Golden Mile

About Golden Mile

Golden Mile is a new pre-construction condominium planned for 1920 Eglinton Ave E in Scarborough, Toronto. Developed by Madison Group, full unit counts and heights are still being confirmed, with occupancy dates still to be confirmed. The development is distinguished by High-rise blocks in the Golden Mile regeneration corridor. Residents will be positioned near Scarborough Town Centre and the Scarborough Bluffs and Bluffer's Park.

Golden Mile is distinguished from typical pre-construction projects in the area by High-rise blocks in the Golden Mile regeneration corridor. The current construction stage is described as "registration," which affects the timing of deposits, interim occupancy and final closing. Madison Group is known for Nobu Residences Toronto (in partnership), Design Haus, 383 Sorauren and multiple luxury and boutique condominium projects, and Golden Mile extends that focus. Buyers researching the project should review the developer's official brochure and floor plan set for the current confirmed specifications, as details are subject to change as construction progresses.

Living in Scarborough

Golden Mile sits at 1920 Eglinton Ave E, within the Scarborough Town Centre, Kennedy, Golden Mile, Birch Cliff and adjacent Scarborough neighbourhoods. This part of Scarborough is Toronto's largest suburban district, being reshaped by the Line 2 subway extension to Scarborough Town Centre and the Line 5 Eglinton Crosstown LRT.

Rapid transit is provided by Kennedy Station on Line 2 (Bloor-Danforth) and future Line 5 (Eglinton Crosstown LRT), the current interchange point, and the future Scarborough Centre Station on Line 2 extension, planned as the northern terminus of the extended subway. Surface transit includes the future Line 5 Eglinton Crosstown LRT along Eglinton East, the future Line 3 Scarborough replacement bus service and BRT along the former RT alignment, multiple Kingston Road, Sheppard and Lawrence bus routes. The Line 2 East Extension is under construction and will extend the subway to Scarborough Centre, and the Line 5 Eglinton Crosstown LRT is being extended east across Scarborough.

Nearby destinations include Scarborough Town Centre, a major regional shopping mall and civic hub; the Scarborough Bluffs and Bluffer's Park, along the Lake Ontario shoreline; the Toronto Zoo and Rouge National Urban Park, to the east of the district; Centennial College and the University of Toronto Scarborough campus, in Highland Creek. Scarborough hosts significant office, healthcare, education and industrial employment, and downtown is a 45 minute commute via Line 2. Scarborough serves a diverse mix of new-immigrant families, transit-oriented renters and downsizers from surrounding low-rise houses.

Buyer and Investment Considerations

Golden Mile may appeal to end-users and investors focused on Scarborough. The location draws on the Scarborough Town Centre and Consilium Place office clusters, healthcare employment at Scarborough Health Network hospitals, and future Line 2 subway access to downtown. Rental demand is supported by employment centres, colleges and universities, and improving transit access.

A firm occupancy date has not been publicly released. Purchasers should ask the developer for the current construction schedule and expected interim occupancy window. Buyers should review proposed maintenance fees, deposit schedule, parking and locker pricing and any assignment restrictions before committing.

From an investment perspective, buyers should compare Golden Mile's final pricing, price per square foot, suite efficiency and monthly carrying costs with existing resale condominiums in Scarborough and with competing pre-construction projects expected to reach completion in the same window. New high-rise supply is concentrated around Scarborough Town Centre, Kennedy Station and Golden Mile, with a significant pipeline advancing through the late 2020s. Future value and rental performance will depend on the final purchase price, carrying costs, unit layout and the amount of competing supply delivered before occupancy.

About Madison Group

Madison Group is a Toronto real estate developer founded in 1961 focused on commercial, residential and mixed-use real estate development across North America. The company is known for Nobu Residences Toronto (in partnership), Design Haus, 383 Sorauren and multiple luxury and boutique condominium projects. The company operates as both a developer and a long-term real estate holder across Toronto, New York and other markets. For buyers evaluating Golden Mile, madison's portfolio includes several downtown high-rises with heritage integration.

Golden Mile Pricing and Floor Plans

Pricing and available floor plans for Golden Mile are subject to change as suites are reserved or released. Contact CondoWizard for the current price list, floor plans, deposit structure and any purchaser incentives available at the time of your enquiry.