Wonder Condos at 462 Eastern Ave - Now Selling
Wonder Condos at 462 Eastern Avenue is new development currently in the pre-construction stage. This new development is a mixed use building being used for both residential and commercial uses.
In late 2017, a joint proposal was submitted to the City of Toronto by Graywood Developments and the Alterra Group of Companies. The proposal detailed a plan to repurpose the iconic Weston Bakery building on Eastern Avenue into a new, high-density residential and retail complex. Originally known as “462 Eastern” in reference to the former Weston Bakery’s address, the project has now been dubbed Wonder Condos.
Eastern Avenue’s Weston Bakery closed its doors in 2014, and since then, its former site has been languishing in an unused state. Recent news reports detail how things inside the building are very similar to how they were when employees left the site after the bakery’s last day of operation. Name Tags are still on the lockers. Tools and schedules still sit in the millwright’s shop. The bread-baking machinery has yet to be removed.
That looks to be changing for the better, and very soon. While the Wonder Condos project is still in its very early stages of development, real estate insiders who have been following the story believe that the planned community will breathe new life into this underutilized corner of east Toronto’s Studio District.
A Bold Reimagining of an Iconic Toronto Building
The 2017 proposal presented by Graywood Developments and the Alterra Group of Companies envisions the Wonder Condos at 462 Eastern site as a mixed-use community that integrates newly repurposed residential and commercial space into the reclaimed façade of an iconic Toronto building.
Portions of the existing building will be designated as heritage property, ensuring that they will be preserved in a matter befitting that description. Much of the former Weston Bakery’s existing brickwork will be retained, with newly included punched windows defining the project’s second floor to protect a greater percentage of the original masonry.
Glass-encased units will also be added to the upper portions of the building on both street-facing sides. This will increase the site’s livable space while giving the project a distinct and tasteful hint of contemporary flair.
This new building is proposed to be 8 storeys high with retail space on the ground level, which will include a grocery store. There will be 286 residential units comprising of a mix of Hard Lofts, Soft Lofts, Condos. In addition there will be Town Homes constructed on Logan Ave. The development will feature an underground parking garage for 242 stalls, 42 of which will be for residential visitors, and 60 for retail use. There are also 333 proposed spaces for bicycle parking.
Local Restaurants in the area:
- Reliable Halibut & Chips
- Lady Marmalade
- lil’ Baci
- Purple Penguin Cafe
- Gale’s Snack Bar
- District 28 Bar Bistro
Parks and Recreation
The Riverside / Leslieville Queen Street strip is a one block walk to the North and boasts an array of retail stores, restaurants and cafes and a short drive to the East is the Toronto Beaches neighbourhood with waterfront boardwalk. An excellent location for a stroll or bike ride.
Cherry Beach to the south is also in close proximity along with the Martin Goodman Trail and the Tommy Thompson Conservation Area and Bird Sanctuary.
Wonder Condos at 462 Eastern is within a few minutes to the Gardiner Expressway and DVP and is just steps away from the Queen Street streetcar and bus routes 301, 501, 502, 503 and the Carlaw bus routes 72, 325.
There are excellent options for schools in the nearby area including:
- Morse Street Junior Public School
- Dundas Junior Public School
- SEED Alternative School
- Queen Alexandra Middle School
- Eastdale Collegiate Institute
- Nelson Mandela Park Public School
Wonder Condos at 462 Eastern is located 15 minutes by public transit from the Toronto Eaton Centre in the heart of Downtown Toronto. Nathan Phillips Square, Toronto City Hall and Yonge / Dundas Square are also located close by. There will always be something to do whether it is eating at many of the different restaurants, shopping at the Eaton Centre, going to watch a movie or just walking through the downtown corridors of Toronto.
Be a Part of East Toronto’s Ongoing Evolution
The 462 Eastern Avenue site of Wonder Condos is located between the Don Valley Parkway and Carlaw Avenue, with the former Weston Bakery building occupying almost a full block between Booth Avenue and Logan Avenue. This places the future Wonder Condos community in Toronto’s Studio District, which is so named for its dense concentration of businesses and facilities concentrated on film and television production.
While the southeastern reaches of central Toronto have historically been an industrial area of town, this has changed dramatically in recent years. Innovative real estate professionals and investors have reimagined Toronto’s east-central neighbourhoods as mixed-use spaces, in keeping with modern urban development trends that prioritize land use diversification. This has restyled the character of the Studio District and adjacent neighbourhoods, including Corktown and the Port Lands.
These changes have brought a long list of neighbourhood upgrades with them. Walkability scores have improved. Parks and green spaces have popped up in underserved areas. Day-to-day necessities like grocery stores, pharmacies, eateries, and locally owned small businesses continue to migrate in, bringing scores of new jobs with them.
Eastern Avenue is well-served by TTC buses, and Queen Street East is just one block north. On Queen Street, Wonder Condos residents will be able to access 24-hour streetcar service. Drivers will also be minutes from two major routes through and out of town: Lake Shore Boulevard and the Don Valley Parkway (DVP).
Lake Shore features easy connections to the Gardiner Expressway, Highway 427, Highway 401, and the Queen Elizabeth Way (QEW). The DVP cuts north through Toronto, and links the central city to its uptown suburbs and other 400-Series highways.
Proposed Site Plan
Meet the Development Team behind Wonder Condos
Graywood Developments and the Alterra Group of Companies are joining forces to develop the 462 Eastern site. Both companies have long, well-established histories as top-performing, GTA-focused property developers.
Graywood Developments is led by a star-studded lineup of respected industry professionals, with some of its latest successes including the Ritz-Carlton luxury hotel and residences, and The Mercer in Toronto’s coveted King West district. The Alterra Group of Companies is one of the city’s most prominent and successful condominium developers, with a footprint of quality and luxury spanning across the GTA to include residences like 36 Hazelton, Post House Condominiums, and many other recent projects.
The site’s design is being managed by Diamond Schmitt Architects, and this respected architectural studio is working in conjunction with the heritage property experts at GBCA Architects. Diamond Schmitt Architects is a well-established, full-service studio with a global presence, while GBCA Architects is nationally renowned for its outstanding work in the field of repurposing, reclaiming, restoring, and revitalizing heritage sites and legacy properties.
You can act with confidence knowing that this outstanding consortium of real estate and architectural professionals are working together to realize the full potential of the 462 Eastern proposal.
Wonder Condos at 462 Eastern Ave are Not Yet Open to the Public
Register to get Prices, Plans and the Brochure
The specifics and details of the Wonder Condos community are still coming together, and the project is not yet open to the public. If you would like to learn more as information becomes available, take this opportunity to register for Platinum Insider Access to this exciting development.
With your registration, you will automatically receive informative updates and up-to-the-minute information about Wonder Condos, including suite details, floorplans and layouts, community facilities, and much more. You will also have the opportunity to enjoy special early access to unit reservation opportunities, before presales are opened to the general public. This will give you the chance to secure an excellent price on a brand-new condominium suite in a fast-growing, trendy, and in-demand part of central Toronto.
It’s an opportunity you won’t want to miss!
Map of the Condominiums - Located at Eastern Avenue and Carlaw just East ofthe Don Valley Parkway