The $35 million development, located at 12-14 Dickens Street, Elwood is designed by ROTHELOWMAN architects who have created residences that draw inspiration from the greenery of the nearby gardens and neighbouring streetscapes.
Comprising 58 one and two bedroom residences over four levels, the apartments range in size from 45sqm to 80sqm and are priced from $480,000.
“For many years Elwood has experienced ongoing gentrification and is now known for its mix of grand Victorian, Edwardian and Interwar architectural character, along with its foreshore and leafy streets," said Evan Cathcart of 360 Property Group, selling agents for Canopy.
“With Elwood’s forecasted capital growth over the next five years and the low vacancy rate of 1.7 percent, it represents a great opportunity for both owner occupiers and investors.”
The Canopy interiors have been designed to combine textured surfaces and contrast, using natural materials to create a neutral, clean and crisp palette.
Kitchens feature 2-pac joinery, island benches with ceasar stone surfaces, copper finish pendant lights and stainless steel Miele appliances.
Bathrooms comprise walk-in showers along with an undercounter basin and chrome tapware set in ceasar stone surfaces. Wool carpets feature throughout the apartments with the option to upgrade to timber floors.
The six penthouse apartments comprise two bedrooms and two bathrooms and 35 square metre terraces.
Each of the 58 one and two bedroom apartments feature individual terraces, with ground floor residences featuring landscaped courtyards at an average size of 25 square metres.
Urban Inc have also developed the successful Oxley Collingwood project where 233 apartments were sold within just six weeks.
Construction of Canopy is scheduled to commence in late 2014, with completion expected late 2015.