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No. 31 Condos

Developer Lanterra Developments Number of Units 428
Address 31 Parliament St Occupancy Date 2023
Area Distillery District Maint. Fees TBA
Number of Storeys 41 Priced From $499,900 – $1,409,900
31 Condominiums True Condos

No. 31 Condos is a new condo in Toronto developed by Lanterra Developments currently in pre-construction at 31 Parliament Street, Toronto, ON.

About No. 31 Condos

No. 31 Condos is a landmark lifestyle condominium bringing art, culture, history and style together in the heart of the coveted Distillery District. No. 31 Condos will stand 41-storeys tall next to the Gardiner Expressway, with unparalleled views of the Toronto Harbour.

31 Condominiums Rendering

No. 31 Condos Location

No. 31 Condos is located at 31 Parliament Street in the highly sought after Distillery District, famously known for the Toronto Christmas Market. The stunning building will sit at the corner of Parliament Street and Mill Street directly across from The Fermenting Cellar.

Entertainment

No. 31 Condos is in the perfect location for those who enjoy trying new things and the nightlife scene. Steps from your door, the Distillery District hosts some of the best restaurants, shops, and bars in the city.

Recreation

If a night out isn’t your thing, No. 31 Condos is also surrounded by bike lanes, parks, and trails to be explored. A short walking distance away is the Corktown Commons park and Parliament Square and David Crombie Park stretching from Parliament Street, all the way to Lower Jarvis Street.

31 Condominiums Location

Nearby No. 31 Condos

• The Distillery District
• Arta Gallery
• Thompson Landry Gallery
• CACAO 70 Eatery
• Mill St. Brewery
• El Catrin Destileria
• Brick Street BAkery
• St. Lawrence Market; and more.

31 Parliament Street

Walker’s Paradise

Explore Waterfront Communities-The Island on Walk Score

No. 31 Condos Amenities

No. 31 Condos’ amenities offer a soaring double-height and 50-foot long pool/ lounge with a stunning view of the CN Tower. The outdoor amenity space connects to a state-of-the-art fitness centre and yoga room. The 6th-floor roof of No. 31 Condos features a garden, lounging and private dining area with access to BBQ stations. The outdoor space features a reflecting pavilion with a fireplace to relax around and enjoy.

The list of amenities at No. 31 Condos includes the following:

• Luxurious lobby and concierge
• Work lounge
• Pet Spa/Relief centre
• Fitness centre
• Indoor pool, hot tub, and cabanas
• Dry sauna
• Yoga studio
• Children’s play space
• Outdoor rooftop lounge/bbq area
• Party room

No. 31 Condos Features

No. 31 Condos’ suites merge contemporary and modern design through clean lines and black stainless steel appliances. They also feature a combination of organic textures and matte finishes. Through the open concept living, residents of No. 31 Condos can be inspired by the historical aesthetic of the Distillery District.

General

• Approximately 9’ ceilings in No. 31 Condos suites
• Exterior glass sliding doors
• 40-ounce broadloom and upgraded under-pad in bedrooms
• Laminate flooring in den, living rooms, dining rooms, foyers and halls
• Laundry with white stacked washer/dryer
• Interior walls painted off-white quality latex
• Energy Star Appliances in all No. 31 Condos

Master Ensuite

• Choice of porcelain or ceramic flooring
• Granite/Quartz/Integrated cultured marble countertop
• 5’ soaker tub or shower with glass panel with chrome faucets
• No. 31 Condos designer selected plumbing fixtures and cabinetry
• Choice of porcelain or ceramic wall tile in tub or shower area

Kitchen

• Laminate flooring
• Black stainless steel appliances: fridge/bottom freezer, convection range, dishwasher, microwave
• Selection of designer series kitchen cabinetry
• Under-cabinet lighting in No. 31 Condos kitchens
• Granite/Quartz countertop
• Designer series mosaic or glass tile backsplash
• Stainless steel sink with single-lever faucet and pullout vegetable spray
• Kitchen or dining ceiling mounted lighting fixture

Main Bathroom

• Choice of ceramic or porcelain flooring in No. 31 Condos main bathroom
• Granite/Quartz/Integrated cultured marble countertop
• 5’ soaker tub or shower with glass panel with chrome faucets
• Designer selected plumbing fixtures and cabinetry
• Choice of porcelain or ceramic wall tile in tub or shower area

About the Developer

Lanterra Developments

Multi-award-winning Lanterra Developments has established a reputation as a company that creates landmark residential communities admired for their exceptional architecture, brilliant interior design and an array of amenities that make urban living truly exciting and vital.

Lanterra Developments has been acknowledged by BILD for many of its past projects as Project of the Year and Best Model Suite.

Lanterra Developments True Condos

No. 31 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.

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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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