55C Condos is a new pre-construction condo project by MOD Developments coming to 55 Charles Street East in Downtown Toronto, ON.
About 55C Condos
Striking architecture- 55C Condos is a 48 story notable project by the world-renowned architectsAlliance. Dramatic pinstriped vertical façade. Clad in stone, glass and stainless steel. Interiors by the internationally-acclaimed Cecconi Simone. Chic and luxurious. Features natural woods, subtle swatches of gold, sand, and stone.
In the heart of Bloor Yorkville. Toronto’s most fashionable neighbourhood, 55C Condos is modern, distinct, and alluring. A symbiotic collage of design and luxury. Style and sophistication. Every detail of this development defines what’s best about big city living. Thoughtfully designed suites. Fabulous amenities. Divine features. Sublime finishes. Bespoke quality.
55C Condos Details
|Address||55 Charles Street East, Toronto|
|Number of Storeys||48|
|Number of Units||548|
|Occupancy Date||Fall 2023|
|Maintenance Fees||$0.67/Sq.ft per Month|
|Priced From||$722,900 to over $1,420,900|
55C Condos Location
55C Condos will be located at 55 Charles Street East between Yonge Street and Church Street in Toronto, ON at the crossroads of two major subway lines. 2 minutes to Yonge and Bloor.
At Bloor Yorkville, 55C Condos is in Toronto’s most coveted shopping, dining, and cultural destination. Packed with world-class stores, including Hermès, Louis Vuitton, Chanel, Prada, Cartier, Tiffany & Co., Holt Renfrew, Gucci and more, as well as a multitude of fine dining restaurants, elegant bistros, and cafés. 55C Condos is also minutes away from global institutions of higher learning – University of Toronto and Ryerson University.
If you’re looking to get out of the city or to head into the downtown core, you can access the Don Valley Parkway in only 10 minutes.
Travel by Foot
• 2 mins Yonge and Bloor Subway
• 7 mins University of Toronto
• 12 mins Royal Ontario Museum
• 14 mins Ryerson University
Travel Times from 55C Condos
Travel by Transit
• 9 mins Eaton Centre
• 10 mins St.Michael’s Hospital
• 12 mins Toronto General Hospital
• 12 mins Women’s College Hospital
• 13 mins Sick Kids Hospital
• 17 mins Mount Sinai Hospital
• 10 mins Financial District
• 14 mins Scotiabank Arena
• 20 mins Rogers Centre
55C Condos Amenities
• Guest Suite
• Outdoor Landscaped Terrace and BBQ Area
• Concierge Attended Lobby
• Fireplace Lobby Lounge
• Fitness Centre
• Pet Spa
• Zen Lounge
• Kitchen / Lounge area
• Study Areas
• Steam Rooms
• Party Room
• Private Dining Area
55C Condos Features and Finishes
About the Developer
Since its founding in 2009, MOD Developments has grown to become one of Toronto’s most innovative development firms specializing in high-density development with a focus on architectural excellence, heritage preservation and city-building.
It is our mission to create mindful development in Toronto that pays homage to our city’s rich cultural and architectural heritage while being a key contributor in the progression towards the city of tomorrow. As part of this mission we work with community partners, industry-leading architects, designers and trades to build homes that utilize progressive design, high-quality materials and sustainable construction practices. We pride ourselves on providing our customers and the communities in which we work a partner that is accountable and honourable.
55C Condos Frequently Asked Questions
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.