1140 Yonge Street Condos
1140 Yonge Condos is a new condo in Toronto developed by Devron and Constantine Enterprises Inc., currently in pre construction at 1140 Yonge Street, Toronto, ON.
| Address | 1140 Yonge Street, Toronto | ||
| Developer | Devron and Constantine Enterprises Inc. | Occupancy | TBA |
| Area | Summerhill | Deposit | TBA |
| Storeys | 13 | Maint. Fees | TBA |
| Units | 66 | Prices | TBA |
About 1140 Yonge Street Condos
Welcome to 1140 Yonge, our proposal for a new residence where Rosedale and Summerhill meet.
A building befitting 1140 Yonge’s Legacy.
We are committed to realizing a landmark that the Community and Torontonians alike will take pride in for generations to come. With thoughtful architectural design celebrating the building’s rich heritage, an ambition to create the most sustainable building in the city, and our promise to deliver exceptional homes with true character, we will breathe new life and excitement into this unique neighbourhood along Yonge.
1140 Yonge Street Condos Location
1140 Yonge Street Condos will be located between Rosedale and Summerhill TTC Subway Stations at the corner of Yonge Street and Marlborough Avenue in Toronto, ON.
Walking distance to:
- Terroni
- Harvest Wagon
- LCBO
- Rosedale TTC Subway Station
- Summerhill TTC Subway Station
- Restaurants, Bars, Cafes
- Boutique Shopping
- Yorkville
- Ramsden Park
Our goal is to create a landmark building that restores and celebrates the extraordinary heritage of the site for our neighbours and for Toronto as whole, for many generations to come.
Our vision is for 1140 Yonge to serve as a ‘front porch’ for the Summerhill and Rosedale communities. A restaurant at ground-level with high, arched windows and patio space on Marlborough will create a seamless transition from Yonge Street to the neighbourhood. By opening the site back up to the street, our building will reanimate the streetscape and provide a more vibrant pedestrian experience.
1140 Yonge Street
Very Walkable
About the Developer
Devron
We are guided by a sense of responsibility to create homes that enhance the lives of residents, and buildings that contribute to the communities within which we develop, in a long-lasting and meaningful way. We strive to deliver homes that will be appreciated beyond the current generation as more than a building, but rather a residence built on a foundation of thoughtful design and pride in quality. Every residence is designed and built to stand the test of time, to become a catalyst for positive change.
Devron’s story began over 20 years ago with its low-rise division, Ron Custom Homes. Now one of Toronto’s premier luxury custom home builders, RCH has designed and built over 100 homes in some of Toronto’s most prestigious neighbourhoods, including The Bridal Path, Hogg’s Hollow, and Bayview & York Mills. Ron Custom Home’s tradition of meticulous attention to detail and customer satisfaction remain central to Devron’s philosophy today.
1140 Yonge Street 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.
