City Growth & Development

The Fashion District, where The Addison Residences On Portland is located, is a vibrant and dynamic neighborhood that has undergone significant growth and development in recent years. Once known primarily for its textile manufacturing industry, the area has transformed into a trendy and sought-after destination for residents and businesses alike.

The district has seen a surge in new residential and commercial developments, attracting young professionals, artists, and entrepreneurs. The influx of new residents and businesses has brought a wave of energy and creativity to the neighborhood, making it a hub for fashion, design, and innovation.

The city of Toronto has recognized the potential of the Fashion District and has designated it as a downtown urban growth center. This designation means that the area will continue to experience significant investment and development, further enhancing its appeal and value.

With ongoing revitalization projects, new public spaces, and a focus on preserving the area's historical character, the Fashion District is poised to become one of Toronto's most exciting and desirable neighborhoods.

Amenities

The Addison Residences On Portland offers an impressive array of amenities designed to enhance the lifestyle of its residents. The building features a spacious lobby lounge with a concierge service, providing a welcoming and secure entrance for residents and guests.

For those looking to stay active, the fitness center is equipped with state-of-the-art exercise equipment, allowing residents to maintain their fitness routines without leaving the building. There is also a dedicated yoga and meditation studio, providing a tranquil space for relaxation and mindfulness.

The party room is perfect for hosting gatherings and events, with a kitchenette and ample seating. Residents can enjoy socializing with friends and neighbors in this stylish and inviting space.

One of the standout amenities at The Addison Residences On Portland is the rooftop terrace. This expansive outdoor space offers breathtaking views of the city skyline and provides a serene setting for outdoor relaxation and entertainment. With comfortable seating areas, dining spaces, and lush landscaping, the rooftop terrace is the perfect place to unwind and enjoy the beauty of Toronto.

Development Features

The Addison Residences On Portland is designed with both style and functionality in mind. The building's architecture pays homage to the neighborhood's industrial heritage, with a blend of brick and oversized windows that create a striking and contemporary aesthetic.

Inside the suites, residents will find thoughtfully designed living spaces that maximize comfort and efficiency. The units feature open-concept layouts, high ceilings, and large windows that flood the rooms with natural light. The kitchens are equipped with modern appliances, sleek cabinetry, and quartz countertops, making meal preparation a breeze.

The bathrooms are elegantly designed, with luxurious fixtures and finishes that create a spa-like atmosphere. Each suite also includes ample storage space and in-suite laundry facilities for added convenience.

Investment Opportunities

The Addison Residences On Portland presents an excellent investment opportunity for buyers. The Fashion District is a highly desirable neighborhood with a strong rental market, making it an attractive option for investors looking to generate rental income.

The area's ongoing growth and development, coupled with its central location and proximity to major employment hubs, ensure a steady demand for rental properties. With its modern design, desirable amenities, and convenient access to transportation, The Addison Residences On Portland is poised to attract tenants seeking a stylish and convenient urban lifestyle.

Furthermore, the development's mixed-use nature, with retail and office spaces on the lower floors, adds to its investment potential. The presence of commercial tenants provides additional income streams and contributes to the overall vibrancy of the building.

Property Details

The Addison Residences On Portland offers a range of unit sizes and layouts to suit different preferences and lifestyles. The suites range from compact studios to spacious three-bedroom units, ensuring there is an option for every buyer.

The units are designed with functionality and style in mind, featuring high-quality finishes, modern appliances, and ample storage space. The large windows allow for plenty of natural light, creating bright and inviting living spaces.

The development also includes a limited number of townhomes, providing a unique opportunity for those seeking a more spacious and private living arrangement.

Construction Timeline

The construction of The Addison Residences On Portland is being carried out by ADI Development Group, a reputable and experienced developer known for their commitment to quality and innovation. ADI Development Group has a proven track record of delivering successful residential projects that meet the highest standards of craftsmanship and design.

The construction process is carefully managed to ensure timely completion and adherence to all safety and quality standards. The development team works closely with architects, engineers, and contractors to ensure that every aspect of the building is executed with precision and attention to detail.

The construction of The Addison Residences On Portland is expected to be completed in a timely manner, allowing buyers to move into their new homes as planned.

Incentives and Promotions

Developer

Highlights: 

• Has a walkscore of 98/100: walkable EVERYWHERE 
• Located in the Waterfront Communities-The Island neighbourhood in Toronto 
• 4 minute walk to the Augusta Ave Stop 
• 7 minute drive to the University of Toronto – St. George Campus 
• Close to the entertainment and Fashion District 
• Close to shops, restaurants and schools 
• Has a transit score of 100/100: world class public transportation 
• Nearby parks include Victoria Square Park, Alexandra Park and Carr Street Parkette 

Conclusion