Society Condos is a condo located at 1235 Richmond Street in London, ON, positioned for young professionals with an estimated ROI up to 38% for investors.
About Society Condos
Society Condos is perfectly located between the London business centre and the entertainment district and the largest shopping centre in London. Society Condos is the #1 location for young professionals to call home. The now iconic building rises 19 stories high and features 311 contemporary suites offering residents breathtaking views of the surrounding parks and stunning Western campus.
Society Condos Details
|Address||1235 Richmond Street|
|Number of Storeys||19|
|Number of Units||311|
|Maintenance Fees||$0.33/Sq.ft per Month|
|Priced From||$399,000’s to $600,000’s|
Society Condos Location
MOVIE THEATRES, CAFÉS, RESTAURANTS, SHOPPING, AND NIGHTLIFE – ALL JUST MINUTES AWAY FROM SOCIETY CONDOS.
Residents have a wide variety of entertainment options to choose from, all within 10 minutes of Society Condos. Venues include Cineplex Movie Theatre, London Music Hall and Budweiser Gardens.
Some of London’s best restaurants, bars, and other nightlife are conveniently located up the street from Society along Richmond Row.
Just outside the front doors of Society Condos is Ross Park and the Thames River; two iconic green spaces in the city of London.
Heading up the street from Society towards Fanshawe Parkway is Cadillac Fairview Masonville Place. The newly renovated Mall offers over 150 stores to shop from and multiple restaurants and cafes.
Nearby Society Condos
• 2 km to Masonville Mall, groceries, restaurants & more.
• Located on the main transit corridor with a bus stop outside the front doors of Society.
• 5-minute walk to the main gates of Western University.
• Less than 7-minute drive to London’s vibrant downtown.
Society Condos Amenities
EXPERIENCE THE SOCIETY CONDOS LIFESTYLE.
With world-class amenities, Society Condos enables residents to work, rest and play all in the comfort of their home.
The Fitness Centre, open 24/7, allows residents to experience top of the line workouts with state-of-the-art cardio and weight equipment.
A signature amenity to Society Condos; the movie theatre seats over 40 residents and is equipped with video on demand capabilities featuring over 1000 movies.
Located inside the Fitness Centre is a glassed-in Yoga Studio. Outfitted with complimentary yoga mats and Bosu Balls for residents’ convenience, this amenity is the perfect space to find their Zen.
Residents can enjoy a spa-like experience right at home in the two cedar saunas located in the women’s and men’s change rooms.
Located on the 18th floor and overlooking both Western University and Ross Park, the rooftop patio at Society Condos is a beautiful place for residences to socialize and relax on a warm spring day.
Society’s signature whirlpool is custom designed with ultimate relaxation in mind.
Society Condos Features and Finishes
Spacious living rooms finished with custom millwork, and centered around views of Western University and Ross Park; provide residents with a place that truly feels like a home away from home.
Each room features floor to ceiling windows allowing a cascade of natural light to flow in, creating the perfect environment to focus.
Society Condos’ suites provide residents with beautifully appointed bedrooms featuring a stunning walk-in closet and ensuite washroom.
Each kitchen features upgraded finishes & features, including stainless steel appliances & granite countertops.
Society Condos – In-suite Features
• Energy Star appliances
• LED lighting throughout
• Soft close kitchen drawers
• Granite countertop and backsplash
• Glass shower and custom vanity
• Custom built-in TV wall unit
• Custom Millwork throughout
• Spacious bedrooms
• Walk-in closets
• Ensuite bathrooms
• Open concept Kitchen/living space
Society 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.