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Azure Condos

Azure Condos is a new condominium development by Tricar coming to 505 Talbot Street in London, ON.

Azure Condos London Building Image True Condos

About Azure Condos

We believe that first impressions are everything. Azure Condos is an inspired tower of modern architecture that sets a new standard for downtown living.

Being the tallest residential tower in London is just one aspect that sets Azure Condos apart from other traditional condominiums. A blend of light and form; this creative and responsible combination of light coloured concrete with a brick and glass window wall façade creates an aesthetically appealing and energy efficient building.

It has both a vibrant and sophisticated presence. Enjoy healthy and visually appealing urban foliage with lush landscaping both at street level and on the 29th floor rooftop terrace. The unique blue rooftop light feature makes a statement by enhancing the night skyline, creating an iconic landmark for years to come.

Azure Condos Details

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Developer Tricar
Address 505 Talbot Street, London
Neighbourhood London
Number of Storeys 29
Number of Units 200
Occupancy Date Fall 2018
Maintenance Fees TBA
Priced From $422,900

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Azure Condos Location

Enter Azure Condos and you’ll be impressed by a warm, modern lobby with a well-appointed greeting area and three high-speed elevators ready to take you to your suite. Our pride in our craftsmanship and attention to detail is abundant throughout the sophisticated, extra wide corridors and well into your finely finished suite.

One of Tricar’s preeminent projects to date, it continues their commitment to the rejuvenation of the downtown London core; drawing people in to enhance the economic vibrancy with an active pedestrian connection between Azure’s new street level storefronts, existing development and picturesque open spaces.

505 Talbot Street will be buzzing with urban excitement for those that want to embrace this social, carefree and upscale lifestyle and call it home.

Walker’s Paradise

Explore London on Walk Score

Azure Condos INterior True Condos
Azure Condos Lounge True Condos
Azure Condos Gym Amenities True Condos

Azure Condos Features and Finishes

– Premium flooring includes wide plank engineered hardwood flooring in your choice of colour and plush carpeting with high-density underlay in bedrooms
– Beautiful 80” designer two-panel interior doors with brushed nickel lever hardware
– Oversized, extra-deep balconies feature tempered glass and aluminum railings to extend your living space and provide unobstructed views
– Deluxe details include 3 .” casings, 5 .” baseboards and crown moulding in living room
– Closets feature premium wire shelving
– High-efficiency appliances and in-suite laundry
– Thermal windows
– Programmable thermostat and humidistat for your personalized temperature control
– Energy-efficient lighting fixtures
– Heating and cooling provided through a centralized gas-fired boiler and chilled-water cooling system minimize energy consumption and maximize efficiency
– Individually metered hydro with a 100-amp breaker panel, low VOC washable paint, low VOC spray foam and air barrier insulation is ecologically sound and improves overall air quality in each suite

About the Developer

TRICAR
The Tricar Group has been developing and managing award winning multi-family high-rise buildings for more than 30 years!

Tricar has an impressive portfolio that has grown to over 6000 quality homes across Southwestern Ontario including both high-rise apartment rentals and luxury condominiums. Our innovative and quality craftsmanship has earned us numerous awards for architecture and design excellence and our personal, dedicated attention to customer care has earned us the honour as Builder of the Year by Tarion Warranty Corporation.

Azure 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.

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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.

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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/

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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

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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

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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.

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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.

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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.

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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

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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.

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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.

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