About the project
Introducing Elektra Condos, a striking new condominium that places you in the center of the action! Featuring a highly sought after address in Toronto’s downtown core at Jarvis & Dundas, residents at Elektra will have everything they could possibly need and more within arms reach. Located just minutes from Toronto Metropolitan University, the upcoming Ontario Line, College & Dundas Station, the CF Toronto Eaton Centre, Yonge St and so much more that Toronto has to offer!
REASONS TO BUY*
- AAA Location in the heart of Downtown Toronto’s East Core! Located at the intersection of Dundas and Jarvis, Elektra will be the newest addition coming soon to a thriving growth district on the east side of Yonge Street that has undergone remarkable growth over the past 5 years. Nestled between the College and Dundas subway stations, the East Core’s growth has been driven by an influx of recent residential development and major investments in education, finance, health science and technology
- Walking distance from Toronto Metropolitan University (formerly Ryerson University) where only 3.1% of the 43,000+ students are able to live on campus meaning there is a HUGE demand for off campus housing!
- Travelling throughout the city is made incredibly easy being steps from multiple TTC Bus and Streetcar Routes. Residents will also be just minutes from College and Dundas Station which run along the Yonge-University Line. From these two stations, passengers can seamlessly transfer onto the Bloor-Danforth Line in just a few stops or travel south to Union Station
- Residents will also be a 6 minute walk from a stop along the upcoming Ontario Subway Line which will run along 15.6-kilometres and feature 15 new stops connecting passengers to Exhibition Place, through the heart of downtown, and all the way to the Ontario Science Centre!
- Conveniently located just 1km from Yonge St, Toronto’s most famous street, which features an incredible assortment of retailers, restaurants, entertainment venues and so much more!
- Within close proximity from the Hospital District where The Hospital for Sick Children, Toronto General Hospital, Princess Margaret Hospital & Mt Sinai Hospital all reside
- The best of Toronto is also in close proximity – with exciting venues such as the Phoenix Concert Theatre, Yonge-Dundas Square, CF Toronto Eaton Centre, Queen’s Park, Art Gallery of Toronto, Nathan Phillips Square, The Distillery District and so much more — not to mention the hundreds of restaurant, retail and entertainment options which are located in the surrounding area!
- Located just down the street from Allan Gardens which is one of the oldest parks in Toronto and features a conservatory, playground and two fenced off-leash areas for dogs
- Elektra is being developed by a highly reputable developer, Menkes, who possesses nearly 65 years of building experience!
Deposit Structure: 15% Deposit
Incentives
2 year Rental Guarantee program at 5% of the purchase price
Free Assignment (valued at $5000)
Free Window Coverings
Capped Development Charges : $13,000 + HST
Right to lease during Occupancy
DEPOSIT STRUCTURE
$10,000 bank draft on signing
Balance to 5% in 30 days ($19700)
2.5% in 180 days ($14850)
2.5% in 360 days ($14850)
2.5% in 720 days ($14850)
2.5% in 1100 days ($14850)
5% on occupancy ($29700)
- Property ID 7142
- Price Start From $593,990
- Property Type Pre Construction Condos
- Property status All, Move in 2027
- Label Selling Now
- Number of Storeys 48
- Number of Suites 500
- Suite Type One Bedroom – Three Bedroom Suites
Location
Walk Score
-
99
Walk Scores Walker's Paradise View more
-
99
Bike Score Biker's Paradise View more
Address
- Country: Canada
- City / Town: Pre Construction Homes Toronto
- Neighborhood: Downtown Toronto
- Postal code / ZIP: M5A 1Z6
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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