Property Description

New pre construction Detached Homes for sale
Coming soon to
2992 Sheppard Avenue East, Toronto, ON
Starting at $629,900

2992 Sheppard Avenue East Condos is a new condo community currently in preconstruction at 2992 Sheppard Avenue East, Toronto. The community is scheduled for completion in Early 2027. Available units range in price from $629,900 to $954,900. 2992 Sheppard Avenue East Condos has a total of 158 apartments. 

Experience the convenience of urban living at its finest, with prime locations offering easy access to transit hubs, vibrant shopping districts, lush green spaces, and a plethora of dining and entertainment options right at your doorstep. Immerse yourself in the epitome of modern living with meticulously designed interiors boasting high-end finishes, spacious layouts, and innovative features tailored to enhance both functionality and aesthetics. 

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AMENITIES

The starting price for these contemporary condo apartments is $629,900, with available units ranging from $629,900 to $954,900. With floor plans spanning from 476 to 861 square feet, the 158 planned units will include options for one to three-bedroom suites, featuring one to two bathrooms.

Buyers can secure their unit with a $5,000 bank draft on signing, followed by a flexible deposit schedule: a balance to 5% within 30 days, 2.5% within 120 days in 2025, another 2.5% within 215 days in 2025, and the final 5% due 30 days prior to occupancy in 2027.

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LOCATION

Residents of 2992 Sheppard Avenue East will enjoy access to nearby shopping and transit options. The condo community sits within 2.6 km of CF Fairview Mall and Don Mills Subway Station, as well as being close to Agincourt GO Station, reachable within 15 minutes by car. The development also includes approximately 1,474 square feet of retail space, along with two townhome units at ground level.

For those with larger units (2B suites and up), limited parking options are available for a monthly fee of $52, while lockers are also available on a waitlist basis for $20.05 per month. Maintenance fees exclude water, hydro, and gas.

Each unit in this development will feature high-quality finishes, including laminate floors in the kitchen, entry, living area, and bedroom, with tile floors in bathrooms. The kitchen and bathroom counters are crafted from quartz, while cabinetry is finished in sleek laminate. Stainless steel appliances, including a bottom-freezer fridge and an electric glass-top stove, complete the modern kitchen setup. Heating is provided via a heat pump, and each unit includes individual air conditioning for added comfort.

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

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 Toronto” 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® for 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 the builder – NOT you and they do not disclose many points that 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 agent and investor 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 Freehold 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.

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