Canary Condos Block 10
About Canary Condos Block 10
Canary Condos Block 10 is an extension of the Canary District Condos project that has seen great success in all of its previous phases. Canary Condos Block 10 will offer a long list of amenities within the building as well as a friendly and exciting surrounding environment.
Canary Condos Block 10 will feature 205 one, two, and three bedroom units amongst 13 storeys. With an estimated completition to come in 2024, residents will be proud to call Canary Condos Block 10 their home.
Canary Condos Block 10 Location
Canary Condos Block 10 is located in the newly developed Canary District in the neighbourhood of Corktown. Canary Condos Block 10 will be located at 475 Front Street East, just east of the downtown core and neighbouring where the DVP and Gardiner Expressway connect.
Canary condos Block 10 is joining the established and successful Canary District, which was originally used to host the athletes during the 2015 Pan Am Games that came to Toronto. The community has since been re-purposed and built-out to be a pedestrian-friendly neighbourhood tailored to young professionals and young families.
Lifestyle and Entertainment
Living at Canary Condos Block 10 residents are a short walk away from some of the city’s best recreation, parks, shops, and entertainment. The 18-acre Corktown Commons park is right down the street from the future site with BBQs, a playground, and more. Canary Condos Block 10 is also a short walk or ride away from the Distillery District which is the host of the famous Christmas Market amongst many unique and luxurious shops and restaurants.
Canary Condos Block 10 is conveniently located just outside the downtown core of Toronto, making transit an easily accessible option. Residents of Canary Condos Block 10 have access to TTC streetcar and buses that connect with Union Station within 20 minutes.
If public transit isn’t for you, Canary Condos Block 10 has a great walk and bike score of 90 and 99 respectively, indicating that most if not all of your errands can be done without a vehicle.
Nearby Canary Condos Block 10
• Distillery District
• George Brown College
• El Catrin Distileria
• No Frills
• Morning Glory Cafe
• St. Lawrence Market
About the Developer
Dundee Kilmer Developments is part of a privately-held Toronto based investment holding company of Canadian business leader and philanthropist, Larry Tanenbaum O.C. With investments in real estate and infrastructure, sports, entertainment and media, and private equity, Kilmer has a long-term horizon of vision for its investments and brings an entrepreneurial and solutions driven approach to projects like Brightwater Condos.
Canary Condos Block 10 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.