Property Description

New preconstruction future condo apartments project yet to be launched in Oakville, ON
Coming soon to
3069 Dundas Street West, Oakville, ON
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Palermo Village is a new condo community currently in planning and approval stage at 3069 Dundas Street West, Oakville. Palermo Village will have a total of 6500 new homes. Palermo is envisioned as a new community surrounded by nature and made for modern living. New housing opportunities will meet the needs of a range of life stages, with everything a short walk away. Parks and trails are at your doorstep.

A walkable main street designed with Oakville charm brings convenient access to shops, cafes, restaurants, and a community and recreation centre. Local retail is supported by a centre for employment and research connected to two low emission transit terminals.

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AMENITIES

Arrive at Palermo and be welcomed by cobblestone lanes and a charming main street lined with local shops, specialty boutiques, restaurants, cafes, and outdoor patios. The design of Palermo is architecturally inspired by its past as one of Ontario’s oldest settlements, and will be reimagined into a new walkable destination to gather, experience, and enjoy. With a diverse mix of housing opportunities to meet the needs of Oakville, this will be a place for young professionals, families, and people of all ages to stay, grow, and thrive.

Palermo is located between 14 Mile Creek and Glenorchy Conservation Area, and surrounded by nature. Residents will be steps away from the natural beauty of parks, parkettes, and tree-lined trails located throughout this walkable, cycle-friendly community. Palermo will be a catalyst for new business and high-calibre employment opportunities. The future Innovation Hub will continue to advance research and technology efforts in Oakville including the potential to train in medical sciences, with connections to Trafalgar Memorial Hospital.

1. A New Community Centre/Library
2. A New Daycare space
3. Neighbourhood retail: small and large commercial/retail opportunities to support this growing community and meet the needs of existing and future residents. The size of the commercial areas has not yet been finalised.
4. And, a new urban square and central pedestrian main street with patios, eateries, shops, and health & wellness-based services. The Urban Square will serve as a central gathering place with markets, festivals, public art, and local events for all ages.

Situated between the Glenorchy Conservation Area to the east and 14 Mile Creek to the west, Palermo is ensconced in nature. The project will provide over 20 acres of parks, ponds, privately-owned publicly accessible spaces, a natural heritage system and trails, and two transit hubs. With a new neighbourhood park and a large modern park, this new community will enable an active lifestyle with four-season programming and uses for everyday outdoor living, such as walking trails, shaded areas to read and rest, and sporting and recreation opportunities for all ages and seasons. Bike, walk, or run along over 6 kms of trails, with access to over 1,000 acres of natural heritage system and the Glenorchy Conservation Area, supporting a lifestyle of health and wellbeing.

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LOCATION

The plan for Palermo is to deliver approximately 6,500 new homes to Oakville. Based on the new housing targets assigned to Oakville by the Province of Ontario, 33,000 new residential units will need to be built over 10 years. Through Palermo, we will achieve 20% of the Town goals in a single development with direct access to major arterial roads, a large connectivity network and two transit hubs.

Palermo Village is identified as a Strategic Growth Area, which as per Provincial and Municipal policy, are areas where high-density mixed-use development is to be directed. Within Palermo Village, the Region has assigned a minimum density target of 160 residents and jobs per hectare, which for the Palermo project that is part of this application equates to a minimum of 7,600 residents and jobs.

There is a shortage of housing supply in the GTA, which has made access to housing difficult for many. Palermo will do its part to ease the pressure on housing by building a number of homes suitable for first time owners, families needing more space, and downsizers looking to age in place.

This is a long-term project with many phases and we are in the early stages of the planning process. Our aim is to deliver the community benefits in the first phase of the project. A construction plan will be developed as part of the planning process. We’ll work with the Town of Oakville and Oakville Transit to help deliver the hub as soon as possible. The 407 Transitway Station is a Metrolinx project, and we will work closely with them on the integration of this transit station.

The Transit Hub will allow residents and neighbouring communities to get to surrounding Regions in the GTA, such as Burlington, Hamilton, and downtown Toronto. The transit hub aims to bring new connections to existing transit options, such as GO, TTC, and UP Express, and connect riders to Union Station, Bronte GO, and Pearson International Airport.

Register Now to get access to the VIP Prices and Floor Plans of  Exclusive Low maintenance Fee for these Condo Apartment Homes in Oakville, 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 Oakville” 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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