Promenade Park Towers
| Address | 1 Promenade Circle | ||
| Developer | Liberty Development | Occupancy | Sep 2023 |
| Area | Thornhill | Deposit | 20% |
| Storeys | 35 | Maint. Fees | $0.59 psf/m |
| Units | 428 | Prices | $393,900 – $1,383,000 |
Promenade Park Towers is a new condo in Vaughan developed by Liberty Development Corporation currently in pre-construction at 1 Promenade Circle, Vaughan, ON.
About Promenade Park Towers
A fashionable, urban lifestyle, unlike any other – Promenade Park Towers.
Promenade Park Towers delivers a smooth, unapologetic style. This is Thornhill’s newest hub, where two iconic condo towers preside at the centre of everything that is close to you. Promenade Park Towers are connected to the Promenade Shopping Centre. Stroll the lush rooftop terrace, hit the exercise room and yoga studio, or plan a party. Your new home has it all and everything is within a short drive, commute, or walk away.
Promenade Park Towers Location
Promenade Park Towers is the pinnacle of location and lifestyle. A vibrant connected community that celebrates style. Whether it’s the latest fashion and design, or popular park, trail or trendy rooftop to play on, you’ll find it all here at the Promenade Park Towers.
Entertainment
Outdoor enthusiasts of Promenade Park Towers can explore the many parks, trail networks and golf courses nearby. Entertainment lovers can get their fix at the cinema and live music venues; foodies can savour the many menus close by. Options to shop till you drop abound, or head anywhere else easily via VIVA Rapid Transit, just steps away from Promenade Park Towers.
Recreation
So much to do, what to do first? Take a stroll through Sugarbush Heritage Park, Thornhill Heritage Garden, or the 47-acre Pomona Mills Park. There’s also an Uplands public golf course (and ski slopes in winter) minutes away from Promenade Park Towers. Children and families can also practice soccer or baseball at Concord/Thornhill Regional Park.
Transit
You don’t need a car living at Promenade Park Towers. Catch the VIVA bus from the Promenade VIVA Terminal and connect to the Vaughan Metropolitan Centre subway, the Downsview subway stations, or just get around Thornhill or the GTA. Besides that, it’s a quick drive to Hwy 7 to connect to the 407 and get across the city.
1 Promenade Circle
Very Walkable
Nearby Promenade Park Towers
• LCBO
• RBC
• TD Bank
• Subway
• Marble Slab
• Shoppers Drug Mart
• Thornhill Golf Club
• Pierre Elliot Trudeau Park; and much more
Promenade Park Towers Amenities
The first floor of Promenade Park Towers features a show-stopping lobby with 24-hour concierge, an ultra-connected study lounge and cyber lounge. Book a night or day of fun in the party room, private dining room with kitchen, billiards room, or media/game room. Promenade Park Towers even has a pet wash and golf simulator.
When you’re ready to work off some steam, there’s the exercise room and yoga studio and the indoor/outdoor children’s play area. Got guests? There’s a well-appointed Guest Suite you can reserve at Promenade Park Towers.
Promenade Park Towers Features
Promenade Park Towers’ contemporary styled suites come in smart, open-concept plans with balconies or terraces and designer accents at every turn. Nights in will feel ultra-decadent, lazy weekends will be something you actually schedule.
Images coming soon!
About the Developer
Liberty Development Corporation
As a leader in forging growth throughout the GTA, Liberty Development’s strategy is simple: to identify high-quality underutilized locations and convert them into highly desirable developments. Liberty communities are public-transit oriented. Their award-winning communities include Eko Markham Centre / Liberty Square and World on Yonge – Liberty’s mixed-use high-density communities located in Markham and Thornhill.
Promenade Park Towers 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:
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.
