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New in Toronto real estate: East Village Leslieville

Posted by Robyn Urback / October 4, 2012

east village leslieville torontoEast Village Leslieville is a townhouse-style development slated for Gerrard just east of Greenwood. And yes, this is Little India, er, Leslieville — just not the indie-cafe-saturated, cupcake-laden part. An Urban Fabric Development Inc. and Aykler Developments project, East Village Leslieville will house a total of 31 units, with one-bedroom suites occupying the main floor, and two-bedroom, two-storey units on the second (and third). Perhaps one of the more affordable builds in the works for south of Bloor, this project comes with few extra frills beyond the pleasure of a little outdoor privacy. Here is a closer look at East Village Leslieville.

SPECS

Address: 1321 Gerrard St E

Exterior: Brick

Number of floors: 3

Number of units: 31

Unit sizes (in square feet): 455 - 1082

Ceiling height: Up to 9'6"

Prices start at: Low-$200,000's

Parking: $30,000 (Select suites)

Locker: $3,000

Bicycle locker: $2,000

Maintenance: $0.31/ sf

Architect: George Popper Architect

Amenities: Meeting room

Expected occupancy: November 2014

east village leslieville torontoTHE GOOD

An introvert's dream. While all of those Queen West and Richmond Street suckers are sharing their condo terraces with other building residents, East Village Leslievillers can enjoy a private lounge on their own rooftop patios. That's right — no need to put on pants to enjoy a good book in the weekend sun! Indeed, the larger townhouse-style two-storey units come with private rooftop terraces of about 200 square feet. That's not huge, mind you, but privacy is privacy. And speaking of, the East Village layout is ideal for avoiding those forced neighbourly conversations and awkward hallway run-ins. While some enjoy such interactions in the name of "community," I'll take my direct-unit-entry and pants-less weekend reading over a "Condo Residents Memorandum" every time.

Onto cost: What is this? A new Toronto build priced at under $500 per square foot?! Did someone forget to carry the 'one' or something? Believe it or not, early birds can snag a little piece of the Toronto real estate market for potentially as low as $480-ish per square foot with an East Village unit. Though as anyone who has ever considered buying a preconstruction knows, prices will have likely gone up by the time you finish reading this sentence. Even still, $500 per square foot is certainly not too shabby, especially considering some other new builds that are going for $700 per square foot or more.

Those other new builds, too, tend to gussy up their common areas with expensive frivolities such as virtual golf rooms, infinity pools, and yoga studios (you know you're getting old when you use the phrase "expensive frivolities" in common discourse). While an infinity pool is pretty exciting for the first few weeks, its lasting presence can take a toll on monthly maintenance fees. East Village, wisely, has kept extras to a minimum, which will help to keep its below-average maintenance fees low for the long haul. Townhouse-style builds, however, can incur sizeable expense (which trickles down to the homeowner through maintenance fees) when it comes to contracting out snow removal services. The specific damage in this case, of course, remains to be seen.

east village leslieville torontoTHE BAD

Eh, Gerrard and Greenwood isn't exactly the greatest. Sorry, marketing team. While I'll concede that this spot has all the potential to flourish — especially with a streetcar right outside (though the noise is another consideration) and Greenwood Park a few steps away — it's certainly not "Leslieville" as we know it a few blocks further south towards Queen. The adjacent Indian Bazaar is very much in a state of transition (to put it kindly) at present, and the character of the immediate area remains a question. Plus the nearby Gerrard Square Mall isn't exactly an example of urban thrive. That's not to say, however, that Gerrard East can't become a flourishing east-end community, but just that its future remains unclear. If you want peace of mind, best to head further south.

Now, let's talk about unit layouts. While I'll admit that all of the two-bedroom, two-storey units have me swooning, some of the one-bedroom and one-plus-dens seem a little impractical. First off, if you want a real bedroom (read: with a conventional door), you'll have to look at units of at least 500 square feet (unless you try to customize your floor plan with the developer). Smaller units, as they are currently laid out, necessitate walking through the bedroom to get to the washroom (which is not ideal especially when entertaining guests). The kitchens, too, are simply walls of appliances set in the narrowest part of the unit, offering basically a corridor space in which to cook and prepare food. Again, not ideal, to say the least.

east village leslieville torontoTHE VERDICT

I'd like to see a little more area development before I'd consider dropping a wad of cash. Then again, those early Apple investors are laughing all the way to the bank.

