Project Details

Experience a new level of luxury at Freed Hotel and Residences, a revolutionary $800M Skyscraper showcasing a 5-Star Luxury Hotel and Residences, coming soon to the heart of Toronto’s vibrant entertainment district. Comprised of 100 Luxury Hotel Rooms, 400 Luxury Condominiums, a World Class Skybar/Restaurant, Boutique Spa, as well as a 10,000 sq ft Katsuya Restaurant, Freed Hotel and Residences provides residents and guests with unparalleled access to the city’s world-class entertainment, dining, and cultural attractions.


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Reasons to Buy*

Toronto is the largest city in Canada. It is home to over 2.7 million people and GROWING! It is estimated that Toronto will need an additional 259,000 new homes from now until 2031 to meet the demands of a growing population but it is estimated that the city will only be able to provide 157,800 new homes by then which means that there will be a shortage of over 100,000 homes. This will ultimately drive up demand for existing housing which will lead to increased real estate values and rental rates!


Toronto is widely considered to be a world-class city due to its vibrant economy and high-quality living standards. It is also recognized internationally as the most diverse and multicultural city in the WORLD. The city is also a hub for innovation, boasting the second largest financial center and one of the fastest-growing tech sectors in North America. In addition, Toronto is home to THREE world-renowned universities, including the University of Toronto, Toronto Metropolitan University, and York University, further cementing its status as a center of academic excellence.


The city is serviced by Subway transit, Up Express, Streetcars, GO Transit, The Eglinton LRT (Light Rail Transit), Billy Bishop Airport and is only a short commute to Pearson International Airport – Toronto is connected and can take you anywhere you need to be.


Home to a thriving Downtown Core, the Rogers Centre, the Scotiabank Arena, the CNE, Budweiser Stage at Ontario Place, BMO Field, Billy Bishop Airport, CF Toronto Eaton Centre, world-class Universities, Lake Ontario to the south, thousands of restaurants – Toronto has so much to offer!


For nearly 30 years, Freed has been a transformative force in Toronto’s real estate landscape, specializing in luxurious modern condominium developments, F&B ventures, hotel and resorts, and commercial spaces. Founded by Peter Freed, the company’s unique approach integrates vertical and horizontal strategies, aligning developments with effective construction, marketing, sales, and management strategies. This approach amplifies the brand, engages with communities, provides best-in-class service, and creates investment opportunities.

Quick Facts*

Developer: Freed Developments
Address: 240 Adelaide St W, Toronto
Nearest Intersection: Adelaide St W & University Ave
Pricing: Starting From $599,900
Occupancy: Early 2030
Storeys/Suites: 63 Storeys / 400 Suites
Suite Types: Studio – Three Bedroom Suites
Suite Sizes: 275 sq ft – 2,010 sq ft
Maintenance Fees: $0.87/sq ft – All utilities separately metered (Heat, Hydro, Water)
Deposit Structure: ​$10,000 on Signing // 5% Minus $10,000 in 30 Days // 5% in 180 Days // 2.5% in 720 Days // 2.5% in 1,200 Days // 5% on Occupancy
Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Charges (Studios & One Beds: $19,500 // Two Beds & Larger: $24,500), Free Assignment, Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, Right To Lease During Interim Occupancy
Suite Features: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer and more
Building Amenities: Lobby: Grand Lobby with 20ft Ceilings, 24Hr Hotel and Residence Concierge & Art by Takashi Murakami, Levels 2-13: 5 Star Hotel, Level 2: Katsuya – 10,000 sq ft Restaurant (New Toronto Flagship Location), Levels 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, Levels 62-63: Penthouse Restaurant – with unparalleled views of the city & CN Tower

MIB Incentives*

Developer Approved Platinum VIP Brokers
Absolute First Access to Pricing and Floorplans
The Very Best Incentives & Promotions
Extended Deposit Structure
Capped Development Levies
Right of Assignment
Free Lawyer Review of your Purchase Agreement
Free Mortgage Arrangements