crosstown community condos
Everything you need to know :
60 ACRE MASTERPLAN
An expansive community 10 years in the making, which will feature 18 striking condo buildings, over 300,000 SF. of retail/office space, 30 town home buildings, 5 acres of playground/parks and a large community center with 2 hockey rinks, basketball court and gym.
Steps to Toronto’s newest rapid transit system the LRT, which is 60% faster than traditional subway cars scheduled for completion in 2021. The entire LRT expansion will feature 25 new stations and will stretch over 19 kilometres.
Along with the redevelopment of a new HQ for Celestica in the Crosstown Community, the site will also feature 300,000 SF. of office and retail space.
The University of Toronto is a short subway ride away, resident’s will also have access to Ryerson University, George Brown College, and OCAD.
Aspen Ridge has been in the business for twenty-five years. It first started out as a family business and extended its reach to become one of the most well-known contemporary builders in the local industry. The team behind Aspen Ridge come from various backgrounds involved in construction, development, and architectural design. That is why they are able to provide such beautiful homes and landscapes for their clientele.
Since inception, CORE has been responsible for the design of over 160 condominium projects, 55 of which are in the downtown core of Toronto; the urban-master planning for over 200 million square feet of residential development; numerous private residences, and a number of recreational and sports clubs, restaurants, hotels, resorts, office environments and over 1500 retail rollouts, across Canada, the U.S., and internationally.
The Toronto condo market has matured into the most advanced in North America over the past decade. With the release of thousands of new condos, the staggered release process has been adopted as the best practice.
A staggered release usually follows this format:
(1) Release to Platinum brokers
(2) Release to VIP agents
(3) Release to developer’s registrants list
(4) Release to public
With over 20,000 new condos being sold per year, a special breed of realtor has arisen. Platinum agents are realtors who have sold a large volume of suites with a particular builder. Once an agent has reached the Platinum status, the developer will invite them to exclusive events and release the pricing and floor plans to them before the public and regular agents.
Over 20% of the units sold in new condos are sold by a handful of Platinum agents before most people are even aware the condo is available for sale.
The benefits of being a part of the Platinum buying group are that you get first choice of suites at the lowest initial pricing. There are also typically special promotions made available to the Platinum buying group to help build momentum of sales at the crucial launch phase of the project.
Our team has achieved Platinum status with the largest and most respected developer’s in the GTA.
Register on this page to receive your full Platinum access to this development.
With our Platinum status we can help you save time and money because the developers provide us with special access to their projects. Here are some of the ways you will save time and money:
Access to the initial release of suites at the lowest pricing
No waiting in lines
In depth authoritative analysis of each project and neighbourhood market stats
We cover a lawyers review of the purchase and sale agreement
Immediate cash savings with Platinum VIP incentive programs
Deferred deposit structures
Consultation on the selection of your ideal suite layout
Waived listing fee for first time rental of your suite (optional)
Experienced consultation during pre-delivery inspection of your suite (optional)
Not being represented properly or working with the developer unrepresented can be one of the biggest mistakes you can make in a pre-construction condo purchase.
Our brokerage is paid a commission by the developer upon successful completion of your transaction, you are not responsible to pay any commissions for our services that save you thousands. When you can get all of these valuable benefits and actually save money, it makes sense to work with professional pre-construction condo specialists.[/toggle][toggle title=”Why should I work with a pre-construction specialist?” open=”no”]Working with a Platinum status pre-construction condo specialist will save you thousands of dollars, countless hours of time, and make your service experience significantly better.
Our experience and volume of sales with the most respected developers equates to money in your pocket.
Working with a specialist makes sense in almost every area of your life.
For example, when your family has a new baby you would visit a pediatrician because your baby will get the best care with their specialized knowledge and experience of a newborn’s needs. If your car needs servicing, you would take it to a mechanic who is trained and experienced in servicing your brand of vehicle.
Working with a specialist makes sense because you get better service. Don’t take the chance of working with a friend who happens to be a realtor or trying to go at it alone, this is literally the #1 mistake in pre-construction condo investment!
Register on this page to receive your investment package and to get in contact with us.
$5000 on signing
Balance to 5% in 30 days
5% in 120 days
5% at 370 days
5% at 540 days
(1) Land transfer tax
(2) Legal fees
(3 )Development charges and educational levy
(4) Park levy
(5) Tarion warranty enrollment
(6) Bank appraisal fee
(7) Two months of condo fees
(8) Law society of Ontario fee
The amounts will vary depending on how expensive your condo is and the location. Don’t be scared about the closing costs, everyone who buys a new condo has to incur the same costs this goes into their budgeting when they decide on a selling price. By being a part of Platinum group of buyers, you will have access to the lowest initial pricing and will have a positive buffer to work with compared to the typical purchaser at the project.
Consult a sales representative for more details and to calculate your approximate closing costs and consult experts when you are planning your investment.
International purchasers will need to provide:
(1) Deposits totalling 35% of the purchase price.
(2) Two forms of government issued photo ID.
With increased scrutiny on the transfer of international funds, the developer may request additional documents to confirm the source of the funds.
Our Sotheby’s International network can provide you with white glove service in over 49 countries around the world. We can help you manage your investment as a turn-key service, with full rental and property management services available at your request.
Contact a sales representative for more details.[/toggle][toggle title=”When is the best time to buy a new condo?” open=”no”]In a typical pre-construction condo launch the best time to purchase is during the Platinum launch. The prices are the lowest and the availability is more open because the building just started sales.
