Home Blog The Heart of Downtown Toronto is Getting a New Skyscraper | 8 Elm on Yonge


The Heart of Downtown Toronto is Getting a New Skyscraper | 8 Elm on Yonge

24 August, 2022
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8 Elm on Yonge will be a 69-story tower rising from a three-story restored heritage building on Yonge Street. This thriving and sought-after neighbourhood is home to some of Toronto’s most desirable real estate. Because of its accessibility to public transportation, entertainment, job centres, and famous post-secondary education institutions, 8 Elm offers an exceptional opportunity. Elm Street is a calm, pedestrian-friendly side street that gives a pleasant reprieve from the downtown bustle, despite the fact that this section of the city is alive with vibrant energy day and night. This fantastic location has something that not many downtown sites have: an almost perfect walk, transit, and bike scores across the board.

8 Elm is close to prominent downtown enclaves and areas such as The Financial District, Yorkville, Chinatown, and Kensington Market. 8 Elm is situated on Line 1 and steps from Dundas Station, making it convenient to navigate downtown and the GTA. With a complete array of fantastic shopping, dining, and entertainment options right around the block, there will always be something to do or see.

Residents of 8 Elm will be able to enjoy being a short walk or commute to Ryerson University, University of Toronto, and OCAD, which are three well-known universities regarded for their business, nursing, arts, as well as other courses. Many students attend post-secondary education in the urban centre, resulting in a strong demand for housing with a short or non-existent commute.

With the current lack of supply 8 Elm will give a chance for investors to enter into a downtown region that rarely offers such opportunities. 8 Elm will be able to provide options to fit any need, whether you are an investor seeking for a profitable rental property or a young professional wanting to live close to work and all the fun.

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