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Four Eleven King Condos

Four Eleven King Condos is a new condo in Toronto developed by Great Gulf currently in pre-construction at 411 King Street West, Toronto, ON.

Four Eleven King Condos True Condos

About Four Eleven King Condos

Unparalleled Living at King & Spadina – Four Eleven King Condos

Positioned in one of, if not the trendiest spots in the city, Four Eleven King is located at King and Spadina in the Downtown core. Four Eleven King is set to be a two-tower, mixed-use development 615 new residential units. As seen in the renderings, the finish of the building is expected to pay homage to its surroundings while bringing a modern vibe with sleek, vertical lines.

Four Eleven King Condos Details

Developer Great Gulf
Address 411 King Street West
Neighbourhood Downtown Toronto
Number of Storeys TBA
Number of Units 615
Occupancy Date 2021
Maintenance Fees TBA
Priced From TBA

Four Eleven King Condos Location

Four Eleven King Condos is located at 411 King Street West, in the Entertainment District of Downtown Toronto. Purchasing in this area, residents can be a part of an exciting and vibrant neighbourhood built for young professionals and investors alike. Four Eleven King Condos will be among some of the most modern developments in Toronto and is literally steps away from the best entertainment in the city.

Four Eleven King Condos is located in a growing area that is drawing in endless new developments and business. New condos, offices, and master-planned communities have been proposed to improve the area. As well, OCAD University is set to build a new campus in the area, which will likely result in an influx of young professionals looking to buy and rent units.

Transportation

Four Eleven King Condos is the perfect location for taking care of your daily errands. Groceries, shopping, entertainment, and restaurants are all within walking distance. Meanwhile, if you need to travel across the city TTC’s 24-hour streetcars travel right through the area and the St. Andrew Subway Station is a short walk away.

Four Eleven King Condos’ convenient proximity to St. Andrew Station makes Union Station a single stop away, which connects to the GO train, Via Rail and the Union/Pearson Express.

411 King Street West

Walker’s Paradise

Explore Waterfront Communities-The Island on Walk Score

Nearby Four Eleven King Condos

Shopping

• Loblaws
• LCBO
• Rabba Fine Foods
• Patagonia
• Adidas
• Marshall’s

Restaurants

• The Keg
• Gusto 101
• Buca
• La Carnita
• Wahlburgers
• and MUCH more.

Entertainment

• TIFF Bell Lightbox
• Princess of Wales Theatre
• Roy Thomson Hall
• Rogers Centre
• CN Tower

About the Developer

Great Gulf

Great Gulf is an award-winning builder and developer of new homes and condos in Toronto, Milton, Sharon Village, Bradford, Oakville, Whitby and Brampton. Great Gulf’s new developments are built upon three core values. Design. Technology. Experience. For 40 years, they have embodied the spirit of these values within each of their 40,000 homes.

Great Gulf Developer Logo True Condos

Four Eleven King 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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(416) 371-2333

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