Yonge City Square Residences
Yonge City Square Residences is a new condo in Toronto developed by The Gupta Group currently in pre-construction at 4050 Yonge Street, Toronto, ON.
| Developer | The Gupta Group |
| Address | 4050 Yonge Street, Toronto |
| Neighbourhood | North York |
| Number of Storeys | 28 |
| Number of Units | 526 |
| Occupancy Date | 2027 |
| Maintenance Fees | TBA |
| Priced From | from $614,000 |
About Yonge City Square Residences
Introducing Yonge City Square – the first new condominium in the Hoggs Hollow neighbourhood in 20 years. An urban luxury community featuring two modern high-rises grounded by exciting retail, ideally located at Yonge and York Mills. Inside, experience stunning spaces, enviable amenities, and thoughtfully designed spacious suites ideal for modern urban living. Outside, your neighbourhood is defined by urban energy, beautifully balanced by nature, as well as a vibrantly diverse culture – all with direct access to the subway and GO transit, taking you anywhere in the city. So much more than a location, it’s a lifestyle that’s perfectly designed for you.Introducing Yonge City Square – the first new condominium in the Hoggs Hollow neighbourhood in 20 years. An urban luxury community featuring two modern high-rises grounded by exciting retail, ideally located at Yonge and York Mills. Inside, experience stunning spaces, enviable amenities, and thoughtfully designed spacious suites ideal for modern urban living. Outside, your neighbourhood is defined by urban energy, beautifully balanced by nature, as well as a vibrantly diverse culture – all with direct access to the subway and GO transit, taking you anywhere in the city. So much more than a location, it’s a lifestyle that’s perfectly designed for you.
Yonge City Square Residences Location
PERFECTLY LOCATED
On Yonge St at York Mills Station
Perfectly poised on the edge of Hoggs Hollow, amongst Toronto’s most sought-after neighbourhoods, the likes of the Bedford Park, Bayview Village, Lawrence Park, Willowdale, and the Bridle Path. Celebrating its own unique cachet, embrace a plethora of parks, trails, and leisure activities, such as the Don Valley Golf Course, Toronto Cricket Skating and Curling Club, and nearby tennis courts, as well as diverse culture and entertainment all just moments away.
PERFECTLY CONNECTED
To North York & Downtown Toronto
With direct access to York Mills station and just seconds from HWY 401, connecting to anywhere in the city has never been easier. Shoppers will delight in a world of retail and dining options, including popular malls such as the Yonge Sheppard Centre, Bayview Village, Yorkdale, and Fairview. Connect to the celebration of community, arts, and culture at North York’s Mel Lastman Square and the Meridian Arts Centre, home to world class music and theatre. Plus, living just steps to the Yonge-University subway line gets you downtown to an entire other world of possibilities.
PERFECTLY DESIGNED
To your Modern Urban Lifestyle
Rising 28 and 14-storeys high, these two stunning towers are the newest icon to adorn the Yonge and York Mills skyline. Live in thoughtfully designed spacious suites with oversized balconies, enjoy the convenience of retail at the base, and experience premium amenities such as an outdoor swimming pool, rooftop terrace, party room, and multiple individual golf simulator pods.
4050 Yonge Street
Very Walkable
About the Developer
The Gupta Group
With its deep roots in the hotel industry, the Gupta Group has brought its extensive hospitality experience to the condominium market. We strive to make your visit to our hotels memorable. We aim to give you the same experience through our condos and residential projects.
Yonge City Square Residences 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.
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:
https://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:
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.
