1 Eglinton Square Condos
1 Eglinton Square Condos
1 Eglinton Square Condos is a redevelopment project set to occur where the existing Eglinton Square Shopping Center lives. The plan is to keep the original mall in its entirety while revitalizing the surrounding area.
Divided into five blocks (Blocks A to E), the proposal provides a range of building typologies, with five mixed-use towers proposed, two mid-rise buildings, and a collection of townhouses totaling 1,717 residential units. The redevelopment will also bring about public realm improvements befitting a dense neighbourhood adjacent to rapid transit.
Condos – Block A
Block A of the new 1 Eglinton Square condo and townhouse development will feature a 38 and 40-storey residential unit sitting atop a 6-storey podium that will be dedicated to retail space. The podium will also act as a new entrance to the existing Eglinton Square Shopping Center.
Condos – Block B
Block B of the Eglinton Square development is set to be on the corner of Pharmacy Avenue and Alvinston Road. It will feature a 25-storey condo connected to a 6-storey podium for retail use facing Pharmacy Ave. and townhomes facing Alvinston Rd.
Condos – Block C
Block C of the redevelopment of 1 Eglinton Square is facing Victoria Park Avenue, on the west end of the project site. It will be comprised of a 25 and 30-storey condo atop of a 4 and 6-storey podium respectively. A unique feature of these two buildings is the bridge that will be connecting the two over top a private road that will travel through the new development. Following suit of the other blocks, the 4 and 6-storey podiums will be leased for retail use.
1 Eglinton Square Condos Details
|Address||1 Eglinton Square (Victoria Park & Eglinton)|
|Number of Storeys||4, 8, 25, 30, 38, and 40 storey|
|Number of Units||1717|
Midrise Towers – Block D
Block D of 1 Eglinton Square Condos will be located on the south side of the redevelopment facing Engelhart Crescent. It is proposed that here there will two 8-storey midrise towers that are strictly residential. The two towers will be connected by a 2-storey linking building.
Townhomes – Block E
Finally, Block E is the last of 5 pieces to the puzzle that make up the redevelopment of 1 Eglinton Square. Set to be located on the south side of Engelhart Cres., Block E will feature 4-storey townhomes organized in a block-arrangement with common underground parking.
1 Eglinton Square Condos Location
1 Eglinton Square Condos is a pre-construction condo and townhouse project located at 1 Eglinton Square in Toronto, ON. Nearby major intersections include Eglinton Ave. and Victoria Park Ave, as well as O’Connor Dr. and Victoria Park Ave.
1 Eglinton Square Condos is very walkable with a majority of errands able to be accomplished on foot. Local big-box retailers such as Best Buy, Wal-Mart, and Staples are within a short walking distance for any leisure and business-related purchasing. Located in the Clairlea-Birchmount neighborhood in Toronto, nearby parks include Warner Park, Edge Park, and Wexford Park Scarborough.
1 Eglinton Square is set to be developed in what is referred to as the “Golden Mile” area. This area is expected to experience strong growth in residential units and new jobs with the expansion of the new Eglinton Crosstown LRT. Two stations are planned to be positioned at the North side of the new development, providing easy access to world-class transit.
About the Developer
KingSett Capital has a robust development program executing mixed-use residential, retail, commercial and industrial development projects in major urban centres across Canada. They are actively engaged in all aspects of the development cycle including site consolidation, design development, entitlement, and construction focused on creating best in class, sustainable developments.
KingSett embraces a vision that focuses on making decisions with a positive future impact and executing sustainable operational strategies to improve their tenants’ long-term needs and performance.
1 Eglinton Square Condos Frequently Asked Questions
How do I reserve a unit in this project?
After you review the floor plans and prices, if you know what suites you are interested in, you may reserve a suite online using our online reservation worksheet form at https://truecondos.com/worksheet.
Does filling out the worksheet form mean I’m committing to buy a suite?
No it is not a formal commitment, it is an expression of interest and the first step you must take if you are thinking about getting a unit in this project.
What does it mean that Andrew la Fleur is a “Platinum Agent”?
Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.
Andrew la Fleur has been a top-selling pre-construction agent since 2007, and during this time he has achieved platinum status with many of the top builders and sales companies in the Greater Toronto Area.
For more information on about Platinum agents see this article: https://truecondos.com/5-things-to-know-about-buying-a-condo-with-a-platinum-vip-realtor-real-estate-agent/
How does it benefit me as a buyer to work with Andrew la Fleur as my Platinum Agent?
Working with me as your Platinum agent gives you several benefits
- You get the highest level of access in the building
- You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
- The best possible incentives
- I do not represent the builder. I represent you. You benefit from my expertise of being a top selling pre-construction agent and investor myself since 2007.
- Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
- My services to you as a buyer are free
Do I get a cooling off period? What is it for?
Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling off period. It’s 10 calendar days, not business days from the time you sign.
The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter
Do I need to have a lawyer?
You don’t need to have a lawyer at the moment that you sign the agreement, however I always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling off period.
Not sure who to talk to? Don’t worry – getting a lawyer is something I can help you with. Contact me for more details.
Do I need to have a mortgage pre-approval to buy?
95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of signing.
Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that I can help you with. Contact me for more details.
Do the prices include HST?
If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.
If you are purchasing as an investment rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.
This money is remitted to the CRA and as an investor renting out your property you can apply to the CRA immediately to get this money back. It usually takes about 1 month to get your rebate back.
For more information on the HST, see here:
Contact me for more details.
What are my closing costs on a pre-construction condo?
Closing costs on a pre-construction condo will vary greatly depending on the actual purchase price of the unit you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit that you are buying.
Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.
Check out this article for more info on closing costs:
Contact me for more details
Are there any ‘hidden’ costs when buying a pre-construction condo?
No, there are no hidden fees when buying pre-construction condos because all fees must be disclosed in the agreement of purchase and sale. All purchasers have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.
Is it possible to assign my condo? How much is the assignment fee?
Most condo builders do allow you to sell your unit before the building is complete. This projcess is called selling by “assignment”.
There is usually an assignment fee and a legal fee associated with selling. Costs can range from $1000-7000. Contact me for more details.