Toronto development firm MOD Developments just launched a collection of 10 luxury townhouses at 55C Bloor Yorkville Residences—a project currently under construction and set for completion in 2023.
Starting from $1.3 million, the units average between 1,009 and 1,684 square feet with two-storeys of living space.
Located off of Charles Street, the townhouses have a grade-related entrance which is accessible from the landscaped private mews or from Macy Dubois Lane. Once inside, each townhouse will have a “back door” in their suite which connects them to a ground-floor corridor. From there, future residents will have access to the concierge, lobby,
underground parking garage, and more than 20,000 square feet of amenity space.
“It was always the intent to have a variety of unit designs and sizes at 55C and the townhouses were envisioned from the beginning as a sophisticated blend of the urban aesthetic of the tower suites, combined with the features of a two-storey home in terms of accessibility and spaciousness,” said Gary Switzer, CEO of MOD Developments. “The desire for home offices and outdoor living space in light of the pandemic is somewhat coincidental, though creates an important conversation about the downtown housing market and affordability.”
Over the past year, Toronto has quickly seen townhomes become one of the most sought-after properties in the Greater Toronto Area due to a large majority of the population having to work remotely. The Toronto Regional Real Estate Board’s (TRREB) home-buying intentions poll showed that three-quarters of respondents were interested in buying a more “ground-oriented” home to better separate their personal life from their workspace.
“The detached home market is seeing a surge in popularity, however, there is still an issue of
affordability,” said Noorez Lalani, president of MOD Developments. “Townhouses provide a happy medium between detached homes and condominiums. Having this housing type, at this price point, steps away from Yonge and Bloor make these homes exceptional.”
55C Bloor Yorkville Residences is designed by architectsAlliance and will feature 48 storeys and 641 units. Luxury amenities include a fully-equipped gym, yoga studio, and a multi-purpose, indoor/outdoor lounge.
55C Bloor Yorkville Residences is on track for completion in 2023.
