Cloverdale Mall Condos
| Address | 250 The East Mall | ||
| Developer | QuadReal | Occupancy | 2024 |
| Area | Etobicoke | Deposit | TBA |
| Storeys | 30 | Maint. Fees | TBA |
| Units | TBA | Prices | TBA |
Cloverdale Mall Condos is a new mixed-use, master-planned community in Toronto developed by QuadReal currently in pre-construction at 250 The East Mall, Etobicoke, ON.
About Cloverdale Mall Condos
Cloverdale Mall Condos is currently in the early planning and design phase of pre-construction at 250 The East Mall in Etobicoke. Cloverdale Mall Condos has been proposed as a full redevelopment of the existing Cloverdale Mall into a mixed-use, master-planned community.
Cloverdale Mall Condos would include retail space amongst an open-air centre, condominium and rental units, and even the possibility of affordable senior housing. Cloverdale Mall Condos redevelopment will also introduce new parks, pathways, and green space.
Cloverdale Mall Condos Location
Cloverdale Mall Condos is located at 250 The East Mall in Etobicoke, near Dundas Street West and the 427. Etobicoke has become an established neighbourhood for new developments like Cloverdale Mall Condos with similar master-planned communities popping up around the 401 and many new developments near the shore of Mimico. Etobicoke is made up of 20 smaller neighbourhoods that has something for everyone. Cloverdale Mall Condos, in particular, is located in the suburb of Islington – City Centre West.
Lifestyle and Entertainment
Cloverdale Mall Condos will host a local and personalized feeling of the hustle and bustle of the city with big box stores, Sherway Gardens, and unique restaurants all within a short drive. At Cloverdale Mall Condos you can also enjoy a relaxed lifestyle walking the trails and parks down by the water or playing 18 holes at one of three nearby golf clubs.
Transit
Cloverdale Mall Condos easily connects residents with Mississauga Transit and TTC to travel in and out of both neighbouring cities. The surrounding GTA is also easily accessible via the 427, 401, and Gardiner along with Islington Subway station, Long Branch GO, and Kipling GO which are all within a 10 minute drive of the future Cloverdale Mall Condos.
250 The East Mall
Very Walkable
Nearby Cloverdale Mall Condos
• Kipling GO Station
• Islington Subway Station
• Sherway Gardens
• The Burger’s Priest
• California Sandwiches
• The Keg
• Canadian Tire
• Farm Boy; and more
Cloverdale Mall Condos Amenities
Cloverdale Mall Condos will feature a comprehensive list of amenities within the buildings, but what makes the development unique is the improvements that will be made to the surrounding urban amenities. The redevelopment of Cloverdale Mall Condos will include a new open-air concept mall, new parks, pathways, new roads, and underground parking to provide a pedestrian-friendly environment.
Cloverdale Mall Condos in the Media
About the Developer
QuadReal’s Canadian portfolio spans coast to coast, including 40 million square feet of office, industrial, and retail, plus 12,000 residential rental suites. QuadReal is committed to a collaborative approach to ownership and development, with the goal of leaving a lasting social and environmental legacy.
Cloverdale Mall 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.
