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The Minto Yorkville Park condominium is located in the most fashionable area of Toronto, Yorkville is the most expensive stands in third place in North America and the seventh largest in the world. The condominium is being built on the Cumberland street St, which takes place at the ask of the section of the street Bloor St, which is called "fur miles" for the concentration of stores the most well-known brands.
Height of building - 25 floors.
The total number of apartments - 200
Apartment - 1 bedroom, 2 bedrooms and 3 bedrooms
Height of apartments - not less than 9 ft. (2. 75 m)
The planned handover mid 2018
Area of apartments - from 473. (43 sq m) to 667. (60 sqm)
Unit cost - $861 /.
The condo building
As you might expect from the project, constructed in the Yorkville district, this condominium is positioned as a Builder of super-luxury that meets the highest requirements.
A relatively small number of floors in the building, which is in the most expensive area of Canada, defines a relatively small area of apartments and the cost per square meter above average. Architectural condo building to match the status of the area - in addition to a modern streamlined forms, in its finish applied is a special glass that gives it an unusual appearance. At the base of the building will be a two-storey podium, decorated with glass and natural polished stone, which will house boutiques and restaurants. The interior common areas and apartments has attracted famous designers and used the latest materials of the highest quality. In design was widely used styles art Deco, which also makes the building unique.
The building will have outdoor terraces common areas on the second and seventh floors. Under the common areas given the second floor to house a fitness room with an area of about 200 square meters of space for relaxing and parties, including the kitchen and bar.
Apartment
All apartments in the building have Windows from floor to ceiling. The average ceiling height is 9 feet (2. 75 meters). All apartments are decorated with high-class. Each apartment has integrated appliances: fridge, stove, dishwasher, microwave, washing machine and tumble dryer. For climate control each apartment has an individual thermostat that automatically adjusts the flow of warm or cooled air.
The location of the building
The building is located on the street Cumberland St in the heart of the legendary district of Yorkville, located in the Northern part of downtown. Parallel to the street Cumberland St is the area of the streets Bloor Street where you can find the most luxurious shops in the city, and which is similar to 5th Avenue in NY and Rodeo Road in Los Angeles.
The building is a short walk to two metro lines that pass along the streets Younge St and Bloor St. Also a short walk from the condo building are museums ROM (Museum of nature and history), Bata Shoes (the Shoe Museum) and the Gardiner Museum (ceramics Museum), the Conservatory, the University of Toronto (University of Toronto). Within 10-15 minutes drive are the most prestigious private schools in Canada.
The condominium has convenient access to transportation networks, including proximity to the highway Hwy404, which runs across the city from North to South and along the lake, with access to other highways.
Schedule of payment
When buying an apartment in a condominium Minto Yorkville Park during the construction phase is required to contribute 21% of the apartment cost during the period of construction. For foreigners, this amount is 35%. A schedule for the payment of this amount is as follows:
$5,000 upon signing the purchase agreement.
5% - after 30 days from the date of signing the contract
5% - after 180 days from the date of signing the contract
5% - after 1 year after signing the contract
5% - 2 years after signing the contract
1% - on completion and transfer of the rights to the apartment to the buyer
Conclusion
The whole building is oriented on single people and small families for whom the priority is the status of the area in which they live. As a rule, the apartments in such houses are oriented for the retired wealthy people who rent for the long term. This project attracts a great attention due to its comparative affordability, given the high cost district, unique architecture and good potential for rental.
Features of purchase of apartments in newly built condominiums