155 Redpath Condos is a new condo project by Freed Developments and CD Capital Developments currently in preconstruction at 155 Redpath Avenue in Toronto. The project is scheduled for completion in 2016. Available condos start in the mid $200,000's. The project has a total of 470 units.
Project Details
DEVELOPMENT NAME 155 Redpath Condos
DEVELOPER(S) Freed Developments and CD Capital Developments
PROJECT TYPE Condominium
ADDRESS 155 Redpath Avenue
CITY Toronto
POSTAL CODE M4P 2K5
CONSTRUCTION STATUS Preconstruction
ESTIMATED COMPLETION Summer 2016
SELLING STATUS Registration Phase
TOTAL NUMBER OF UNITS 470 units
NUMBER OF STOREYS 35 storeys
UNIT SIZES From 377 Sq. Ft. To 706 Sq. Ft.
$ Prices
PRICES(AVAILABLE UNITS) From the mid $200,000's
COST PER SQUARE FOOT $590 Average Cost per Square Foot
Project Summary
From 155 Redpath Condos:
Good design makes life better.
Project Amenities
Sauna | Meeting Room | Reflecting Pool | Outdoor Pool & Hot Tub | Multi-level Fitness Centre | Poolside Cabana Lounge | Reading Lounge | Indoor/Outdoor Yoga Facility | Party Room
Midtown of Today – 155 Redpath Condos
On of the top 2 reasons for choosing to live in midtown is access to the public transit & central location. Yonge-Eglinton area in midtown Toronto is an Anchor Hub in the GTA where 60% of the people take public transit. Within 1 km of the Yonge-Eglinton station there are about 21,000 people who live in the area out of which 76% or 15,960 people rent their homes. There are about 16,800 jobs with average household income of $76,749 within 1 km from the station.
Midtown of Tomorrow – 155 Redpath Condos
Anticipated condominium inventory under construction or in pre-construction sales stage totals 2,572 units (Berwick, Allure, Madison, 30 Roe, 101 Erskine, E-Condos). There is a shortage of future condominium supply to meet the strong rental demand. Future shopping centers that are under construction in the area will attract hundreds and thousands of new jobs. LRT will draw new growth in the commercial and retail sector as employers lease space close to the transit.
Future Transit – 155 Redpath Condos
There is $8.4 billion dollar infrastructure investment which will connect 52 km of new light rail transit. Once completed future LRT will be linked to 54 local bus routes, three TTC interchange subway stations and GO Transit, and will cut transit time in half along this important mid-town corridor. It will run underground from Black Creek Drive to Laird Avenue, and above ground to Kennedy Station. Construction is currently underway which is expected to be completed by 2020.
Master Planned Community – 155 Redpath Condos
Over 2,000 New Condo units will be built by Freed Developments in this neighborhood as a part of a huge master-plan that will include 15 condo projects. 155 Redpath will be part of the FIRST 10%!
Sound Investment – 155 Redpath Condos
According to the latest TREB market report, condos at Yonge & Eglinton (C3 and C10) sold in an average of 31 days – 6 days faster than the downtown and overall city average of 37 days. In addition to selling faster, condos at Yonge and Eglinton also sell closer to their listing price than in the rest of the city (98% of listing vs. 96% for central Toronto).
Platinum Pricing – 155 Redpath Condos
While Resale in the area are priced in the MID-$600/Sq.Ft, 155 Redpath is AGGRESSIVELY Priced from $553/Sq.Ft Starting; $599/Sq.Ft being the AVERAGE! Purchasers who buy at the Platinum Stage will receive a TARGET PRICE APPRECIATION of anywhere between $50 – $100/Sq.Ft compared to the competition that are averaging around $665/Sq.Ft for unsold inventory.
Deposit Structure
$5,000 with offer
Balance to 5% in 30 days
5% in 90 days
5% in 300 days
5% in 480 days
Maintenance Fees:
$0.49 per square foot.
Hydro metered separately
Taxes approximately 1% of the purchase price
HST included in purchase price
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