In Trendy King West, Toronto, You Will Find Nightlife, and a High-Tech Neighbourhood.
Playground Condos is a New Condo by Cityzen and Fernbrook located near the exciting King West village on Ordnance Ave. The building is already under construction and will be completed in early 2020.
This location is expected to receive tremendous real estate value growth due to all the high tech companies careers in the area.
Why King West? The Technology revolution in Toronto is booming, representing about 1 in every 7 jobs and 2X the Canadian technology employment growth. King West has been targeted as the place to be for technology-focused companies. Companies like Uber, Twitter, eBay, Paypal, Kijiji and many more are in King West right now!
Global technology employees searching for work and living accommodation see the cost of living in Toronto is cheaper than tech hubs like San Francisco and New York and the quality of life and amenities here are better or equal to those cities. All this makes Toronto the fastest growing tech market in North America!
Canada will welcome nearly one million immigrants over the next three years. This will continue to support demand for developments like Playground Condos and others just like it in King West.
AVG Market Rents:
1 bedroom $2339
1 bedroom+den $2728
2 bedroom $3348
King West Rents have increased over 33% in the past 5 years (6% compound growth)
Developer: Citizen and Fernbrook
Occupancy: Early 2020
Storeys/Suites: 35 / 432
Suite Types: 1+den to 2+den
Suite Sizes: 703 – 948sq. ft.
Pricing: in the $700s
Maintenance Fees: 0.63 /sf, $45 parking
Deposit Structure: 5% in 30 days, 2.5% occupancy
Parking: 50,000. Locker: waitlist