Platinum pre-sale of “8 Elm” condo located right next to Yonge/Dundas subway station, the best location in downtown!
This is a place that needs no further introduction – Yonge/Dundas in downtown!
This is a condo that has already been verified by its location, developer, and quality, so it needs no lengthy explanation.
In short, this condo is being built right near Dundas subway station, right next to the iconic “Dundas Square” and Eaton Centre in downtown. Within a 10-minute walk, it offers convenient access to the five largest hospitals, department stores, shopping, universities, parks, finance, and cultural arts in downtown, as well as 7 subway stations that are connected to the underground Path Network from Dundas subway station.
(Walkscore: 100/100, Transit Score: 100/100)
Metropolitan University (Ryerson University) is just across the street from the condo, and the University of Toronto, OCAD, and George Brown University are all within walking distance.
In addition, right next to the planned site for Panda Condo (recently announced in the media) and southwest corner of Yonge/Dundas (across from Dundas Square), BMO (Montreal Bank) Business Campus will be completed in 2021, the same year as the occupancy year of Panda Condo.
With more than 346,000 square feet and the ability to accommodate 3,500 professional staff, including new luxury stores, the purchase and rental demand for Panda Condo located right next to it will have a significant positive impact in the future.
Please check out the link below for news related to this BMO Business Campus.
https://www.thestar.com/business/2018/02/28/bmo-to-build-new-urban-campus-across-from-yonge-dundas-square.html
It will be the best choice for downtown living and investment.
For families who want to live in the high-end downtown area or invest in the downtown core, we highly recommend this investment opportunity. Don’t miss out on this great opportunity.
1. Location: Yonge St/ Dundas St (8 Elm St)
2. Developer: Reserve Properties and Capital Developments
3. Scale: 69 floors, 819 units
4. Sales details.
(Click!!) – 8 Elm – Broker Presentation
(Click!!) 8 Elm – Floor Plan (Studio – 2Bed)
(Click!!) 8 Elm – Floor Plan (3Bed)
5. Parking: $155,000 (available for purchase with a 3-bedroom or larger unit (767 SF 3-bedroom on 55th floor or higher), otherwise waitlist)
6. Locker: Waitlist
7. Occupancy date: May 31st, 2027
8-1. Deposit and interim payments (for residents, prior to move-in, 15%)
At the time of contract signing (within 10 days of contract signing): $10,000 (Bank Draft)
30 days after contract signing: 5% – (minus) $10,000 (deposit)
180 days after contract signing: 5%
1200 days after contract signing: 5%
At Occupancy: 5%
At registration: 80%
8-2. Deposit and interim payments (for non-Canadian residents, prior to move-in, 25%)
At the time of contract signing (within 10 days of contract signing): $10,000 (Bank Draft)
30 days after contract signing: 5% – (minus) $10,000 (deposit)
120 days after contract signing: 5%
360 days after contract signing: 5%
540 days after contract signing: 5%
640 days after contract signing: 2.5%
At move-in: 10%
At registration: 65%
9. Incentives
-15% interim payment
-Free 1 year Maintenance Fee
-Free assignment fee for developer
-Rent-free lease from move-in to registration
-Development Charge Cap: Studio $15,000, 1-bedroom $16,000, 2-bedroom $18,500, 3-bedroom $20,500
-Responsibility for issuing pre-approval documents for mortgage after contract signing.
10. BUILDING FEATURES & AMENITIES
• 69 storeys
• Approximately 819 units
• Suites will offer an array of sizes and layouts, all with the latest in designer
features and finishes, lighting and appliances, and many offering a balcony.
• Efficient and Functional units that vary from Studios to 3 Bedrooms with
protected South and East views.
• Grand amenity program of 26,000 SF with purposeful interior & exterior
spaces, including but not limited to:
– Fitness Amenities
– Infrared Sauna
– Indoor and Outdoor Social & Co-Working Lounges
– Sky Club with Outdoor Lounge
– Party Rooms
– Private Dining Rooms
– Games Room
– Kids & Pet Zon
