The JAC Condos is a new high-rise mixed-use condominium development in Toronto by Graywood Developments Ltd. This new development will go as high as 34 storeys with 489 residential suites and will be located at 308 Jarvis Street just south of the corner of Jarvis and Carlton in the Garden District neighborhood of Toronto, which is regarded as one of the most central and renowned neighborhoods in the Greater Toronto Area. The JAC Condos will be built on the heritage home site at 308 – 214 Jarvis Street which is regarded as one of the most central locations within Toronto, whose facade is to be kept within the new development. The JAC Condos will feature a 34 storey tower that rises out of a 10 storey podium which will be stepped back on the 6th and 9th storeys. It will also feature indoor amenity space that will be located on the 10th floor of the building, while the outdoor amenity space will spill out onto the rooftop of the podium. The views from this vantage point is expected to be one of the best in the entire city. This development will feature a total of 489 condo units, with at least 44 of these units being allocated for 3-bedroom units. The condo suites will be starting at 335 square feet and go up to 1290 square feet in size. The different types of condo suites that will be offered include studio, junior one bedroom, one bedroom, one bedroom plus den, 2 bedrooms, 2 bedrooms plus den, 3 bedrooms and 3 bedrooms plus den. The townhomes on the other hand will feature 3 bedrooms plus den, 4 bedrooms and 4 bedrooms plus den. The entrance to the residential suites will be located on Jarvis Street. The JAC Condos will feature a retail space on the ground level that will be facing Jarvis Street, adding to the convenience of the residents of the community in addition to the site itself. There will also be over 18,000 square feet of indoor and outdoor amenity space that will include 24-hour concierge, fully automated parcel system, lobby lounge, dog wash spa, co-working studio, tech lounge, coffee bar, study library, yoga room, meditation studios, e-sports lounge, media room, gardening room, music room, workshop, fitness studio, party room, ground floor lobby courtyard with lounge seating and workspaces. The 7th and 10th floor will have an outdoor terrace with alfresco dining, sun deck and BBQ stations. The Garden District neighborhood is regarded as one of the most central and renowned neighborhoods in all of Toronto. There are several amenities available here all around. Even most of the adjacent streets are lined with various restaurants and cafes. There are so many restaurants out here that you could eat somewhere new everyday for a year and still find new places within walking distance. The area has an excellent walk score of 96/100 indicating that the area is very walkable. Majority of your daily errands can be accomplished on foot without the need for using any vehicle. Shopping too is incredibly easy out here as the Eaton Centre is only 15 minutes away from here by walk. The Eaton Centre is one of Downtown Toronto’s premier shopping destinations and there is almost everything that you can find out here. Usually any property within the heart of downtown is an excellent opportunity for investors; however, in this case it is special owing to its close proximity to the Discovery District, which is home to some of the major hospitals in downtown Toronto, as well as the University of Toronto. To further add to the convenience, the location of the JAC Condos is just a 2-minute walk away from Ryerson University.
Location & Neighbourhood
Home to the famous Allen Gardens conservatory, The Garden District is a neighborhood in Toronto that is a metropolitan hub with urban aesthetics. Allen Gardens is a botanical greenhouse which contains a diverse array of tropical plants from all over the world. The neighborhood of Garden district is bordered by Carlton Street to the north, Queen Street East to the south, Sherbourne Street to the east and Yonge Street to the west. Majority of the population in the area comprises young professionals. Although not a very family-friendly neighborhood, there are still a few families that are settled here. Garden District is sought after mostly by young professionals, students and couples without children who crave an urban lifestyle. One of the main reasons for its young inhabitants is the presence of Ryerson University within its borders. It serves convenient for off-campus students who want to stay close to the university. Ryerson University stretches over an urban landscape stretching up to 121 acres of land. It is famous for multiple programs including the famous Ted Rogers School of Management, which is one of the biggest business schools in Canada. The current population of the neighborhood stands at 8240 with an average income of $37,614. Compared to other parts of Toronto, the average rent here is lower by 9%. Back in the days, Garden District used to be an exclusive neighborhood but started to lose its glory once the old Edwardian and Victorian detached houses started to dilapidated. There are several new condo developments that are coming up here with steep prices on the nicer streets. Almost all amenities are available within walking distance and negates the need for using vehicles. Out of the entire population, 65% stay on rent while the remaining 35% are homeowners. 78% of the real estate sales in Garden District comprises condos while townhouses stand at 9% and semi-detached houses at 7%. As per research, there has been an increment of 5% in real estate prices over the last term. Considering this factor, investing in real estate here is indeed a good option. Other factors include the presence of Ryerson University in the neighborhood which leads to many students looking for accommodation. The location of the neighborhood also plays an important part as most young professionals find it convenient to commute to work from here. Three of the most sought-after intersections are located within this neighborhood – Yonge-Dundas, Yonge-Gerard and Yonge-Carlton. Located in the core part of the city, Garden District features world-class transportation.
The JAC Condos is just south of the corner of Jarvis and Carlton and as such it takes up the width of the city block along McLear Place. The area has an outstanding transit score of 92/100 which ensures the availability and the abundance of public transportation along with connectivity to major routes and highways. Carlton is a major transit thoroughfare as there are streetcar lines that service the area regularly. These routes can take your directly to College Station, which is a part of the Yonge/University Line 1 subway. From here residents also have the convenience to travel throughout the entire Greater Toronto Area without any hassle as College Station is merely 2 stops away from the Bloor-Yonge Station. There are several streetcar, bus and subway services available here, including some of which run 24 hours. You will find stops here in major blocks of the neighborhood. College and Queen are the two major subway stations that can be availed in the neighborhood. Residents who own vehicles can make use of the Gardiner Expressway which can be accessed through Lower Jarvis Street to commute to other parts of the city effortlessly. Lakeshore Boulevard too is in close proximity which can be accessed using the same route.
About The Developers
Graywood Developments is a private firm and a real estate developer based out of Toronto. They are backed with over 30 years of experience in developing over 25,000 housing units which includes some of the most well-known projects in the city. They are an experienced as well as a reputed developer that has the expertise in acquiring development sites, project design, land use approval, sales, marketing, construction and project financing. They have also won several prestigious awards for their work, with their project Five Condos receiving particular attention. Five Condos had won the High-Rise Project of the Year, Best High-Rise Building Design and Best Model Suite at the BILD Awards in 2011. It was lauded for the smooth oscillating texture it had that resembles a sound wave as it surges into the sky. The company is presently being spearheaded by Stephen Price who serves as the President and CEO. Stephen Price has over 25 years of experience in the real estate domain in both private and public sectors. Some of the other notable projects developed by the Graywood Developments include The Residences at Ritz Carlton, Ocean Club Waterfront Condominiums, The Mercer and the Five Condos at 5 St. Joseph.