When it comes to condo living, Gramercy Park breaks the mould: It is offering a New York lifestyle at North York prices.
Better yet, a stylish one-bedroom suite overlooking a private park, right on the subway line and within minutes of both Yorkdale and the 401, can be more affordable than rent.
“Creating value is one of those things we pride ourselves on,” says Rony Hirsch, president of Malibu Investments, developer of Gramercy Park. “With our tremendously successful Malibu at Harbourfront project, we were consistently rated as delivering the best value for money of all Harbourfront projects.
“We are doing the same in North York. Gramercy Park is a real opportunity for many people who thought lifestyle, location and quality were out of their reach.”
Hirsch points out that a one-bedroom suite, priced at $177,990 carries for just $1,060 a month with a 15 per cent down payment.
“First-time buyers are coming to us saying why should they continue to pay rent when for the same monthly payment they can own their own home,” he says. “Especially when they see the wonderful lifestyle and the proximity to not just public transit but all the wonders of Yorkdale and the boutiques and restaurants along Avenue Road.”
Gramercy Park is both visually striking and extraordinarily well thought out. Page + Steele, architects for the project, drew its inspiration from the beautiful and prestigious private park of the same name in Midtown Manhattan. There, a gated garden is surrounded by magnificent co-op residences and private homes.
The residences of Gramercy Park are contained in an elegantly terraced building of six, nine and 12 storeys surrounding the central courtyard, a private park for the residents. The views are ever changing with the seasons and privacy and security are ensured by the layout and design.
As in New York, to ease the burdens of daily life, Gramercy Park will include a retail component. On the ground floor level facing Wilson Avenue there will be shops and cafes that can make a morning stroll a delight.
The suites range from 500-sq.-ft., one-bedroom units to two bedroom plus den penthouses over 1,100 square feet. The concept was to create a mix that would suit the needs of a blended community from singles, through young families to empty nesters.
Gramercy Park is all about choices, Hirsch says. A selection of fine suite finishes is available including engineered wood flooring in the living and dining rooms, six appliances, granite counters in the kitchen and every suite has either a French balcony, a balcony or terrace. The ground floors will have their own patio. Prices start at $169,990 and go up to the $500,000s.
Gramercy Park’s appeal extends beyond the suites. It offers a host of amenities that will make life there an everyday celebration.
Take the Gramercy Club, for example; it is a two-storey amenity building that will feature a main lobby with 24-hour concierge, fully equipped fitness facilities, a pool with whirlpool, separate men’s and women’s change rooms each with steam shower and shower, yoga room, sun terrace and even a pet spa for residents’ treasured pups. Those who like to entertain will appreciate the party room or private dining room with its own kitchen.
Subway riders are about 25 minutes from Union Station or 20 minutes to Bloor Street, York University, and Downsview Park. And now, the folks at Gramercy are offering a complimentary TTC pass for six months to those that purchase a suite.
To arrange for an appointment to learn more about Gramercy Park, phone 416-703-2202 or visit www.gramercypark.ca.