Discussion

17 Comments

Colonel / October 4, 2012 at 09:27 am
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Queen and Richmond street suckers? Who is the sucker here? The Coxwell Gerrard area is rapidly becoming ghost-town like. The Southeast Asian community is abandoning the place, and will leave a pretty odd looking architectural legacy/footprint behind as it does this. It will take at least ten years for this neighbourhood to flourish again, regardless of the next community to colonize it. Calling this project "East Village" just seems cynical to me.Almost like an attempt at irony that references the gentrification of lower Manhattan. This building will seem more like an outpost than a village. It's completely incongruous with the area.
Pk / October 4, 2012 at 09:29 am
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Two-storey unit, ground floor: toilet is TWO FEET from the stove.

You could bake a loaf of bread while pinching a loaf.

Seriously...
matts replying to a comment from Pk / October 4, 2012 at 09:51 am
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you could close the door, you know
no / October 4, 2012 at 11:20 am
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Dont try and label this Leslieville.
skeeter / October 4, 2012 at 12:17 pm
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The couple on the rooftop patio look like they're having a fight. Are they breaking up?
mike818181 replying to a comment from skeeter / October 4, 2012 at 12:45 pm
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she is pissed they moved to such a sh*t hole, and now wants a divorce. But he can keep the crappy home
ps1 replying to a comment from mike818181 / October 4, 2012 at 12:48 pm
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LOL
tmr / October 4, 2012 at 01:30 pm
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Why all the haters? No one is forcing you move to Little India but those of us that are happy to be living in this area see it not as becoming a ghost town but quickly following suit like areas along Gerrard, west of Jones. We welcome new developments and neighbours. You'd be hard pressed to find a more friendly, community-centric neighbourhood to live and raise a family.
Jon Dough replying to a comment from tmr / October 4, 2012 at 02:04 pm
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Said the RE Agent to the fly...
PK replying to a comment from matts / October 4, 2012 at 03:22 pm
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Facetious. Dfn: meant to be humorous or funny : not serious
matts replying to a comment from PK / October 4, 2012 at 04:10 pm
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Fail. definition: you
Jimmpal / October 5, 2012 at 02:09 am
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Nice and amazing article about "East Village Leslieville" and Toronto real estate. This article provide me some nice information, thanks for such a great post.
http://www.mannacapitalmanagement.com/
John Kenn / October 6, 2012 at 02:18 pm
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I have read this article and I appreciate your efforts that you proviide valuable information about Toronto Real Estate and East Village Leslieville.
marie / November 17, 2012 at 10:41 am
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likewise - thank you for the info.

Never thought I'd be an east-ender but it has kept winning me over since 2000.

Happy to see that Gerrard Square got a facelift back in say, 2006
Greenwood Pool is a hidden quiet gem
I don't mind the 5 minute walk to Queen
the layout of the higher end apartments serve me super well
don't need a car with a transit line out front
and quiet quiet quiet - I can always take the party outside - looks perfect for someone my age which doesn't mind watching the area transform and improve slowly over time.

Lastly - I am neither here no there regarding the whole south asian thing - I'm looking forward to making the most of it - with ALLL my Toronto neighbours.

xo M
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Thanks for the auspicious writeup. It in fact used to be a entertainment account it.

Look advanced to more added agreeable from you! However,
how could we keep in touch?
MarkieMark / April 14, 2013 at 03:47 am
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Well written informative post. Let's face it, it's pretty hard to find a property under $500k anywhere in the city with that kind of walkability.
Chris / August 6, 2013 at 03:19 pm
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Incinerators near Eastern Ave. Leslieville.

Incinerators close to Eastern Avenue which stopped full-on burning Toronto’s garbage in the late 1990′s. Currently, it is partially operation burning Toronto’s garbage-mostly during late hours of the night and early morning. The environment and human consequences in the past are evident in what the incinerator has done to residents close to Eastern Ave. Health problems which are not for me to discuss at this very moment. The incinerator has been ‘revamped’ to feed off less carbon dioxide since decades before. The area is less a blue collar neighbourhood, with more middle class families, who have moved into the area since the early 2000′s. When the real estate boom hit Toronto. The question remains what environmental consequences and human cost does the incinerators have for the area and the Leslieville neighbourhood?

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