Tricycle Condos is a pre-construction condo development by Lash Group of Companies coming to 1151 Markham Road in Toronto, ON.
About Tricycle Condos
Tricycle Condos is a third phase pre-construction condo development by Lash Group of Companies coming to 1151 Markham Road in Toronto, ON.
Tricycle Condos will consist of 144 units and stand 14 storeys tall.
Tricycle Condos Details
|Address||1151 Markham Road, Toronto|
|Number of Storeys||14|
|Number of Units||144|
|Occupancy Date||November 2022|
|Maintenance Fees||$0.58 per sq ft|
|Priced From||$419,990 to over $904,990|
Tricycle Condos Location
Tricycle Condos will be located at 1151 Markham Road at the south west corner of Markham Road and Ellesmere Road in Scarborough of Toronto, ON.
Get on the Highway 401 in less than 5 minutes.
Close to McCowan TTC Subway Station as well as the Scarborough Town Centre.
Tricycle Condos Features & Finishes
– Ceiling height of approximately 9 feet in principal rooms excluding mechanical system bulkheads
– Designer-detailed fire-rated solid core wood suite entry door with contemporary hardware and security viewer
– Interior designer paint grade doors
– Stylishly- designed painted baseboards and casings
– Sophisticated smooth ceilings throughout suite
– Floor to ceiling low-e argon gas filled windows**
– Sliding or swing doors to balcony or terrace**
– White paint finish throughout
– Stacked Washer/Dryer vented to exterior
– Stainless steel appliance package includes refrigerator, stove, dishwasher and over the range microwave oven with built-in hood fan.
– Wide plank laminate floating floor in kitchen, living room, dining room, den, foyer, hallways, and bedrooms.*-Tile in bathroom (s)* and laundry closet/room
About the Developer
LASH GROUP OF COMPANIES
For the past six decades, the Lash Group of Companies has been a leader in the development, construction, sales and management of condominium residences, rental and retirement communities, retail, commercial and industrial space. We understand the qualities required to build projects of lasting value: integrity, inspiration, and craftsmanship, backed by a commitment to new thinking in everything we do. Our leadership team is second to none with the experience and vision to surpass your expectations.
Tricycle 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.