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Galleria on the Park

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by ELAD Canada

by ELAD Canada

by ELAD Canada

by ELAD Canada

PLATINUM ACCESS NOW SELLING

Galleria Mall Condos is a highly ambitious master-planned mixed-use community by ELAD Canada with incredible investment opportunities.

Coming soon to the already vibrant Dufferin and Dupont neighbourhood, ELAD is brining a world-class mixed-use urban development with 2,896 new residential units!

 Developer: ELAD Canada

REGISTER FOR VIP ACCESS!

Galleria Mall Condos is a highly ambitious master-planned mixed-use community by ELAD Canada with incredible investment opportunities.

Coming soon to the already vibrant Dufferin and Dupont neighbourhood, ELAD is brining a world-class mixed-use urban development with 2,896 new residential units!

 Developer: ELAD Canada

Platinum Access NOW SELLING

8 Towers

20 Acres Mixed-Use Community

2,896 New Residential Units

300,000 SF New Retail Space

95,000 SF New Community Centre

8 Acres of New Parkland

INVESTMENT POTENTIAL

Estimated new residential units on the market in the next 5 to 10 years

%

GTA Condo Rent Growth in Q4-2018

International students enrolled in Canadian universities in 2018

Galleria on the Park includes commercial, office and residential uses as well as the creation of a larger urban park, and a dynamic new community centre.

Register now for immediate access to Galleria on the Park floorplans and price list.

Galleria on the Park includes commercial, office and residential uses as well as the creation of a larger urban park, and a dynamic new community centre.

Register now for immediate access to Galleria on the Park floorplans and price list as soon as they are released.

Since its inception in 1997, Elad Canada (Galleria Mall Condos) has pursued an aggressive growth strategy in central Canada acquiring income producing properties from various asset classifications as well as development sites, resulting in a portfolio of approximately 5.9 million square feet of commercial space and approximately 17,000 apartment and seniors’ units by 2008. In recent years, the company has shifted its focus from income producing properties to development sites, specializing in mid- and high-rise condominium development and master planned communities.  Best known for its visionary approach at the award winning Emerald City master planned community in Toronto, the Cité Nature condominium development next to the Olympic Village pyramids and the redevelopment of the historic Nordelec building in Montreal, Elad Canada leads the way with innovative development projects.

Location: 1245 Dupont St.
Neighbourhood: Bloor West Village
Developer: ELAD Canada
Architect: Hariri Pontarini Architects
Number of Units: 2,896
Number of Storeys: 42, 36, 34, 22, 19, 19, 19, 17, 15, 12, 10, 3
Parking Price: $60,000
Locker Price: $5,500
Maintenance: $0.60/SF
(Including: High Speed Internet & Elad Link
Excluding: Heat, Water, Hydro)
Occupancy: Fall/Winter 2023

Galleria Mall

Frequently Asked Questions about Galleria Mall Condos

How do I reserve a unit in this project?

Step one is to make sure you are registered as a Savvy Investor VIP.  As soon as the project officially launches, we’ll be in touch with an email that will have everything you need from the floorplans to the price list.

Once you’ve had an opportunity to review the project and plans,  call/text/email us ASAP so we can submit a worksheet on your behalf. Time is of the essence as worksheets are generally time-stamped as they are submitted.

Once we have your unit in hand, we will walk you through signing, cheques, document review, mortgage approvals and all the other steps to get you closer to your new home or investment!

What does Platinum Access mean?

Platinum agents are top-selling Pre-Construction specialists who get preferred status with developers and early access to new projects before regular agents or the public.

This is a huge advantage to the buyer as you are getting the best selection for the lowest price as well as exclusive Platinum incentives and deposit structures. By the time a project gets to a public launch, the price has generally gone up several times and units are heavily picked over.

CondoSavvy's long-standing builder relationships allow you to buy first and for less. Best of all, our services are absolutely FREE to our buyers.

How does it benefit me as a buyer to work with CondoSavvy?

Not only does CondoSavvy get you front of the line access to Toronto's hottest launches, we have got your back all the way through!

We provide complimentary legal review of your contract, expert plan review, free mortgage approvals, design/upgrade consultation, PDI assistance as well as ongoing rental/resale services and portfolio strategy once your condo is complete!

CondoSavvy works with a network of lenders, lawyers, property managers, stagers, contractors and HST rebate services to make sure you are always in good hands. 

 

 

What is the "cooling-off" period for?

Once you receive an executed copy of your contract,  you will have 10 calendar days before your purchase goes "firm" and your first cheque is cashed. This is known as the cooling-off period.  This period is typically used to have a lawyer look over your agreement and to get a pre-approval letter for your mortgage.

Do I Need a Lawyer?

We always recommend having your contract reviewed by an experienced Real Estate lawyer during your 10-day cooling-off period to ensure there are no surprises at closing.

We work with a number of excellent lawyers who specialize in pre-construction contracts and contract review is complementary to our purchasers.

Do I need mortgage pre-approval to buy?

Almost all builders will require you to provide them with a mortgage preapproval in order to purchase although in some cases a "comfort letter" will be accepted in lieu.

These are generally due within the first 60 days of signing and are used to ensure the viability of a purchaser to the builder's bank for construction financing.

CondoSavvy works with a number of banks and mortgage brokers that can help you with preapprovals as well as getting you financing to close.

Does the price include HST?

If you’re purchasing for yourself and plan to move in, then yes, prices generally include the HST.

As an investor, you will have to pay back the HST subsidy at close but most or all of this cost will be reimbursed within a few weeks with a signed lease.

What are the closing costs on my new condo?

Closing costs on a pre-construction condo varies greatly depending on the actual purchase price of the unit, the builder and even the city you’re buying in.

Roughly speaking in Toronto you can expect to pay approximately an additional 3-5% of the purchase price in closing costs when purchasing a brand new condo.

Are there any ‘hidden’ costs when buying a pre-construction condo?

There are no hidden fees when buying a pre-construction condo. All fees must be disclosed in the agreement of purchase and sale and any unknown levies should be capped.

All purchases have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. 

Is it possible to assign my new condo?

Most builders do allow you to sell your unit before the building is complete assuming certain conditions are met. This process is called selling by “assignment”. There is usually an assignment fee and a legal fee associated with this kind of sale. Costs can range from $1000 - $7000, depending on the situation. 

624 King St W
Toronto ON
M5R1J9

T: 416-832-3677

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