Home at Power and Adelaide Condos
Home at Power and Adelaide Condos is a new pre-construction condo project by Great Gulf and Hullmark coming to 48 Power Street in Toronto, ON.
About Home at Power and Adelaide Condos
Wake up in Toronto’s East End and be part of a neighbourhood with true character and community. Home Condos at Power and Adelaide awaits.
Home Condos at Power and Adelaide Information
| Developer | Great Gulf |
| Address | 48 Power Street, Toronto |
| Neighbourhood | Corktown |
| Number of Storeys | 22 |
| Number of Units | 550 |
| Occupancy Date | December 2020 |
| Maintenance Fees | $0.57 Per SqFt per Month |
| Priced From | $447,990 to over $999,990 |
Home at Power and Adelaide Condos Location
Step into a neighbourhood of authentic charm and understated community at Home Condos at Power and Adelaide.
Where some of the best shops and restaurants in Toronto still feel local.
Close to downtown amenities like the Eaton Centre and steps away from the TTC. Come discover one of the many hidden gems at Home.
48 Power Street
Walker’s Paradise
Home at Power and Adelaide Condos Amenities
Residence
Find yourself at home in this modern abode, located in the centre of one of Toronto’s most vibrant neighbourhoods.
Artists’ Workspace
Ideate, create or collaborate in a space designed to foster all three.
Fitness Studio
Featuring a full complement of cardio machines and free weights.
Yoga Studio
Wake up or wind down in a place designed to nurture body, mind and soul.
Pet Spa
Because your pets deserve to feel at home, too.
Outdoor Pool & Steam Rooms
Two ways to relax and refresh at home.
Meeting Room & Lounge
Specifically designed to meet the needs of today’s mobile professionals.
Event Room with Caterer’s Kitchen
An accommodating space, perfect for both larger groups and smaller, more intimate gatherings.
Community Garden
An elevated oasis for getting closer to all things green.
Outdoor Grills & Fireplace
Perfect for causal cooking and conversation.
Home at Power and Adelaide Condos Features and Finishes
Each suite at Home Condos is a showcase of open concept living at its finest. Exquisite attention is paid to every interior detail, with meticulously chosen finishes matched with the highest quality fixtures and appliances. Choose from a selection of our bachelor, 1 bedroom, 2 bedroom, and 3 bedroom suites.
Kitchen
– Six-piece appliance package (4 stainless kitchen, 2 stacked white washer dryer).
– Quartz kitchen countertops.
– Stainless steel under mounted sink.
– Contemporary design faucet with integrated pull-out sprayer.
– Glass tile backsplash.
Suite
– 9’0 Smooth ceilings.
– Choice of designer-selected laminate flooring in living/dining areas foyer and bedrooms.
– Individually controlled heating and cooling.
– Variety of floorplans and layouts available to suit your personal tastes.
– Vista balcony or grand terrace overlooking the bustle of the city.
Bath
– Glass tile backsplash.
– Soaker tub in main bath, framed glass shower in ensuite bath.
– Great Room
– Polished chrome wall mounted rain showerhead.
– Custom designed vanity with solid surface acrylic integrated sink.
About the Developer
GREAT GULF
Great Gulf Group Limited, through its subsidiaries, engages in real estate operations in North America. It designs, constructs, and sells luxury homes; master-planned communities and high-rise condominiums; resort properties and conference centers; and office towers and shopping malls. The company was founded in 1975 and is headquartered in Toronto, Canada.
HULLMARK
We invest in the places we know and love. By focusing on not only geographic, but also cultural clusters we play a unique role in shaping the neighbourhoods we consider home. Our approach allows us to create destinations in a way single developments and less focused strategies can’t. Be it through office, retail, residential — or a combination of all three — we look to create spaces that, together with our tenants, define our city and show the world the potential of well-designed places.
Home at Power and Adelaide 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.
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.
