411 Victoria Park Condos
411 Victoria Park Condos is a new pre construction townhouse and condo project by Diamond Kilmer Developments and Diamondcorp, located at 411 Victoria Park Ave, Toronto, ON
|Address||411 Victoria Park Avenue, Toronto|
|Developer||Diamond Kilmer Developments||Occupancy||TBA|
About 411 Victoria Park Condos
Introducing 411 Victoria Park Condos, coming to East Toronto’s quaint Birch Cliff neighbourhood, where you will have access to the best the area has to offer – steps from TTC Transit, minutes from Victoria Park TTC Subway Station, shopping, entertainment, major highways, parks and shoreline of Lake Ontario!
411 Victoria Park Condos Location
TRANSIT AT YOUR DOORSTEP
411 Victoria Condos is walkable to a number of transit stations, streetcar and bus routes, including
- Victoria Park TTC subway station (Line 2)
- Bingham Loop, for the 502 Downtowner and 503 Kingston Streetcar
- TTC 24 Victoria Park Bus, which will connect to upcoming TTC Line 5
- Main TTC subway station (Line 2) Danforth GO, which is quickly becoming a transit hub in the city, connecting you to two GO transit lines (making trips downtown a breeze) as well as TTC subway and streetcar access
PLENTY OF PARKS
Residents of 411 Victoria Park Condos have the benefit of being surrounded by parks, perfect for sunbathing, picnics, relaxing with friends and family and more including:
- Warden Woods Off-Leash Dog Park
- Dentonia Park
- Taylor Creek Park
- Oakridge Park
- Blantyre Park and more!
TOP NOTCH RETAIL
Within minutes, a number of top brands in retail are accessible by foot for those living at 411 Victoria Park Condos. No need to get in your car to shop at the following stores:
- Bulk Barn
- Lowe’s Home Improvement
- EB Games
- Shoppers Drug Mart
- Dollarama and many more!
411 Victoria Park Condos sits in an excellent school district, with access to several top ranked schools, such as:
- Blantyre Public School
- Malvern Collegiate Institute
- Adam Beck Jr Public School
- Notre Dame High School
- Courcelette Public School
- Neil McNeil High School
About the Developer
About Diamond Kilmer Developments
The power of friendship is not often discussed in the world of business. Yet at Diamond Kilmer Developments, friendship laid the foundation.
Many years ago, Eph Diamond, O.C. (co-founder of Cadillac Fairview) met Larry Tanenbaum, O.C. (Chairman of Kilmer Group and Maple Leaf Sports and Entertainment). As the two got to know one another, Larry and Eph found they had much in common as exceptional builders and promoters of Toronto. They also shared a belief that integrity, quality and innovation lead to success.
Today, the legacy of friendship, shared values and success continues with their sons, Ken Tanenbaum (Vice-Chairman of Kilmer Group) and Stephen Diamond (CEO of DiamondCorp and Chair of WaterfrontToronto), who recently entered into a formal partnership with the creation of Diamond Kilmer Developments.
Committed to addressing the challenges facing today’s urban homebuyers, Steve and Ken are pursuing a development strategy that delivers family-friendly ground-related and midrise housing in growing, transit-oriented neighbourhoods at competitive prices.
411 Victoria Park 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.