On the map: 'There's almost nothing like this near Yonge and Lawrence'
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Set to rise over the corner of Yonge Street and Woburn Avenue in North Toronto's Lawrence Park neighbourhood, the 14-storey building is geared towards affluent local residents looking to downsize without sacrificing comfort or convenience, while remaining in a part of the city they love, explains Montcrest Asset Management president and CEO Yashar Fatehi. 'Our purchasers don't care about rental cash flow or how much they can get by flipping a unit. Their main concern is buying a home that suits their needs and lifestyle.'
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To that end, soon-to-launch sales of the 77 units will be selective. 'It won't be a launch with open doors,' Fatehi says. 'There will be no walk-in sales centre, just curated one-on-one appointments.'
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'Demand for an upscale midrise condo building in the area has built up over many years,' he says, 'because there's almost nothing like this near Yonge and Lawrence. There's Yonge and Eglinton, of course, but that's a completely different neighbourhood. There's Yonge and Sheppard, but again, it's nothing like Lawrence Park.'
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The building was designed by Toronto architect Richard Wengle, who says inspiration came from 'the classic streets and neighbourhoods of London, Paris and New York, where detail, scale and proportion are paramount at the pedestrian level.' He believes the design of The Aston Residences reflects a kind of 'elegant, tailored architecture that has been missing from our city for many decades.'
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A short walk from the Lawrence subway station, The Aston is being built on one of the few large sites in the neighbourhood zoned for a development of this scope. 'It's extremely difficult to put together a sizable piece of land to be able to build like this,' Fatehi says, adding that the project will be the tallest in the area, though only slightly taller than a 13-storey development completed nearby more than a decade ago.
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Suites range from 1,100 to 3,700 square feet, with most exceeding 1,500 square feet. Every unit features a two-bedroom layout — many with added family rooms or home offices — and all come with 10-foot ceilings, walk-in closets, laundry rooms with sinks and built-in cabinetry, and full-sized kitchens outfitted with Miele appliances. Large balconies measuring at least 150 square feet are equipped with gas connections for barbecues, a rare perk in the Toronto condo market. 'It's important for residents to enjoy their own outdoor space, as this is an area where traditional condo balconies fall short,' Fatehi says. Amenities are concentrated on the rooftop. A wellness centre offers a gym, yoga studio, steam room, dry sauna and massage space. A party room with bar, lounge, dining area and catering kitchen anchors a social hub. Outdoor terraces provide additional lounge and dining areas with shared barbecue facilities. 'We know future residents (will) like to entertain,' Fatehi notes.
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