The New Lawrence Heights
The New Lawrence Heights is a pre-construction townhome development by Metropia and Context coming to Ranee Avenue in Toronto, ON.
About The New Lawrence Heights
The New Lawrence Heights introduces a 100 acre master planned transformation in the heart of central Toronto.
CONTEMPORARY TOWNHOMES COMING SOON TO AN AMAZING NORTH TORONTO LOCATION
Welcome to The New Lawrence Heights.
Known for its beautiful historic neighbourhoods, excellent amenities and convenient location, North Toronto is one of the GTA’s most sought after places to call home.
It’s an area known for its beautiful homes, prestigious clubs and celebrated public and private schools. Now, adjacent to the world-renowned Yorkdale Shopping Centre, we’re excited to introduce a new collection of prestige townhomes just moments from the best that North Toronto has to offer.
The New Lawrence Heights is a 100 acre transformation currently underway that will bring 5,000 new homes to this convenient North Toronto location.
3, 4 & 5 Bedroom Towns With 2-Car Parking starting from $909,900.
The New Lawrence Heights Details
|Developer||Metropia and Context|
|Address||Ranee Avenue, Toronto|
|Number of Storeys||3|
|Number of Units||224|
|Maintenance Fees||$147.95 – $199.95 per month|
|Priced From||$909,900 to over $1,149,900|
The New Lawrence Heights Location
In The New Lawrence Heights the province, the city and developers are coming together to build on the present, creating homes and community spaces that current and future residents will be proud to call home. Click below to start exploring the neighbourhood.
NORTH TORONTO HAS IT ALL IN REAL ESTATE, WE ALL KNOW THE OLD SAYING THAT LOCATION IS EVERYTHING
Well, this is particularly true at The New Lawrence Heights. This community’s exciting new townhome and condominium residences will put homeowners in the perfect position to enjoy all of the amazing lifestyle amenities of North Toronto that are close at hand here.
Known for its beautiful historic neighbourhoods, excellent amenities and convenient location, North Toronto is one of the GTA’s most sought-after places to call home.
Surrounded by Blythwood Ravine Park, Bedford Park, Wanless Park, Ledbury Park and Lawrence Park, you’ll always be able to find beautiful natural spaces and community facilities to meet your needs.
Granite Club at The New Lawrence Heights.
When it comes to more modern pleasures, excellent shopping, dining and entertainment can all be found nearby. Whether it’s the 240+ shops and restaurants at Yorkdale Shopping Centre right next door, or popular destinations at great North Toronto locations like Yonge Street, Lawrence and Avenue Road, there’s plenty to explore when you live here.
There are many wonderful public spaces and services available throughout North Toronto such as Lawrence Park Library, Barbara Frum Library and Baycrest Hospital. There are also exclusive members-only recreation destinations such as The Granite Club, Rosedale Golf Club and Toronto Cricket, Skating and Curling Club.
Excellent public schools can be found throughout the area, as well as some of the most prized private schools in the region, including Havergal College, The Crescent School, Toronto French School and more.
Of course, this is all in addition to the highly anticipated new parklands, community and recreation facilities that are coming to The New Lawrence Heights.
When you put all this together, you really do have one of the city’s most exciting places to call home!
About the Developer
Metropia is a privately owned and highly respected real estate developer creating authentic communities in both the Greater Toronto Area and Calgary. Metropia focuses on community building, urban renewal and design innovation. Our communities offer a wide range of housing options with an emphasis on affordability and an abiding responsibility to the environment.
Context was formed in 1997 by Stephen Gross and Howard Cohen. Our company is focused on the development of mixed-use projects, condominiums and affordable rental housing in Toronto’s central neighbourhoods. We are pioneers in downtown intensification with buildings based on quality design, sustainability and innovative city planning.
The New Lawrence Heights 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.