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Peter and Richmond

By Carlyle Communities

124 Peter Street Toronto

Selling From

Jan 2020

Occupancy

TBD

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Average Income

$74,304

Population Age

31 y/old

School Score

7.00/10

Price Index Change 1y

+8.73%

Price Index Change 3y

+48.81%

Rent Index Change 1y

+3.86%

Rent Index Change 3y

+21.21%

Peter and Richmond

Peter and Richmond is on sale since Jan 2020.

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Selling From:	Jan 2020
First Occupancy:	TBD
Suites Size Range	400 - 1200 sq ft
Storeys:	46
Units:	435
Last Updated:	2019-11-17

Peter and Richmond Overview

In October 2014 Carlyle acquired 128 Peter Street, a former nightclub located at the southwest corner of Peter Street & Richmond Street West, within the vibrant and burgeoning Entertainment District. The acquisition was driven around Carlyle’s continued focus on acquiring prime real estate in the popular and growing neighbourhood. Since that time, Carlyle has gone on to assemble five additional properties generating a 17,500 sq. ft. development site in one of Toronto’s fastest growing neighbourhoods. The area has emerged as one of the most in-demand places to live, becoming a local “hot spot” for young professional to live largely as a result of its close proximity to the Financial District, many of the City’s best restaurants, bars, nightspots and performance venues.

Peter and Richmond Project Details

Fortress Real Developments, Carlyle Communities and Berkley Developments have partnered on a high-rise development on the southwest corner of Peter and Richmond Street West. The Peter and Richmond Land Assembly (PRLA) will feature a 36-storey condominium apartment tower with approximately 250 units, an average unit size of about 660 square feet, and prices of approximately $400,000. The downtown Toronto condominium market remains very strong, and much of the market’s performance in the first half of 2014 can be attributed to well-located developments on transit, or close to ample entertainment and employment. The subject site is targeting an average overall index price at launch of approximately $600 psf, in line with the resale market, and well below the asking price of remaining new units in the market. Other downtown condominium projects that have recently launched using a moderate pricing strategy have experienced great success. The combination of a strong partnership, attractive pricing, innovative design and a location in the highly desirable entertainment district have this project poised for brisk sales and tremendous success.

Positioned in the heart of the entertainment district, this project will be in walking distance to the best theatres, nightlife, restaurants and shopping Toronto has to offer. The plan is to build a 36-storey condominium tower with 250 residential units ranging in size from 400 to 1200 sq. ft. The project will be designed by Architects Alliance and feature modern aesthetics that will carry through from the exterior of the building to the finishes inside the units.

Peter and Richmond Project Features

No detailed information is available at the moment.

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DESIGN. VALUE. INTELLIGENCE.

Driven to create inspiring designed communities that provide superior living enviornments.
Carlyle communities is a leading developer of new home and mixed use communities in the greater Toronto area.
Our mission is to ensure that all our communities provide intelligent,
efficient designs that capitalize on our long term vision for sustainable value.

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Yuriy Setko

Real Estate Broker

Right At Home Realty Investments Group Brokerage

895 Don Mills Rd #206 B2 Toronto, Ontario M3C1W3

English Russian Ukranian

Travel Times

30 min

Commute

Walking Driving Transit Cycling

0 min 60 min

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Walkscore

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Schools

Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

School	Type • Program • Language	Rating	Avg Income	Home Price Index
Ogden Junior Public School (Grades JK–06) 33 Phoebe St, Toronto, ON M5T 1A8, Canada	Public • Elementary • English	Good	$64,442	$744,060
Harbord Collegiate Institute (Grades 09-12) 286 Harbord St, Toronto, ON M6G 1G5, Canada	Public • Secondary • English	Excellent	$68,484	$860,623

Click on schools in the table above to display school boundaries on the map.

Neighborhood School Ratings

	Fraser Institute	EQAO
Lowest	6.20 / 10	63 / 100
Highest	6.30 / 10	77 / 100
Average	6.3 / 10	70 / 100

The following EQAO Ratings were used:
• Elementary Schools:
Grade 6 Reading, Writing and Mathematics
• Secondary Schools:
Grade 9 Academic Mathematics

Peter and Richmond Investor's Outlook Powered by AIDA

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Comparative analysis of Peter and Richmond location's Walkscore, Transitscore, Bikescore and Schoolscore.

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Peter and Richmond Comparative Analysis Powered by AIDA

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Peter and Richmond Price Index vs Rent Index Chart

Price Index vs Rent Index Explained

Home Price Index of &(home_price_idx) and &(home_rent_idx) Rent Index are based on known 12 months sales history in &(community), where Peter and Richmond will be built.
The Home Price Index in this neighborhood is slightly below the average among &(projects_tolal) projects. And the Home Rent Index is slightly above the average.

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Peter and Richmond Home Appreciation vs Rent Growth 1y Chart

Home Appreciation vs Rent Growth 1y Explained

Home Appreciation of &(year_price_growth) and &(year_rent_growth) Rent change are based on known 24 months sales history in &(community), where Peter and Richmond will be built.
Both, the Home Price Index and Rent Index in this neighborhood are above the average among &(projects_tolal) projects.

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Peter and Richmond Home Appreciation vs Rent Growth 3y Chart

Home Appreciation vs Rent Growth 3y Explained

Price Appreciation of &(year_price_growth) and &(year_rent_growth) Rent change are based on known 4 years sales history in &(community), where Peter and Richmond will be built.
The Home Price Appreciation in this neighborhood is the top 25% among &(projects_tolal) projects. And the Rent Demand is slightly above the average.

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Walkscore vs Transitscore Chart

Walkscore vs Transitscore Explained

Walkscore of &(walkscore) and &(transitscore) Transitscore are calculated for the exact location of Peter and Richmond project, and can be described as &(walkscore_desc) and &(transitscore_desc) accordingly.

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