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The One Condos

About The One Condos

The One by Mizrahi Developments will be located at 1 Bloor Street West at the southwest corner of Yonge and Bloor Streets in downtown Toronto. It is set to be Canada’s tallest residential tower at 85 storeys tall, and it will encompass 416 units, which range from 591 to 8,000 square feet.

The One Condos Details

Developer Mizrahi Developments
Address One Bloor West
Neighbourhood Yonge & Bloor
Number of Storeys 80
Number of Units 416
Occupancy Date Winter/Spring 2023
Maintenance Fees $0.93 Per SqFt per Month
Priced From $1,514,900 to over $13,149,900

The One Condos Location

Few addresses are as iconic 1 Bloor Street West. The One is in the heart of it all, where the Yonge and Bloor subway lines cross and the world’s longest street meets a stretch of Bloor so affluent it is known as The Mink Mile (and with good reason). The stretch of Bloor that runs from Yonge to Avenue Road has been ranked the 22nd most expensive street in the world and counts among its commercial tenants brands such as Prada, Chanel, and Holt Renfrew.

On the western edge of Yorkville, The One puts residents just steps away from mass transit and some of the city’s finest shops, cafes, galleries, museums, and restaurants. Consider the address’ literally perfect Walk Score of 100. It’s Transit Score is not far behind at 97, and the recently installed Bloor bike lanes aren’t far away.

The One is poised to be a record-breaking tower in terms of height, and in terms of views, it overlooks several well-known and historic parts of Toronto: leafy Rosedale to the north, the green Don Valley to the east, Lake Ontario to the south, and, of course, Yorkville to the west.

The tower’s innovative exoskeleton design has allowed for the installation of large windows that are uninterrupted by the columns found in traditionally constructed condos. By putting the supports on the outside of the building, many residences at The One are able to have a Sky Bench running right up against the glass along the perimeter of the living space.

The One Condos Podcast Episode

The One Condos Amenities

Just like The One, with its dramatic exoskeleton facade, will stand out from the rest of the Toronto skyline, even its most basic amenities set it apart from other condo projects. The lobby is placed on the sixth floor, offering vibrant views of the busy Yonge and Bloor intersection. The Sky Lobby, as it’s called, provides a connection to a garden terrace and fitness facility.

Some outdoor spaces aren’t much use during Canadian winters, but The One’s green terrace is heated all year and boasts snow-melting technology, making it a year-round amenity. Seats in the sun and the shade are going to be surrounded by fine landscaping to establish an urban oasis, one that has a heated infinity pool running along the full length of its southern edge. On the seventh floor you’ll find the fitness centre complete with a spin studio, quiet yoga rooms as well as private treatment rooms. The treatment rooms can be booked for treatments such as a massage, manicure or facial.

Below, the third floor of the tower’s podium is anticipated to house a selection of top-class restaurants that will deliver and cater to The One’s shared amenity spaces as well as private residences. In terms of parking, The One is also a step above. Full valet service is offered, so residents won’t have to navigate the parking lot. Need help carrying your bags or packages up to your unit? The uniformed valets can help with this, too. To retrieve your car, you can notify the valets by using The One app, which basically turns your phone into a fob, thermostat, and more. The valet service is one of the perks of living in a condo tower that contains a 10-floor boutique luxury hotel accessible by a separate entrance.

The One Condos Features and Finishes

Expect fine finishes at The One. All kitchens come with the latest Miele appliances, and the bathrooms boast marble floors and counters, as well as Kohler fixtures. Interiors are traced with an elegant colour pallet of bronze, pewter and champagne. Beyond a broad range of unit sizes, Mizrahi Developments works with buyers so they can customize units to their own needs when possible.  

About the Developer

Sam Mizrahi founded Mizrahi Developments in 2008, and since then he has garnered a reputation for creating upscale condo apartments and townhomes. Simply put, the Toronto-bred entrepreneur does not deal in run-of-the-mill projects. In addition to the much-buzzed-about The One, Mizrahi’s company has been responsible for a number of lux developments across Ottawa and Toronto, including 181 Davenport Condos and 133 Hazelton. Mizrahi Developments is known for favouring higher-end finishes inside and out, and the industry has taken notice. It should come as no surprise that The One is a finalist for Best High-Rise Building Design at the 2018 BILD Awards. For the project, Sam Mizrahi brought in the acclaimed British architecture firm  Foster + Partners, exactly the kind of world-class move people have come to expect from the developer.

The One 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

  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?

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:

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

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:

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?

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.

(416) 371-2333

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