Emerald City Condos
Emerald City Condos is a new condo in Toronto developed by ELAD Canada currently in preconstruction at Don Mills Road and Sheppard Ave East, Toronto, ON.
|Address||Don Mills Road and Sheppard Ave E, Toronto|
|Developer||Elad Canada||Occupancy||Nov 2021|
|Area||North York||Deposit||5% Before Occupancy|
|Storeys||15||Maint. Fees||$0.56 psf/m|
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✅ Access to DAY 1 Platinum VIP pricing
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✅ Opportunity to reserve your unit via worksheet before the general public
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✅ Expert analysis on the 5% of condos worth investing in Toronto and the GTA
About Emerald City Condos
Lumina is the ultimate reflection of the thriving community in which it resides—a haven that embodies Emerald City’s vivacity with a modernist fusion of technical design and a unique sense of space. The planned thirteen-storey Tower and seven-storey Oasis Suites are nestled amid a vibrant neighbourhood, threaded within the lush landscaping. Lumina’s distinct design complements the sophistication of the area with architectural intent.
By way of interior and exterior design, Lumina perfects the balance between privacy and community, remaining grounded and offering the epitome of tranquility and ease. The building’s diverse external finishes and a variegated palette of materiality and colouration create a rhythmic sense of dynamic interplay, giving each a unique aesthetic quality. Spectacular yet modest, Lumina is distinct from its Emerald City neighbours – Lumina positively shines.
Emerald City Condos Location
Offering an exciting lifestyle and the ultimate in convenience, Emerald City sits in one of the most accessible and spectacular parts of North York. Don Mills station is just steps from the community. Enjoy hopping on the subway and getting to anywhere in the city. Nearby are HWY 401, 404, and the DVP, making it a breeze to get where you need to be. There’s really no better place to live in North York.
Heading north on the Don Valley Parkway, where it merges into the 404 and connects with the 401 east and west, you’ll see Emerald City stand as a beacon. Perched on the highest elevation in North York, your new address summons you to the area’s most strategic intersection. Walk to shop at the extraordinary Fairview Mall on the opposite side of Sheppard Ave. Or, you may choose to board the subway at Don Mills station, for access to all the city has to offer.
Downtown, northbound, east or west, Highways 401, 404 and the Don Valley Parkway stand by to send you off speedily. In minutes you can be in Markham’s high-tech corridor, York University, or either the downtown and Scarborough campuses of the University of Toronto.
Not far from your front door lands you at the Don Mills subway station. From there, you can be almost anywhere: quickly, comfortably, and efficiently. The Toronto Transit Commission’s subway connects with routes north, south, east and west. The terminus stations offer regional service into Mississauga, Brampton, and York Region. As well, Union Station is a hub for UP Express to Pearson International Airport, VIA & Northland rail services, plus AMTRAK to the USA.
About the Developer
Since its inception in 1997, ELAD Canada has focused its business in central Canada, acquiring income producing properties, as well as development sites. The result was that by 2008, the Canadian portfolio was close to 5.9 million square feet of commercial space, as well as nearly 17,000 apartments and seniors’ units.
In recent years, ELAD Canada has a new direction, disposing of its income-producing properties to focus on development sites, and specializing in mid- and high-rise condominiums and master planned communities.
Emerald City 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:
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.