Queen and Ashbridge Condos
Queen and Ashbridge Condos is a new condo in Toronto developed by Context and RioCan currently in pre-construction at 1555 Queen Street East, Toronto, ON.
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About Queen and Ashbridge Condos
Welcome to Queen and Ashbridge Condos, a new condominium and rental residence in the heart of Coastal Queen East, a unique community that combines the best of two existing and established Toronto neighbourhoods, Leslieville and The Beaches. Offering breathtaking views of Lake Ontario from an eclectic urban setting and a host of top tier amenities to benefit a contemporary healthy lifestyle, Queen Ashbridge is a community like no other.
Queen Ashbridge is a redevelopment of the existing City of Toronto land by Context and RioCan. The redevelopment will feature a mix of housing types including Rent-Geared-To-Income (RGI), Affordable Rental, Market Rental and Condominiums in addition to new Queen Street retail along the entire northern edge of the site.
The site is approximately 3.3 acres and currently houses 120 RGI units and once redeveloped will see 750 new homes in the community. There will be 400 rental units and 350 condominiums and the redevelopment is at no cost to City as they are utilizing the value of their land in the partnership.
We believe that this redevelopment can act as an innovative model between the private and public sectors and show how working together can benefit the city as a whole.
Queen and Ashbridge Condos Location
Queen and Ashbridge Condos will be located near Queen Street East and Coxwell Avenue at 1555 Queen Street East in the Beaches neighbourhood of Toronto, ON.
Located between Leslieville and The Beaches, Queen and Ashbridge Condos is immediately north of Ashbridge’s Bay and Woodbine Park.
Steps to some of Toronto’s best restaurants and shops and minutes to downtown on the Queen streetcar, the Queen Coxwell Revitalization is set to become one of Toronto’s premier living destinations!
Queen and Ashbridge Condos is an exciting mixed-use community featuring a 17-storey condominium, 17-storey rental residence and more than 16,000 square feet of retail located at the corner of Queen Street East and Coxwell Avenue. From here, you can enjoy the bountiful natural amenities of the historic Beaches, including trails, parks and, of course, the beach. Sail, surf, canoe or simply watch the sunset – life near the lake is tough to beat.
Queen Ashbridge is also uniquely positioned to take advantage of the diverse urban atmosphere of trendy Leslieville. Independent boutiques, convenient favourites, delicious dining, quaint coffee shops – everything you’d expect from a quintessentially metropolitan environment is on display and asking to be explored in Leslieville. And conveniently located transit options mean Toronto’s downtown core is mere minutes away.
This modern community is the definition of compromise-free living, at Queen Ashbridge you can have it all. The lake is at your virtual doorstep and the city is in your backyard. Enjoy the best of Leslieville and The Beaches from one unique place.
Nearby Condos
• Queen Street TTC Streetcar
• Beaches
• Woodbine Park
• Restaurants and Cafes
1555 Queen Street East
Very Walkable
Queen and Ashbridge Condos Amenities
The Bridge Lounge
Lobby & Mezzanine lounge spaces
The Coast Club
5,000 Sq.ft Fitness Centre featuring strength, cardio and functional training zones, dedicated spin and yoga studios with spa-like change rooms featuring steam saunas.
The Woodbine Co-working Lounge
The Sky Club
Rooftop party room and lounge with a sprawling outdoor terrace featuring outdoor lounge, cooking and dining zones.
7 Dedicated Guest Suites
Concierge
Parcel Room
Private Outdoor Rooftop Dog Run
The Valley
Large courtyard featuring lush lawns, trees, planters, and resident garden plots. The Valley is open to the South and situated on the third floor maximizing sunlight and lake facing views creating a calming, private, secure environment.
About the Developer
RioCan
Since 1993 RioCan has helped shape the places Canadians want to work and shop. Starting now, RioCan Living will help shape the places they want to live.
Building a community from the ground up takes more than bricks and mortar – it takes people, and we keep people at the centre of everything we do. So when we select a project’s location, architect and interior designer we’re not really thinking about ‘the project’, we’re thinking about the people who will one day call it home.
We listen to the communities we’re part of, to ensure we’re enhancing the unique culture of each neighbourhood. That’s why our project in King West doesn’t feel like our project in Little Italy, and why you, whatever your lifestyle, will feel at home with us.
Context
Context was formed in 1997 by Stephen Gross and Howard Cohen. Our company is focused on the development of mixed-use projects, condominiums and affordable rental housing in Toronto’s central neighbourhoods. We are pioneers in downtown intensification with buildings based on quality design, sustainability and innovative city planning.
Context is backed by Waterloo Capital, a private investment fund controlled by Stephen Gross and Gerald Schwartz, the CEO of Onex Corporation.
Queen and Ashbridge 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:
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.
