Property Description

New Preconstruction Condominiums Promenade Park Towers
Coming soon to
1 Promenade Circle, Thornhill, ON
Prices starting at $866,900

 Promenade Park Towers is a new condo development currently in preconstruction at 1 Promenade Cir, Thornhill, ON. The development is scheduled for completion in 2023. Sales for available units range in price from $866,900. Promenade Park Towers has a total of 428 units. Sizes range from 482 to 1431 square feet.

There’s an urban new vibe at Bathurst and Centre Streets, and Promenade Park Towers is leading it with two glass towers that fan flirtingly outwards, creating a commanding statement in the sky. This new condo development project will be built in a series of phases. The first phase, in and of itself, is going to be a substantial project that will consist of two residential towers that are expected to be completed in 2023 and have a total of 700 residential units.

The two towers will rise out of a shared 7 storey podium, where they will reach up to 35 and 30 storeys high. These first two towers will have over 700 units – Tower A will have 428 units and Tower B 300 units, which will be divided into one-bedroom condos, two-bedroom condos, and three-bedroom condos. The unite suite sizes will be ranging from 482 sq.ft to 1431 sq.ft.

Watch floor plans for this Urban Townhomes in Toronto 

AMENITIES

The Promenade Mall will preserve most of its’ current structure while also developing more retail space, with almost 170,000 sq ft of brand new retail space to be unveiled after Phase 1. The former Sears store will transform into a refined retail and amenity space, composed of a 6-storey podium to be shared by two of the three residential towers.

Major improvements are planned to create a striking, spacious pedestrian area. Enter the mall through a beautiful gateway, or take a stroll through the landscaped, tree-lined pedestrian walkway. A planned stunning open-air amphitheatre sets the stage for local festivals and events.

Head out back to access the private outdoor green roof terrace. Play fetch with your pooch or enjoy a leisurely picnic lunch. Or, just settle down with a hot-off-the-press book while the little ones roam free in the children’s play area. Find everything you need to stay in top form in the light-filled exercise room and yoga studio: state-of-the-art cardio machines, strength training, and extra space to roll out your yoga mat. 

The first floor features a show-stopping lobby with a 24-hour concierge, an ultra-connected study lounge and a high-tech cyber lounge. You’ll find even more fun and convenience here with the party room, private dining room with kitchen, billiards room, media/game room, an additional pet wash and even a golf simulator.

For residents who need to commute, also have plenty of options in travelling around the area. For public transit users, this community will only be a short trip to Finch Station, which will connect passengers to the Toronto Subway System. Finch can be reached in a 15-minute bus ride or drive.

If you use a car to get to work, you’re in luck! This is because the Promenade Mall is at the centre of many of the city’s arterial highways. To the east, drivers can conveniently connect to Highway 404, which also turns into the Don Valley Parkway. This acts as one of the primary gateways into the city of Toronto, and also links to the Gardiner Expressway, which cuts across the city’s waterfront. You can also take Highway 401 from here. 

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FEATURES & FINISHES

Contemporary styled suites come in smart open-concept plans, with balconies or terraces, and designer accents at every turn. Nights in will feel ultra-decadent, lazy weekends will be something you actually schedule.

CONTEMPORARY SUITE

• Solid core entry door with brushed nickel hardware and painted finish.
• Contemporary interior doors with brushed nickel lever hardware.
• Mirrored sliding closet doors in foyer, where applicable.
• Contemporary white 4” baseboards and 2 1⁄4” trim casings.
• White smooth ceilings throughout the unit.
• Interior walls painted with two coats of flat latex paint (kitchen, bathroom(s), all interior doors and all trim painted with semi-gloss latex paint). 
• Glass and rail treatment on balconies.
• 6’ High privacy screen dividing balcony and terrace where applicable 
• Stacking electric washer/dryer (white) vented to exterior.
• 9’ ceilings on residential levels 

Register Now to get access to the VIP Prices and Floor Plans of  Exclusive Low maintenance Fee for these Luxury Condominiums in Vaughan, ON. Please click here and fill out the form and we will send you more info as soon as possible.

If You Are A First Time Home Buyer in Ontario, Canada, You May Like To Attend Our In Person Class / Seminar For First Time Home Buyers In RE/MAX Mississauga Office Near Square One.

Is this Not the right location, city and type of house you are looking for? No problem, We may certainly find your dream home: Click here and fill out the “My Dream Home search in Mississauga ” form and we will get back to you with relevant information.

We strongly recommend you as the buyers to be accompanied by a RE/MAX Team Paliwal REALTOR® on the first time when entering a New Home/ Condo sales centre. We as builder’s preferred agents get paid a small fee by the builders BUT our services are absolutely free for you. While on the other hand if you go directly – the sales staff at builder sales centre is looking after the interest of builder – NOT you and they do not disclose many points those may not be in your best interest.  We as your agents will guide you through the selection and the purchase process and negotiate with the builder on your behalf, we will also recommend and introduce you to the top professionals such as lawyers and mortgage agents, Banks.

We are Independent Realtors, part of RE/MAX Realty Specialists inc., Brokerage. We do not represent the builder, we represent you! We gain first VIP Access, Pricing & Incentives to many pre-construction developments throughout the GTA. This offer is not available to Buyers currently working with a Realtor and is not intended to solicit buyers currently under contract.

All renderings, incentives, pricing are subject to terms & conditions and may change at any time without notice – see sales representatives for more details.

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

FAQs

How do I reserve a unit or lot in this project?

Click on “Request Information” – Fill out the form and send us, We will send you more details so that you may select the suites or Lots you are interested in.

What does it mean that RE/MAX Team Paliwal -Gyanesh Paliwal 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.

How does it benefit me as a buyer to work with RE/MAX Team Paliwal as my Platinum Agent?

Working with us as your Platinum agents give you several benefits

1. You get the highest level of access in the building or in the new home project.
2. You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
3. The best possible incentives and terms.
4. We the agents at RE/MAX Team Paliwal do not represent the builder. We represent you. You benefit from our expertise of being a top selling pre-construction agents and investors since 2007.
5. Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
6. Our 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 BUT only in case of high rise Condo units or Condo-Townhomes NOT when you buy Free Hold homes. 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, we 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 when you buy a Condo unit.

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 30 to 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that we may help you with. Contact us 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 no HST 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 later on, we may help you and guide you as to how you can apply to the CRA immediately to get this money back. It usually takes about 1 to 3 month to get your rebate back.

What are my closing costs on a pre-construction condo or house?

Closing costs on a pre-construction condo or house will always be much higher than buying similar property under resale or existing ones. The closing cost of a brand new house or Condo will depend on the actual purchase price of the unit/house you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit/house 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 or house.

Contact RE/MAX Team Paliwal  for more details

Are there any ‘hidden’ costs when buying a pre-construction condo unit or home in Greater Toronto, Canada?

No, there are no hidden fees when buying pre-construction condos or houses because all fees must be disclosed in the agreement of purchase and sale. All purchasers must 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 or house? How much is the assignment fee?

Most condo or house builders do allow you to sell your unit/lot or house before its occupancy by you. This process is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs may range from $1000-10,000. Contact us for more details.

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