Tricycle Condominiums

Tricycle Condominiums is a preconstruction condo project in Scarborough, Ontario. Located at 1021 Markham Road, Toronto, ON, M1H 3K1. Explore project details, pricing, and updates on Preconstruction.info.

Highlights of Tricycle Condominiums

Tricycle Condominiums is a mid-rise residential development located at 1151 Markham Road in Toronto, forming part of the larger ME Living master-planned community. The project consists of a 14-storey building with approximately 144 residential suites, offering a mix of layouts ranging from one-bedroom plus den to spacious three-bedroom configurations. Unit sizes generally range from about 540 to over 1,100 square feet, making the development suitable for both small households and growing families. The project is designed to combine modern condominium living with a more community-oriented environment, which is increasingly sought after in urban residential developments.

A key highlight of Tricycle Condominiums is its focus on lifestyle amenities and well-designed interiors. Suites feature open-concept layouts, approximately 9-foot ceilings, large windows, and private balconies or terraces that enhance both comfort and natural light. Residents also benefit from a wide range of amenities, including a fitness centre, yoga studio, party and dining rooms, Wi-Fi lounge, concierge service, and landscaped outdoor spaces. These features are designed to support a balanced lifestyle where residents can relax, socialize, and stay active within the building itself.

The development also stands out for its integration with the surrounding community and green spaces. A new park located just outside the building provides residents with easy access to outdoor recreation, while the overall project is designed to encourage a family-friendly atmosphere. As part of a multi-phase community, Tricycle builds on the success of earlier developments in the area, offering a refined living experience with a strong emphasis on convenience, accessibility, and modern urban design.

Property Details

• Property Name: Tricycle Condominiums

• Storeys: 14

• Suites: 144

• Bedroom: 1 - 3 Bedrooms

• Bathroom: 1 - 2 Bathrooms

• Size: 797 - 1,194 Sqft

• Property Type: Condo

• Location: 1021 Markham Road, Toronto, ON M1H 2Y5, Canada

• Price: Starting from $679, 990

• Property Status: Pre-construction

• Selling Status: Selling

• Ownership: Condominium

• Developer: Lash Group of Companies 

Location and Neighbourhood

Tricycle Condominiums is situated in the Woburn neighbourhood of Scarborough, Toronto, at the intersection of Markham Road and Ellesmere Road. This area is known for its balance between suburban comfort and urban accessibility, making it a popular choice for families and professionals alike. The neighbourhood features a mix of residential developments, schools, and local amenities, creating a well-rounded living environment that supports everyday needs.

One of the major advantages of this location is its excellent connectivity. Residents have quick access to Highway 401, which allows for efficient travel across the Greater Toronto Area, while the nearby Don Valley Parkway provides a direct route to downtown Toronto. Public transit is also readily available, with TTC bus routes at the doorstep and access to GO Transit services within a short distance. This level of connectivity ensures that residents can commute easily for work, education, or leisure.

The neighbourhood also offers a wide range of lifestyle amenities and attractions. Residents are close to Scarborough Town Centre, one of the largest shopping destinations in the area, along with numerous restaurants, entertainment venues, and essential services. In addition, the area is surrounded by parks and recreational facilities, including Confederation Park and nearby trails, providing opportunities for outdoor activities. Proximity to educational institutions such as the University of Toronto Scarborough campus and Centennial College further enhances the location’s appeal.

Reason to Invest In Tricycle Condominiums

One of the key reasons to invest in Tricycle Condominiums is its location in Scarborough, an area that continues to see steady growth and development within Toronto. Compared to central Toronto, Scarborough offers relatively more affordable entry points, which attract both first-time buyers and investors. As demand for housing expands beyond the downtown core, properties in well-connected suburban areas are expected to benefit from long-term appreciation.

Another strong investment factor is the project’s connectivity and access to transportation. Easy access to Highway 401, the Don Valley Parkway, TTC services, and nearby GO Transit makes the development highly attractive to commuters. Properties with strong transit access tend to maintain consistent demand in both rental and resale markets, ensuring stable occupancy rates and long-term value retention.

The development also offers a diverse range of unit types and family-friendly features, which broaden its appeal to a wide tenant base. With proximity to schools, parks, and post-secondary institutions, the project is well-suited for families, students, and professionals alike. This versatility enhances its rental potential and resale flexibility, making it a well-rounded investment opportunity in a growing part of Toronto.

A Closer Look at the Toronto Falls Real Estate Market

Toronto’s real estate market continues to be one of the most dynamic and resilient in Canada, driven by strong population growth, immigration, and a diverse economic base. The city consistently attracts new residents, which sustains demand for housing across all segments, including condominiums. This ongoing demand has historically supported long-term price appreciation, making Toronto a reliable market for real estate investment.

A notable trend in the market is the increasing demand for housing in suburban areas such as Scarborough. As affordability becomes a challenge in central Toronto, buyers and investors are turning to neighbourhoods that offer better value while maintaining strong connectivity. This shift has led to increased development activity in these areas, positioning projects like Tricycle Condominiums to benefit from rising demand and future growth.

Infrastructure improvements and transit expansion continue to play a significant role in shaping the market. Enhanced connectivity through highways, public transit, and regional transportation networks makes suburban communities more accessible and desirable. As Toronto continues to expand, developments located in well-connected and evolving neighbourhoods are expected to see strong long-term appreciation and sustained demand.

About Developer - Lash Group of Companies 

Lash Group of Companies is a well-established real estate developer with over 60 years of experience in the Greater Toronto Area. The company has played a significant role in shaping the region’s residential landscape, having developed thousands of homes and condominium units over the decades. Its long history in the industry reflects a strong commitment to quality construction, innovative design, and community-focused development.

The developer is known for its expertise in creating condominium communities that combine modern design with functional living spaces. Over the years, Lash has been involved in a wide range of projects, including residential, commercial, and mixed-use developments. The company has also demonstrated an ability to identify emerging neighbourhoods and transform them into desirable residential destinations, contributing to long-term value creation.

Lash Group continues to build on its legacy by delivering projects that emphasize quality, convenience, and lifestyle. Its developments often include thoughtful amenities, well-planned layouts, and strategic locations that appeal to both end-users and investors. With a strong track record and a focus on innovation, the company remains a trusted name in Toronto’s competitive real estate market.