If you are looking for a pre-construction investment opportunity in the King West area, look no further than Kingly Condos.
Kingly Condos was originally planned as a rental project by real estate giants Allied Investments and Riocan, but when Kathleen Wynne decided it was smart to play with the market, their plans changed. They didn’t want to enter an even more restrictive rental segment and decided to sell these units off as condos.
This project will consist of 133 residential units, along with a separate commercial building which will be the new home for Shopify, one of Canada’s fastest growing companies. Units will range from 416sqft up to 2800sqft for the penthouse units. The project is already under construction by Ellis Don, known for so many of the most important buildings in the city including the Skydome aka Rogers Centre. The nice thing about this is from the day you sign the contract, the turn around is anticipated at 18 months until you get the keys and can move in.
This will be one of the most luxurious buildings on the King West Strip in an area where there isn’t much room left to develop. Amenities will include everything you would expect in a building of this quality.
The commercial component as mentioned above will consist of 13 storeys and approximately 250,000 sqft of space. This will be known as the King-Portland Centre. Shopify and Indigo are planning to make this their headquarters and the ground floor retail is expected to be the new home to Buca restaurant.
Kingly Condos Building High Level Details
Development Name: Kingly Condos
Developer (s): Allied Properties REIT & RioCan REIT
Architect: Hariri Pontarini Architects
Sales: PSR Brokerage
Project Type: Condominiums & Commercial
Location: 620 King St W, Toronto, ON, M5V 1M5
Number of Floors: 15 storeys
Number of Units: 132 units
Unit Sizes: 416 sqft to 2800 sqft
Maintenance Fee: Around $0.70/sqft
Price Range: Fill Form Below For More Details
Date of completion: Estimated Completion Late 2018, early 2019
Platinum Broker VIP Access at Kingly Condos
Sales for the Kingly will begin on October 10th at my office at 625 King St W. If you want the absolute first access to this project contact me today. Don’t wait! Only qualified applicants will have first choice for the Platinum Broker VIP access as spaces are extremely limited.
Kingly Condos Pricing
Pricing information is expected in the next few weeks. If you would like to be notified as soon as this information is made available simply register below. Pricing is expected to be competitive for the area in the high $800s/sqft-$900s/sqft but can vary depending on the type of unit required.
Kingly Condos Rental Income
King West condos are currently renting around $4/sqft. Expect Kingly to be in this range.
Kingly Condos VIP Registration
Simply fill out the form below with any questions and to be notified when more details about the project are made available.