140 Bathurst Street, often referred to as Adelaide Square, is found just south of Richmond and is mere steps away from the King West neighborhood’s Entertainment District as well as the increasingly fashionable Queen Street. Throughout an area that boasts loft conversions and glitzy modern condos, Adelaide Square brings a little something different to the table. More modest and comfortable, Adelaide Square promises suites that are well laid out with a more traditional Toronto feel and akin to something that feels a little more like home.
Currently Adelaide Square boasts several one-bedrooms and two-bedrooms ranging in size from 494 sq. ft. to 1,433 sq. ft. Though it is found within the borders of Queen West, it is close enough to King West that 140 Bathurst Street provides a unique middle point between neighbourhoods. This gives residents the opportunity to enjoy the best amenities of both neighbourhoods without having to sacrifice time and money to do so.
Originally built in 2000 by the Tonum Ltd. Developers, 140 Bathurst Street is now overseen by Gpm Property Management. Containing ninety-one units spread across nine storeys, some of the common features of these suites include a warm, cozy space complete with lots of natural light from large windows, wood floors, separate kitchens with breakfast bars, and a private balcony. Those fortunate enough to nab a corner unit also benefit from the added light brought in from the windows and exquisite views to the cityscape ahead. In addition to what is found in the condos themselves, surrounding Adelaide Square are a number of independently owned boutiques, galleries, and restaurants, accommodating residents who want to browse, shop and dine. All this makes 140 Bathurst Street an excellent investment for first-time buyers seeking a downtown Toronto condo at an affordable price.
Some of the more notable features at Adelaide Square include its location advantage, allowing a resident to fully enjoy the benefits of having two of Toronto’s most up and coming neighborhoods to browse. In addition to the surrounding King West and Queen West amenities, the in-building amenities give a resident the opportunity to get to know their neighbours and encourage social relations between members of the community. Thirdly, 140 Bathurst Street could not be a better location as far as TTC access goes, giving residents the chance to ride the Bathurst streetcar north-south, linking up with the Bloor subway.
140 Bathurst Street building amenities include a gym and exercise room, a party room, a meeting and function room, pet restrictions, an enter phone system, public transit, visitor parking, a parking garage, and security. The building’s maintenance fees assist in covering the cost of air conditioning, heat, building insurance, common element maintenance, hydro, and water.
The condo complex boasts a perfect transit score of 100 out of a possible 100 and a near-perfect walk score of 99 out of a possible 100. The half kilometre surrounding 140 Bathurst Street includes key Toronto restaurants such as The Football Factory, coffee shops such as Harrington Fine Foods, bars like The Paddock, grocery stores including The Kitchen Table, parks such as Victoria Square Park, schools, shopping boutiques, and more places to browse. There are additional commercial opportunities that lie further outside of this half kilometre as well. Taking the pedestrian and bicycle-friendly streets of Adelaide or Wellington provides a unique passageway further into central Toronto. Taking the TTC either via the Bathurst, Queen or King streetcar also provide several boutiques, restaurants, and music venues to enjoy one’s time at.
The average price per square foot at 140 Bathurst Street is $568 with a healthy annual growth rate of 2.9 percent. As an investment, these suites have retained and grown in value in accordance with the amenities surrounding the building. For first-time buyers, this is an ideal investment as Adelaide Square is nearly 20 percent less expensive than other condos in the area, a major find for those fortunate enough to buy-in.
140 Bathurst Street is a rare opportunity to buy into one of the strongest areas of Toronto and to do so at an affordable price point. There are some buyers who may prefer some of the newer construction in the area but overall, if price is a major hindrance, a unit at Adelaide Square promises to give all the advantages that one would ever expect in a King West condo development. Comes highly recommended and is well worth investigating for those betting on location.
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