[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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Dundas / University!!
The area with the highest concentration of professionals and residents in downtown Toronto is the intersection of the Financial District and Entertainment District. It is a preferred location for professionals, workers, and the younger generation.
In the heart of this area, on the northeast corner of Dundas/University intersection, the luxurious 55-story mixed-use condominium “The United Bldg” (481 University) has recently launched its final platinum pre-sales.
The United Building Condo!!
Surrounded by five major hospitals, numerous corporations, IT companies, banks, and hotels, it is located in a highly esteemed area. To the east, you have Eaton Centre and Dundas Square, Ryerson University. To the north, there is the University of Toronto. To the west, you have OCAD University and the vibrant Entertainment and Fashion Districts (King West, Queen West). To the south, there is the Financial District. It is a central core area encompassed by these vibrant districts, making it an ideal residential area for young professionals and experts.
Especially, with direct underground access to St. Patrick subway station, it provides seamless convenience through the use of the underground PATH network, consisting of seven subway stations and underground walkways.
The location is within comfortable walking distance to the University of Toronto, Ryerson University, and OCAD University. Furthermore, with the extension of the subway line to “Etobicoke Centre,” “Yorkdale Shopping Mall,” and the Vaughan Metropolitan Centre, commuting to York University and beyond becomes incredibly convenient, without the need to transfer trains.
If you prioritize luxury, comfort, convenience, and investment benefits, The United Building Condo is an excellent choice.
The estimated occupancy date is in the fall of 2025, approximately 4 years from now. As an additional incentive, the construction company guarantees the rental income (lease) for the first two years after occupancy.
Rental Guarantee Amount:
Studio: $2,274-$2,486/month
1 Bedroom: $3,757-$4,360/month
1+Den: $4,931/month
2 Bedrooms: $6,235/month
3 Bedrooms: $8,835/month
The down payment schedule is also divided into 15% over 2 years, allowing for a comfortable financial preparation schedule and offering significant advantages in terms of investment return.
Considering the surrounding construction conditions and regulations, it is estimated that it will take approximately 6-8 years from occupancy to registration. With a 15% down payment, if you calculate the value after registration, which is 6-8 years in the future, you can expect a high return on investment with a relatively small initial investment.
1. Location: Northeast corner of Dundas/University (481 University Ave)
2. Developer: Davpart
3. Number of Floors: 55 floors, 700 units
4-1). Sales Details:
∨Click the link below to view floor plans, brochures, and detailed information.
United – Penthouse and Skytwons – Brochure
Studio: 279-305 sq ft, starting from $668,990
1 Bedroom: 461-535 sq ft, starting from $948,990
1+Den: 605 sq ft, starting from $1,198,990
2 Bedrooms: 765 sq ft, starting from $1,397,990
3 Bedrooms: 1,084 sq ft, starting from $1,827,990
Sky Town & Penthouse
2-3 Bedrooms: 1,060-1,431 sq ft, starting from $2,062,990
2-Year Rental Guarantee Amounts
Studio: $2,274-$2,486/month
1 Bedroom: $3,757-$4,360/month
1+Den: $4,931/month
2 Bedrooms: $6,235/month
3 Bedrooms: $8,835/month
5. Parking: $225,000 (Skytown available, remaining units on waitlist)
6. Penthouse Parking: 1 parking included for free
7. Locker: Waitlist
8. Estimated Occupancy: Fall 2025
9-1. Deposit and Interim Payments (Applies to both residents and foreigners, 15%)
Deposit: $10,000
30 days after signing: 5% – $10,000 (deposit) (2021)
300 days after signing: 5% (2022)
600 days after signing: 5% (2023)
Upon occupancy: 5%
Upon registration: 80%
9-2. Deposit and Interim Payments (Foreigners, 15%)
Deposit: $10,000
30 days after signing: 5% – $10,000 (deposit) (2021)
300 days after signing: 5% (2022)
500 days after signing: 5% (2023)
Upon occupancy: 10%
Upon registration: 75%
10. Platinum Incentive
15% interim payment before occupancy
2-year rental guarantee after occupancy
Rental Guarantee Amounts
Studio: $2,274-$2,486/month
1 Bedroom: $3,757-$4,360/month
1+Den: $4,931/month
2 Bedrooms: $6,235/month
3 Bedrooms: $8,835/month
Waived assignment fee (usually $5,000)
Rentals allowed from occupancy onwards
Development charge capped at: $18,000 (1+Den or smaller), $22,000 (2 Bedrooms or larger), $26,000 (3 Bedrooms or larger)
Responsibility for issuing mortgage pre-approval documents
11. Condo facilities
11-1)Indoor
Luxury Residential Lobby
24/7 Concierge
Party Room with kitchenette
Card Lounge
Co-Working Space
Fitness
Sports Lounge with Billiards
Golf Simulator
Video Gaming Lounge
Library
Theatre
Pool with fireplace
Pool deck with sun loungers (indoor/outdoor)
Change Rooms
Sauna and Rain Room overlooking the courtyard
11-2) Ourdoor
Dog Run
Four Season Reflection Pool with warming pavilions and seating
Bocce Court
Yoga Deck
BBQs
Dining
Lounge with fireplace
Hot Tubs
Pool deck with sun loungers (indoor/outdoor)
Rock Garden
Pool
Party Room
Idea Space
Sports Lounge
Theatre
Lobby
Corridor
Dining Room
Kitchen
Living Room
Terrace
