Property Name: Casa 2
Address: 42 Charles St E
Neighbourhood: Yonge and Bloor
Number of Stories: 64 (estimated)
Starting Price: from the high $200s (estimated)
42 Charles Street East, is Cresfords newest condo development, in Yorkville, downtown Toronto, Canada’s most famous neighborhood. This building is going to be at the YMCA’s current location. At 64 stories high this building is going to be designed by Missoni. Units will be priced from the mid 200′s. VIP Event in May 2012.
The new tower (CASA 2) will stand 64-storeys (dwarfing CASA which stands 46 storeys). Cresford Developments has been focusing on Charles St recently, with its CASA development at 33 Charles Street West and Bloor Street Neighbourhood development at 38 Charles St. This site should be another great success as Charles Street East in general has also been popular with both developers and end users in the past few years, with 77 Charles West by Aspen Ridge Homes and Chaz on Charles by Edenshaw Homes on 45 Charles St. East, which are all doing very well.
With the the launch of many luxury condos in the area, it can only go up from here. Toronto real estate prices will continue to rise in value and this area is still number one for young hip professional and investors alike. Just a short walk from everything; Star studded art galleries, bars, restaurants, clubs and shopping in Yorkville. The neighbourhood has seen some major new condominium developments in the last few years, boasting developments such as: X, X2 (Great Gulf Homes), 77 Charles Street (Aspen Ridge), Chaz on Charles (Edenshaw), Casa (Cresford).
This is sure to be an investment opportunity of a lifetime. This 64 story Triple A Condo has spectacular views of the city and is just steps from the Yonge and Bloor Subway lines.
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