Canada's Condominium Magazine
A local television news item last night left an impression. The story concerned (again) the Toronto condo market, this time from the perspective of the residents who live in them. One man said he was worried that with all the construction going on we’d end up with “a forest of condo towers and nothing to do.” His concern, in other words, was that there’ll be a lot of buildings with a lot of people living in them—a lot of neighbours—but no neighbourhood.
The concept of neighbourhood is one that has been studied a great deal. One of the key elements of a successful neighbourhood is convenient access to services and amenities. Walkable access is the highest degree of convenience, and nowadays cities and their neighbourhoods are rated according to walkability factors, using criteria such as
- close access to transit (within 400–500 metres ideally)
- comfort for pedestrians, i.e., good street lighting, wide sidewalks, low wind, plenty of sunshine, crosswalks, short blocks
- mixed demographic and ethnic population
- mixed commercial use, with an interesting variety of stores, businesses, restaurants, walk-in clinics, etc.
- lack of barriers to pedestrians, things like railway lines, bridges, fences
Another way of judging a neighbourhood, from the perspective of those looking to move in and live there, can be the possibility it affords for “aging in place.” Can you move there and reasonably expect to live out your life without having to move again if that is what you want? You have to be able to imagine yourself ten, twenty, thirty years on, still living in the place you bought and still able to walk (health allowing) to the corner to buy a loaf of bread, or drop off the dry cleaning. You want to know that if you have a medical emergency, they’ll be able to get to you before you succumb.
Tridel has chosen some of Toronto’s most attractive neighbourhoods
A renowned Toronto developer that takes neighbourhood selection very seriously is Tridel. A look at Tridel developments underway in Toronto today shows the much anticipated Ten York in the heart of the Harbourfront neighbourhood. That development created a lot of stir, and sales have been extremely brisk. Clearly a lot of Torontonians are drawn to the big-city vibe this building gives off.
A few blocks west of there is 300 Front Street West, under construction right next door to the CBC headquarters, across the street from the Toronto convention centre and the Rogers Centre and within walking distance of most everything that downtown has to offer—Union Station, the CN Tower, and this summer the Ripley’s aquarium, Chinatown, and on it goes. It is hard to imagine a building that’s better connected in this city.
Uptown has 101 Erskine, at one of the city’s most popular, most desirable and most walkable neighbourhoods, Yonge and Eglinton.
And on Bloor West we find One Old Mill and sister building Two Old Mill, both situated close to the trendy and vibrant Bloor West Village, with leafy retreats like the park alongside the Humber River where it flows past the Old Mill.
Not everyone can, or wants to, live in the core of the city. Tridel’s TRIO at Atria is an option for those who want a good neighbourhood, with convenient transit connections and affordable housing. Located on Sheppard east of Fairview Mall, TRIO’s Grand Opening is this weekend.