[Recommendation]: Currently, all types of real estate, including townhouses, houses, and condominiums, in the entire Greater Toronto Area and small surrounding cities are rapidly rising in a competitive bidding format.
It is a well-known fact that once the prices of houses and townhouses are upgraded, as they have been, the prices of existing condos and condo pre-sales will also rise significantly, just like a few years ago.
Rather than buying existing real estate, which is uncertain and expensive due to the price explosion, we strongly recommend that you take advantage of the opportunity to purchase valuable and affordable condo pre-sales before their prices rise significantly, which can be predicted in advance.
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Downtown Corktown!! Distillery District!!
In the heart of downtown Corktown, the renowned construction company Great Gulf is currently offering the final platinum units for sale in their “Home” condominium project, which is scheduled for occupancy next year.
Over the past decade, the Corktown and Distillery District areas in the eastern part of downtown Toronto have undergone significant redevelopment and reconstruction, creating a remarkable residential zone that includes vast parks and walking and biking trails.
With the inclusion of the Design District on King St East, this condominium development is poised to become a highly valued asset at the epicenter of “urban renewal” blending seamlessly with parks, green spaces, historically preserved buildings, and new condos.
This area has gained consistent popularity among university students, artists, and young families, and has become a sizable young town, attracting young students and immigrants from around the world who have settled in the area.
Within walking distance, there are brand new YMCA facilities and a variety of shops, restaurants, cafes, and amenities, making it incredibly convenient to access the Distillery District and St. Lawrence Market.
100 Transit Score / 98 Walk Score / 100 Bike Score
Important transportation information:
University of Toronto, Ryerson University, OCAD: 15-20 minutes via TTC
George Brown King Campus: 10-minute walk
George Brown Lakeshore Campus: 10 minutes via TTC
24-hour Streetcar to Downtown Core
A subway station for the upcoming relief subway line, planned to be constructed at King Street East and Sumach (5 minutes’ walk), is in the works.
Easy access to Gardiner Expressway, Lakeshore Blvd, and Don Valley Parkway.
Nearby amenities:
Coffee Shops,
Grocers and Supermarkets
Pubs & Live music bars
Major Banks
Canada Post
Hardware Stores
Pharmacies
Health Clinics
EJ Sushi, Souvlaki Express, Fuse Restaurant, Subway, Domino’s Pizza,
Condo indoor facilities
With easy access to the heart of downtown and convenient transportation, this presents a great opportunity to enjoy a beautiful surrounding environment, a relaxed and high-quality urban lifestyle, all at a very affordable investment.
1. Location: Adelaide St E & Parliament St (48 Power St)
2. Developer: Great Gulf
3. Number of Floors: 21 floors, 550 units
4. Sales Details:
∨(Click!!) You can click on the floor plan, brochure, etc. below for more information.
Home_Interior Description
View Home-on-Power_Brochure
1 Bedroom: 515-715 sq ft, starting from $682,900
2 Bedroom: 727-804 sq ft, starting from $915,900
2+Den: 801-889 sq ft, starting from $984,900
3 Bedroom: 834-1,312 sq ft, starting from $1,090,900
5. Parking: $75,000
6. Locker: $6,000
7. Maintenance Fee: $0.57/sq ft
8. Occupancy Date: 2022
9. Deposit and Installments:
Upon signing: $10,000
30 days after signing: 5% – $10,000 (deposit)
180 days after signing: 5%
Upon occupancy: 5%
Upon registration: 85%
