1200 Bay Street Condos
About 1200 Bay Street Condos
1200 Bay Street Condos is a new preconstruction condo project by Kroonenberg Group and ProWinko coming to 1200 Bay Street in Downtown Toronto, ON.
It will stand 87 storeys tall and consist of 332 residential units in addition to retail and office spaces as well.
1200 Bay Street Condos Location
1200 Bay Street Condos will be located on the northwest corner of Bloor Street West and Bay Street in the Yorkville neighbourhood of Toronto, ON.
1200 Bay Street Condos is a haven for A-list celebrities, professional athletes and city’s most influential people, 1200 Bay Street Condos allows one to bask in the absolute finest shopping, dining, entertainment and more in Canada’s most coveted neighbourhood.
THE COUNTRY’S MOST EXCLUSIVE SHOPPING
At 1200 Bay Street Condos, you are merely steps away from the finest retail experiences in the country. Some of the most important brands in the world are nearby, including:
- Holt Renfrew
- Tiffany & Co.
- Louis Vuitton
- Prada; and more
TORONTO’S BEST CONNECTION
1200 Bay Street Condos sits at the intersection of Bay Street and Bloor St, just steps to:
- TTC St George Subway Station (Line 1 and 2), taking you north, south, east and west with the city’s two most transit lines under one roof
- TTC Bay Street Subway Station (Line 2)
- TTC Yonge and Bloor Subway Station (Line 1 and 2)
A HUB OF HIGHER LEARNING
- Steps to Toronto’s most prestigious university, the University of Toronto, home over one hundred thousand full time students, faculty and staff,
- Quick subway ride to Ryerson University, (home to over 40,000 full time students, faculty and staff)
- A few subway stops north of OCAD University, the largest and most comprehensive art, design and media university in Canada
THE FINEST DINING
Some of Toronto’s best restaurants, bars, cafes and more are a just steps from 1200 Bay Street Condos, including:
- Buca Osteria & Bar
- Cafe Boulud
- Kasa Moto
- Holt’s Cafe
- Sofia Restaurant and Bar
- Bar Reyna
- Alobar Yorkville
- Trattoria Nervosa
- Brothers Food and Wine
- The Oxley Public Hous
- Cibo Wine Bar Yorkville; and the list goes on and on!
About the Developer
Kroonenberg Groep provides housing for retail space, workspace, and residential space. We realise creative and sustainable tailor-made solutions that are completely in line with the needs of the market. We are continually optimising our own portfolio of properties.
Our organisation is compact and has all the necessary in-house expertise and experience. This allows us to focus effectively but flexibly on our core activities: property management and project development. We ensure further growth via the purchase of individual properties and the acquisition of existing portfolios as well as land positions. In doing so, we aim to realise an optimum return.
ProWinko’s roots lie in the Netherlands, where the company has been active since 1990. The globalisation of our activities has given us access to high quality real estate, which forms a sound foundation for our growth ambitions. The portfolio consists almost exclusively of high quality real estate at top locations in major city centres, but also offices and residential units.
We are currently active in six countries, where we are realising our ambitions by investing with a long-term vision; establishing and cultivating relations with partners and tenants for the long term; and building sustainable units that meet the wishes of tenants and the consumer.
Our tenants, all high end retailers, prove that our passion for creating attractive locations is appreciated.
1200 Bay 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:
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.