Celeste Condos is an upcoming 40-storey mixed-use building by Diamond Corp and Alterra located at the southeast corner of Richmond Street East and George Street. In this blog post, we’ll be listing the top five reasons to invest in this exciting upcoming pre-construction project.

1. Situated in One of Downtown Toronto’s Most Established Communities

Celeste Condos is just minutes away from several academic institutions including the University of Toronto, Ryerson University and George Brown College. Situated in Old Town, the community is well-known for its numerous heritage sites and established businesses, surrounded by green spaces like St. James or David Crombie Park.

Experience an enviable location and coveted lifestyle inspired by the vibrancy of true downtown living. Look up and admire an architectural pilar of contemporary architecture rising 40 storeys high above the sky presenting stunning views of the city. At street level, history defines the building’s roots with a brick-clad heritage façade embraced by retail and open public space.

– Celeste Condominiums

Investing in a downtown location also means access to many transit options. The King and Queen streetcars are only a 2-minute walk, and their respective subway stations are only a 7-minute walk. Celeste is located next to Queen Station, which will be integrated with the Ontario Line, an $11 billion infrastructure project set for completion in 2027. It is expected to become a full 15.6km line with 15 stops, providing easy connections to more than 40 local and regional transit lines, including TTC Lines 1 and 2, GO Transit, and the Eglinton Crosstown LRT.

2. Amenities That’ll Keep You Busy

With more than 6,500 square feet of amenities at Celeste, you won’t want to leave home. If you’re looking to socialize with close friends or commemorate an evening, two-party rooms are available. Planning on working from home? The coworking lounge will become your best friend. Looking to break a sweat without travelling far? The fitness centre is just for you.

A complete list of amenities at Celeste is located below:

• Party Rooms
• Coworking Lounge
• Pet Zone
• Fitness Centre
• Rooftop Terrace
• BBQ Area
• Kid’s Playroom

3. If You’re a Foodie, Celeste is for You

Celeste Condos is just blocks away from major food hot spots known for their unique dishes and cuisines. You can stop by the St. Lawrence Market, which features more than 120 merchants and farmers with unique products to explore. If you’re a pasta lover, head down to Terroni, one of Toronto’s well-known Italian gems, just blocks away from Celeste. Are you looking to treat yourself to an exceptional cup of coffee or a leisurely meal? You can walk down to Toronto’s food favourites like the Carbon Bar, the George Street Diner, and Richmond Station.

The City of Toronto has also announced development plans for the St. Lawrence Market North Building. The ground floor is to cover 43,000 sq. ft., and the building will also have 43,000 sq. ft. of office space and 32,000 sq. ft. of space for courts. The project construction is estimated to be completed later this year in the fall.

4. Connected to the Employment Hub of Canada

Celeste puts residents a short walking distance away from Toronto’s Financial District, which accounts for almost 10% of Canada’s GDP. The extensive healthcare network of hospitals, medical research centres, MaRS Discovery District and University Health Network is right around the corner. The explosive tech sector has companies like Google, Amazon, Reddit, Netflix and Uber calling downtown Toronto their home.

The Toronto Financial District BIA represents Toronto’s premier business centre, an area that includes Union Station, the PATH underground walkway, Canada’s five major banks, and many of its most prominent firms. The BIA is funded through a special levy on commercial real estate within the Financial District boundaries. Membership includes all commercial properties and businesses in the Financial District.  

– Toronto Financial District

5. So Much to Do, and So Close By

Whether you plan on spending the day inside or outside, Celeste is in close proximity to many major entertainment attractions in Toronto. Head down to the Art Gallery of Ontario, Eaton Centre, CN Tower, or the Distillery District, all just a few minutes away from Celeste.