Property Description

New Assignment Townhomes at Elevate at Logan
Coming soon to
485 Logan Avenue, Toronto, ON
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Elevate at Logan Towns is a new townhouse development currently under construction at 485 Logan Avenue, Toronto. The development was scheduled for completion in 2022. Home to generations-old shops, timeless heritage streets, and a focus on independent art and culture make South Riverdale an inviting residential living experience, without pretension.

Moms out with dogs and strollers. Antique shops with one-of-a-kind pieces to thrill any treasure seeker. A sea of fresh flowers for sale at the local farmer’s market. Couples carrying their coveted Starbucks on the way to the park. South Riverdale offers the community flavour of a vintage neighbourhood with present day amenities. Local shops and businesses are often modelled after iconic neighbourhood staples that have stood the test of time.

With a major transit hub planned, bicycle-friendly area infrastructure and strolling distance from downtown, living in South Riverdale makes life easier. Cars become an option, not a necessity. If a sense of community, friendly neighbours, and a short commute to downtown Toronto are on your wish list, you can have it all living in South Riverdale.

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AMENITIES

This development is a modern hybrid of condos and townhomes. It will be 4 storeys of stacked townhouses which will house 41 residences, 31 parking spots, 2 visitor parking, 37 bike spots, and 41 lockers. Suites will range from 550 to 1,900 square feet of carefully designed floor plans to meet your needs.

The exterior has been designed by preeminent architect’s SRN who have found a beautiful balance of modern details and historic brickwork. This façade will keep with the aesthetics of the neighbourhood with a primarily red brick finish as well as dark accents. Heritage-inspired windows are big and bold for drawing in ample light into each suite. Residents of this neighbourhood take much pride in maintaining their yards so the surrounding property of this project will be landscaped to perfection. The standout feature of this project however is the 2 car elevators which will be one of the first in the city.

Suites by this developer are known to be outfitted with soaring 9’ foot ceilings which give the effect of a larger space even in the most compact units. Kitchens and bathrooms have been European inspired with the most elegant finishes. Early renderings of this project showcase glass balconies and terraces that offer a private escape to the outdoors directly off each suite. This project is a great alternative to a single-family home because it offers a low maintenance lifestyle so you have more time to enjoy life and the city around you.

LOCATION

This project is just East of downtown Toronto in a pocket well known for its colourful shopping districts and quaint Victorian homes. This is a high-density area that is home to Riverdale Park and the farmer’s market of Withrow Park. This is also a community that attracts families due to the various top-ranked schools in the neighbourhood as well as a number of daycares.

The shopping district centred by Danforth Ave. is the heart of Toronto’s Greek community as it features many trendy Greek restaurants and stores. Riverdale is also home to its own Chinatown shopping district where fresh produce and baked goods fill the streets around Gerrard and Broadview. Gerrard Square is the community’s mall where 70 stores and services offer everything from household necessities to groceries, to electronic services. All this and more will be just steps away from this new pre-construction development.

485 Logan Avenue has a Walk Score of 97/100 which means that this address is a walker’s paradise, so daily errands do not require a car. The Transit Score is 91/100 as well.

This means that transit in this area is extremely accessible, so get around the city is a breeze. Several streetcars and buses frequent the area and serve as a connection to more than three subway stations. For motorists, bordered to the west is the Don River, and with it the Don Valley Parkway. This is a major transit artery that connects the entire city. Carlaw Avenue which intersects at Gerrard, just east of the project, also provides direct access to Lakeshore Blvd. which connects to the Gardiner Expressway.

Register Now to get access to Platinum Prices and Floor Plans for these Townhomes 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 were 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® 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 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 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 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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