Location: 240 Adelaide Street West, Toronto
Introducing Freed Hotel & Residences by Freed Developments, a distinguished project by Freed Developments set to redefine luxury living in Toronto. Crafted with visionary architecture by Smith & Gill Architecture and exquisite interior design by Design Agency.
This monumental 63-story building houses 400 condominium units, ranging from 270 to 9,000 square feet. Located at the prime address of 240 Adelaide Street West, at the north/east corner of Adelaide & Duncan, residents will be welcomed into a grand lobby featuring a captivating art installation by renowned artist Takashi Murakami. The building boasts over 21,000 square feet of amenities, including a 24-hour concierge, a 5-star hotel, Katsuya’s new Toronto flagship location occupying 10,000 square feet, state-of-the-art fitness facilities.
A boutique spa with complimentary wellness offerings, an outdoor pool with a lounge and bar, a screening/media room, co-working lounge, and multipurpose entertainment rooms, offering an unparalleled living experience. This iconic addition to Toronto’s skyline represents a perfect blend of art, architecture, and luxury amenities, making it a coveted destination for discerning residents.
240 Adelaide Street West, Toronto, epitomizes urban convenience and connectivity, boasting an exceptional mobility score that reflects its prime location. Situated merely steps away from the TTC Streetcar and a brief 5-minute walk to St. Andrew Subway Station, residents have the city at their doorstep. The property’s proximity to a vibrant array of shops, restaurants, and cafes enhances daily living, making it a sought-after address for those who value convenience and an active urban lifestyle. A mere 10-minute walk to the Financial District, 14 minutes via TTC to Union Station—which connects to UP Express, VIA Rail, and GO Station—further underscores its strategic location. For entertainment enthusiasts, Rogers Centre is just a 13-minute walk away, while Scotiabank Arena is reachable within 17 minutes on foot, positioning 240 Adelaide Street West as a nexus of mobility, accessibility, and city life.
Over 21,000 sq.ft. of Amenities:
24- hour Concierge
Level 2:Katsuya – 10,000sqft Restaurant, New Toronto Flagship Location
Level 5: Fitness facilities; Change Rooms; Boutique spa with complimentary wellness offerings; Resident lounge with adjoining outdoor terrace
Level 6: Outdoor pool; Pool lounge and Bar; Screening/Media room; Co-Working Lounge ; Multiple-purpose Entertainment Rooms
Level 62-63: Penthouse Restaurant – with unparalleled views of the city & CN Tower
Freed Developments is a leading real estate developer in the Greater Toronto Area, known for luxurious condominiums and innovative projects. Founded over 25 years ago by Peter Freed, they have a reputation for high-quality, experience-based developments.
Notable Projects:
Art Shoppe Lofts + Condos: Stylish development at Yonge and Eglinton.
Seventy5 Portland: Chic, urban appeal in King West
Current and Upcoming Projects:
Freed Hotel and Residences: An $800M skyscraper in Toronto’s Entertainment District, featuring luxury hotel rooms, condos, and the first Katsuya restaurant in Canada
The Residences II at Muskoka Bay Resort: Luxurious resort living in Muskoka
Why Invest in Downtown Toronto?
Investing in downtown Toronto offers substantial benefits due to its strong economic foundation, diverse demographics, and dynamic real estate market. Toronto is the economic heart of Canada, attracting businesses, professionals, and students, which fuels continuous demand for housing. The downtown area, in particular, is a hub of activity, offering unparalleled access to employment opportunities, entertainment, and cultural attractions.
The real estate market in downtown Toronto is robust, with average condo prices around $940,000 as of mid-2024. Despite a slight decrease in overall home prices, the market is expected to stabilize and potentially appreciate due to high demand and limited supply. Downtown Toronto remains a desirable location for both renters and buyers, supported by its excellent public transit system, including subway and streetcar lines, and proximity to major highways.
Additionally, downtown Toronto boasts a high quality of life with numerous parks, waterfronts, top-rated schools, and world-class dining and shopping options. The area’s luxury condos and high-end amenities attract a diverse and affluent population, making it a prime investment location.
Register to Receive Guaranteed Platinum Access &Incentives, Floor Plans, Prices & Much More!
Receive Guaranteed Platinum Access & Incentives, Floor Plans, Prices & Much More!
