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The Founders Residences

The Founders Residences Exterior Residences True Condos

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The Founders Residences Exterior Residences True Condos

Welcome to the The Founders Residences project page. This is your ultimate resource for getting all the details on The Founders Residences including prices and floor plans. When you’re ready, you can reserve your The Founders Residences unit right here by clicking the green “Reserve Your Unit” button below.

About The Founders Residences 

The Founders Residences – Westboro is destined to become the most desirable seniors rental apartment in the region offering optional care and support currently unavailable in the community. By registering now, you can be the first to receive pricing, floor plans and a complete package outlining this unique opportunity.

Rapidly expanding demand for seniors housing supports this unique opportunity for purchasers to access The Founders Residences, a senior’s condominium development located in Westboro; a high-end neighbourhood in Ottawa, Ontario.

The Founders Residences Details

Developer The Founders Residences LP
Address 1705 Carling Avenue, Ottawa, ON
Neighbourhood Ottawa
Number of Storeys 9
Number of Units 198
Occupancy Date 2021
Maintenance Fees TBA
Priced From $289,900 to $499,000

The Founders Residences Location

The Founders Residences will be located at 1705 Carling Avenue in Ottawa. Westboro is an established, high-end neighbourhood in West Ottawa bordered on the east by Island Park Drive and the west by Woodroffe Avenue. The Southern border stretches up to Carling Avenue while the northernmost point borders on the scenic Ottawa River which is home to kilometres of walking and cycling paths.

Westboro is a thriving community with a mix of single family homes, condominiums, and boutique retail shops. In the last few years, the announcement of several residential condominium projects are encouraging densification and promising to bring more residents to the area.

The neighbourhood boasts a concentration of outdoors and sport stores including Mountain Equipment Co-op, Lululemon, and Trailhead. Boutiques, restaurants and coffee shops line the streets and have helped turn Westboro into one of the most trendy and in-demand neighbourhoods in the city.

1705 Carling Avenue

Very Walkable

Explore Kitchissippi on Walk Score

The Founders Residences Amenities

The Founders Residences will include “Resort Style Amenities” that will offer personalized support in an environment designed to engage, envigour and inspire residents. Healthy active living will be the daily mission of our professionally trained staff to enhance our resident’s quality of life.

Some of the ground floor amenities include:

  • Grand Lobby and Lounge
  • Elegant Dining Room
  • Private Dining Room
  • Cafe/Bistro
  • Games Room and Pub
  • Wine Bar with Piano
  • Fitness Centre
  • Theatre and Chapel
  • Massage Room
  • Pet Spa
  • Rooftop Terrace
  • Tea Room – Art and Crafts – Gardening Centre
  • Walking paths and Landscaped Pong
  • Indoor Pool
  • Spa
The Founders Residences Lobby True Condos
The Founders Residences Pool True Condos
The Founders Residences Rooftop True Condos

The Founders Residences Features and Finishes 

Suites interiors at the Founders Residences will include the following features and finishes:

  • Spacious Floor Plans
  • Balconies (as noted on plans)
  • Wi-Fi
  • Individually Controlled Heat and Air
  • Fully Sprinklered
  • Hard Wired Smoke and CO2 Sensors
  • Ensuite Laundry
  • Full Appliance Package
  • Surveillance Cameras in Public Spaces
  • High Ceilings
  • Pre-Wired for Cable and Telephone
  • Fully Accessible Bathrooms
  • Walk-In Showers
The Founders Residences Interior True Condos

About the Developers

THE FOUNDERS RESIDENCES

The Founders Residences is a vision of a like minded group of seniors housing professionals who wish to offer a more refined residential environment sensitive to the needs of residents and their families.

One’s retirement years should be their most enjoyable and that begins with a comfortable environment. To that end our residents will enjoy all the comforts of a residential condominium while maintaining an independent lifestyle with the service, security and support of a specialized supportive environment.

We have assembled the most qualified industry professionals to ensure The Founders community is the finest of its kind from design and construction to day-to-day management. The Founders Residences will quickly become the new standard by which all other seniors’ residences are measured.

The Founders Residences True Condos

The Founders Residences Frequently Asked Questions

How do I reserve a unit in this project?

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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?

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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”?

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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?

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Working with me as your Platinum agent gives you several benefits

  1. You get the highest level of access in the building
  2. You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
  3. The best possible incentives
  4. 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.
  5. Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
  6. My services to you as a buyer are free

Do I get a cooling off period? What is it for?

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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?

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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?

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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?

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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:

http://www.truecondos.com/tag/hst-rebates/

Contact me for more details.

What are my closing costs on a pre-construction condo?

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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:

http://truecondos.com/5-things-to-know-about-closing-costs-when-investing-in-a-pre-construction-condo/

 

Contact me for more details

Are there any ‘hidden’ costs when buying a pre-construction condo?

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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?

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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.

(416) 371-2333