Victoria Boscariol, Toronto Real Estate agent

 

Yorkville Toronto Condominiums
37 Yorkville Avenue & 50 Cumberland Street

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50 Cumberland Street 37 Yorkville Avenue Footprint Yorkville Annex Toronto Condominiums Victoria Boscariol Chestnut Park Real Estate

Toronto City Council has approved the sale of the city owned Green P Yorkville Cumberland Parking Garage to Developer Minto.   Located directly south of the New Four Seasons Hotel & Private Residences, it started out as a surface parking lot in the mid-1950's and in 1974 was developed into a 1000 space parking garage.

27-37 Yorkville Avenue 50 Cumberland Street Annex Toronto Condominiums Victoria Boscariol Chestnut Park Real Estate Map

The footprint of this property expands across the entire city block as it fronts on both Yorkville Avenue to the north and Cumberland Street to the south.   The six storey garage has both a retail component with the Shops of the Village Arcade including Dinah's Cupboard and an office space component.

37 Yorkville Avenue 50 Cumberland Street Green P Parking Garage Annex Toronto Condominiums Victoria Boscariol Chestnut Park Real Estate

50 Cumberland Street 37 Yorkville Avenue Shops of the Village Arcade Annex Toronto Condominiums Victoria Boscariol Chestnut Park Real Estate

Developer Minto is proposing to build two condominium towers on the site, one 69 storeys (North Tower or Tower A) and the other 55 storeys high (South Tower or Tower B) which will house a total of 1166 residential condo units.  The 11 storey podium of the project will feature retail space on the first and second floors and then seven levels of above ground parking.

27-37 Yorkville Ave 50 Cumberland St Annex Toronto Condos Site Map Victoria Boscariol Chestnut Park Real Estate

Approximately 802 parking spots will be provided for public parking through the Toronto Parking Authority on floors three to nine.  Three levels of underground parking, 370 spaces, will be alloted for residents of the condominium towers and accessed from Cumberland Street.

 

27-37 Yorkville Ave 50 Cumberland St Annex Toronto Condos Victoria Boscariol Chestnut Park Real Estate

The North Tower or Tower A will have a total of 655 residential condo units with a proposed breakdown of:

52 Studios or Bachelors
484 One Bedroom Units
107 Two Bedroom Units
12 Penthouses

The South Tower or Tower B will have a total of 511 residential condominium units with a proposed breakdown of:

52 Studios or Bachelors
364 One Bedroom Units
83 Two Bedroom Units
12 Penthouse Units

With the sale slated to close in 2015 the design work is in the early stages. Initially as the project goes into the construction phase, the Yorkville neighbourhood will lose 1000 parking spaces and then it will gain back 800 public parking spaces once the project is complete.

ALERT ME WHEN UNITS BECOME AVAILABLE FOR SALE IN THIS PROJECT THAT MEET MY REQUIREMENTS

SEE MAP OF YORKVILLE ANNEX CONDOMINIUMS CURRENTLY AVAILABLE FOR SALE

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto?
How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Yorkville?  Don't forget to bring your own representation to the sales office

Map Location of 50 Cumberland Street

 


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Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites, the units with the great floor plans, clear views and in the good buildings sell right away. Top valued condos sell within days and if you want the opportunity ...

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