Verge Condos

Project Summery

Verge Condos is a mixed-use development with a total of two residential towers that have been situated on a 4-story podium. The podium will be separated by 11-m wide driveway access into the site. 15,295 sq ft of outdoor amenity space is located in the central portion of the site.

The project’s tallest building—located closest to the intersection of Queensway and Islington— will rise to a height of 17 storeys, sharing a podium with a 12-storey building immediately to its west.

The perfect location for those seeking convenient transportation, shopping, and outdoor amenities – Verge Condos provides the ideal location for any lifestyle! Here, residents will be perfectly placed just minutes from the Gardiner Expressway, Mimico GO Station, Kipling & Islington Station, CF Sherway Gardens, Big Box Stores, High Park, Humber College and so much more!

so find convenient access to transit facilities around the region. Therefore, the commute around the city will be quick and hassle-free.

 Project Features

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Project Name Verge Condos
Building Type Condo
Total Number of Suites 203
Builder RioCan Living
Architect Turner Fleischer Architects
Floor Plans 60
Est. Occupancy Spring 2025
Average Price Per Sqft $960
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Project Name
Building Type
Total Number of Suites
Builder
Architect
Floor Plans
Est. Occupancy
Average Price Per Sqft
Verge Condos
Condo
203
RioCan Living
Turner Fleischer Architects
60
Spring 2025
$960

Project Highlights

Verge Condos is a New Condo development by Riocan Real Estate Investment Trust located at Islington Ave & The Queensway, Toronto.


Verge Condos is a brand new mixed use community coming to Toronto’s quickly growing and popular Queensway neighbourhood. Verge will ultimately bring four new condo towers and almost 600 new residential units to the area once completed. Verge Condos will see the creation of new green space and over 31,000 sqft of ground level retail space.

Verge Condos boasts an amazing Walk Score with a wide assortment of local and brand name lifestyle amenities all located within walking distance. Verge Condos will back onto Cineplex’s flagship cinema and many restaurant and shopping options. The Queensway is a popular and well known street that offers boutique shops, local eateries and cafes, and independent vendors that residents of Verge Condos can enjoy. Residents of Verge Condos are also just a short commute from Sherway Gardens, one of the city’s major shopping centres.

Commuting is a breeze when living at Verge Condos, TTC bus routes are accessible to residents right outside the front door. TTC streetcar routes and subway lines are accessible not far from home. The Mimico GO Station is also conveniently located just minutes away. Downtown Toronto is less then 45 minutes away when travelling by transit. Verge Condos is conveniently situated just minutes away from some of the city’s busiest major thoroughfares including the Gardiner Expressway and Highway 427, driving into the downtown core will take less than 15 minutes.

Verge Condos is just minutes away from Lake Ontario, beautiful beaches, lush parks, and peaceful waterfront trails. This beautiful area of the city is home to Humber Bay Park, Mimico Waterfront Park, and Colonel Samuel Smith Park.

Etobicoke is an extremely family friendly community, it is home to some of the city’s most prestigious private schools and top ranking public schools. Humber College Lakeshore Campus and Toronto Police College are also located close to Verge Condos, making it a great choice for post secondary students. The area is also home to community centres and recreational facilities which offer a wide range of sports and activities for children of all ages, making it a great place to raise a family.

Verge Condos is being developed by RioCan, Canada's largest real estate investment trust.

Amenities

Deposit Structure

EXTENDED DEPOSIT STRUCTURE
$10,000 on signing
Balance of 5% in 30 days
2.5% in 180 days
2.5% in 365 days
5% in 540 days
5% on occupancy


INTERNATIONAL DEPOSIT STRUCTURE
5% on signing
10% in 120 days
10% in 270 days
10% in 365 days

About The Developer

RioCan Living is the biggest and most trusted Real Estate Investment Trust in Canada since 1993. It owns and manages a portfolio of shopping centres and large supermarkets. Their focus is mainly on retail properties with ownership interests in a collection of 338 properties throughout Ontario and Alberta, as well as acquisitions in the northwest United States and Texas. This includes various plots currently under development, all which will provide convenience and services to communities and neighbourhoods.

Location Profile



Verge Condos at 1001 The Queensway is located in the Islington-City Centre West neighbourhood in Toronto. Fronting on a large block that houses Cineplex’s flagship Queensway Cinemas (and its massive parking lot), the Milestones, Montana’s Cookhouse, as well as Kelsey’s restaurants do a strong business. RioCan strives to put the site to better use.

Surrounded by mostly low-rise, suburban built form, with much of The Queensway currently dominated by rows of strip retail to the east and west.

Step to TTC Stop

Short Drive to Gardine express way

Close to School and Public community centre

Short Distance to downtown Toronot

Close to the Park and Shopping

Close to Islington-City Centre

Walk Score of 60 out of 100

Transit Score if 50 out of 100.

Nearby parks such as Queensland Park, Queensway Park and Winslow Dalesford Park


The Space Designed by Core Architects

The 588-unit development would include 31,000+ of retail area while fronting onto The Queensway—indicating that any of the restaurants or the bank onsite could return after construction—while a green space is planned in between the two four-storey podium structures. The residential lobbies for each building would be located at the south end of the podiums “in order to ensure an activated pedestrian realm along The Queensway” with new retail, the Planning Rationale states.

As currently proposed, the residential unit mix would include 69 studios (11.7%), 280 one-bedroom + den (47.6%), 227 two bedroom + den (38.7%), as well as 12 three-bedroom + den suites (2%). A two-level underground parking garage will feature a total of 591 vehicle spaces, which would be divided into 475 residential as well as 116 visitor/commercial spaces. 442 bicycle spaces are also proposed.

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Listing Data were last updated: 2024-11-21 02:57:21

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