Coming soon a new pre-construction luxury high-rise tower combined-use residential development that is coming soon and taking its place at 1474 Bayly Street in the Bay Ridges neighbourhood of Pickering. It’ll be brought to you by Chestnut Hill Developments, who are renown for building low to high-rise master-planned communities throughout the GTA. The expected completion date is slated for 2021.
Project Name: Universal City Condos
Developer: Chestnut Hill Developments
Address: 1474 Bayly St., Pickering, ON L1W 1L8
Year of Completion: 2021
Type: High-Rise, Mixed-use
Number of Units: TBA
Suite Sizes: 1 Bedroom to 3 Bedrooms
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Live in Pickering
Over the next 15 years or so, Pickering is expected to lead the GTA in growth with an additional 35,000 new jobs, where the population is also expected to double in size. Presently it’s just under 100,000, however it is projected to rise to about 190,000 people, due to approvals and support from the city, to build as many as 10-15 high-rise office buildings and residential towers in this high density urban corridor which is strategically located adjacent to highway 401 where it connects you to other major arterial roadways and alongside the GO Transit station. There are also numerous of bus routes that operate in the area making the commute a breeze.
This growing city has a very affluent population overall. The average household income in is $114,000 which is incredible. If you are a potential buyer or an investor and are thinking, why Pickering?. The first thing is there’s an amazing potential rental pool for investors, buyers alike have great transportation to downtown Toronto, it’s only a 26 minute GO train ride which is non-stop express - directly into Union Station. In reality, of course, with any investment, you always have closing costs. The nice thing about it is you only have one land transfer tax here. The development charges are significantly lower than that in Toronto.
With so much going on in this vibrant place itself, there is no reason to not consider taking up residency at Universal City Condos. Be one of many who will soon call this thriving metropolis home. Be part of the dynamic future of this fastest growing city in the Durham region. Secure your urban oasis suite now. It’ll be a decision you won’t soon regret.
Average Household Income
Chestnut Hill Developments
In 1981, Chestnut Hill Developments was founded. This developer believes that insight is power, and that is why they initiate each one of their projects with extensive market research. They adopt this understanding to create homes and communities that put their customers and homeowners first. Their philosophy is to deliver what people want with integrity and first-rate service, in low-rise, high-rise and mixed-use communities.