East 55 Project, Toronto, Canada

Toronto, Canada

Condo

Full ownership

Price - $237,867

Expected Rent - $1,428

Property

1

Bedrooms

1

Bathrooms

2018

Year Built

476

Property sq. ft.

0

Lot sq. ft.

$500

Price per sq. ft

East Fifty Five represents the best of Toronto’s dynamic resurgence as a world city. Located in the heart of Toronto’s Lower East Side, East Fifty Five adheres to Lamb Development Corporation’s strict policy of beauty and excellence in architecture and design. East Fifty Five stands for simple clean lines and the “less is more” type of ideology with modern architecture. Just two materials are being used to clad East Fifty Five, white precast and black obsidian brick. Simple, strong, clean and beautiful.


Location

Toronto’s Lower East Side is the “newest and next” most exciting neighborhood. Live in the heart of downtown with this development that has great amenities and a spectacular modern architectural design. With direct access to both the King and Queen street car lines, this will be a project based on convenience.


Market

Population Growth - 1.35% per year
Population Density - 4150 persons per km²
Median Age - 37
Median Income - $54,240

Note that the average cost per square foot is $600 for the area which has been in strong demand and has very little completed supply. The lower east side of Toronto has not had many high-rise developments and the East 55 Condos will definitely stand out.


Finance

The rent price is estimated according to other assets in the area provided by the developer and does not guarantee actual rent price. The price is 314900 Canadian Dollar. The calculated price rate was 0.74 USD = 1 CAD as to date 20/12/2016. Note, that currency value may vary, please check the up-to-date price by today's currency rate.

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