Sugar Wharf 3 Condos
|Developer||Menkes Developments||Number of Units||1670|
|Address||95 Lake Shore Blvd E||Occupancy Date||2023|
|Number of Storeys||71||Priced From||TBA|
Sugar Wharf 3 Condos is a new condo in Toronto developed by Menkes Developments currently in pre-construction at 95 Lake Shore Boulevard, Toronto, ON.
About Sugar Wharf 3 Condos
Rising on the shore of Toronto’s waterfront, Sugar Wharf 3 Condos is a community of extraordinary proportions. Striking the perfect work-life balance, this exceptional development will be the future-forward ideal of today’s urban population seeks.
Home to 7,500 residents and 4,000 office workers once complete, this 11.5-acre community offers homes, offices, shops, restaurants, schools, daycare, parks, and more. Sugar Wharf 3 Condos is equally connected to the city as it is nature. Sugar Wharf 3 will revolutionize the way Torontonians live and work.
Sugar Wharf 3 Condos Location
Sugar Wharf 3 Condos is nestled on Toronto’s Waterfront where there’s everything you’ve been dreaming of. A place where work and life happily coexist. Sugar Wharf 3 is where homes, offices, shopping, restaurants, daycare, transit, schools and parks are rolled into one community. Sugar Wharf 3 Condos combines everything you love into the sweetest life you can imagine.
Sugar Wharf 3 Condos is at the centre of Toronto’s waterfront transformation that is set to define the future of the city. That said, with Sugar Wharf 3 Condos’ unbeatable location and proximity to transit, both residents and workers will be drawn to the amazing project. TTC, GO, and PATH is all within walking distance of the future master-planned community.
Sugar Wharf 3 Condos is in the centre of what makes Toronto one of the greatest cities in the world. World-renown events such as TIFF, Caribana, and Pride TO all take place within a short trip. As well, internationally recognized symphony, ballet, and opera companies along with stunning galleries and museums are all just outside your door at Sugar Wharf 3.
Sugar Wharf 3 Condos is located where the city and nature blend into one. Tranquil parks and public spaces along the beaches and boardwalks offer many options for outdoor activities. Located in the Waterfront neighbourhood, Sugar Wharf 3 is surrounded by more than 90 parks and public spaces to be enjoyed.
Nearby Sugar Wharf 3
• Sugar Beach Park
• Harbour Square Park
• Roundhouse Park
• Rogers Centre
• Scotiabank Arena
• Amsterdam Brewhouse
• Harbour 60; and much more.
About the Developer
Menkes continues to raise the standard for outstanding quality design and superior value as a fully integrated, multidisciplinary real estate development company.
Elegant family homes that exude character and charm; exclusive luxury condominiums infused with stunning amenities; and highly coveted office and industrial space, all set in prime locations.
Sugar Wharf 3 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:
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.