evo Condos + Towns is coming soon to Birchmount and Lawrence!
By Lucas on Sep 19, 2016
For years, Newinhomes.com has been predicting the rise of the east end of Toronto, and there’s now another new condo development to support our forecast. evo Condos + Towns by Lalu Canada is planned for Birchmount Road and Lawrence Avenue East where the Dorset Park, Wexford-Maryvale, and McGregor Park neighbourhoods merge.
evo Condos + Towns is a mixed-use development featuring residential and commercial space, with prices starting from the low $200,000s. One of the reasons we believe that the east end is an exciting area for new developments is because of the value. You simply get more square footage for your money.
Last month when Urbanation released their 2016 second quarter results for the Greater Toronto Area’s (GTA) new condo market, they announced that the average selling price per square foot in Toronto’s downtown core is growing faster than other parts of the city.
The average selling price per square foot for all of the GTA was $582. In the core, where supply is more limited and there’s stronger demand, the average went up by 4% to $662. The average price of unsold units went up even more to $724 per square foot, which is a 7% increase.
Numbers like that are the kind of numbers that price out a lot of buyers. Many singles and couples looking for a new condo unit in Toronto simply can’t afford to pay downtown core prices. They may work there, but living there isn’t really an option at this moment in time. That’s why the east end is so attractive to younger buyers.
Over the next few years, we’re going to see a lot of young people purchasing in the east end, and eventually, that’s where a good portion of Toronto’s new families will be growing. In the same report, Urbanation also points out that larger units are selling more than smaller units, so it’s clear that people intend on raising children in condo buildings.
Living at evo Condos + Towns
Birchmount and Lawrence is a unique location because the intersection serves as a hub of amenities for surrounding residential communities. There is a wide selection of banks, grocery stores, schools, shopping, parks, and restaurants, much of it within walking distance.
For groceries, there is a Food Basics nearby, and plenty of specialty food stores. If you’re dining out, a few of the nearby spots include an oyster bar, and Italian, Mediterranean, and Chinese cuisines. There are also a few coffee shops a few steps away from evo Condos + Towns.
If you’re a young couple planning on starting a family in the next few years, you’ll be happy to hear that there are many schools nearby, including Dorset Park Public School, St. Lawrence Catholic School, and General Crerar Public School.
Being within a close proximity to the Don Valley Parkway and Highway 401, anywhere in the GTA is easily accessible, and even Lake Ontario is a straight shot down Birchmount. It will only take you around 10 minutes by car to get to the water.
Register for evo Condos + Towns
Lalu is an international company with experience developing commercial projects, luxury resorts and hotels, and residential. evo Condos + Towns is the beginning of their Canadian story; they have many projects in progress in Southern Ontario.
Lalu Canada is now accepting registrations for evo Condos + Towns. To receive updates and an exclusive invitation to purchase, register now!
