Luxury, location, and several kilometers of riverside parks and trails just outside the door and across the street.
Terra View Homes’ Riverview condominium development at the corner of York Road and Wyndham Street is filling in and filling up.
In keeping with Guelph’s push to intensify new residential development in existing residential neighbourhoods, instead of sprawling out around the city limits, Riverview occupies land on a street of long-established single-family dwellings. The project began in 2014.
The framework for another large phase of Riverview is now going up, and occupancy of completed units has begun.
“We are 60 per cent sold out,” said Lisa Schuett, vice-president of sales and marketing. “There are 22 units in there in total, with two of them being model homes.” The model homes are currently not for sale.
Condos start in the mid-$400,000 range. The three-level units, in two and three bedroom plans, are 1,569 and 1,608 square feet. The main level features hardwood floors in the dining room and great room, with ceramic flooring in the kitchen, and granite countertops. Stairs between levels are also hardwood, Schuett said.
“We expect our last block of units to be ready to be occupied probably in late summer,” she said, adding that three of the four blocks of condominiums now have occupants.
The condo corner is within about four blocks of the heart of the downtown, and about the same distance from the new plaza at 40 Wellington Street.
“It’s a fabulous location,” she said. “It’s such a walkable community.”
When the development was first launched it was geared to young urban professionals, people interested in living in a smaller, quainter city, but perhaps commuting via GO Train to Toronto for work. Some of those have bought in.
“But we’ve got a lot of people who just want to be in the downtown core, want to be able to walk places, and don’t necessarily want to be in a high-rise building,” Schuett added.
Condominium development in the core of the city has been frantic in recent times. In roughly the past three years, Tricar Group completed one 18-storey condominium tower in Guelph’s downtown, and has raised a second one close to the first. Both River House, the first, and River Mill, in progress, are sold out. The buildings are the tallest residential structures in Guelph.
Nearby, Fusion Homes has begun it’s major Metalworks development on the sprawling site of the old W.C. Wood appliance factory. It features low-rise condominiums and townhouses, which are being built in four phases. Heritage structures are being preserved.
Riverview is directly across the street from York Road Park, which connects via the covered bridge to Royal City Park. Royal Recreation Trail and other trails extent for kilometers both east and west along the Eramosa and Speed Rivers.
“Everybody loves this location,” Schuett said. “For the number of people who walk in during our model home hours, who come in just because they are out walking the trails or hanging out at the Boathouse, the location is huge. Everyone loves the fact that it’s got that green space right across the road, the covered bridge, and the amenities that are so close by.”
Visit Riverview here.
