Description
CityPlace condos are known for their affordability, making them well worth a look if you're a first-time buyer on a tight budget.
CityPlace is a neighbourhood worth considering for your first condo because you get a lot of bang for your buck and with most residents being under the age of 35, there’s a youthful energy to Toronto’s CityPlace that’s very appealing to a lot of buyers. The quality of construction and level of amenities varies though so make sure you work with a knowledgeable Toronto Realtor who really knows the area and each building's history.
One of the more exciting developments is Luna Vista with its panoramic lakefront views and luxury amenities such as a theatre, billiards room, heated whirlpool, lap pool and onsite yoga, as well as the more typical amenities like a gym, sauna and guest suites.
Another new build, Apex at CityPlace has two towers that run along Front Street West, the northern border of CityPlace. This gives residents the benefit of surrounding neighbourhood amenities, being located just steps to St. Lawrence Market and King West.
Best For
Young professionals looking for affordable Toronto condo living with top-notch amenities.
The affordability, newness the condo buildings and volume of listings makes CityPlace particularly attractive to first-time buyers.
Overview
With the boom in new condos for sale in Toronto over the last decade, it was only a matter of time before an entire downtown neighbourhood was formed around one condominium development project – welcome to CityPlace, the largest residential development ever created in Toronto.
Situated on former railway land in the southern tip of central Toronto, CityPlace by Concord Adex Developments is a master planned residential community with a series of high-rise condominiums and townhouses totalling over 6,000 homes.
Most buildings are now complete and so there's usually a decent stock of CityPlace condos for sale on the market.
Why We Love CityPlace
It’s a Mini-Me
For those who love the idea of city living but find Toronto a little large and overwhelming, CityPlace may be the choice for you. It’s a mini-city within the city, designed as a vibrant urban community close to other downtown neighbourhoods, but self-sufficient at the same time.
Because it’s a purpose-built development, it has been carefully planned to include not only residential buildings but also green space – the 20-acre Canoe Landing Park designed by Canadian artist and writer Douglas Coupland – along with conveniences like corner shops and cafes. Plus, some of the more well-stocked buildings have most services you need day-to-day.
It’s also next door to the 17-acre Roundhouse Park and local attractions like the Steam Whistle Brewing Company and Toronto Railway Heritage Centre, and a short walk to neighbouring hotspots King West and Harbourfront.
Its Amenities Are Amazing
CityPlace condo buyers tend to want tricked-out buildings including proper gyms (not just a closet with a few, tired-looking machines), pools, killer party rooms and common areas.
CityPlace condos offer some of the best amenities in the entire city. And you're getting these luxury-level amenities at bargain price-points.
- 24thLeast expensive out of 79 neighbourhoods in Downtown$593KAverage home value in CityPlace4.95%Year over year change in values
Historical Average Home Price in CityPlace