Property Description

New Condominium Development The Residences on Owen – Limited Time!
Coming soon to
57 Owen Street, Barrie, ON
Prices from $755,900

Quick Facts
ADDRESS	57 Owen Street, Barrie, ON
AREA	Simcoe County
BEDS	1 – 2 Bedrooms
NUMBER OF UNITS	278 Units
OCCUPANCY	December 31st, 2024
DEPOSIT	$5,000 with Offer Balance to 5% in 30 Days 5% in 210 Days 5% in 390 Days 5% in 570 Days
SUITE SIZE RANGE	500 – 1000 SqFt
STARTING PRICES	$755,900

The Residences on Owen is a new condo development currently in preconstruction at 57 Owen Street, Barrie. The Residences on Owen has a total of 278 units. Sizes range from 500 to 1000 square feet.

We’re proud to announce The Residences on Owen in Barrie is coming very soon. We’re excited to share with you our beautiful renderings, spacious floor plans and required purchasing details. While we are hard at work at curating these details, to ensure you’re front of the line and to receive all priority updates, please register below, and watch your inbox for updates.

 

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FEATURES AND AMENITIES

The Residences on Owen is located at the prime address 57 Owen St in Barrie, Toronto. This development is bringing a luxury living space to the city of Toronto. Buyers can expect to find a luxurious collection of condos in a boutique-style building.

As per initial plans, this realty will have varied floor plans with multiple bedrooms. Each condo will feature generous balconies, modern appliances, showers and much more. The building of Residences on Owen will also have urban amenities.

Residents will find a 24*7 concierge, lounge, dining room, games room, wine bar, cafe, gym, theatre, rooftop terrace, massage room, indoor pool, gardening centre and much more. Register today to get free lawyer review, capped development levies, Mortgage Agreements, and other incentives 

LOCATION

coming soon to the bustling address 57 Owen Street, Barrie, ON. Residents will find an amazing assortment of entertainment, retail, and much more. No Frills, Shoppers Drug Mart and many are mere steps away. Venture out a little, Toronto’s top stores are also nearby. For example, Canadian Tire, Costco, LCBO, Metro, Loblaws, etc.

Residents will enjoy a small walk to Lake Simcoe with lots of recreational activities such as kayaking, biking, canoeing, and hiking trails, etc. There is also the farmer markets available. Georgian College with over 13,000 students, is also just mere steps away from the Residences on Owen. 

The Residences on Owen in Barrie sits in a location that has a good walk score of 79 & a transit score of 51 Highway 400, Allandale Waterfront GO Station and other transit options are mere steps away. Residents will also have easy access to GO Train & GO bus services.

Barrie is a quickly growing and developing city and is extremely family-friendly, perfect four-season living. The city is home to great schools including nearby Georgian College. No matter the season, summer or winter, there is always something to do in Barrie, the city offers a wide variety of indoor and outdoor recreational activities and nearby community centres year-round. Prestigious golf courses and ski hills are located just North of the city.

 

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FEATURES & FINISHES

• Spacious Floor Plans
• Balconies (as Noted on Plans)
• Wi-fi
• Individually Controlled Heat and Air
• Sprinkler System
• Hard Wired Smoke and CO2 Sensors
• Ensuite Laundry
• Stainless Steel Appliances
• High Ceilings
• Pre-Wired for Cable and Telephone
• Walk-In Showers

 

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