Yorkville Plaza II condos

New in Toronto real estate: Yorkville Plaza II condos

Yorkville Plaza II is the second phase of the revitalization of the former Four Seasons site at Avenue and Cumberland. The earlier first development, The Residences at Yorkville Plaza, converted the former luxury hotel into a 32-storey condominium. This is the new portion of the development, often referred to as the Cumberland Tower. Coming in at 40 storeys, the project distinguishes itself by promising "affordable luxury" in a neighbourhood known for its opulence. Suites start at $349,000 and go up to $750,000 -- a far cry from the $30 million asking price of the west penthouse at the new Four Seasons.

Yorkville Plaza II

SPECS & AMENITIES

  • Location: Avenue Rd. and Cumberland Ave.
  • Storeys: 40
  • Number of units: 272 units
  • Types of units: TBA
  • Unit sizes: From 385 sq ft to 855 sq ft
  • Ceiling heights: Up to 8' 6"
  • Price: From $349,900
  • Architect: WZMH Architects
  • Developer: Camrost-Felcorp
  • Amenities: Spa, gym, pool, terrace, BBQ area, hot tub, concierge service
Yorkville Plaza II

THE VERDICT

How does a developer manage to offer affordable luxury in Yorkville (if, indeed, it is actually possible)? Well, it's fundamentally a size game. The entry level suites here aren't exactly sprawling, starting at just under 400 square feet. There's over 100 of these in the building. As you can gather, this isn't the type of development that's looking to cater to growing families who are trying to decide between a condo and a home.

That philosophy makes considerable sense in a neighbourhood like Yorkville, which is central to pretty much every amenity under the sun and rapid transit. This is something that's been done in dense cities like New York for decades, and one imagines that there's a large segment of young professionals who'd rather have access to a Yorkville address, luxury pool and spa than to an extra 150 square feet of living space.

ADDITIONAL PHOTOS

Yorkville Plaza IIYorkville Plaza IIYorkville Plaza IIYorkville Plaza II

Read other posts in this series via our Toronto Condos and Lofts Pinterest board.


Latest Videos



Join the conversation Load comments

Latest in City

People protest Oakville Trafalgar high school teacher with massive prosthetic breasts

Couple leaves corporate jobs and $400K combined income to start Toronto business

Part of a major Toronto street is now closed for construction for the rest of the year

A majestic old Toronto train station just disappeared forever

This might be the prettiest small town to visit this fall in Ontario

It's going to be mayhem getting around Toronto this weekend with road and transit closures

Ontario school board is now reviewing dress code after busty teacher controversy

Toronto just got a secret rope swing hanging from a bridge