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2500 Yonge Condos

Address 2500 Yonge Street
Developer Madison Group Occupancy 2023
Area Yonge and Eglinton Deposit TBA
Storeys 14 Maint. Fees TBA
Units 172 Prices TBA
2500 Yonge Street Condos True Condos

2500 Yonge Condos is a new condo at Yonge and Eglinton by Madison Group coming to 2500 Yonge Street in Toronto, ON.

About 2500 Yonge Street Condos

2500 Yonge Street Condos is a new pre-construction condo development by Madison Homes coming to 2500 Yonge Street at Yonge and Eglinton in Midtown Toronto.

2500 Yonge Street Condos is a unique development designed by Turner Fleischer Architects. The building was initially proposed to be 21 storeys tall and consist of 377 units, but 2500 Yonge Street Condos has recently been re-designed to stand 14 storeys and consist of 172 units.

2500 Yonge Street Condos Location

2500 Yonge Condos will be located at 2500 Yonge Street, just north of Castlefield Avenue, across from Keewatin Avenue in Midtown Toronto.

2500 Yonge Street Condos is right in the centre of one of the best neighbourhoods in Toronto, you are steps away from restaurants, grocery stores, boutique shopping, and so much more. Yonge and Eglinton is the vibrant and energized centre of Midtown and has experienced extreme growth in the past few years.

Residents are less than a 10 minute walk to the upcoming Crosstown Eglinton LRT and Eglinton TTC Subway Station.

2500 Yonge Street

Walker’s Paradise

Explore Yonge-Eglinton on Walk Score

Nearby 2500 Yonge Street Condos

• Cibo Wine Bar
• Good Bite
• Sporting Life
• Capitol Event Theatre
• Lululemon
• Sport Chek
• Eglinton Station

About the Developer

Madison Group

A leading real estate development company based in Toronto and New York City. Madison’s extensive portfolio includes mixed-use high-rise projects, low-rise master planned communities, office, retail, prestige industrial, rental, and retirement properties throughout Toronto and New York.

Madison Group Official Developer Logo True Condos

2500 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.

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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.

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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/

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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

  1. You get the highest level of access in the building
  2. You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
  3. The best possible incentives
  4. 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.
  5. Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
  6. My services to you as a buyer are free

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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

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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.

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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.

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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.

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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:

https://truecondos.com/5-things-to-know-about-closing-costs-when-investing-in-a-pre-construction-condo/

 

Contact me for more details

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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.

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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.

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(416) 371-2333

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