The Davis Condos
The Davis Condos is a new pre-construction condo development by The Rose Corporation coming to 165 Deerfield Road in Newmarket, ON.
About The Davis Condos
Welcome to The Davis Condos. An inspired condominium coming this spring to Davis Drive, walking distance from everything great about Uptown Newmarket.
The Davis Condos is a masterplanned, modern condominium community with three towers rising above a beautifully landscaped courtyard. Sleek and sophisticated urban design with spacious, livable suite layouts ranging from 1-bedroom to 3-bedroom suites and a host of lifestyle amenities.
At The Davis Condos you can experience life on your own terms. A place where you can do everything you want without worrying about upkeep. Enjoy the pleasure of staying fit and healthy, hosting a party for friends and family or relaxing on a rooftop overlooking nature. You can do all of this and more with the spectacular array of amenities at The Davis Condos. If you love the energy and vibrancy of an uptown address, then you want to call this home.
– Beautifully landscaped courtyard and grounds
– Sleek, modern, upscale lobby and lounge
– State-of-the-art fitness centre and yoga studio
– Elegantly appointed party room with kitchen
– Furnished guest suites for your out-of-town friends
– Spectacular, landscaped rooftop terrace
– Pet spa, bike racks and so much more!
The Davis Condos is Newmarket’s Only New Condo.
4.4-acre development site in the heart of Newmarket’s Urban Centre is currently home to a large industrial complex and is adjacent to the 212 Davis Drive project. Current design includes 3 towers containing roughly 500 units which may be comprised of both purpose built rental apartments and condominiums. Designed by RAW Design.
The Davis Condos Details
|Developer||The Rose Corporation|
|Address||175 Deerfield Road, Newmarket|
|Number of Storeys||TBA|
|Number of Units||500|
|Occupancy Date||Fall 2022|
|Maintenance Fees||$0.49 per sq/ft|
|Priced From||$400,000s to the upper $800,000s|
The Davis Condos Location
The Davis Condos will be located at 175 Deerfield Road, just south of Davis Drive, in Newmarket, ON.
It’s time for Newmarket to welcome its first new condo in 30 years. Presenting The Davis Condos.
The Davis Condos is a beautiful place, with just the right amenities, and it’s walking distance from everything important to you right now. Walk to nearby shops, restaurants, GO Transit, LRT and more. A carefree lifestyle that you’re ready for. Welcome home.
You want a life that’s full of things to do and walking distance away. Somewhere with energy; near restaurants. And you want to have fun. Somewhere you can catch a movie, or catch the GO Train downtown. Your place has to be beautiful. It has to be the right price. And it has to be somewhere on the way up. That’s what you see in The Davis Condos.
About the Developer
THE ROSE CORPORATION
Rose is a boutique real estate development and asset management firm which develops more than just real estate. With sensibility, selectivity and passion, Rose applies deep knowledge, prudent entrepreneurship and strong relationships to its investments.
Where others see risk, Rose distinguishes between risks. Where others work with formulas, Rose delves into the subtle nuances and unique characteristics which make all the difference. When the masses chase trends, Rose finds the little obvious gaps others missed, and then develops them. Rose has the knowledge.
It’s not just an equity or debt investment. It’s an opportunity to bring a vision into reality. With a rigorous due diligence, underwriting and asset management process, Rose distinguishes itself as a partner helping mitigate risk and sharing value. Rose is invested.
With entrepreneurial roots reaching back to 1982, investments extend throughout North America. Though primarily focused on real estate, investments have been made in other industries including automotive, clean energy, event rentals and food catering, among others. . Rose strives to create.
The Davis 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.