Property Description

Brand New PreConstruction Single Family Detached Homes In Richmond Hill, ON
Coming Soon to Thorold
King Road & Toscanini Road, Richmond Hill, ON
Prices start at $1,815,000

King East Estates is a new single family detached home development currently in preconstruction at King Road & Toscanini Road, Richmond Hill. The development is scheduled for completion in 2023. Available units range in price from $1,815,000 to over $3,429,990. King East Estates has a total of 255 units. Sizes range from 1850 to 4165 square feet. Located in the rolling hills of the Oak Ridges Moraine, King East Estates is a collection of sophisticated freehold towns, semis and singles. The landscape is decorated with drumlin hills, bundled forests and numerous kettle lakes and characterized by its rich history.

This development will include 255 freehold homes located on 40’, 50’ and 60’ lots and it will be located within a 30-acre block radius bounded by King Road to the south, Toscanini Road to the west, Puccini Drive to the north and McCachen Street to the east.

Floor Plans of Freehold Townhomes & Single Family Homes  

AMENITIES

King East Estates will have 255 spacious homes that will be divided between 144 single detached homes, 32 semi-detached and 79 townhomes. The first phase will consist of 56 units that will be comprised of 19 singles, 8 semi-detached and 29 townhomes. Phase one has already been zoned and serviced with an expected completion in Nov 2023.

The second phase will include 183 units split between 115 singles-detached, 25 semi detached and 43 townhomes. The third phase will consist of 4 custom homes at a standalone property at 52 Puccini Road while the the fourth and final phase will include 23 units consisting of 17 single detached and 6 townhomes. 

Investors can expect these units to range in size and provide spacious homes for growing families. The townhomes and semi detached homes will be around 1,800 – 2,400 square-feet while the single detached homes will range from 1,900 to 3,100 square-feet and the custom homes will be 4,200 square-feet.

These homes will sit on 40’, 50’ and 60’ lots nestled between scenic landscapes with rolling hills, forests and many kettle lakes. Based on Plaza Corp’s previous projects, we can expect this development to include modern homes with open-concept layouts and contemporary features and finishes.

Homeowners can expect to add luxurious touches and detailed interiors in each home. Located in the heart of Richmond Hill, future residents will enjoy living in a safe community, surrounded by nature. Nearby, residents will find lush parks, woodlands, lakes and golf courses, these natural amenities will cater to an entire family. Additionally, these homes will provide families with an abundance of space, elegant interiors and a new comfortable living environment.

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LOCATION

King East Estates will create a perfect suburban community for families with many well-known schools nearby, some of which include Kettle Lakes Public School, The Children’s Place Montessori Academy, Oak Ridges Public School, Our Lady of Hope Elementary School and Country Day School. Seneca College – King Campus is just a 5 minute drive away from this new development.

Located just minutes from a scenic natural reserve, future residents can find many things to do in this area including hiking on the Oak Ridges trail, picnicking at the Oak Ridges Meadow Park and boating on Lake Wilcox. Residents will also find many golf courses nearby including Bathurst Glen Golf Course, Summit Golf and Country Club, Eagles Nest Golf Club and Maple Downs Golf and Country Club. Not only are there many natural amenities in this area but there are also many urban amenities including restaurants and eateries, cafes, bakeries, supermarkets, fitness centres and cinemas. There are also many boutique shops and big box stores close by including Winners, Homesense, Shoppers Drug Mart and Canadian Tire.

Richmond Hill is known for having some of Canada’s largest tech companies in this area. This city is home to four key business sectors, including Professional Scientific and Technical services, Health Industry, Finance and Insurance and Informational and Cultural Industries. Currently, there are more than 4,800 companies in this area with over 73,000 jobs. Residents living here will be able to conveniently live and work in the same vicinity and for the commuters that work outside of this area, the King City GO Train is just 5 minutes away. This GO Train will take residents to Downtown Toronto’s Union Station in just 40 minutes. For drivers, Highway 400 is just west of this development and Highway 404 is immediately east. Additionally, the TTC Subway’s Yonge-University Line 1 has future plans to extend toward Richmond Hill, allowing more people to seamlessly and conveniently travel across the GTA with public transit.

Register Now to get access to the VIP Prices and Floor Plans of  Exclusive Low maintenance Fee for these Luxury Freehold Townhomes & Single Family Homes in Richmond Hill, 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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