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7 Labatt Avenue Condos

7 Labatt Avenue Condos Street Exterior True Condos

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7 Labatt Avenue Condos is a new pre-construction condo development by TAS coming to 7 Labatt Avenue in Toronto, ON.

7 Labatt Avenue Condos Street Exterior True Condos

About 7 Labatt Avenue Condos

TAS has partnered with Tricon and an institutional investor to support revitalization efforts in downtown Toronto’s east side with 7 Labatt Avenue Condos.

A 1.3-acre site fully zoned for a ~560,000 square foot building, 7 Labatt Avenue will feature approximately 600 residential units, evenly split between rental and for-sale condominium units, two levels of commercial space and a new home for the Salvation Army facility.

Construction is expected to commence in mid-2020 with completion anticipated in late 2023.

7 Labatt Avenue Condos Details

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Developer TAS
Address 7 Labatt Avenue, Toronto
Neighbourhood Downtown East
Number of Storeys 38
Number of Units 584
Occupancy Date Winter 2023
Maintenance Fees TBA
Priced From TBA

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7 Labatt Avenue Condos Location

7 Labatt Avenue Condos will be located at the corner of 7 Labatt Avenue and 77 River Street in Downtown Toronto, ON.

7 Labatt Avenue Condos is located immediately south of Regent Park, in close proximity to cultural, community and athletic amenities. Steps from Corktown, a cultural hub, the property is surrounded by restaurants, retail and historic landmarks.

It offers convenient access to three downtown streetcar lines as well as the Don Valley Parkway.

7 Labatt Avenue

Very Walkable

Explore Regent Park on Walk Score

7 Labatt Avenue Condos Rendering True Condos

About the Developer

TAS
Building resilient urban villages through food, family & future.
TAS is the community-focused, mixed-use developer that is deeply committed to building resilient urban villages founded on sustainable connections to food, family and future.

TAS has completed five major projects, including DUKE and M5V condos. We have 16 properties−totaling over four million square feet−in various stages of development and value-add redevelopment, delivering a diverse portfolio of commercial office and retail space, alongside a mix of long-term rental and for-sale condominium units. TAS is a Certified B Corporation and a founding member of the SVX Social Impact Investment Platform.

7 Labatt Avenue Condos Frequently Asked Questions

How do I reserve a unit in this project?

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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?

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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”?

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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?

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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?

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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?

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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?

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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?

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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?

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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?

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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?

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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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