Lake and Town Etobicoke
Lake and Town Etobicoke is a pre-construction townhouse project by Menkes Developments Ltd., coming to 225 Birmingham Street in Toronto, ON.
About Lake and Town Etobicoke
Lake and Town Etobicoke will consist of urban townhomes just North of Lake Shore Blvd. & Islington Ave.
A friendly & convenient place to call home. South Etobicoke’s most vibrant parkside community!
The project will consist of 210 units.
Lake and Town Etobicoke Details
| Developer | Menkes Developments Ltd. |
| Address | 225 Birmingham Street, Toronto |
| Neighbourhood | Etobicoke |
| Number of Storeys | TBA |
| Number of Units | 210 |
| Occupancy Date | Spring 2023 |
| Maintenance Fees | $0.19 psf / m |
| Priced From | TBA |
Lake and Town Etobicoke Location
Lake and Town Etobicoke will be located at 225 Birmingham Street, just north of Lake Shore Boulevard West in the Etobicoke area of Toronto, ON.
Imagine having the best of a small lakeside town lifestyle right in the heart of the big city. At Lake & Town Etobicoke, you can! Lake Ontario’s beautiful parklands and beaches are down the street. The charming town-like atmosphere of Lake Shore Blvd. is right at your doorstep.
With all this and more nearby, homebuyers can enjoy a truly fulfilling lifestyle at Lake & Town Etobicoke.
You can also spend your days enjoying the beauty of Lake Ontario.
Parks, beaches, shops, restaurants, transit, trails & more.
Take a five minute stroll down to Lake Shore Blvd. to discover some excellent local restaurants. You have all your essentials covered with IKEA, Sherway Gardens Mall, and more a short drive away. The Lake Shore Streetcar is a quick walk south, providing access to many popular downtown destinations in 30 minutes or less.
Colonel Samuel Smith Park and Humber Bay Park both provide opportunities to soak in the beauty of Lake Ontario. Many excellent primary and secondary schools are close at hand. Plus, post-secondary students will love the easy walk to Humber College’s Lake Shore Campus.
225 Birmingham Street
Very Walkable
About the Developer
MENKES
Menkes continues to raise the standard for outstanding quality design and superior value as a fully integrated, multidisciplinary real estate development company.
Elegant family homes that exude character and charm; exclusive luxury condominiums infused with stunning amenities; and highly coveted office and industrial space, all set in prime locations.
Lake and Town Etobicoke 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.
