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Lake Suites Condos

Lake Suites Condos is a pre-construction condo development by Greenland Group coming to 215 Lake Shore Boulevard East in Toronto, ON.

Lake Suites Condos Building Lake Ontario View True Condos

About Lake Suite Condos

With Lake Suite Condos you can rise and set with a panoramic perspective.

When city life meets the tranquility of the lake, something exceptional is created. Perceptions of urban living will be forever changed. Because when we think condo living, we envision a community of soaring towers sailing above an urban backyard, shaping a new waterfront skyline

The newest Lakeside tower, Lake Suite Condos, is launching with the best views of the lake and city yet. Imagine a neighbourhood that lives both in the sky and along the shoreline. A pairing that’s exclusive and elemental.

Raw and refined. Natural and urban. Home and destination.

Lake Suites Condos Details

Developer Greenland Group
Address 215 Lake Shore Boulevard East, Toronto
Neighbourhood Lake Shore
Number of Storeys 39
Number of Units 365
Occupancy Date March 2023
Maintenance Fees $0.59 Per SqFt per Month
Priced From $646,990 to over $1,399,990

Lake Suites Condos Location

Lake Suites Condos will be located at 215 Lake Shore Boulevard East, just west of Lower Sherbourne Street as part of the Lakeside Residences Community in Toronto, ON.

From Front Street to Distillery District to St. Lawrence Market and beyond, journey home to Lake Suites Condos.

Waterfront. Cityscape.

With unparalleled access to Toronto’s extensive waterfront, the world’s best food market voted by National Geographic, and culturally vibrant neighbourhoods, you’ll always be a stone’s throw from the water’s edge and nearby nightlife, entertainment, and commercial hubs.

215 Lake Shore Boulevard East

Walker’s Paradise

Explore Waterfront Communities-The Island on Walk Score

Lake Suites Condos Features and Finishes

Suite Features
– Secure, solid core suite entry door with dead-bolt and door viewer.
– Contemporary styled swing interior doors painted with hardware.
– Approximately 9-foot smooth ceilings in principal rooms (with the exception of areas in which mechanical, electrical or structural elements are located, which areas may have lower ceiling heights as per plans).
– Floor to ceiling windows, as per plan.
– Choice of designer-selected prefinished laminate flooring in living/dining, kitchen, bedroom and den areas, as per Vendor’s standard samples
– Suites feature balconies, patios or terraces, as per applicable plan
– Vinyl coated wire shelving in all closets
– Individually controlled year-round heating and cooling system

Kitchen features
– Kitchen appliances including: Integrated refrigerator and integrated dishwasher, electric cooktop, stainless steel convection oven with hood fan exhausted to exterior, and stainless-steel freestanding microwave (24’’ nominal size). All appliances connected and ready for use
– Choice of polished countertops, from Vendor’s standard samples
– Custom kitchen cabinetry, in a variety of materials and colours
– Tiled backsplash
– Stainless Steel under mount single basin sink with chrome pull out faucet
– Ceiling mounted track lighting over kitchen and/or island, as per plan

Bathroom Features
– Bathroom cabinetry designed in a variety of materials and colours
– Choice of polished countertops, from Vendor’s standard samples
– Mirror with designer selected storage cabinets above vanity, as per plan
– Porcelain vanity sink with chrome faucet
– High-efficiency, elongated dual flush toilets
– Choice of designer-selected porcelain tiles, from Vendor’s standard samples
– 5’ alcove tub with full height ceramic/ porcelain wall tile surround
– Shower stall with glass enclosure and contemporary shower head, as per plan
– Chrome accessory package including towel bar and toilet paper holder, where applicable
– Privacy locks on all bathroom doors

Laundry Features
– 24” washer and dryer combination
– Ceramic tiled flooring in laundry area, as per plan

Electrical Features
– Individual service panel with circuit breakers, location as per plan
– Decora-style switches and receptacles
– Pre-wired for High-Speed Internet and Cable TV
– Switched outlet to be provided in Living room and bedroom(s)
– Light fixtures provided in Foyer, Kitchen and Bathroom(s)

Lake Suites Condos Aerial Rendering True Condos
Lake Suites Condos Interior Bedroom True Condos
Lake Suites Condos Buildings Towers True Condos

About the Developer

GREENLAND GROUP
Greenland Group (Canada), which is behind Toronto projects Lakeside Residences and King Blue Condos, is the Canadian arm of Greenland Group, one of the biggest international real estate developers on the planet. Greenland Group (Canada) focuses on tall and mixed-use buildings.

Although Greenland Group (Canada) is a relative newcomer to the Toronto market, it draws on vast experience from the Shanghai-based Greenland Group, which was founded in 1992. Greenland Group has an impressive resume across a number of market segments, including condos as well as commercial and hotels, energy, finance, and transit infrastructure.

Greenland Group is a Fortune 500 conglomerate with a portfolio worth $58 billion in US funds as of 2014, and has projects across several world-class cities such as Paris, London, Melbourne, New York, Los Angeles, and, of course, Toronto. The international developer aims high, literally. A number of their projects have been counted as some of the tallest condo towers in the world.

greenland-logo

Lake Suites 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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