540 King West Condos
540 King West Condos is a new pre-construction condo development by Great Gulf, located at 540 King Street West, Toronto, ON.
|Address||540 King Street West, Toronto|
About 540 King West Condos
In the heart of the Fashion District comes a new condo in King West, by Great Gulf. Connected in every sense you can imagine, 540 King West is for those who love to work hard, play hard and come home to an exclusive enclave, a boutique condo of only 80 units. Lifestyle unparalleled. This is 540 King West Condos.
540 King West Condos Location
540 King West Condos is right in the heart of King West, Toronto’s epicentre for amazing restaurants, nightlife, and entertainment. This is Toronto’s most sought after location, with everything you need a walking distance. 123 Portland is a part of one of Toronto’s most unique places to live. Already a highly sought after destination neighbourhood which is steps away from art and culture including the TIFF Lightbox and Graffiti Alley, this buzzing entertainment district has character that you’ll want to be a part of.
LIFESTYLE AND RECREATION
You cannot mention King West without mentioning the word lifestyle, for it is here where the city’s best dining, nightlife, entertainment and recreation coincide to create a truly special neighbourhood, buzzing with excitement. Here’s just a small sampling of what nearby 540 King West Condos:
- Top restaurants such as Buca, Patria, Labora, Gusto 101, Bar Buca, Lee, LOV, Jacobs & Co, Campechano, WVRST, Baro, Pizzeria Libretto and more!
- Cute cafes specialty shops such as Forno Cultura, Jimmy’s Coffee, Quantum Coffee, SOMA Chocolatemaker
- One of only two SoulCyle locations in Toronto, as well as many other top fitness studios such as Elle Fitness and Social, Totum Life Science, Barre3 and more
- Some of the top hotel boutique hotel brands in the world will be opening nearby, including Toronto’s first Ace Hotel, The Hudson Hotel and 1Hotels properties
TRANSIT AT YOUR DOOR
Even though 540 King West is as walkable a location you’ll find in Toronto, there is the added benefit of having transit options right at your door, including:
- 504 King Streetcar with dedicated priority, meaning you can zip east and west, into the financial core, Liberty Village and King East in a breeze!
- Walkable to the 501 Queen Streetcar, another east-west route
- Bookended by two north-south streetcar lines, the 510 Spadina and the 511 Bathurst Streetcars, connecting you to Line 1 and 2 on the subway
- Future Ontario line underground rapid transit is slated to have a stop nearby 540 King West Condos
TORONTO’S TECH HUB
King West is not only a hub for dining and nightlife, but also a hub for Toronto’s incredibly robust tech scene, with thousands of jobs nearby. Many new offices are under construction nearby, which will attract many more quality jobs to the area. Some of the biggest names in tech are already close by, including:
- Twitter and more!
About the Developer
About Great Gulf
Great Gulf is an award winning builder and developer of new homes and condos in Toronto, Milton, Sharon Village, Bradford, Oakville, Whitby and Brampton. For 40 years, this guiding principle has embodied the spirit of innovation within each of our 40,000 homes. It’s why every Great Gulf house or condominium is built upon three core values. Design. Technology. Experience. These values have given our homes a higher resale value, better rental value, numerous awards and accolades, and best of all, 90% of our customers would recommend us.
Make yourself at home. Wherever you want to live – and however you want to live – Great Gulf has a community designed to meet both your wants, and your needs. Great Gulf is committed to reducing its environmental impact while creating healthier, more sustainable homes and workplaces so that together our customers, employees and community can Live Greatly.
With numerous high-rise residential developments across North America and many more on the horizon, Great Gulf is making innovative decisions to achieve our sustainable mission.For over 40 years, we’ve built our reputation by continually seeking to marry design innovation, construction technology and craftsmanship in new and exciting ways. We are proud recipients of numerous awards that further demonstrate our mission of reducing our environmental impact while creating healthier, more sustainable homes and workplaces so that together our customers, employees and community can Live Greatly.
Other condos by Great Gulf:
540 King West 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.