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Utopia Condos

Utopia Condos is a new condo in Beamsville developed by New Horizon Development Group in pre-construction at 5055 Greenlane, Beamsville, ON.

Address 5055 Greenlane, Lincoln, ON
Developer New Horizon Development Group Occupancy TBA
Area Niagara Region Deposit 15%
Storeys 6 Maint. Fees TBA
Units 276 Prices mid 200,000s

About Utopia Condos

It’s not a dream. It’s Utopia. Find yourself in the heart of Beamsville. Utopia Condos offers home buyers the virtual paradise they’ve been searching for.

Utopia Condos Location

Utopia offers wine country lovers vintage living with on-site modern building facilities. Plus, many other conveniences are just steps away:

  • Located beside the Sobey’s Plaza in Beamsville which includes a bank and a 24-hour fitness centre
  • The shores of Lake Ontario and a number of conservation areas are nearby, as is the QEW, with quick access to Stoney Creek, St. Catharines and Hamilton
  • Utopia will also be built across from the proposed future GO Station, making travel to Hamilton, the GTA, and Niagara Falls a breeze
  • Utopia Condos offers wine country lovers vintage living with on‑site modern building facilities. Plus, close proximity to stores, restaurants, wineries, and unparalleled green space along the UNESCO World Biosphere Reserve Niagara Escarpment
  • New Horizon is planning to make Utopia one of the greenest sustainable buildings in the Niagara Peninsula through a series of new environmental innovations including geothermal heating and cooling, rooftop solar panels, wiring for electric car chargers in the underground parking, and more, all contributing to a LEED Building Certification, and saving resources and money on utility costs for homeowners

5055 Greenlane

Car-Dependent

Explore Lincoln on Walk Score

Utopia Condos Amenities

Utopia Condos will rise six-storeys, featuring a U-shaped design with a private courtyard as its centerpiece. Utopia boasts a number of well appointed lifestyle amenities, including:

  • Sleek and sophisticated lobby
  • Party room with kitchenette
  • Workout room
  • 4th floor terrace
  • Bike storage
  • Convenient parcel delivery system

Utopia Condos Features

Modern vinyl plank flooring throughout living spaces.

Appliances installed in your suite:
• Stackable washer and dryer in white

All GE Brand or Equivalent and Stainless Steel:
• Fridge
• Glass-Top Stove
• Dishwasher
• Over the range microwave

About the Developer

New Horizon Development Group

Since 1993, New Horizon has continually proven itself to be a leader in building communities with picturesque settings, where savvy design and high quality craftsmanship provide convenience and comfort. Whether it be custom estates, planned neighbourhoods, or condo developments, New Horizon has been driven to redefine the buyer’s expectations for independent lifestyle in a town home or stylized condo; to new families looking for a loving home in a planned neighbourhood, to multi-million dollar custom estates for those who want to realize their dream home. Through creative foresight and superior construction, we are committed to building new developments that will benefit the community and provide our clients with the quality spaces and amenities to meet their current and evolving needs. Each home, community or condo is distinct – winning admiration among developers by redefining suburban and urban living for residents. New Horizon is continually trying to find ways to further enrich the communities where they develop. Ethical urban development not only means buying and contracting locally, but also ensuring the sustainability of urban planning. New Horizon’s dedicated team of builders and planners are committed to providing clients with questionable quality style and functionality.

Utopia Condos 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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