181 East boutique condo in North York introduces one of the best deposit structures in the city

Over the past few years, Toronto’s downtown core has become increasingly dense and compact with the construction of countless highrise condos. The impact of the coronavirus has made Toronto’s residents hyper aware of the value of a comfortable and spacious home, and they are retreating farther from the dense and populated downtown core to Toronto’s boundaries in search of more sizeable living.

North York is becoming increasingly popular. Feeding off the lifeline of Yonge Street, the area continues to attract luxury homes and storefronts. The feel of Toronto’s downtown core continues to expand into northern Toronto, evidenced by the growing supply of luxury goods and services North York offers.

Yorkdale Shopping Centre has grown to become one of Toronto’s most luxurious destinations, housing Italian and French retail stores such as Chanel and Prada. Bayview Village Mall boasts the popular fine foods store Pusateri’s among other luxurious storefronts. And with golf courses surrounding the North York region, the high-end consumer would argue there is no reason to go downtown at all. Even so – Toronto’s downtown core is only a short drive or subway ride away.

Real estate development firm Stafford Homes is catering to the increasing demand for the area. The company recently launched its luxurious midrise condo building, 181 East, which offers spacious, picturesque units and hotel-like amenities.

The luxury building offers units ranging from bachelor to three-bedroom suites and is currently the only boutique building in North York. It was designed by Johnson Chou, an award-winning interior designer, and is outfitted with bright, modern and airy designs full of natural light. The views are remarkable, with many units looking onto the city’s bustling downtown core, and other units looking over serene residential areas.

“I have been impressed by the suites and layouts in this boutique building and I have had the same feedback from our clients; they love the luxury element combined with a sought-after location,” says Simon S. Mass, CEO of The Condo Store. “And with the special incentives being offered for the balance of the month, the value proposition has never been higher. There isn’t another offering like this one in Toronto right now.”

The new development brings its residents comfort and ease in their every day, through the integrated and functional design of the building. With indoor and outdoor fitness centres, coworking spaces, and a chef-inspired kitchen, most of your daily destinations are only an elevator ride away.
181 East is now offering a great incentive with only $5,000 down upon signing and 10 per cent before occupancy. It is a great time to get in the boutique building and take advantage of the deposit structure while supplies last.

“Even Russell Peters agrees!” notes Mass, who alongside Stafford Homes, launched the project with the comedian and Toronto native. “When we were filming the launch of the development with Russell, he was excited to see the hotel-style service that 181 East brings and the overall luxurious atmosphere and lifestyle it affords.”

While Toronto’s growth knows no boundaries, neither does its downtown core’s infectious energy. Some may say that being in North York has the same busy energy as Toronto’s downtown core – and more people are beginning to realize it.

181 East is currently in its preconstruction phase, and buyers are not hesitating to jump on the opportunity.

To learn more about the project and limited time incentives, visit 181east.ca