What’s great about RUSH Condos?
RUSH Condos is a new boutique condo at 520 Richmond Street West that stands as bold as the gateway between two lifestyles. Nestled in perfect proximity to the unconventional and the polished. It’s this juxtaposition that makes RUSH Condos so singular.
RUSH Condos Details
|Address||520 Richmond Street West, Toronto, ON|
|Number of Storeys||15|
|Number of Units||123|
|Occupancy Date||January 19, 2022|
|Maintenance Fees||0.61 per sq ft|
Where is RUSH Condos located?
RUSH Condos is where it’s at, on the corner of Richmond and Augusta. Richmond runs parallel to trendy Queen West, twice rated by Vogue as the world’s second-hippest neighbourhood. Augusta aims north, carrying you directly into the fabled Kensington Market, replete with boutique restaurants, plus produce and products sourced the world over.
The neighbourhood is a biking and walking paradise with TTC access at every turn. Hop on and off the streetcar with ease or access the subway whenever your day calls for it.
RUSH Condos has it all. From trendy bars to cozy neighbourhood cafes and everything in between; there’s no shortage of selection right outside your door. It’s no wonder why people from across the city converge in the area.
What amenities does RUSH Condos have?
At RUSH Condos, you can entertain guests against a beautiful backdrop in a warm and inviting party room. Make memories in an open, airy space deliberately dotted with stylish seating, plush sofas, an da generously sized dining table. Complete with a glowing fireplace, outdoor terrace, and BBQ, playing host has never been easier.
Whether you prefer weights, cardio or yoga, RUSH Condos’ state-of-the-art fitness centre is designed for endorphin-boosting workouts. Exhale the day’s demands, and test your skills with a challenging but rewarding climb on the gym’s rock climbing wall.
RUSH Condos’ cooly contemporary lobby is characterized by swaths of marble and glass. Designed in a sleek, tonal palette of white, black and grey, it’s a gorgeous first impression.
What features and finishes does RUSH Condos have?
Choice of exposed concrete ceilings or painted white ceilings for non dropped ceiling areas.
Integrated fridge and dishwasher.
Stainless steel wall oven and induction cooktop.
Engineered quarts Kitchen countertop.
Integrated LED under cabinet lighting system in Kitchen.
Wide single plank designer-selected laminate flooring throughout suite except tiled areas.
Matte black finish faucets.
Modern white floating vanity cabinet(s) with integrated open towel shelf below
Custom vanity mirror
Upgraded kitchen soft close door and drawer system
About the Developer
At Alterra, they define urban living with their exceptionally high standards of construction, masterfully crafting buildings that go on to define the neighbourhood.
With 1000’s of homes and award-winning condominiums to their name, Alterra has established a reputation for building, managing and creating legendary communities across the Greater Toronto Area and Golden Horseshoe.
Their deeply-held commitment to building thriving communities trickles down into every detail, from selecting materials to curating the surrounding commercial developments. Managed entirely by their own team, Alterra has complete control over the quality and delivery of their projects from start to finish.
They’ve been earning the trust of their homeowners for over 40 years.
RUSH 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.