M2M Condos is a new pre-construction condo development by Aoyuan International at 5915 Yonge Street in North York, Toronto, ON.
About M2M Condos
M2M Condos by Aoyuan Property Holdings is a five-tower, 1,660-unit mixed-use condo project at the 8.6-acre Newtonbrook Plaza site at 5915 Yonge St. in North York. The towers will range in height from 33 to 44 storeys.
M2M Condos Information
|Address||5915 Yonge Street, Toronto, ON|
|Number of Storeys||34|
|Number of Units||810|
|Occupancy Date||Summer 2022|
|Maintenance Fees||$0.57 Per SqFt per Month|
|Priced From||Low $400,000s|
M2M Condos Location
M2M Condos is part of a wave of development occurring along Yonge Street between affluent Thornhill, a predominantly low-rise suburb bordering Toronto to the north, and downtown North York, which is a major employment area. The strip is dotted with retail as well as international restaurants serving up Korean fare, Middle Eastern dishes, and more.
With North York’s downtown so close, residents shouldn’t need to travel far south for big-city amenities. North York Civic Centre, a former city hall, houses a large library, shops and an office space. Mel Lastman Square, a popular event space, is just outside the centre. Closer to the M2M condos, there are several public parks.
M2M Condos is located a mere block north of Finch Station, a major transit hub for not only the TTC but also GO Transit and YRT/Viva transit, connecting the area to the rest of the city and suburbs past its borders. Car commuters can access Highway 401 to the south and the 407 ETR to the north. Yonge Street is also a major thoroughfare connecting the city to other municipalities.
In terms of views, M2M condos is mostly surrounded by low-rise communities: York Region is to the north, and leafy single-family home neighbourhoods to the east and the west. Downtown North York is to the south.
Commuting options help M2M Condos achieve a perfect transit score. The address has a walk score of 67 and bike score of 64. However, the project should bring 3,714 square metres of retail and 3,915 square metres of commercial and office space.
M2M Condos Amenities
M2M Condos offer significant on-site amenities in addition to those offered nearby. The project incorporates plenty of outdoor amenities, including courtyard green space, an open-air yoga deck, 60,000 square feet of park space, barbecues and lounge areas.
There will also be an infinity pool, a new community centre and daycare centre, a two-level gym and multiple party rooms and dining rooms for entertaining. There is also going to be a 24-hour concierge service set up for residents.
The community will have ample parking with 874 spaces, and these will be accessible by a network of public and private streets that will divide the project site into three distinct city blocks.
About the Developer
AOYUAN PROPERTY GROUP
Aoyuan Property Group has head offices in Guangzhou, Guangdong, China, and Hong Kong and has been around since 1996. However, only recently has Aoyuan expanded internationally, beginning in 2015 with a project in Sydney, Australia.
Since then, growth has been fast and furious. In addition to establishing a presence in China and Australia, Aoyuan has since expanded to Canada, specifically in Vancouver, Burnaby and Toronto.
In its native China, Aoyuan has made a name for itself. It creative a master-planned community called Olympic Garden, which, as the name suggests, was sports themed. The development received an endorsement from the International Olympic Committee.
Since the 1990s, Aoyuan’s land bank has come to include more than 200 million square feet of property, including residential and other uses, throughout 30 cities worldwide.
M2M 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:
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.