The Addison Condos
The Addison Condos is a new condo in Toronto developed by Adi Development Group currently in pre-construction at 135 Portland Street, Toronto, ON.
|Developer||Adi Development Group|
|Address||135 Portland Street, Toronto|
|Number of Storeys||16|
|Number of Units||129|
About The Addison Condos
The Addison Condos is a New Condo development by ADI Development Group located at Portland St & Richmond St W, Toronto.
This stylish new mixed-use building will feature condominium suites, retail and office space, all while incorporating the stylish and historical architecture of the Fashion District. Therefore, a perfect place for downtown, waterfront living for young professionals, families, and students alike.
THIS IS WHAT HOME LOOKS LIKE.
The Addison is a new condo development by ADI Development Group. The building will feature 16 stories and 129 suites, including 1 bedrooms, 1 bedroom + dens, 2 bedrooms and larger. The Addison is walking distance to big box stores such as Winners and Loblaws, and nearby many restaurants alongside Portland St and Adelaide. The development will also have easy access to the King St West TTC Streetcar which will take you along King St West to other neighbourhoods in the city. The Addison will be located on 135 Portland Street in the Fashion District neighbourhood in Toronto.
The Addison Condos Location
Set between the historically chic Fashion District, the culturally rich Chinatown, the Entertainment District, and Old Toronto, 135 Portland is close to just about everything in the city. Groceries, entertainment, clothes and just about anything else you could ever want or need are within minutes walk. Pedestrians can walk all of Downtown’s beautiful, tree-laden sidewalks and pedestrian streets, but those looking to take shelter from the cold during the winter have the option of taking Toronto’s PATH Underground, a series of underground pedestrian tunnels, skyways and walkways. rom here, travellers, commuters and explorers alike have seemingly unlimited options.
- Walk Score of 99 out of 100
- Transit Score of 100 out of 100
- Close to Gardiner Expressway
- Short commute time to U of T
- Supermarket at the door steps
- Many retail shops nearby the site
- 5-star luxury restaurants along the street
- Close to Subway Station and Public transit
- Nearby parks such as Carr Street Parkette, Victoria Square Park and Alexandra Park
About the Developer
The Addison Condos
From real estate investment, to planning, design, building and management, the Adi Development team takes pride in bringing passion and energy to every step of the development process. It’s a philosophy that continues to drive our residential real estate and commercial real estate development endeavors throughout the Greater Toronto Area (GTA).
The Addison 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.