100 Simcoe Condos
100 Simcoe Condos is a new pre-construction condo project at Simcoe and Adelaide Street West, in Downtown Toronto, ON.
| Address | 100 Simcoe St., Toronto | ||
| Developer | TBA | Occupancy | TBA |
| Area | Downtown, Entertainment District | Deposit | TBA |
| Storeys | 59 | Maint. Fees | TBA |
| Units | 524 | Prices | TBA |
About 100 Simcoe Condos
Located in the heart of the world-class theatre district, 100 Simcoe Condos is just moments from elegant dining, convenient shopping, and Canada’s best live theatre.
100 Simcoe Condos Location
The convergence of Toronto’s technology, financial and entertainment districts begins at 100 Simcoe Condos. It is here where you are steps to Toronto’s iconic King West. Minutes to the exponentially growing start-up market, 100 Simcoe Condos will be the ideal location of where Toronto’s tastemakers, influencers and most important citizens live, work and play. Transit and PATH connections are steps away, as are the conveniences that only a downtown location of this building’s calibre can offer. 100 Simcoe Condos is in the centre of everything the city has to offer.
JOBS, JOBS, JOBS!
100 Simcoe Condos is walkable to some of the biggest names in technology, finance, law, insurance and consulting in the world, including:
- The Big 5 Banks: TD, Royal, BMO, CIBC and Scotia Bank headquarters are all walking distance from 14 Duncan Condos
- The biggest names in consulting, such as Ernest & Young, Deloitte, PwC and KPMG
- The Discovery District, home to the finest teaching and research hospitals in the city, such as Toronto General, SickKids, Princess Margaret and Mount Sinai Hospital
- Tech giants such as: Google, IBM, Amazon, Oracle, Apple and more!
- The biggest law firms in the country, as well as the Law Society of Ontario at nearby Osgoode Hall
EXCEPTIONAL SHOPPING EXPERIENCES
- Quick access to Toronto’s famed PATH network, the world’s largest underground shopping complex, with over 371,600 square meters of retail space – shops, restaurants & services
- Steps to Toronto’s most visited attraction, the Eaton Centre with every store you could possibly imagine, under one roof!
CONVENIENT TRANSIT CONNECTIONS
At 100 Simcoe Condos, you have access to a number of rapid transit options including:
- Walking distance to both the 504 King and 501 Queen Streetcars, the two most vital streetcar routes in the city, connecting you to any neighbourhood in the city
- Walking Distance to St Andrew Subway (Line 1), as well as Union Station allowing you to go from downtown to anywhere in the GTA with GO and UP Express connections
- Future Ontario Line rapid transit will be walking distance to 100 Simcoe Condos
100 Simcoe Street
Walker’s Paradise
100 Simcoe Condos FAQs
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:
https://truecondos.com/tag/hst-rebates/
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.
