Selling
New Preconstruction Presto Towns – Available Under Resale
Property Description
Presto Towns is a modern townhouse community located at 165 Tapscott Road in Toronto’s Scarborough district. Originally launched as a pre-construction development by Ambria Homes, the project has now completely sold out, and buyers interested in this community must explore resale townhomes in the area.
Completed around 2023, Presto Towns introduced a contemporary collection of townhouses designed for urban living while maintaining the comfort of a residential neighbourhood. The development consists of 298 units, including both stacked and back-to-back townhomes, with suite sizes ranging from approximately 751 to 1,282 square feet.
The homes were designed with modern layouts featuring open-concept living spaces, large windows, contemporary kitchens, and private outdoor areas such as balconies and terraces. Many units also benefit from underground parking and thoughtfully planned community spaces.
Because the original builder inventory is now sold out, homebuyers can still find opportunities through resale listings in Presto Towns and nearby Scarborough townhouse communities.
Amenities and Community Features
Presto Towns was designed as a thoughtfully planned residential community combining style, comfort, and convenience. The development includes multiple blocks of three-storey townhomes arranged throughout the site, creating a cohesive and contemporary neighbourhood environment.
The community features stacked townhouses and back-to-back townhomes, many of which offer open-concept layouts ideal for modern lifestyles. Interiors typically include designer kitchens with granite countertops, stylish cabinetry, stainless steel appliances, and functional breakfast bars or kitchen islands depending on the layout.
Living spaces were designed with 9-foot ceilings and large windows, allowing natural light to flow throughout the homes. Bedrooms offer comfortable layouts with quality carpeting and generous storage space, while bathrooms feature modern cabinetry, ceramic tile flooring, and elegant fixtures.
Residents also benefit from the development’s underground parking garage, which provides convenient parking for both residents and visitors along with bicycle storage spaces.
Today, buyers looking for homes in this community can find similar layouts and features through resale townhomes within Presto Towns or nearby Scarborough developments.
Location and Neighbourhood
Presto Towns is located in Scarborough’s Malvern neighbourhood, a well-established residential community in Toronto known for its convenient access to amenities, parks, and transit options.
The development sits near Tapscott Road and McLevin Avenue, just north of Highway 401, providing residents with excellent connectivity to major highways including the DVP and Highway 404. This allows commuters to easily travel throughout Toronto and the Greater Toronto Area.
Public transit is also easily accessible, with TTC bus routes located just steps from the community, connecting residents to major transit hubs such as Scarborough Town Centre.
The neighbourhood offers a wide range of nearby amenities including Malvern Mall, grocery stores, restaurants, retail shops, and everyday services. Residents are also close to important institutions such as Centennial College, the University of Toronto Scarborough campus, and Centenary Hospital, making the area attractive for both students and professionals.
For outdoor recreation, residents can explore nearby natural attractions including the Toronto Zoo and Rouge National Urban Park, which provide hiking trails, green spaces, and scenic outdoor experiences.
With its combination of convenience, accessibility, and modern housing, Presto Towns remains a desirable place to live in Scarborough. While the original development has sold out, buyers can still discover resale townhomes in Presto Towns and surrounding Toronto communities.
Resale Scarborough Homes for Sale
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In Your Best Interest – Start Smart with RE/MAX Team Paliwal
Before you step into any new home or condo sales centre, make sure you’re accompanied by a REALTOR® from RE/MAX Team Paliwal—especially on your first visit.
As builder-preferred agents, we’re paid directly by the builder, but we work exclusively for you—at absolutely no cost to you.
Why is this important?
Builder sales staff represent the builder, not you. That means important terms, hidden conditions, or missed incentives could slip through—costing you time and money.
With us by your side, you gain:
- Expert guidance throughout the selection and purchase process
- Negotiation power to secure the best price and terms
- Early VIP access to pricing, floor plans, and builder incentives
- Referrals to trusted professionals—top lawyers, lenders & banks
We’re independent REALTORS® with RE/MAX Realty Specialists Inc., Brokerage—your advisors, advocates, and partners in the journey.
Note: This service is offered to buyers not currently under contract with another REALTOR®.
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
- You get the highest level of access in the building or in the new home project.
- You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
- The best possible incentives and terms.
- 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 agent and investor since 2007.
- Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
- 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 months 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.