In some cases, if the project is between 60-70% sold, the developer may choose to make a push to reach their construction financing targets (typically 75% of the project should be sold before a bank will finance the construction). In this scenario, the developer will offer a few Platinum brokers access to these special incentives for their clients to reach their financing target.
Working with a Platinum agent has significant benefits in either scenario, if you aren’t in the know you will miss out on these opportunities.
Short term investor: Will sell before final closing via an assignment or shortly after final closing. This investor does not want to be a landlord or deal with maintaining condos and are usually interested in established neighbourhoods and projects where they can see appreciation on their deposits that are above what they would get by keeping their money in the bank or in mutual funds.
Medium term investor: Will buy pre-construction and rent the property for a few years before selling the condo for a profit. This takes a bit more management and patience but will allow you to get a higher return on your money. The renter will pay your mortgage for a few years and put some additional equity in your pocket while the market value of your condo appreciates further. Most investors fall within this category.
Long term investor: Will buy pre-construction and rent the property indefinitely with no plans to sell. This type of investor is thinking about condominiums as a way of building wealth over the long term. Their portfolio of condos are being paid off by their tenants and are increasing steadily in value over time. With this method, a long term investor will eventually have several paid off properties that are generating cash flow for them.
The beauty of pre-construction condos is that you have the time and flexibility to adapt your strategy. We typically recommend a medium to long term approach to investing in real estate because that is the safest and most reliable way to build your wealth with a cash producing asset.
Crosstown Condos: Get to Know the Neighborhood
The creation of crosstown condos is one of the biggest projects of Aspen Ridge. In order to give a more urban lifestyle to the people in the area, Aspen Ridge plans to create its own community in Toronto where the residents will be able to enjoy a luxurious lifestyle and have access to many various venues of work, play, and relaxation.Crosstown Condos is a 60-acre community filled with the best contemporary designed condos that offer luxury amenities. Crosstown is near the border of Toronto’s biggest park system, allowing you to have access to a lot of greenery wherein you can enjoy the fresh air and relax in one of the parks.You’ll also have easy access to various public parks, gardens, playgrounds for your kids, and picnic areas. For shopping, there will be a lot of shops and malls that allow you to really have an urban shopping experience. You’ll also find a lot of restaurants and cafes here where you can try out some delicious food and have a cup of coffee. Finally, you’ll be close to a beautifully constructed community center where some of the community events will be held.Aspen Ridge plans to put up more than 18 condominiums for residents who want to live there. Aside from that, they also plan to put up townhouses for those who want to live in a house instead of a condominium. One of the things that you’ll notice about the design of their condos and townhouses would be that they are all contemporary and modern. These days, people love contemporary designs for both architecture and interior. With that, they have a really wide target market, focusing on people who want to have a more urban and modern type of lifestyle.The community is located right in between Don Mills Road and Eglinton Ave. So, even those who live outside the community but near this area may also pay a visit to the community in order to check out the cafes, offices, or the shopping centers. For transportation, the community is located near the Metrolinx line along Eglinton.Just to give you an idea, Crosstown is really near a lot of other landmarks that surround the area. It is near Don Valley Parkway and even right across the Ontario Science Center. It’s also near other public parks such as Sunnybrook Park, Wilket Creek Park, and Seaton Park. You’ll also be able to find the Aga Khan Museum nearby and a lot of restaurants as well as pubs where you can enjoy yourself and relax.Crosstown is the next best thing that’s going to be built in Toronto. The wonderful thing about Crosstown is that it will offer a luxurious lifestyle to anyone who wants to live there. Create memories, meet new people, and overall enjoy what the homes and the community as a whole can offer.
Crosstown Condos: Get to Know the Builder
If you’ve heard about the new community project in Toronto known as Crosstown, then you’ve most likely heard about the builder behind it. The company behind this project is known as Aspen Ridge and is a company known for many projects involving the creation of communities and urban homes. Aspen Ridge has been in the business for twenty-five years. It first started out as a family business and extended its reach to become one of the most well-known contemporary builders in the local industry. The team behind Aspen Ridge come from various backgrounds involved in construction, development, and architectural design. That is why they are able to provide such beautiful homes and landscapes for their clientele. The whole vision of Aspen Ridge revolves around excellent customer satisfaction. They built their company on the strong tradition of quality craftsmanship and overall beautiful design. They have immense experience in community development, so they know exactly what homeowners want when it comes to their homes. Aside from communities, they also build homes inside such as townhouses and condos. Another aspect of Aspen Ridge would be its charitable acts. Aside from just satisfying clients, they also donate to existing communities in order to help them develop their lives. In fact, they have donated $100 for every home that they sold in the York Region just last year. Through that, they were able to raise a total of $30,000. This enabled them to reach out to a lot of communities through their acts.One of their most outstanding creations would be their new 8000 square foot Design Studio in Concord. What makes it really nice would be its relaxing atmosphere and beautiful decoration. It combines elements of contemporary design and traditional interior. This beautiful mixture resulted in a very sophisticated and exquisite architectural wonder.As mentioned above, Crosstown is one of the latest creations of Aspen Ridge that is sure to hit the markets soon enough. The beautiful community of Crosstown will be made to be people-centric so that every resident can enjoy the company of each other. It will also have beautiful high rise residential and commercial buildings to house apartments and offices respectively.