In the MediaThe Star: Nowhere to go but up for Condominiums at Metro Park

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Back in 1967, Bryan Levy’s grandfather built one of his first rental properties at 25 St. Dennis Drive in North York. At the time, the area was one of the fastest growing suburbs of the city, with an expanding stock of brand new, luxurious apartment buildings.

Fast-forward 50-some years, and those buildings are showing their age. But Levy, CEO of DBS Developments, believes the new 37-storey Metro Park Condos tower his company is building (with 25 St. Dennis as the cornerstone) will usher in a new chapter for the area. “This is a first step toward revitalizing this amazing pocket of the city,” he says.

Centrally located, just south of the intersection at Don Mills and Eglinton, the Metro Park development will welcome its first occupants in May 2025. Its selling points include proximity to parks, culture (the Ontario Science Centre and the Aga Khan Museum) and some serious retail therapy (Shops at Don Mills) – everything that makes city life so compelling. But perhaps one of the biggest draws for buyers will be the unprecedented access the new build offers to various forms of transit.

Incomparable transit connections

One 2015 study found that Toronto property located near public transit sold at a 30 per cent premium. “The Metro Park location is really special because there are very few pockets in the city where there’s an amplified amount of transit infrastructure work actively under way,” says Ryan Rabinovich, founder of Rare Real Estate and the Listing Broker for the project.

The Eglinton Crosstown LRT due for completion next year puts multiple stations within walking distance of Metro Park, he points out, and it promises to zip residents across the city 60 per cent faster than previously. In addition, a major TTC bus terminal will be located at Science Centre station, and the Don Valley Parkway gets you downtown in 15 minutes.

Finally, the new Ontario Line – currently slated for completion by 2030 – runs from the nearby Science Centre station, offering quick downtown access. “When you buy real estate around existing infrastructure, it performs really well,” says Rabinovich. “But buying real estate in areas to which infrastructure is coming to, those are incredible growth opportunities for both end-users and investors.”

Homes to stand the test of time

Apart from its transit connections, Metro Park has much to offer to buyers, including the space and facilities young professionals and families crave. “Our two-bedroom units are about 15 per cent larger than what our competitors downtown are offering,” says Levy. “We feel it’s important for people to have that space.”

Levy’s experience with building rental housing meant it was imperative to him to consider the longevity and durability of the project’s finishes as well. For buyers, that means high-quality touches such as keyless entry doors, Kohler fixtures, Bosch appliances, luxury vinyl wood plank floors and extra-roomy balconies.

In addition, residents of the Metro Park project will have access to 25,000 feet of amenity space, including indoor and outdoor playgrounds, a combined gym and theatre, a wrap-around terrace with barbecues and seating, and a new public park.

For Levy, who has been involved in every phase of the Metro Park project, the project is an extension of his family’s connection and commitment to the area. “We know this area, and we know the people,” he says. “There’s a big demographic who have roots there and raised their families in the neighbourhood. But until recently, there simply weren’t any new buildings going up.”

For them and others, Metro Park offers a chance to own a home with access to the city, but without the high price tag of a downtown condo. “We have a lot of pride in that site,” says Levy. “It was important to me to get it right.”

More – https://www.thestar.com/sponsored_sections/2022/01/24/nowhere-to-go-but-up-for-condominiums-at-metro-park.html

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