[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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The Etobicoke area, which is emerging as a popular residential and investment location these days!!
The Etobicoke Queensway area, known for its romance and upscale lifestyle!!
Among them, in the prime location of the southwest corner of Islington/The Queensway,
The luxurious five-tower condominium complex, “Verge 2 (East Tower),” has started its platinum pre-sale.
The Queensway / Islington !!
Convenient transportation with easy access to the Gardiner Expressway to the south, with Queensway Park nearby (including two baseball fields and tennis courts).
A high-end area with well-established living conditions, including discount store Costco, Cineplex theaters, restaurants, cafes, and more.
In recent years, it has transformed into an area of beautiful high-rise residential complexes, combining luxury townhouses and high-rise condos, making it a highly promising investment area.
- In addition, the nearby large shopping malls, “Sherway Gardens” and “IKEA,” make shopping extremely convenient.
- Islington subway station is just one block away, providing great convenience.
- The condo is also serviced by TTC routes to downtown and other areas, and Mimico Go Station is also nearby.
- With direct access to the Gardiner Expressway and Hwy 427, it offers quick transportation to downtown Toronto (20 minutes) or other outskirts.
- Close to Humber Bay Park along the waterfront, it offers a great location for leisure activities, exercise, walking, and hiking.
- Close to Humber Bay Park along the waterfront, it offers a great location for leisure activities, exercise, walking, and hiking.
With affordable pre-sale prices and various incentives, this area in Toronto can be even more attractive for investment than any other region.
1. Location: The Queensway / Islington Ave (1001 The Queensway)
2. Developer: RioCan
3. Number of Floors: 17 floors in the East Tower, one of the five-tower condominium complex
4-1. Pre-sale Details:
(For the initial platinum pre-sale, popular units are usually sold out within 2-3 days after the start of the pre-sale. If you delay your application, it may become very difficult to secure the unit you desire.)
Click!! _ By clicking the link below, you can view detailed information
(Units with 560 sq ft or more: Parking included in the price)
1 Bedroom
• 476 sf – 596 sf
• $574,900 – $748,900
1 Bedroom + Den
• 543 sf – 652 sf
• $642,900 – $792,900
2 Bedroom
• 657 sf – 908 sf
• $779,900 – $994,900
2 Bedroom + Den
• 845 sf – 909 sf
• $894,900 – $949,900
3 Bedroom
• 799 sf – 972 sf
• $889,900 – $1,114,900
5. Parking: Price includes 1 parking for units with 560 sq ft or more ($69,900 Value)
6. Locker: 1 locker included for all units ($7,500 Value)
7. Estimated Occupancy: Summer 2025
8-1. Deposit and Interim Payments (Resident – 2 bedrooms or less, 15%):
Upon signing: $10,000
30 days after signing: 5% – $10,000 (deposit)
180 days after signing: 2.5%
365 days after signing: 2.5%
540 days after signing: 5%
Upon occupancy: 5%
Upon registration: 80%
8-2. Deposit and Interim Payments (Resident – 2 bedrooms + den or more, 15%):
Upon signing: $10,000
30 days after signing: 5% – $10,000 (deposit)
180 days after signing: 2.5%
365 days after signing: 2.5%
540 days after signing: 2.5%
720 days after signing: 2.5%
Upon occupancy: 5%
Upon registration: 80%
8-3. Deposit and Interim Payments (Non-resident, Foreigner):
Upon signing: 5%
120 days after signing: 10%
270 days after signing: 10%
365 days after signing: 10%
Upon occupancy: 0%
Upon registration: 65%
9. Platinum Incentives:
Free 1 parking (for units with 560 sq ft or more)
Free locker for all units
Development charges capped at $12,000 for 1+den or less, $15,000 for 2 bedrooms, $17,000 for 3 bedrooms
Assignment fee: $1,000
Rental allowed from occupancy
Responsibility to provide mortgage pre-approval documents upon contract signing.
10. AMENITIES
Building Amenities
1Valet Integrated Smart Living throughout all suites.
Hi-Speed Internet
Ground Level
• Double Height Lobby with 24hr Concierge
• State-of-the-art Parcel Room
• Co-working Space
• Pet & Bike Wash Station
Level 2
• Kid’s Studio
• Fitness Studio
• Two Interactive Private Fitness Studios
• Golf Simulator
Level 9
Outdoor
• Expansive Terrace
• Co-working Spaces and Cabanas
• Lounge Seating & Fire Pits
• BBQ’s & Outdoor Dining
Indoor
• Party Room and Kitchen
• Games Room
Level 11
• Outdoor Terrace with Lounge Seating
• Putting Green
SITE PLAN
1층 시설
2층 시설
9층 시설
EAST VIEW
NORTH VIEW
SOUTH VIEW
WEST VIEW
