Verge Condos Phase 2 Etobicoke, Toronto, Ontario

 

Introducing Verge Condos Phase 2, a stunning new development coming soon to The Queensway & Islington Ave in South Etobicoke. The perfect location for those seeking convenient transportation, shopping, outdoor amenities, and everything in between. Verge will revolutionize condominium living in Etobicoke. Residents will enjoy, stylish condominium suites paired with curated indoor and outdoor amenities. Live at one of the most convenient locations in Toronto for both transit and driving. Be downtown in minutes via the Gardiner Expressway or hop on the subway at Islington TTC Station

LOCATION

 

 

KEY FACTS

Developer: RioCan Living

Address: 1001 The Queensway

Intersection: Islington & The Queensway

Storeys & Units: 17 Storeys | 545 Units

Building Mix: 1-3 bedrooms

WHY BUY?

• The Queensway is in the process of undergoing a massive redevelopment, with the area's industrial character being replaced by new condos and a wealth of retail amenities
• The large Sherway Gardens shopping centre is a short distance to the west
• Costco, No Frills, Sobeys and a host of independent grocers are all located in close proximity
• Humber College's Lakeshore Campus is a short drive or bus ride to the south
• To the east, The Queensway is a walkable thoroughfare with a diverse array of shops and restaurants
• Big-box stores such as IKEA and Canadian Tire dot the surrounding area
• For direct access to Downtown Toronto, GO Transit services are readily available at Long Branch GO, Mimico GO and Kipling GO
• Frequent bus services run along The Queensway and Islington Avenue
• Islington subway station is a short distance to the north
• Pearson Airport can be easily reached via car or public transit

Drivers can take advantage of easy access to the Gardiner Expressway

 

CLOSE TO EVERYTHING

• 1 minute to the Gardiner Expressway
• 5 minutes to Islington Station
• 6 minutes to Humber College - Lakeshore Campus
• 7 minutes to to Sherway Gardens
• 7 minutes to Highway 427
• 9 minutes to the Lakeshore Boardwalk
• 15 minutes to Downtown Toronto

12 minutes to Pearson & Billy Bishop Airports

 

Estimated Completion: Summer 2025

 

PROJECT DETAILS VERGE

East Building 341 Units 17 Storeys Ceiling heights (smooth finish)

9ft - Floors 3-8, 10-16

10ft - Floors 2 and 17

10.4ft - Floor 9

Size & Price Range (parking included with all suites 560 sf+)

1 Bedroom

• 476 sf – 596 sf

• $574,900 - $748,900

 

1 Bedroom + Den

• 543 sf – 652 sf

• $642,900 - $792,900

 

2 Bedroom

• 657 sf – 908 sf

• $779,900 - $994,900

 

2 Bedroom + Den

• 845 sf – 909 sf

• $894,900 - $949,900

 

3 Bedroom

• 799 sf – 972 sf

• $889,900 - $1,114,900

Suite Exteriors All suites include an outdoor space - balcony or terrace, as per plan.

Gas Lines Included with all terrace suites on floors 2 and 11, and on select terrace suites on floor 6.

 

Monthly Maintenance Fees

Common expenses $0.61/sf (individually metered for hydro and water)

Parking $69.95 Locker $19.95 1Valet &

Bulk Rogers Hi-Speed Internet $53.52 +HST

 

DEPOSITS

Extended Deposit Structure

Only 5% per Year + 5% on Occupancy

 

1 BR, 1+D, 2BR Suites

• $10,000 due on signing

• Balance to 5% due in 30 days (2021)

• 2.5% due in 180 days (2022)

• 2.5% due in 365 days (2022)

• 5% due in 540 days (2023)

• 5% due on occupancy

 

2+D & 3 BR Suites

• $10,000 due on signing

• Balance to 5% due in 30 days

• 2.5% due in 180 days

• 2.5% due in 365 days

• 2.5% due in 540 days

• 2.5% due in 720 days

• 5% due on occupancy

Occupancy Summer 2025

 

Floor Plans with prices

 

Verge Condos Highlights

Close to Everything

Connected to all major highways such as Highway 427 and Gardiner Expressway and both Toronto Airports. Only 15 minutes to Downtown Toronto and 5 minutes to Islington Station.

Geographically Positioned For Growth

Etobicoke is positioned right between Toronto and Mississauga which are the two of the largest cities in the province.

Positioned for Revitalization and Development

Over 33,000 condos in current development applications.

The 2nd Largest Employment Zone in the Country

The area around Pearson Airport is the second-largest employment zone in Canada with more jobs than the central business districts of Montreal, Vancouver and Calgary.

Increasing Home Values

Etobicoke is the second highest appreciated neighbourhood over the last year in comparison to all other Toronto neighbourhoods.