CASA 2 at 42 Charles Street East, is Cresfords newest condo development,in Yorkville, downtown Toronto, Canada's most famous neighborhood. This building is going to be at the YMCA's current location. At 58 stories high this building is going to be designed by Missoni. Units will be priced from the low 200's.
Studio & Junior 1 Bedroom Suites Starting from the low $200's 1 Bedroom & 1 Bedroom & Den Suites starting from the mid $300's *Best Value at Yonge & Bloor, 2 Bedroom Suites starting from the low $400's*
The VIP event for CASA2 will be held March 31st 2012, so if you're interested in investing in this building, give me a call at 416-625-6095 or sign up for my VIP guest list(Click here)
The former YMCA building at 42 Charles Street East (across the street from Chaz on Charles) purchased by Cresford (of NXT, NXT2, Casa, BSN and Merton-Yonge-Condos fame).
The new tower (CASA 2) will stand 58-storeys (dwarfing CASA which stands 46 storeys). It will feature a 4 storey podium, with access from both Charles Street and Hayden Street. 42 Charles Street East will have 570 residential units, 215 parking spaces, and 203 bicycle spaces.
Cresford Developments has been focusing on Charles St recently, with its CASA development at 33 Charles Street West and Bloor Street Neighbourhood development at 38 Charles St. This site should be another great success as Charles Street East in general has also been popular with both developers and end users in the past few years, with 77 Charles West by Aspen Ridge Homes and Chaz on Charles by Edenshaw Homes on 45 Charles St. East, which are all doing very well.
According to Urbanation, number cruncher to the development industry, 16000 new condo units are expected to come to Toronto this year (5500 will be in the downtown core) The Yonge and Bloor area is set to become a $900/sq. foot neighbourhood in the next few years. With the the launch of many luxury condos in the area, it can only go up from here. Toronto real estate prices will continue to rise in value and this area is still number one for young hip professional and investors alike.
Downtown Toronto remains one of the safest – if not the safest – place to live in the city. Charles Street is located on the border of Yorkville and Church & Wellesley. Just a short walk from everything; Star studded art galleries, bars, restaurants, clubs and shopping in Yorkville. The neighbourhood has seen some major new condominium developments in the last few years, boasting developments such as: X, X2 (Great Gulf Homes), 77 Charles Street (Aspen Ridge), Chaz on Charles (Edenshaw), Casa (Cresford).
This is sure to be an investment opportunity of a lifetime. This 58 storey Triple A Condo has spectacular views of the city and is just steps from the Yonge and Bloor Subway lines.