This two-bedroom, two-bathroom corner unit is located in a newly built building that is one of several Corktown district projects by Streetcar Developments, which focuses on smaller boutique buildings along Toronto’s streetcar lines.Obeo
510 KING ST. EAST, SUITE 616, TORONTO
Asking Price: $799,900
Taxes: To be determined
Fees: $787.78 a month covers water, heating and cooling, building insurance, common elements and parking for one car.
Agent: Andre Alves (Homelife/Realty One Ltd.)
The back story
This two-bedroom, two-bathroom corner unit is located in a newly built building that is one of several Corktown district projects by Streetcar Developments, which focuses on smaller boutique buildings along Toronto's streetcar lines. Corktown was the name originally given to the area east of downtown that was home to Irish immigrants throughout the 1800s – the Cork refers to County Cork, in Ireland. The building housing this suite is the last in a series of low-rise Streetcar buildings designed to blend in with pre-existing architecture found in the area.
"It's contributing to a nice blend of old and new without the high density of some of Toronto's high-rise condo neighbourhoods," says agent Andre Alves. Mr. Alves adds that the building benefits from its proximity to the massive West Donlands regeneration project taking place at the mouth of the Don River.
The redevelopment scheme encompass the new, 18-acre Don River Park as well as the Athletes' Village for the 2015 Pan Am Games. Located just a short stroll from this upcoming attraction, the building is also at the doorstep of two streetcar lines and within walking distance of the Distillery District, Leslieville and the St. Lawrence Market.
What's new
Everything about unit 616 is brand-spanking new. It is one of the few units left in the building that remains unoccupied. Boasting 1,363 square feet of living space in addition to 553 square feet of wraparound terrace, it also comes with 10-foot ceilings, polished concrete floors and two walls of windows to let in a flood of natural light.
The eat-in kitchen has new stainless steel appliances and a mosaic tile backsplash. The master bedroom has a large walk-in closet, four-piece ensuite bathroom and private access to the outdoor terrace. The full-size den features wood beams and exposed brick culled from the original commercial building that was razed to make way for the new development.
Best feature
The wraparound terrace has a built-in 34-foot-long garden planter. Cascading terraces with green hedge planting are a signature of the project, Mr. Alves says, and will be maintained by building management. Other green features include a specially designed roof planted with native grasses and drought-resistant plants to provide a habitat for birds. The plan is to irrigate using recycled storm water collected on the roof.