55 Eglinton Ave East Condos
About 55 Eglinton Ave East Condos
55 Eglinton Ave East Condos is set to rise in the vibrant Yonge and Eglinton neighbourhood. This condominium is conveniently located steps away from public transit including the Yonge subway line and future crosstown LRT.
With endless choices of shopping, dinning, art, theatre, schools and parks this area is highly desirable. 55 Eglinton Avenue East Condos will bring the next generation of luxurious and well-appointed condominium residences and retail shopping to one of Toronto’s fastest growing and most dynamic neighborhoods.
55 Eglinton Ave East Condos Location
Located at the centre of Midtown, the true heart of Toronto, 55 Eglinton Ave East Condos is situated between Downtown and North York. The area is booming, yet still maintains more of a sense of community, while also giving you all the amenities of the core – abundant green space, proximity to top-rated schools, Toronto’s next big transit hub, and quick access to downtown Toronto, look no further than 55 Eglinton Ave East Condos, where the city comes together!
TOP RANKED SCHOOLS
Midtown Toronto is consistently rated as being home to Toronto’s most sought after schools. Residents of 55 Eglinton Ave East Condos will be in close proximity to top ranked schools such as:
- Blythwood Public School
- North Toronto Collegiate Institute
- Northern Secondary School
- St Clement’s School and more!
ONE STOP SHOPPING AND DINING
55 Eglinton Ave East Condos is near some of the best shopping and restaurants in the city, with many favourites restaurants nearby, as well as popular brands at Yonge-Eglinton Centre:
- Cibo Wine Bar
- Five Doors North
- The Keg
- Bar Buca
- Little Sister
- Khau Gully
- Byblos Uptown
- M Boutique
- De Mello Palheta
- La Carnita
- Starbucks and so many more!
TRANSIT AT YOUR DOOR
55 Eglinton Ave East Condos has a number of amazing transit connections, making getting around a breeze:
- New Crosstown LRT (Line 5) provides and underground rapid east-west transit connection, located at Yonge and Eglinton (the city’s newest transit hub)
- TTC Line 1 (Yonge-University-Spadina Line), the city’s most crucial subway line, connecting residents of 55 Eglinton Ave East to Yonge and Bloor, the financial district, North York, University of Toronto, Ryerson University and more
- Plenty of local bus routes as well as Bike Share stations abound, this neighbourhood truly is a paradise for walking, cycling and using transit
About the Developer
About State Building Group
State Building Group has a history of outstanding real estate developments throughout the Greater Toronto Area. With a history spanning over fifty years, its success and growth can be attributed to anticipating trends, identifying premium locations, incorporating excellent designs and having the foresight and ability to pursue major real estate opportunities.
As a widely diversified real estate company based in Toronto, State Building Group has developed a full range of outstanding luxury condominiums and a number of prestigious single family master planned communities. The company also builds and manages a portfolio of premium commercial and industrial buildings, shopping centres and high-rise residential properties. Recent achievements include the Heritage Toronto Award of Excellence for the restoration of the historic John Street Roundhouse.
55 Eglinton Ave East 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.