[Recommendation]: Currently, all types of real estate, including townhouses, houses, and condominiums, in the entire Greater Toronto Area and small surrounding cities are rapidly rising in a competitive bidding format.
It is a well-known fact that once the prices of houses and townhouses are upgraded, as they have been, the prices of existing condos and condo pre-sales will also rise significantly, just like a few years ago.
Rather than buying existing real estate, which is uncertain and expensive due to the price explosion, we strongly recommend that you take advantage of the opportunity to purchase valuable and affordable condo pre-sales before their prices rise significantly, which can be predicted in advance.
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Encore (Phase 2) condominiums have been released in the heart of Toronto’s most popular area, the Entertainment District, following the success of Theatre District Condos.
(These condos are located very close to the currently available “400 King W” condominiums and are developed by the same construction company, Plazacorp.)
**We highly recommend them for their superior quality and prime location.
Speaking again about the Theatre District Condos (Phase 1 and 2), Plazacorp, known for their high-quality construction, is bringing this project to life in the heart of the Entertainment (Theatre) District, which is the most sought-after location among young people in downtown Toronto.
The Entertainment District is a romantic area for the young crowd in downtown, and the area easily accessible by foot to the subway station is the most preferred location by many. It consistently commands the highest prices for both rentals and purchases, offering the highest return on investment.
The Osgoode and St Andrew subway stations, which are a 5-6 minute walk away, provide access to the underground PATH network, connecting several downtown subway stations through underground pathways, including Dundas subway station to the east and Union station to the south.
OCAD University is a 5-6 minute walk away, and the University of Toronto, Ryerson University, and the Financial District are all within a comfortable 10-15 minute walking distance.
In particular, the Theatre District condos are directly connected to Metro Hall through the underground PATH network, offering warm and safe pedestrian access even in the cold winter months from the St Andrew subway station.
Additionally, the area is well-served by the 24-hour streetcar service along King and Queen Streets, and the streetcar system along Spadina Avenue heading west to the University of Toronto and the waterfront provides easy access to all shopping, dining, cultural, and artistic amenities in the surrounding area, meeting all the basic needs for a comfortable lifestyle.
(Walk Score : 100/100, Transit Score : 100/100)
Nearby facilities :
Rogers Centre,
CN Tower, Royal Alexander Theatre,
Roy Thompson Hall,
Princess of Wales Theatre, Second City,
Art Gallery of Ontario and TIFF Bell Lightbox
1. Location: Between Widmer Street (University and Spadina) and Adelaide Street (28 Widmer St).
2. Developer: Plazacorp.
3. Number of Floors: 52.
4. ENCORE (Phase 2) Available Units (North-facing Condos):
2 Bedrooms (27-52 floors): 672-768 sq ft, starting from $1,000,000.
3 Bedrooms (31-52 floors): 895-1,267 sq ft, starting from $1,200,000.
∨View Encore Floor Plans (Click)
5. Parking: $100,000 (Available for 3-bedroom units, Waitlist for other units).
6. Locker: $10,000 (Available for 2-bedroom units and above).
7. Estimated Occupancy: First half of 2023.
8. Deposit and Interim Payments (15% until occupancy):
Within 10 days of signing: 5%.
180 days after signing: 5%.
365 days after signing: 5%.
Occupancy: 1%.
Upon registration: 84%.
9. Platinum Incentives (Benefits):
Waived Assignment Fees.
Free Blind Installation.
Development Levies Cap: 1 Bedroom, 1+Den – $9,000; 2 Bedrooms – $10,500; 3 Bedrooms – $12,500.
Responsibility to issue necessary Mortgage Pre-Approval documentation upon contract signing.
10. Key Amenities:
Outdoor Swimming Pool, Sauna, Fitness Facilities, Gym, Yoga Studio, Party Room, and more.
11. Highlights:
• Walk Score: 100/100 – Walkable everywhere. Surrounded by restaurants, retail, nightlife & more
• Transit Score: 100/100 – world class public transportation within walking distance
• 5-6 minutes to St. Andrews subway station, 8 minutes to University of Toronto St. George Campus
This condominium development is also within easy walking distance of major downtown Toronto neighbourhoods and attractions including:
•Roy Thompson Hall & Princess of Wales Theatre
•TIFF Bell Lightbox, home of the Toronto International Film Festival
•The “Clubland” nightclub district
•The Bay Street financial district
•The University of Toronto’s main campus
•The PATH Network
Quick access to Toronto’s Entertainment & Theatre district
Quick Access to St. Andrew Subway Station
6 Km from University Of Toronto
2 km from Ryerson University
900 metres from OCAD University
Steps from Financial District
Near Roy Thompson Hall
Close to all amenities coffee shops, shops, restaurants and schools
Just few minutes from Downtown Core
Transit Score of 100/100
Walk Score of 100/100
