The Tailor Condos is a proposed 10-storey development with 142 units located at 1197 Queensway and Zorra in Etobicoke. It will include studios, one-bedroom units, two-bedroom units, and three-bedroom units, as well as 3,400 square feet of amenities and 3,700 square feet of ground floor retail. The development will have 141 parking spaces, 97 bicycle spaces, and 21 visitor parking spaces, as well as a pet wash. The area has seen an 11.8% population growth from 2011 to 2016 and 43% of residents currently live in condo buildings over 5 storeys tall.
4. The
Tailor
Condos
• Address: 1197 Queensway and Zorra
• Developer: Marlin Spring
• # of Storeys: 10
• # of Units:142 w/Town Houses
• Studios: 8
• 1 bds + 1+dens: 65
• 2 beds 54
• 3 beds 15
• Amenities: 3400 sq. ft of plus roof-top
• Ground floor retail: 3700 sq. ft
• Parking: P1-P4 # of Spaces141
• Bicycle: 97
• Visitor Parking 21
• Pet Wash
• 5 Town Houses proposed
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5. CURRENT PRE-CONSTRUCTION INVENTORY IN THE AREA IS 89% SOLD
POPULATION: 129,0808*
11.8% POPULATION GROWTH 2011-2016*
*City consensus profile, Ward 3 |Etobicoke-Lakeshore. **No representations are made with respect to the actual numbers achieved. †Urbanation Q1 sales listing ratio
25 – 44 yrs. Old *(Average Age)
43% OF RESIDENTS LIVE IN CONDOS 5+ STOREYS Average Household Income*
$102,721 - $128,448
57% Own
43% Rent
Rent vs. Own**
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6. 11% 3%
Rent vs. Own**
PRICE PER SQUAREFOOT (PSF) FOR PRE-CONSTRUCTION
CONDOS IS 35-40% LESS THAN THE DOWNTOWN CORE!!
Total yearly rental return**
$950
*City consensus profile, Ward 3 |Etobicoke-Lakeshore.
**No representations are made with respect to the actual
numbers achieved.
57% Own
43% Rent
DOWNTOWN
ETOBICOKE WATERFRONT
ETOBICOKE
35-40
$1350+
$1065
ETOBICOKE $620,000 for 650 Sq. Ft.
$2800 Rent with Mortgage of $2000
+$132 Monthly Cash Flow
51% Own
49% Rent
Etobicoke Downtown
Toronto
TORONTO $877,500 for 650 Sq. Ft.
$3100 Rent with Mortgage of $2800
-$552** Monthly Cash Flow
Then downtown Toronto!!!
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7. Here are just a few of the reasons this area is slated for substantial development in the next decade.
Connection to 3 main highways; QEW,
427, & Gardiner within 3 minutes.
10-minute drive to Pearson International Airport
15-minute drive to Billy Bishop Airport.
5 minutes to Kipling Station
7 minutes to Islington Stn.
Drive to downtown Toronto in 15 minutes.
5 mins to BOTH Kipling AND Mimico
GO stations.
4 mins drive to Cadillac Fairview’s Sherway Gardens.
Holt Renfrew, Saks, Nordstrom, and so much more!
3 mins drive Cineplex Cinemas Queensway & VIP
3-6 mins drive to Costco, HomeSense, Walmart,
Winners, Sail Marshalls, Structube, Canadian Tire,
Home Depot. Lowes, Marshalls, Sobeys and more
7 minutes to Humber College Lakeshore Campus
And many restaurants to choose from!!!
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