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55 Port Condos

55 Port Condos

55 Port Condos is a new condo in Mississauga developed by FRAM + Slokker currently in pre-construction at 55 Port St E, Mississauga, ON.

Address 55 Port Street E, Mississauga
Developer FRAM + Slokker Occupancy TBA
Area Mississauga Deposit TBA
Storeys 9 Maint. Fees TBA
Units 31 Prices TBA

About 55 Port Condos

EXCLUSIVE RESIDENCES ON THE LAKE

A condominium rises in the picturesque neighbourhood of Port Credit, steeped in luxury and soaked with exclusivity. The nine-storey building features a limited 31 residences replete with designer features and finishes.

Nestled right by Lake Ontario, the condominium inherits sparkling views of the waterfront and guides a flood of natural light in through its glass façade. We are proud to present the most prestigious address in Port Credit: 55 Port Condos.

55Port Location Render True Condos

55 Port Condos Location

A vibrant neighbourhood like no other, Port Credit is at the same time a tight-knit community and an urban centre that hosts festivals, events and shows throughout the year—and 55 Port is at the heart of it all.

CONNECTIVITY

  • Walking distance to Port Credit Mobility Hub and GO station, with nearly 50 daily trips to Toronto Union Station (in as little as 25 minutes) with access to the rest of the GTA
  • Walking distance to future Hurontario LRT, an 18-kilometre dedicated lane rapid transit rail line connecting you to Milton and Lakeshore West GO lines, along with local transit links like MiWay, Brampton Transit, Züm, and Mississauga Transitway at Square One.
  • For drivers, quick access to highway 427, the Gardiner Expressway, and The Queensway
  • Over 200 km of scenic walkways and natural trails give Port Credit an evergreen beauty that is highlighted by a plethora of parks

 RESTAURANTS AND CAFES

At the centre of it all, there are plenty of options for restaurants and cafes minutes from your doorstep at 55 Port condos. Some of the many restaurants and cafes include:

  • Starbucks
  • Colossus Greek Taverna
  • The Burger’s Priest
  • The Port House Social Bar & Kitchen
  • Raw Aura Organic Cuisine
  • Burrito Boyz
  • Door FiftyFive
  • Brogue Irish Pub
  • Pump House Grille
  • Snug Harbour
  • And more!

SHOPPING

At 55 Port Condos, everything at your fingertips. Here’s just a small sample of what you’ll find just minutes away:

  • Loblaw’s
  • Square One Shopping Centre (Canada’s largest mall at 2.2 million square feet)
  • Shoppers Drug Mart
  • CF Sherway Gardens (Holt Renfrew, Saks Fifth Ave, Apple, Sporting Life, Harry Rosen, Michael Kors and more!)
  • Costco Wholesale
  • IKEA Etobicoke
  • LCBO
  • PetSmart
  • Your favourite Big Box stores such as Walmart, Winners, HomeSense, Best Buy, The Home Depot, EB games, Canadian Tire and more)

55 Port Street East

Very Walkable

More information on Walk Score

LIFESTYLE AND RECREATION

With stunning lakefront views at your doorstep, at 55 Port condos life is incomparable. Over 200 km of scenic walkways and natural trails give Port Credit an evergreen beauty that is highlighted by a plethora of parks. You are just minutes to some of the finest lifestyle and recreation amenities that Mississauga has to offer:

  • Waterfront Trail, seconds from your door!
  • St Lawrence Park (lakefront spot for walks and scenic views)
  • Port Credit Memorial Park (waterfront park for activities and events)
  • Port Credit Arena
  • JC Saddington Park
  • Mississauga Golf and Country Club
  • Lakefront Promenade Park
  • Port Credit Yacht Club

About the Developer

FRAM

FRAM is a company known for building strong, award winning communities. We build and design premier residential and mixed-use communities across Canada and the United States.

Along with its group of highly motivated management and construction professionals, FRAM has successfully built over 11,000 residences from custom homes to exceptional single family, multi-family, condominium and rental homes, in addition to mixed-used developments and commercial properties. For its leadership in master-planning, architecture and interior design, FRAM has received numerous awards as it consistently earns the respect of its peers and professionals in the industry.

With an extended after-sales customer service program to ensure owner’s expectations are met, FRAM attributes 40% of its new homes to repeat buyers or referrals. FRAM’s attention to detail in construction, utilizing modern quality control and innovate techniques while maintaining old-world craftsmanship standards has been its strength. FRAM Building Group is proud of being a traditional home builder with the flexibility to undertake atypical, one-of-a-kind, award-winning communities.

Slokker

Celebrating over 75 years of successful sustained growth, marked by innovation, foresight, integrity and aggressive performance designed to meet or exceed our commitments to our customers, clients and partners we work with. All of our long-term strategies and short-term actions will continue to be dictated by the core values that reflect this multigenerational family company.

The Slokker Group is characterized by an impressive track record of building homes, the development, construction and management of retail, office, industrial and warehouse space and the creation of successful offices and partnerships in the United States and Canada for more than 30 years. A solid financial foundation allows Slokker to consider any real estate project, regardless of size or financial structure. Slokker constantly strives to maximize the financial and social outcome for all parties involved in a project, while simultaneously delivering sustainable innovative contributions to high-quality and enjoyable living and working environments.

In a world of rapid and sometimes volatile change, we will continue to acquire and develop quality properties in selected targeted markets based on realistic values and carefully analyzed results, both for our own investments, as well as for our partners.

FRAM + SLOKKER Developer Logo True Condos

55 Port 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

  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

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:

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

 

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.

(416) 371-2333

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