M5 Condos is a new condo in Mississauga developed by Urban Capital and Rogers Real Estate Development currently in pre-construction at M City Community | Grand Park Drive & Burnhamthorpe Road West, Mississauga, ON.
|Developer||Urban Capital and Rogers Real Estate Development|
|Address||M City Community | Grand Park Drive & Burnhamthorpe Road West, Mississauga|
|Number of Storeys||TBA|
|Number of Units||TBA|
About M5 Condos
M CITY 5 CONDOMINIUMS MISSISSAUGA
M5 Condos Mississauga is a new condo development by Urban Capital and Rogers Real Estate Development Limited currently in preconstruction at Grand Park Drive & Burnhamthorpe Road West, Mississauga.
M5, the newest phase of M City, embodies the community’s ethos of iconic architecture, striking design, and cutting-edge technology. The tower’s crisp linear silhouette makes an impressive statement; simple yet elegant geometry of black and white forms that create a grid-like pattern. Like its predecessors, there’s more to experience at M5. Wellness-focused amenities paired with calming and stylish interiors and modern suite features and finishes that introduce tranquility to the everyday. M5 will inspire, nurture, and soothe.
M5 Condos Location
The site features fresh, expansive green space, including over 2 acres of new parkland and a dedicated connection to the Mary Fix multi-use trail and John “Bud” Cleary Park. The new community is designed for pedestrians, with a generous tree-lined promenade and a range of retail shops and cafes at street level, and only minutes from transit options including the proposed LRT.
Green spaces in urban places, both on the ground and in the air. The natural environment is important for our well-being and M City has plenty of it. Connected to the Mary Fix multi-use trail and the neighbouring John “Bud” Cleary Park, M City brings important connections to existing parkland and introduces over 2 acres of green space to accommodate a range of outdoor activities.
There’s so much to see and do near M City. Experience the vibrant culture and rhythm of life in the City Centre. Shop the top fashion brands at Square One. Hang out with friends at The Rec Room. Savour the flavours at The Food District. Take in the art scene at the Art Gallery of Mississauga. Laugh and play in the parks. Cycle through the bike trails. Meet the neighbours. Get out, explore and have fun.
About the Developer
Since we started out with our 48-unit Camden Lofts development back in 1996, these have been our touchstones. That project, on dusty Camden Street in the then hollowed out Fashion District west of Toronto’s downtown, broke the mold of Toronto development. Urban living. Raw space. Cubic footage rather than square footage.
Camden was borne out of a belief that the then de-industrialized parts of our cities could come alive again as vibrant urban centres. That design-focused urban condominiums could compete with suburban homes. That there were people who wanted more.
Rogers Real Estate Development
Rogers Real Estate Development Limited is the owner and developer of M City. The Company is part of an affiliated group of companies, which together represent the Rogers family private holding companies.
The Rogers family private holding companies are the majority and controlling shareholders of Rogers Communications Inc., a leading diversified public Canadian communications company created by one of Canada’s all-time business giants, Ted Rogers.
M5 Condos FAQs
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.