Property Description

Preconstruction Townhomes For Sale in the Heart Of Kitchener – Waterloo Area
Coming soon to
Spachman Street, Kitchener, ON
Starting at $611,000

10 mins to ION Light Rail Transit (LRT), 32 mins to Pearson Airport, 48 mins to Downtown Toronto & Highway 401
ADDRESS	Spachman Street, Kitchener, ON
AREA	Waterloo and Wellington
BEDS	2-3 Bedrooms | 2 – 3 Washrooms
TYPE OF HOMES	Urban Townhomes
OCCUPANCY	November/December 2024
DEPOSIT	10% Deposit Structure $15,000 on Firming 1.5% in 30 days 1.5% in 60 days 1.5% in 90 days 1.5% in 120 days Balance to 10% on Occupancy
SUITE SIZE RANGE	950 – 1415 SqFt
STARTING PRICES	$611,000

Wallaceton is a new Townhome development currently under construction at Spachman Street, Kitchener – Waterloo Area. Wallaceton by Fusion Homes has a total of 34 units. Sizes range from 1925 – 2600 SqFt. Crafted homes, winding trails and a sprawling central park combine to form a community steeped in tradition. Your legacy starts here.

The next release of Urban Towns is coming to Wallaceton. Each townhome features a private balcony or patio, 2 bedrooms, and a kitchen open to the great room. With models ranging from 950 to 1,270 sq.ft, you’ll love living in an Urban Town at Wallaceton.

Inspired by the rich history of the area, Wallaceton presents residents with the opportunity to experience contemporary living steeped in tradition. Sip coffee from your balcony overlooking the sprawling central park and explore winding trails just beyond your front door. With quaint parkettes, boutiques, eateries and Kitchener’s largest recreation facility within walking distance, Wallaceton creates an impression all on its own. And it’s yours to build on.

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Wallaceton’s master-planned community design places all of your desired community amenities right outside your front door, while making it the ideal place to call home. Meanwhile, spend some time exploring its quiet trails and parkettes, or the boutiques and cafés of its lively town centre. Wallaceton’s scenic greenspaces, lively commercial centre, as well as the proximity to downtown Kitchener leave an indelible impact. And it’s all yours to build on.

• North of downtown Kitchener
• Restaurants, coffee shops, and locally owned boutiques
• Kitchener Market – Fresh produce, seasonal flowers, and a variety of delectable handmade goods
• The Aud – Kitchener’s favourite gathering spot
• Connect around the city and beyond, for instance, on the brand new ION rapid transit system, GO train, or VIA train station
• 10 mins to ION Light Rail Transit (LRT)
• 32 mins to Pearson Airport
• 48 mins to Downtown Toronto
• Highway 401
• 16 min to Conestoga College
• 21 min drive to University of Waterloo
• 20 min drive to Wilfred Laurier University
• 10 mins to CF Fairview Park Mall
• Doon Valley Golf Course
• The 250-acre Huron Natural Area and Strasburg Creek
• RBJ Schlegel Park, located across the street
• The Waterloo Region Museum

Register Now to get access to the VIP Prices and Floor Plans of  Exclusive Low maintenance Fee for these Detached Homes in Kitchener, 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 “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 the 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 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 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 to 10,000. Contact us for more details.

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