Line 5 Condos - Incredible Incentives - Team Yoon Real Estate Services

Table of Contents

@ Yonge and Eglinton

80% Vendor Take Back Mortgage at 3.99% for 1 Year*

The most banks offer you around 7% interest with mortgage which is really hard to borrow anyway. However, The builder will lend 80% of the price on 3.99% interest rate.

There are two more years left until moving in, and after that, you can get a loan at a low interest rate and feel safe for another year.

$25,000 credit on closing for Studio, 1 Bedroom and 1 Bedroom + Den Suites
$35,000 credit on closing for 2 Bedroom and 2 Bedroom + Den/Media Suites and Townhome

$45,000 credit on closing for 3 Bedroom Suites

Plus

Extended Deposit Program

$5,000 on signing
Balance to 5% in 30 days
10% on occupancy

1 YEAR FREE MAINTENANCE **

$10,000 OFF THE PURCHASE PRICE *
Studio, 1 Bedroom and 1 Bedroom + Den Suites
$20,000 OFF THE PURCHASE PRICE *

2 Bedroom, 2 Bedroom + Den/Media Suites and Townhome

Check the FLOORPLANS and PRICES in the file below and call Mike! Good Luck!

Line-5-Last-Chance-2023-Floorplan-Package-2023-11-06-1 Download

2023. Jul. 29. Update:

Units of 30th floor and higher and Penthouse units are for sale with only 5~7.5% deposit until occupancy in 2023 winter when 10% deposit will be.

It is still Buyer’s Market! There are a lot of incentives, discounts, with preferred deposit schedules. Please contact Mike Yoon for details.

November 20, 2019 Update:

The rapid absorption of units at Line 5 Condos provides a significant case study on how specific project features and market timing intersect in Toronto’s real estate landscape.

Analysis of the “10% Deposit” Structure One of the most notable aspects of this project was its flexible deposit schedule, requiring only a 10% total deposit. In a market where 20-25% is often the standard, this 10% structure offered a unique opportunity for balanced capital allocation during the construction phase.

Market Response and Location Dynamics

Project Quality: Known for its high-end, hotel-inspired amenities, the building set a high standard for luxury in the mid-town corridor.
Distance vs. Value: While some initial market sentiment questioned the distance from the immediate subway station, the rapid sell-out demonstrated that buyers prioritized amenity quality and the unique deposit structure over mere proximity.
Success Factor: Congratulations to the clients who identified this project early and integrated it into their long-term housing strategy.

The Evolving Toronto Market Toronto continues to transition toward a condominium-dominant market. With the city’s significant annual population growth, higher-density housing remains a primary solution to accommodate the increasing demand for urban living.

Professional Reflection Real estate cycles often show that what once seemed “expensive” is later viewed through the lens of supply and demand shifts. While past performance is never a guarantee of future results, understanding the historical context of project pricing helps us better navigate current market complexities.

May 24, 2019 Update:

The introduction of a 10% deposit structure for all units at Line 5 represents a strategic shift in developer incentives, allowing for more accessible entry into the pre-construction market.

Click here to see Currently Available Units and Prices (Include NORTH Tower)

Click here for Brochure

South Tower, View from the South West Corner

NEW DEPOSIT STRUCTURE FOR ALL UNITS*:(ONLY 10% PRIOR TO OCCUPANCY) *Canadian residents only

$5,000 ON SIGNING, BALANCE TO 5% IN 30 DAYS
5% IN 120 DAYS
10% ON OCCUPANCY (estimated SEPT 30, 2022)

NEW INTERNATIONAL DEPOSIT STRUCTURE:
(TOTAL 20% DEPOSIT)

$5,000 ON SIGNING, BALANCE TO 5% IN 30 DAYS
5% IN 120 DAYS
5% IN 270 DAYS
5% IN 500 DAYS

FREE ASSIGNMENT *just pay $750 legal feeFREE RIGHT TO LEASE DURING INTERIM OCCUPANCYCAPPED DEVELOPMENT AND EDUCATIONAL CHARGES

$9,900 (STU/1BR/1+DEN)
$12,900 (2BR/2BR+DEN/3BR)

May 16th, 2019 Update:

10% Deposit

March 22, 2019 Update: The final phase of the project has been initiated with the release of upper-level units (30th floor and higher), including spacious 3-bedroom suites. For detailed availability, current pricing, and floor plans, please reach out for a professional consultation at 416-333-3263.

