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New In Roncesvalles Condos: 35 Wabash Feeds Demand For Toronto Townhouses

New In Roncesvalles Condos: 35 Wabash Feeds Demand For Toronto Townhouses

Oct 30, 2015
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As mentioned in our review of September's Toronto condo market stats, townhomes were the fastest growing property category in Toronto in terms of price appreciation last month. With the freehold market out of reach of many - particularly, buyers looking for a new or recently renovated family-sized home - new and re-sale Toronto townhouses are being snapped up faster than you can say "private outdoor space".

One of the most interesting new townhome developments we've seen in recent years is 35 Wabash planned for an under-utilized stretch of Roncesvalles Village. We've been talking about Roncesvalles condos these past few weeks including the new developments Howard Park and 383 Sorauren because we're so excited to see increased density coming to Roncy.

This is one of the best west-end 'hoods for value for money in my opinion including Roncesvalles homes for sale in the freehold market - which you can read more about on our partner site, Property.ca - but probably not for long.

Roncesvalles real estate is fairly valued right now for the most part - arguably under-valued in certain pockets - but with its proximity to transit and High Park and given the number of new developments changing the neighbourhood (which will no doubt bring an influx of new restaurants, bars and retail), this 'hood could see a massive surge in prices over the next few years. Read: get in now.

Let's take a look at why the new condo townhomes planned for 35 Wabash have us so intrigued.

The Latest In Roncesvalles Condos - 35 Wabash Brings Modern Toronto Townhouses to the 'Hood

Overview of the Project
35-Wabash-Aerial-View

35-Wabash-Aerial-View

35 Wabash is a new, four-storey Toronto townhouse development in pre-construction directly across from Sorauren Park, perpendicular to Sorauren Avenue where you'll find the Robert Watson Lofts, the Sorauren Lofts and, soon, 383 Sorauren condos.

The developer Zinc Developments partnered with renowned Toronto architects RAW Design and interior design firm DesignAgency. Sales have begun this October.

Plans for the 57 unit mid-rise structure include eight, one-level flats and 49, two-storey townhomes - a combination of "sky towns" with rooftop terraces and ground-level towns with back decks. One, two and three-bedroom units are available with sizes ranging from 542 sqft to 1,622 sqft. Prices for the flats start from the $400s; prices for the towns start from the $600s through to $1.2M (parking extra in all cases).

Straight up - while I love the design of this build (it's my favourite new west end development from a design perspective) you're paying a premium here on some units which is crazy (albeit all too common) for pre-construction. Prices are really at or above today's market values on a cost per square foot basis for the area. And so in reality, you're paying the builder the same or more than you would a stunning re-sale loft in, say, the coveted Robert Watson Lofts around the corner for the privilege of waiting years and assuming a crap load of risk.

So why are we showing you this build? Because there really aren't a lot of options in the area like this and I like the Zinc Developments + RAW Design pairing. And so if you're set on Roncy, you plan on living in one of these townhomes for at least five years, you want private outdoor space and perhaps you need the extra time to save before closing, then 35 Wabash is worth a look.

Now, this is a stacked design which means you may have neighbours above or below you in addition to one or both sides. We've talked before about some of the trends we're seeing in townhome design including the pros and cons of stacked townhouses .

It's not ideal in many ways - I still prefer a traditional, row-style townhome site plan - but this style of development leaves more profit margin for developers and adds more density with a greater number of units. Stacked plans are sure to become the norm with new townhome projects this close to the core, particularly given that developers already face many challenges in building mid-rise condos .

At 35 Wabash, although stacked in design, at least all of the units are above-grade and include that oh-so coveted private outdoor space. Some units have private entrances and others are accessed via common elevators and corridors. Parking is more like a traditional condo - shared, underground, with elevator access to avoid going outside and walking around during harsh winters. Some buyers will consider that a plus.

Outdoor Spaces It's the thoughtfulness given to outdoor spaces that really set this project apart from the competition. Not only are you steps from Sorauren Park - a beloved local park with its own dedicated volunteer groups who plan multiple events throughout the year including the popular Halloween pumpkin parade - but there's a great outdoor, common area space with a Zen garden and an indoor/outdoor yoga and fitness facility separated by a wall of pivoting doors.

35-Wabash-Rooftop-Terraces

35-Wabash-Rooftop-Terraces

In addition, every unit at 35 Wabash has its own private outdoor space including either a rooftop terrace, pictured above, or a backyard deck, pictured below. Sizes of even the smallest terraces are generous in comparison to typical Toronto condo projects.

35-Wabash-Private-Outdoor-Space

35-Wabash-Private-Outdoor-Space

DesignAgency's interior design keeps things airy and open concept with nine-foot ceilings, tons of natural light thanks to an abundance of windows, wide plank engineered hardwood floors, glass-enclosed staircase and contemporary kitchens and baths.

35-Wabash-interior-living-room

35-Wabash-interior-living-room

I love the aesthetic - it's a blend of modern, contemporary and vintage, industrial design that somehow all works together beautifully. There's a lot to like here design-wise.

The kitchen and baths promise that slick, contemporary European feel that we're used to with higher-end Toronto condos with glossy cabinetry, quartz or marble countertops and glass tiles. The large, black-framed patio doors with their Mondrian-style shapes and additional clerestory windows feel very mid-century modern and the high ceilings and exposed brick walls lend a loft-like feel - providing final designs stick to these early renderings which of course is never guaranteed with pre-sales.

35-Wabash-interior-staircase

35-Wabash-interior-staircase

There's also a great use of space here offering decent storage, utilizing every possible corner and cubby including that all-too-often overlooked space under the stairs.

If you're interested in buying at 35 Wabash, drop us line and we'll hook you up with one of our west-end neighbourhood Condo Experts to negotiate the best deal for you. We'll take you through the real numbers and value proposition which always go beyond what you see as list price when you're dealing with pre-con.

And remember - buying pre-construction is not the same as buying re-sale. Educate yourself about the risks of buying pre-construction and don't make these common buyer mistakes .

All renderings of 35 Wabash © Zinc Developments.