About the project
Centricity is a new landmark development coming soon to the heart of downtown Toronto located near Church & Dundas. Centricity offers its future residents with ultimate convenience being located walking distance from the Toronto Metropolitan University, Dundas Station, Streetcar Transit, Yonge-Dundas Square, CF Toronto Eaton Centre and so much more that the city has to offer!
REASONS TO BUY*
POPULATION INCREASE & ECONOMICAL OUTLOOK
Toronto is the Largest City in Canada. It is home to over 2.7 Million People and GROWING! It is estimated that Toronto will need an additional 259,000 new homes from now until 2031 to meet the demands of a growing population but it is estimated that the city will only be able to provide 157,800 new homes by then which means that there will be a shortage of over 100,000 homes. This will ultimately drive up demand for existing housing which will lead to increased real estate values and rental rates!
WORLD CLASS CITY
Toronto has been recognized internationally as the most diverse and multicultural city in the WORLD! There is desirability for others to move here which is evident by the high amount of immigration and migration into the city. Toronto has one of the fastest growing tech sectors in North America and is home to the 2nd largest Financial Centre in North America and is home to THREE world renowned Universities (The University of Toronto, Toronto Metropolitan University & York University), not to mention it is safe and is full of diverse food and entertainment options for everyone.
CONNECTIVITY & TRANSPORTATION
The city is serviced by Subway transit, Up Express, Streetcars, GO Transit, The Eglinton LRT (Light Rail Transit), Billy Bishop Airport and is only a short commute to Pearson International Airport – Toronto is connected and can take you anywhere you need to be.
LOCATION, LOCATION, LOCATION
Home to a thriving Downtown Core, the Rogers Centre, the Scotiabank Arena, the CNE, Budweiser Stage at Ontario Place, BMO Field, Billy Bishop Airport, CF Toronto Eaton Centre, world-class Universities, Lake Ontario to the south, thousands of restaurants – Toronto has so much to offer
REPUTABLE DEVELOPER:
Graywood Developments is a highly reputable developer who possesses over three decades of experience (since 1985). Graywood has developed over 31,100 housing units in several asset classes including residential lots, low-rise housing, mid- and high-rise condominiums, hotels and retirement residences, with a combined value of over $8.3 billion. Graywood currently has over 6,000 units (5.2 million sq. ft.) under development with a value of over $4.3 billion.
Deposit Structure: 15% Deposit
Incentives
Special Preview Pricing
$10,000 off the Purchase Price of a Studio/Jr. 1 Bedroom/ 1 Bedroom/
1 Bedroom + Den*
$20,000 off the Purchase Price of a 2 Bedroom/ 2 Bedroom + Den/
3 Bedroom/ 3 Bedroom + Den
Extended Deposit Structure
$10,000 Deposit at Signing
Balance of 5% in 30 days
5% in 120 180 days
2.5% in 200 380 days
2.5% in 365 540 days
5% on occupancy
PLUS
$5,000 towards closing costs
Limited to the first 100 sales
$0 Assignment Fee
Value at $5,000
The Right to lease during Occupancy
Development Charges and Levies capped at:
$13,500 for Studios/ Jr.1B/ 1B/ 1B + Den (regularly $16,000)
$18,500 for 2B/ 2B + Den/3B /3B + Den (regularly $20,000)
- Property ID 9314
- Price Starting from $601,990
- Property Type High Rise, Pre Construction Condos
- Property status Move in 2027, TBD
- Label Selling Now
- Number of Storeys 53 Storeys
- Number Of Units 594 Suites
- Suit Type One Bedroom – Three Bedroom Suites
Location
Walk Score
-
99
Walk Scores Walker's Paradise View more
-
98
Bike Score Biker's Paradise View more
Address
- Country: Canada
- City / Town: Pre Construction Homes Toronto
- Neighborhood: Downtown Toronto
- Postal code / ZIP: M5B 1Z4
About the Builder
481 Yonge Developments Inc has proven to be successful in multiple real estate branches ranging from investments and developments to transformation and property management. Our goal is to keep developing our skills and knowledge in acquiring, developing and maintaining real estate. Together with our strategic partners, we will keep identifying opportunities and pushing boundaries. By doing so we w ...
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