28 Eastern Condos
28 Eastern Condos is a new condo in Toronto developed by Alterra Developments currently in pre-construction at 28 Eastern Avenue, Toronto, ON.
| Address | 28 Eastern Avenue, Toronto | ||
| Developer | Alterra Developments | Occupancy | 2023 |
| Area | Corktown | Deposit | 15% Before Occupancy |
| Storeys | 12 | Maint. Fees | TBA |
| Units | 331 | Prices | TBA |
About 28 Eastern Condos
28 Eastern Condos is flanked by The Distillery District and Old Toronto. Located in the beautiful Corktown neighbourhood, the area is rich with heritage and architectural marvels. 28 Eastern Condos will seamlessly blend with the old and new of Corktown, standing 12 storeys high and creating 331 new homes.
28 Eastern Condos is still in the pre-construction phase and is expected to launch in 2020. If you are interested in learning more about the project, sign up to receive the floor plans and prices.
28 Eastern Condos Location
28 Eastern Condos is located in one of Toronto’s oldest neighbourhoods, Corktown. The neighbourhood is in the midst of a rebirth, as an influx of new business infuses its historic streets with fresh energy, new shops, and new opportunities.
Lifestyle and Entertainment
28 Eastern Condos is a great location for those who love the outdoors and recreation. There are several walking and biking trails within walking distance of 28 Eastern Condos, along the river and towards the lakeshore. For your four-legged friends, there is even a dog park located between Richmond, Adelaide and Power streets.
28 Eastern Condos is situated near King St. E where stretches of high-end boutiques mix in with restaurants and cafés, as well as the St. Lawrence Market and Leslieville to fulfill all your shopping and dining needs.
Transit
Living in 28 Eastern Condos gives easy access to the DVP and Gardiner. As for traveling throughout the city, Queen and King St meet at River St, so you have a choice of either the 501 or 504 streetcars, depending on where you want to go.
18 Eastern Avenue
Walker’s Paradise
Living, working and learning in the downtown east, with a walk score of 96, a transit score of 100 and a bike score of 100! Just wait for the updated scores after the new Corktown station is finished next door!
– Walk to the new Corktown station in 2 minutes! (current King streetcar stop – 1 min walk)
– Walk to George Brown in 9 minutes! (closer than their own residences)
– Walk to the Distillery in 3 minutes (but stay far enough away to relax with open greenspaces and a quiet, calm lifestyle without the tracks)
– Walk to the Canary District in 2 minutes
– Walk to Corktown commons 18 acre park in 6 minutes
– Walk to St. Lawrence Market in 11 minutes
– Walk to a dog park about 4 minutes away
– Walk to East Harbour in only 17 minutes! (with 50,000 jobs coming)
– Walk to the Path in 19 minutes
OR Drive / Bike / TTC anywhere in minutes!
This is THE location in downtown. Great rents, huge demand, and massive end-user demand!
Nearby 28 Eastern Condos
• Roselle Desserts
• Morning Glory Cafe
• Distillery District
• Urban Barn
• Scotiabank
• RBC
• Motorino Citta
• Rooster Coffee House
About the Developer
Understanding the complex relationship between people and place is the guiding force for Alterra. With over 40 years of success, Alterra’s foray into building the ultra-extraordinary progressed with 36Hazelton. Completed to impeccable standards, it’s unrivalled grandeur inspired the desire to advance. To push the accepted standard of luxury. To go above the curve and create Corktown Condos.
28 Eastern 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.