January 10, 2019: Following the rapid absorption of the North Tower in October, the release of the South Tower is now imminent. This project continues to draw attention due to its unique positioning in the Yonge & Eglinton corridor.

Location and Lifestyle Value

Premier Neighborhood: The Yonge & Eglinton area is consistently recognized in urban surveys for its excellence in transportation and cultural amenities.
Proximity: Strategically located approximately a 10-minute drive from downtown Toronto, it offers a balance between urban accessibility and residential tranquility.
Balanced Setting: Situated a few blocks from the immediate transit hub, the project provides a quieter living environment and more natural scenery, appealing to those who prioritize a higher-quality residential feel.

Market Positioning The North Tower, released on October 16th, was positioned at a competitive price point of approximately $900–$1,000 per sq. ft. and reached full capacity shortly after launch. This pricing was noted for its strategic value when compared to other contemporary projects in the immediate vicinity.

Investment Framework: The 10% Deposit Structure A defining feature of this release is the 10% total deposit structure, which offers a more flexible entry point for purchasers compared to the traditional 20% requirement. This allows for a more diversified capital strategy during the construction period.

South Tower and Podium, View from the East side

Investment Rationale and Location Study A detailed review of recent lease and sale transactions in the Yonge & Eglinton corridor reveals an interesting trend regarding proximity to transit hubs. While conventional wisdom suggests a significant price premium for units immediately adjacent to subway stations, the data in this specific sub-market shows a narrowing price gap between station-front properties and those situated within a 10-minute walking radius.

Factors Influencing Market Resilience

Environmental Considerations: In regions with severe winter climates, one might expect a steeper price decline for properties requiring a walk to transit. However, the resilience of pricing for projects like Line 5 suggests that buyers are weighing other factors—such as building quality and neighborhood lifestyle—equally alongside immediate subway proximity.
Emerging Infrastructure: The project is named Line 5 in recognition of the Eglinton Crosstown LRT, the new east-west light rail line currently nearing completion. This significant infrastructure investment is expected to redefine transit accessibility across the Eglinton corridor.

Professional Perspective on Local Trends Having been a long-term resident and active professional in this specific region, I have closely monitored these shifting market dynamics. The observed pricing stability for well-appointed buildings slightly off the main Yonge line indicates a robust demand for integrated urban living.

While market trends are subject to change based on broader economic conditions, the current data suggests that Line 5 represents a strategic option for those seeking a balance of luxury and long-term connectivity. We encourage all prospective purchasers to review these market trends alongside their personal financial goals.

Transit Development and Future Connectivity The Eglinton Crosstown LRT (Line 5) is a major infrastructure project that is expected to significantly enhance transit accessibility in the Midtown corridor.

Operational Outlook: The LRT system is anticipated to be operational in alignment with the local development timeline, providing efficient east-west travel across the city.
Strategic Expansion: Future phases of the transit plan include proposed connections toward Pearson International Airport, which may contribute to the long-term desirability and market positioning of properties along this transit spine.

Proximity to Key Transit Hubs The strategic location of Line 5 (117 Broadway Ave) offers residents multiple transit options within a short walking distance:

Mount Pleasant Station: The future Mount Pleasant LRT station is situated within approximately a 5-minute walk from the residence. (Indicated by the green circle on the right side of the provided map.)
Yonge and Eglinton Station: The existing Yonge-University subway line is accessible within approximately a 10-minute walk. (Indicated by the green circle in the lower-left corner of the map.)

Project Composition and Surrounding Landscape The Line 5 development is designed as a comprehensive residential community featuring:

Neighborhood Context: The project is situated adjacent to the Citylights Condos development by Pemberton, currently under construction at the southeastern corner of Redpath and Broadway. This cluster of new developments reflects the ongoing revitalization and densification of the Yonge-Eglinton neighborhood.

Architectural Scale: The North Tower rises to 36 storeys, while the South Tower stands at 33 storeys.

Diverse Layouts: The project offers a wide range of living options, including one-bedroom, two-bedroom, and three-bedroom suites, as well as townhomes.