A new development in Scarborough is a gem of an opportunity for Toronto investors.
The Kennedy Central residential complex, KSquare Condos, is a Kingdom Developments project and promises quick connection to downtown Toronto. The project is just one of many edifices and infrastructure projects changing the face of the neighbourhood, and Eric Jensen, Kingdom Developments’ VP of projects, says the firm’s experience, which spans over two decades, will ensure KSquare is a seamless fit.
“We are thrilled to enter the Toronto condominium market with KSquare Condos,” he said, “and recognize the significance of being one of the first developments part of this already thriving area’s future transformation.”
The 34- and 31-storey towers mark the Chinese company’s first Toronto development, which is replete with a unique amenity package that includes the largest private library and study area in any of the region’s condominiums. Additionally, KSquare features a music rehearsal room, pet grooming centre, sports lounge and a playroom for children.
Kingdom Developments has partnered with Sunray Group, and the latter is redeveloping the nearby Sheraton Hotel and opening its amenities to KSquare residents.
According to the developer, KSquare will be the heart of the Kennedy Rd. and Sheppard Ave. E. neighbourhood, which is also slated to receive some subway stops, as announced earlier this month by the Ontario government. In all, the subway will be about 6.2 km wide. KSquare is also close to the Sheppard LRT and, just north of the site, the Agincourt GO station. Drivers will also benefit by easy access to the Hwy 401 just south of the condo development.
Given the recent spate of development, including Tridel’s Metrogate Community, the area has fast become a hub for density, finally realizing designs in the provincial growth plan. The mixed-use developments are also bringing new life to the area and as transit follows, expect it to look nothing like before.
Neil Sharma is the Editor-In-Chief of Canadian Real Estate Wealth and Real Estate Professional. As a journalist, he has covered Canada’s housing market for the Toronto Star, Toronto Sun, National Post, and other publications, specializing in everything from market trends to mortgage and investment advice. He can be reached at neil@crewmedia.ca.
