see with a lifestyle.

Line 5 Condos

Line 5 Condos South

Phase 1 is Sold Out. Register now for buying unit at phase 2 (South Tower); selling now. SPECIAL LIMITED TIME 10% DEPOSIT STRUCTURE (Canadian Resident) & 20% FOR NON RESIDENT

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Details of Line 5 Condos

No. of floors –35
No. of units – 882
Suites Starting floor- 2
Number of suites/floor – TBA
Development Name- Line 5 Condos, Line 5 Condos South Tower
Developer (s) – Reserve Properties, Westdale Properties
Architects – IBI Group
Landscape Architect – TBA
Interior Designer – U31
Sq footage from – TBA
Available in Studio, 1 BR, 1 BR+Den, 2 BR, 2BR+Den, 3BR
No. of Floor plans – TBA

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Video of Line 5 Condos Project

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Line 5 Condos – Yonge Street and Eglinton Ave Neighborhood-

Line 5 Condos is located in the neighbourhood of Yonge and Eglinton, which has become one of the fastest and largest employment centre.

Over $100 million has been spent recently to re-develop and upgrade this neighborhood. This new vibrant and modern development offers you everything from LCBO, Winners, Goodlife fitness to Sephora and many more. There are plenty of recreation opportunities available like eateries, theatres, clubs, parks and historical Casaloma.

Another good news is that new 19 km LRT will begin from 2021, which will reduce travel time. It will also link Pearson Airport to Scarborough. Transit, which includes GO station, subway station will be very easily accessible. With a near perfect walk score of 80/100, Line 5 Condos is a walker’s paradise. Grocery stores, coffee shops, bars etc are just within walking distance.

Highlights and why to buy condo or invest in Line 5 Condos & Line 5 Condos South Tower

A small walk to Yonge Eglinton Centre
Steps to underground Yonge Subway line, the occupants can take a big advantage to travel to downtown, york & north york
Located near to upcoming Eglinton Crosstown LRT Lane, which will be already in existence by the time occupancy happens for this lucrative project
7.5 Km from University Of Toronto
7.8 km from OCAD University
Ryerson University is just 5.5 kms away
Located in the North Toronto neighborhood
Close to all amenities, banks, restaurants and schools
Transit Score of 88/100
Walk Score of 89/100
Bike Score 81/100

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Information for Investors of Line 5 Condominiums

Rentability – Neighborhood vacancy rates below 1% with less than 10 days on market
Rental Appreciation – Rental rates appreciated an average more than 8 % year over year (Source – Toronto Real Estate Board)
Rental Rates in the area range with the following-
1 Bedroom- $1900- $2250; Median- $1980
1 Bedroom + Den- $2000-$2320, Median – $2040
2 Bedrooms- $2600-$3000
2 Bedroom + Den- $2850 -$3300; Median – $3050. Bigger Penthouses even rented higher upto $5600 per month

(These are last 90 days stats from the date of creating this webpage i. e. 2 Oct, 2018)