At the corner of Dufferin and Dupont, a new master-planned community is currently underway. In place of Galleria Shopping Centre, one of Toronto’s most anticipated and celebrated pre-construction projects is now unfolding.
In addition to luxurious residences and world-class amenities, Galleria on the Park is a master-planned community at the very centre of Toronto. Here, future residents will form a cultural district of their own and have access to a wide variety of community amenities. With lush greenspace, premium retail shopping and an expansive community centre on one footprint, the residents of Galleria are destined to have it all.
As Galleria 1 and 2 are currently under construction, ELAD Canada is now launching the sale of Galleria 3. This 31-storey tower will be situated at the corner of Dufferin and Dupont and will benefit from some of Galleria’s most coveted retail dwellings. Occupancy for Galleria 3 is set for 2024.
So, what can future residents of Galleria 3 expect from the both project and the surrounding community? Let’s take a closer look at what makes Galleria 3 the perfect project for both end-users and savvy investors.
Let’s face it, there’s no shortage of pre-construction projects within the city limits. But, in order for a pre-construction project to truly separate itself from the competition, it’s crucial to offer something unique to residents. For Galleria 3, this element of distinctiveness is an expertly crafted master-planned community. This bold and exciting community will surround each luxury residence and be connected via pedestrian walkways, tree-lined streets and cycle paths.
When yearning for a taste of the outdoors, residents can enjoy the eight-acre park conveniently located within the Galleria community. These natural landscapes are the perfect place to enjoy a taste of fresh air and kick back and relax. For sports and recreational activities, a 95,000 square foot community centre will be the ideal place to entertain young families. These world-class amenities will be constructed and readily available before residents are scheduled to move-in.
With over 300,000 square feet of retail spaces, residents will have access to anything and everything they need. From the city’s best gyms and innovative offices to luxury grocers and premium retail, the Galleria retail offerings will be the heart and soul of the community. After a long day, there’s no need to leave your community to pick-up the kids from daycare and grab your dinner essentials.
Of course, one of the most exciting aspects of Galleria 3 is that everything you need is right at your fingertips. Whether you’re on the hunt for the next best latte or your go-to cooking essentials, all can be found within the Galleria community.
If you’re looking to extend beyond, rest assured that the Wallace Emerson ‘hood is a good one. As this locale continues to gain more attention, some of the city’s best eats, drinks, event spaces and galleries are popping up. If you’re in the mood for a local brew, head to Blood Brothers Brewing and enjoy some of Toronto’s most celebrated suds. For those self-professed caffeine addicts, there’s certainly no shortage of great roasteries including Balzac’s Powerhouse and Hale Coffee Company.
As the Galleria project continues to unfold, residents can look forward to the neighbourhood continuing to expand even further. With the Galleria project offering over 3400 condo units in total, this will encourage an influx of residents, hotspots and attractions to the neighbourhood.
With thanks to its central location, Galleria on the Park is exceptionally well-served with transit options. For commuters, the centre of downtown can be accessed by public transit in less than 30 minutes. Streetcars, buses, subway stations and the Bloor Go Station are all located within a 15-minute walk from the centre of the community. Bicycle enthusiasts will also be happy to know that the Wallace Emerson neighbourhood is an exceptionally cycle-friendly zone.
Whatever your choice in transit may be, the central location of Galleria on the Park is sure to serve your transportation needs well.
If you’re looking for a pre-construction project unlike any other in central Toronto, now is the time to focus your attention on Galleria on the Park Phase 3. For both end users and investors, this is an incredible opportunity to be involved in Toronto’s newest and most coveted master-planned community. At the corner of Dufferin and Dupont, Galleria 3 residents can look forward to an urban life that is luxurious, innovative and well-connected to the city we’re so lucky to call home.
Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.
“Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will
be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence,” said Ms. Patel. Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including
detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto. The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6 per cent year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14 per cent year-over-year. Price growth was driven by the low-rise market segments. The relatively better supplied condominium apartment
segment experienced a comparatively slower pace of price growth.
“On a GTA-wide basis, market conditions tightened in September relative to last year, with sales increasing at a faster pace than new listings. With competition between buyers increasing noticeably, double-digit year-over-year price growth was commonplace throughout the region in September, resulting in the overall average selling price reaching a new record,” said Jason Mercer, TRREB’s Chief Market Analyst.
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Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree. “Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring,” said Ms. Patel. Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in new condominium apartment listings far outstripped growth in the other market segments. “Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market Analyst. The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions, which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark.
Located in the quiet, tree-lined neighborhood of Vinegar Hill, this is a spacious and bright 2-bedroom apartment with a home office and two balconies in a boutique 9-unit condominium. This keyed-elevator, floor-through apartment comes with ebony-stained solid oak plank flooring, carrara marble bathrooms and kitchen counters, and a wealth of customizations and fine details: The master bedroom and home office have steel and glass Mark Jupiter designed closet doors, styled to reflect the industrial history of DUMBO and Vinegar Hill, with Elfa closet systems inside. The home office has an entire wall of classic mid-century modern Vitsoe shelving. The expansive gourmet kitchen includes a custom-designed pantry with Paperstone cabinet fronts, along with a Fisher & Paykel refrigerator, Bertazzoni range and microwave, and a Bosch dishwasher. The master bathroom has a custom Mark Jupiter designed solid walnut vanity, Restoration Hardware sconces and Kohler fixtures. The living/dining room is a huge 23′ x 20′ space, a rare find in newer apartments. With wall-to-wall windows in every room, and an East-West orientation, the bedrooms are bathed in morning light and the living room enjoys brilliant afternoon sun.
Need some private outdoor space? This unit boasts two balconies: a large balcony off the living/dining room and a European-style balcony off the master bedroom. 105 square feet of outdoor space. A storage space in the basement is included. The building has low common charges and a 421a tax abatement that is in effect until 2029. Very convenient, central location: five minutes to the F and seven minutes to the A/C subways lines, just around the corner from the arts and culture of DUMBO, down the street from the East River and a few blocks away from the northern end of Brooklyn Bridge Park.
102 Gold Street 3F , Brooklyn, NY 11201
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