New Condos in Alexandra Park, Toronto
Browse new pre-construction condos for sale in Alexandra Park. The list of projects on this page updates automatically, and each project page shows its prices, floor plans and availability.
Condo Prices in Alexandra Park
Prices for new condos in Alexandra Park depend on the building, the size of the home and its features. For today's prices, see current listings below.
New condos in Alexandra Park
Pre-construction condo projects in Alexandra Park that are selling now or launching soon. This list updates automatically.
MRKT Alexandra Park Condos
Chinatown-Alexandra Park, Toronto
From$1,055,000 - $1,795,000
Selected plan prices include the enhanced HST rebate. Eligibility conditions apply.516 - 1,475 sq ft
123 Portland Condos
Chinatown-Alexandra Park, Toronto
From$454,779 - $1,949,900
483 - 1,789 sq ft
Investing in the Alexandra Park Real Estate Market
Alexandra Park is a neighborhood in downtown Toronto that is surrounded by Dundas West to its north, Queen West to its south, Spadina to its east And Dundas to its west giving its residents multiple transit options. The neighborhood also used to have multiple low-rise houses but is filled with condos today. The neighborhood gets its name from a municipal park that goes by the same name which is located at Dundas and Bathurst Street's south-east corner.
This park in turn was named after Queen Alexandra who was the wife of the first monarch who visited Toronto, King Edward VII. Alexandra Park lies in central Toronto within the downtown Core and thanks to its prime location, it is in close proximity to some of the most vibrant neighbourhoods in Toronto. Thanks to this, the neighbourhood is ideal for working professionals who would otherwise have to spend much more time commuting. Toronto has seen exponential growths in terms of real estate prices each year and investing in a condo here can amount to a large sum in a few years.
Be it for your own use or for investment, buying a new condo in Toronto is always a lucrative option and having one in the downtown core makes it all the more worth it!
New Condo Developments in Alexandra Park and Reasons to Buy
The neighborhood of Alexandra Park consists of multiple greenery, making it a favorable place to live in. Alexandra Park is also home to some of the most iconic places in Downtown Toronto such as Chinatown, Fashion District, Entertainment District and Kensington Market, making it a very lively and happening place to live in. Residents in the area can literally get all their daily amenities within walking distance along with other luxury essentials such as restaurants, bars, cafes and much more.
The Fashion District which is also known as the Garment District was an iconic place which was home to multiple fabric production industries in Toronto. On the other hand, Chinatown is the best place to shop for home supplies as well as exotic spices and fresh produce. Kensington Market in the area has a very bohemian and colorful vibe with multiple cafes and bars. You will also witness several street performers in the area from time to time. The price of Real Estate in the area rises every year.
Alexandra Park is a pleasant and happening place to live in. Investing in condos in the area will not only guarantee income but also help in generating more revenue as the value of the condos will keep increasing annually.
Things to Do in Alexandra Park
Alexandra Park is surrounded by some of the most vibrant neighbourhoods in Toronto including The Entertainment District, Fashion District, Chinatown and Kensington Market. Fashion District, formerly known as Garment District has been one of the largest producers of fabric in the city of Toronto. Today it is a dynamic neighbourhood where the streets are lined with restaurants, cafes and bars. The famous Graffiti Alley can also be found here with visitors from all over the world.
Another neighbourhood easily accessible from here is Chinatown, which is regarded as one of the best places to shop in the Greater Toronto Area. You can get a hold of exotic spices as well as fresh produce from here and is also the best place to look for home supplies as you get the best deals. Kensington Market is another exciting place to visit and lies to the immediate north of this neighbourhood. This area has preserved its bohemian charm throughout the ages despite the development and changes in the surrounding areas.
Last but not the least, The Entertainment District is another exciting place that is easily accessible from this neighbourhood and has several places to visit. This neighbourhood has always been regarded as the spot and hub for nightclubs in Toronto. Today however this area is filled with posh restaurants and a plethora of entertainment options. The Rogers Centre as well as the Air Canada Centre are also located here and can be easily accessed even on foot.
Both these stadiums are home to some of the most celebrated professional sports teams including the Maple Leafs, Blue Jays and the Toronto Raptors.
- Alexandra Park lies in central Toronto within the downtown Core and thanks to its prime location, it is in close proximity to some of the most vibrant neighbourhoods in Toronto
- Alexandra Park is also home to some of the most iconic places in Downtown Toronto such as Chinatown, Fashion District, Entertainment District and Kensington Market
- Alexandra Park is also home to some of the most iconic places in Downtown Toronto such as Chinatown, Fashion District, Entertainment District and Kensington Market
- The Rogers Centre as well as the Air Canada Centre are also located here and can be easily accessed even on foot
Transit and Accessibility
Located at the heart of downtown, Alexandra Park is blessed with several transit options. There are streetcar services available here as its bordering streets happen to be inner city thoroughfares. A few minutes of walk from this neighborhood takes you to multiple subway stations such as the St. Patrick station and Osgoode which are a part of Line 1 Yonge-University. This line covers the financial district and goes all the way to Vaughan. Riders too are in for a treat thanks to the Gardiner Expressway which connects to other highways such as Queen Elizabeth Way, Don Valley Parkway and Ontario Highway 427.
The presence of these highways and public transit options make commuting a walk in the park for everyone in the neighborhood.
Questions About New Condos in Alexandra Park
Investing in a new condo development has many benefits, including the ability to customize your unit, earn a profit, and save money. Buyers can customize their units by changing features such as flooring and lighting or by requesting upgrades. Upon completion, the condo unit's value will also increase, resulting in a profit for the seller. Additionally, buying a pre-construction condo can help buyers save money since they avoid bidding wars that may cause them to go over budget.
If you move into your condo unit before the rest of the building is complete, this is what is known as the interim occupancy period, which lasts until the time when you are officially an owner (closing). The interim occupancy period can last up to six months, depending on the progress of construction. As the condominium is still undergoing construction, residents can occupy completed units at their discretion during this time. The homeowner is required to pay interim occupancy fees regardless of whether they move in during this period. Taxes, condominium fees, and interest charges on the remaining purchase price are included in the interim occupancy fee. Following the interim occupancy period, you will be informed of your final closing date. The final closing involves the transfer of ownership, and the building is then officially registered.
Final Closing occurs after interim occupancy and is when the title of ownership for the condo unit is transferred to the buyer. At closing, all units in the condominium building will be complete and interim occupancy fees will be ceased. In the final closing, buyers are required to pay closing costs, which include, but are not limited to, land transfer tax, legal fees, and HST rebate.