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 Name||Verge Condos|
|Total Number of Suites||203|
|Architect||Turner Fleischer Architects|
|Est. Occupancy||Spring 2025|
|Average Price Per Sqft||$960|
|Total Number of Suites|
|Average Price Per Sqft|
|Turner Fleischer Architects|
Verge Condos is a New Condo development by Riocan Real Estate Investment Trust located at Islington Ave & The Queensway, Toronto.
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.
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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