The #1 synonym for high-quality construction in modern architecture, “Menkes”!!
Menkes has provided a radical incentive for its first masterpiece in 2022, “Elektra”, which is now available for pre-sale.
** Radical Incentive (1): 2-year rent guarantee from the start of occupancy (rent payment from the month of occupancy, regardless of whether or not rent is collected)
Annual rent cost: 5% guarantee of the purchase price:
For example, for the smallest model, Times 435, the monthly guaranteed rent is $2,983 ($715,990 * 5% = $35,799.5 (annual rent) * 1/12 = $2,983/month).
For example, for the 1+den, 2 bath model, Piccadilly 629, the monthly guaranteed rent is $4,012 ($962,990 * 5% = $48,149.5 (annual rent) * 1/12 = $4,012/month).
For example, for the smallest 2-bedroom model, Shibuya 641, the monthly guaranteed rent is $3,837 ($920,990 * 5% = $46,049.5 (annual rent) * 1/12 = $3,837/month).
** Radical Incentive (2): If you don’t choose the 2-year rent guarantee incentive, you will receive an additional 1% discount on the purchase price.
** Radical Incentive (3)
15% down payment
Development levy cap: $13,000 + HST for 1+den or smaller units, $18,000 + HST for 2-bedroom or larger units
Free installation of vertical blinds
1 free Assignment
Rent allowed from occupancy to registration
Bulk high-speed internet: $25 + HST
Hydro meter connection charge: $2,500 + HST
∨Expected occupancy in 2018 – This is an excellent choice for investment purposes in downtown condos for lease or other purposes.
***4 Different Transit Modes
1) TTC Line 1 Dundas subway station – 8-minute walk
2) Ontario Line Future Station – 6-minute walk
3) TTC Bus on Sherbourne – 2-minute walk
4) 505 Dundas Streetcar – 0-minute walk
- 8 minutes’ walk to Dundas subway station – underground Path Network – connected to 7 subway stations on foot.
- Eaton Center, Dundas Square are both within an 8-minute walk.
- Right adjacent to downtown Core!!
- Very easy walking commute to Metropolitan University (Ryerson University) nearby.
- Walking commute to the south to George Brown College.
- Distillery District is within walking distance.
- Within a 20-minute walk, it is a convenient location where you can access the two largest hospitals, department stores, shopping, universities, parks, and finance, culture, and art in downtown.
∨Expected occupancy in 2018 – it will be an excellent choice for investment purposes, such as leasing, downtown condos.
1.Location: Dundas / Jarvis ( 218 Dundas St )
2.Developer: Menkes
3.Scale: 48 floors
4.Details :
∨ If you click the link below, you can see the detailed floor plan.
** Special Incentive (1): 2-Year Rent Guarantee from the Start of Occupancy (Monthly rent will be paid from the start of the occupancy month regardless of whether there is rent or not)
1-year rent cost: 5% of the purchase price guarantee:
For example, for the smallest 1-bedroom model, Times 435, the monthly guaranteed rent is $2,983 ($715,990 * 5% = $35,799.5 (1-year rent) * 1/12 = $2,983/month).
For example, for the 1+den, 2-bathroom model, Piccadilly 629, the monthly guaranteed rent is $4,012 ($962,990 * 5% = $48,149.5 (1-year rent) * 1/12 = $4,012/month).
For example, for the smallest 2-bedroom model, Shibuya 641, the monthly guaranteed rent is $3,837 ($920,990 * 5% = $46,049.5 (1-year rent) * 1/12 = $3,837/month).
** Special Incentive (2): Additional 1% Discount on Purchase Price if not Choosing the 2-Year Rent Guarantee Incentive.
** Special Incentive (3):
15% down payment
Development charges: $13,000+HST for 1+den or smaller, $18,000+HST for 2-bedroom or larger
Free blind installation
1 free Assignment
Rent allowed from occupancy to registration
Bulk High-Speed Internet: $25+HST
Hydro Meter Connection Charge: $2,500+HST
Responsibility for issuing mortgage pre-approval documents to be submitted at the time of the contract.
5.Parking: $120,000 (available for 3-bedroom or larger units, waitlist for other units, EV Parking: $137,000)
6.Locker: Waitlist
7.Occupancy expected in the fall of 2027
8-1. Contract deposit and interim payment (Resident – 15% before occupancy)
At the time of the contract: $10,000 (Bank Draft)
30 days after the contract: 5% – Contract deposit ($10,000)
90 days after the contract: 2.5%
180 days after the contract: 2.5%
540 days after the contract: 2.5%
900 days after the contract: 2.5%
At occupancy: 5%
At registration: 80%
8-2. Contract deposit and interim payment (Foreigner – 35% before occupancy)
At the time of the contract: $10,000 (Bank Draft)
30 days after the contract: 10% – Contract deposit ($10,000)
90 days after the contract: 2.5%
180 days after the contract: 2.5%
370 days after the contract: 5%
540 days after the contract: 5%
740 days after the contract: 5%
900 days after the contract: 5%
At occupancy: 0
At registration: 65%
