Central Condos
Central Condos is a new condo in Toronto developed by Concord Adex currently in preconstruction at 38 Widmer Street, Toronto, ON.
| Developer | Concord Adex |
| Address | 38 Widmer Street, Toronto |
| Neighbourhood | Downtown |
| Number of Storeys | 47 |
| Number of Units | 426 |
| Occupancy Date | October 2021 |
| Maintenance Fees | $0.62 psf/m |
| Priced From | Mid $700,000s |
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✅ Access to DAY 1 Platinum VIP pricing
✅ Best selection of units
✅ Opportunity to reserve your unit via worksheet before the general public
✅ Work with a condo investing specialist (someone who currently invests in the condo market and has sold hundreds of condos)
✅ Expert analysis on the 5% of condos worth investing in Toronto and the GTA
About Central Condos
Toronto is ‘Silicon Valley North’, the world’s emerging tech superpower with the fastest growing tech market and fourth largest tech talent pool in North America. Multinationals are converging in the downtown core, where work/life amenities inspire innovation.
Here in the hub of interactivity are the high-octane residences of Central Condos, the centre of future living.
Central Condos Location
Central Condos will be located just north of Adelaide Street West and south of Richmond Street West, just east of Peter Street at 38 Widmer Street in Downtown Toronto, ON.
Live Central and thrive in the fastest growing tech market and
fourth largest tech talent pool in North America. Toronto is the world’s next tech superpower, drawing top multinationals to the downtown core of ‘Silicon Valley North’.
Concord Central is the epicentre of this hi-tech live/work trend, featuring innovative amenities and cutting-edge convenience for your career lifestyle. This is living in the future.
38 Widmer Street
Walker’s Paradise
Central Condos Amenities
Central Condos Features and Finishes
Kitchen
Experience the joy of cooking with world-renowned Miele appliances, Calacatta porcelain backsplash and polished chrome Grohe faucet. Custom wood-grain laminate cabinetry features soft-close hardware, drawer organizers and recessed lighting. Gourmet Central is refined taste in both form and function.
Bathroom
Immerse yourself in serenity and contentment. Elegant Calacatta porcelain tub/shower surround are accented by polished chrome Grohe fixtures, wood-grain laminate cabinetry, soft-close hardware and a custom-built medicine cabinet. Pure pleasure Central.
Closet
Dress for success with the ultimate in ease and efficiency. Central builds in thoughtful design considerations, like wood-grain laminate wardrobe enclosures, built-in closet organizers and smart storage features. All ideally suited to your career mobility and extra-curricular activities.
Heated Balconies
Cast your dreams skywide when you step onto your balcony for a personal panorama of the city’s electrifying energy. Radiant roof heaters and composite wood decking provide year-round enjoyment of days drenched in golden light and sunset hues.
About the Developer
Concord Adex
The Concord Group of Companies success has continued with Canada’s largest skyline defining communities, Concord Pacific Place in Vancouver and Concord CityPlace in Toronto. Concord has further expanded with numerous large scale master-planned communities across the Canada and is now developing in the UK.
Concord has completed over 130 residential and mixed use buildings with more than 50 in various stages of planning and development.
Central 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
- 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:
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:
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.
