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Universal City Condos 3

Developer Chestnut Hill Developments Number of Units 359
Address 1474 Bayly Street Occupancy Date Nov 2023
Area Pickering Maint. Fees $0.60 psf/m
Number of Storeys 30 Priced From $420,900 to over $805,900
Universal City Condos 3 True Condos

Universal City Condos 3 is a new condo in Toronto developed by Chestnut Hill Developments currently in pre-construction at 1474 Bayly Street, Pickering, ON.

About Universal City Condos 3

After the tremendous sell-out of Tower One & Two, Universal City Condos 3 is ready for its exciting debut in this stunning, master-planned community.

Universal City Condos 3 is a contemporary high-rise tower that presents an exciting lifestyle in a growing location. The contemporary suites of Universal City Condos 3 is just minutes from shops, restaurants, entertainment and breathtaking parks and trails. A life of leisure and a life of luxury awaits at Universal City.

Universal City Condos 3 Location

As far as a master-planned location goes, Universal City Condos 3 is in a hot spot. Inside lush greenspace surrounds the sparkling towers, creating a boundary of privacy. Universal City Condos 3 is linked to the surrounding community and amenities yet self-contained with a small village feel.

Entertainment

A new destination for dining, shopping, and entertainment is coming soon to Pickering. DLIVE (Durham Live) will include a massive casino, hotel, film studio, theatre, waterpark, big-box retail, luxury stores, golf course, performance hall, and gourmet dining.

Universal City Condos 3 is just around the corner of the glimmering, 40-acre site connected directly to the Go Train, with over 330,000 sq.ft. of gaming space, 150,000 sq.ft of retail, a grand fountain, and a hotel.

Restaurants

Start every morning at Universal City Condos 3 with a caffeine fix from any one of the nearby Tims or a tea from Tifidin Tea. On weekends, pair a coffee with waffles, crepes, and sundaes at Spin Pickering. If you don’t feel like cooking, Big M is a quick drive-in retro burger joint just a few minutes down the road from Universal City Condos 3. Staying home with the family? Order in a pizza from any of the nearby restaurants Pizza Nova, Pizza Pino’s, Auntie’s, and more.

1474 Bayly Street

Somewhat Walkable

Explore Pickering on Walk Score

Recreation

Universal City Condos 3 is just north of  Lake Ontario’s Pickering shoreline. Nature and recreation unites along the walking trails and marina. Residents living at Universal City Condos 3 are steps awat from the 900 km waterfront trail that runs along the shores of Lake Ontario and the St. Lawrence River from Niagara-on-the-Lake all the way to Quebec.

Nearby Universal City Condos 3

• Durham Live (Coming Soon)
Pickering Town Centre
• Cineplex VIP
• Petro-Canada
• LCBO
• Starbucks
• Frenchman’s Bay/Waterfront
Pickering Playing Fields
• Riverside Golf Club

Universal City Condos 3 Amenities

Universal City Condos 3 makes a statement the moment you arrive. The hotel-inspired lobby invites a welcoming ambiance defined by luxurious furnishing and a first-class concierge. For additional convenience, just left of the lobby is a Boardroom for private meetings and the Pet Spa.

A state-of-the-art fitness centre with all the latest equipment allows you to bump up your workout at Universal City Condos 3. After, stretch your limits in a beautiful yoga studio and take in the Zen all around.

Universal City Condos 3 helps you escape every day and discover an oasis lush in pleasure atop the 7th floor. A luxurious lounge extends outdoors to a lavish terrace complete with cabanas, lounge chairs, and a stunning pool.

Luxurious lounges inspire occasions to relax, mix and mingle with new and old friends at Universal City Condos 3. Host an event or special occasion in the private dining room complete with a catering kitchen and bar to serve up the essentials for a good time. Other amenities include:

• Lobby/Concierge
• Meeting Room
• Gym and Yoga Studio
• Pet Spa
• Lounge
• Dining Area
• Tech Lounge
• Billiards Room
• Rooftop Terrace with Cabanas, Bar, BBQ area, and Pool

Universal City Condos 3 Features

Come home to thoughtfully designed, spacious suites that reinvent a new level of luxurious comfort at Universal City Condos 3. Urbane nuances blend with sophisticated design elements inside Universal City Condos 3 to inspire beautiful living. Stunning modern kitchens featuring stainless steel appliances create a wow factor, while a variety of suite sizes with up to three bedrooms and a den offer versatility to complement any lifestyle.

Universal City Condos 3 Interior

About the Developer

Chestnut Hill Developments

Chestnut Hill Developments has a history of creating outstanding homes in Pickering over the past ten years, thanks to their precise understanding of the needs and wants of the community. Chestnut Hill’s contributions to Pickering, Durham’s fastest-growing city, include Universal City Condos 1, 2, and 3 as well as San Francisco by the Bay. All of their communities include meticulous attention to detail, superior features, exciting amenities, and excellent craftsmanship.

Chestnut HIll Developments Developer Logo True Condos

Universal City Condos 3 FAQs

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.

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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.

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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/

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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

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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

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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.

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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.

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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:

https://truecondos.com/tag/hst-rebates/

Contact me for more details.

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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:

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

 

Contact me for more details

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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.

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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.

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(416) 371-2333

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