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!

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

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.

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.

Amenities on the 1st, 7th, and 9th floors.

If you tell us your desired floor, size, direction, and budget, we will secure a good unit.

teamyoon.ca@gmail.com or call 416-333-3263.

Have a wonderful day!

Team Yoon Real Estate Services

March 12, 2021 Update:

For the Lake Lovers, Please check the LAKEVIEW COLLECTION in the chart below. Suite comes with 1 free parking.

Jun. 20, 2019 Update:

Available Units are Limited.

May 14, 2019 Update:

1 Parking Lot is included in Lagoon Model.

Actually the price is really good compare to other new condos currently sold around.

June 2, 2018:

Rising on the shores of Toronto’s waterfront,
Sugar Wharf is a community of extraordinary proportions.
Striking the perfect work-life balance, this exceptional
development will be the future-forward ideal today’s urban
population seeks. Home to 7,500 residents, and 4,000
office workers once completed, this 11.5-acre community
offers homes, offices, shops, restaurants, school, daycare,
park and more. Equally connected to the city as
it is to nature, Sugar Wharf will revolutionize the way
Torontonians live and work.

Price is lower. It is about $150/sf lower than the adjacent project named One Yonge.

Platinum VIP Pricing:

Beach – 1 Bedroom from $530,990 = $1,090 PSF
Flow – 1 Bedroom from $545,990 = $996 PSF
Canal – 1 Bedroom+Den 1.0 from $650,990 = $1,154 PSF
Channel – 1 Bedroom+Den 1.0 from $675,990 = $1,093 PSF
Anchor – 1 Bedroom+Den 2.0 from $687,990 = $985 PSF
Breeze – 2 Bedroom from $842,990 = $1,083 PSF
Atlantic – 2 Bedroom from $742,990 = $931 PSF
Cove – 3 Bedroom from $1,010,990 = $1,103 PSF

Please call me to purchase or for more details.

Thank you.

March 12th, 2021 Update:

The Units on upto 78th floor are available for you to purchase. Any views from any units should be great for sure.

UNIT 7702

UNIT 7801

2020년 6월 14일 업데이트:

June 14th, 2020 Update:

Very nice units are available and not only its location and the height, but also the price is remarkable. Please keep reading to discover why.

The New Tallest Residential Building.

This building is the tallest residential building project ever in Canada. The floor levels selling are 27th to 67th. While the price Of projects in downtown core, such as 11 Yorkville and The United Building, already hits $2,000/sf, Sky Tower is sold for only about $1,350 per sf and upto $1,370 per sf for 27th floor. This is insanely low in my opinion. If it is built in Vancouver ocean side, it could be at least $2,000 per sf. Please see the Price below.

The Lake Ontario is a huge lake. When I see the lake I often forget it is a lake but feel it like an ocean. It is so big that there are quite a size of tides in windy days and there is of course the horizon(sealine) like at an ocean. There will be no Tsunamis at lake shores unlike sea shores.

I do not understand why the condos on the Toronto lake shore area so cheap compare to other places’ like Vancouver sea shore and Downtown core of Toronto. I can confidently predict that the condo price of Toronto lake shore will surpass the condo price of downtown core of Toronto in near future.

For details and prices of the project, please contact Mike.

December 5th, 2019 Update:

The tallest tower ever, Sky Tower of 1 Yonge is now available!

Please email us at teamyoon.ca@gmail.com for prices and floorplans.

Click Here for the VVIP Package (Brochure and Floor Plans)

Please email me for the Prices. Thanks!

May 9th, 2019 Update

Floorplans (Palatial)

Other Floorplans

Brochure

Mar. 21, 2018:

   

A little bit of everything is here in the massive project by Pinnacle who built the tallest buildings in a few cities in North America. There are 500 units of 500 sqft one bedroom units to 1,800 sqft 3 bedroom units.

Please contact me to purchase a unit or two. Or to find out more details.

Thank you very much!

Oct. 31, 2020 Update:

Please Click Below for Floorplans:

• Tower 2 Bedroom
• Upper Tower 2 Bedroom New
• Upper Tower 2 Bed+Den and 3 Bedroom
• High-Rise 2 Bed+Den
• High-Rise 3 Bedroom
• High-Rise 3 Bed+Den
• Lower Penthouse
• Penthouse

This will be the tallest residential building in Canada. 85 storey high. The current tallest residential building is Aura Condos at Yonge and Gerrard, with 78 Storeys.

Please Call Us for Prices.

Mar. 19th, 2018:

Feb. 25, 2020 Update:

It looks like to be sold next year.

December. 1st 2019 Update:

Coming on the 1st Quarter of year 2020.

The 49 Storey condo building by Menkes will be available very soon. So please make sure to secure your units. Call us NOW!

Currently the site is used as a parking lot on the South West Corner of Yonge and Sheppard.

The tower will be a mixed-use complex with retail and office podium, and residential tower above.

Canada’s Population is growing faster than any other country in the world. Every year it increases more than 300,000 people.

Toronto is 4th Largest City in North America. 38% of Canada’s Business HQs are located in the City. 2nd Largest Financial Centre in North America — $332 Billion economy.(7th in the world) Also it is the Fastest Growing Technology Centre in North America. (CBRE Research’s 2018 Scoring Tech Talent ranked Toronto 4th of top 50 tech talent markets. Toronto ranked 7th of 140 cities in the 2018 Economist’s Livability Survey. Toronto ranks 8th of 165 in 2018 Cities in Motion Index(CIMI). Toronto ranks 16th in the 2018 Mercer Quality of Living survey.

Toronto gets 30% of Canada’s population growth. Which is about 100,000 or more and 201,000 people will move into Toronto in the next two years. This number is not including the people who moves from other provinces and cities in Canada which is also significant. 70% of the immigrants to Toronto are 25 to 44 years old. International Students are not included either in this number. Approximately 40% of the total enrollment of the universities and colleges in Toronto is international students who require nearby housing.

Are there enough number of homes? No. 2017 hit 5 year low of delivering completed units to market. Down 24% from 2016. This has continued to decline 3 years in a row. Approximately 10,000 more housing units were finished in 2018. Those 201,000 immigrants to Toronto over the next two years need more than 50,000 housings.

The high demand and low supply imbalance will continue to raise the price of the houses and condos and rent rate in Toronto. Especially, for the condos, you may think condo price has been went up too high by comparing to house price which has been steady for the last two years. I believe, however, that the condominium price will continue to be strong. There still is lots of room, lots of reasons. Toronto is still in the early stage of the of becoming a major city process. The first condominium had been built in Toronto only half century ago. Currently, Toronto is provably the city which most condos are being built and has most plans to build high-rises in the world. We have been told that Toronto will be like New York. The majors cities, like New York, have high rise condos, many times more expensive than houses in the outskirt area of the city. Why not in Toronto? Traffic has been heavier and heavier these days. You can buy a very nice house outside of Toronto at the price of 3 years ago. However it becomes tougher to live outside of the city and work in the city, especially in downtown. Increased population caused more cars on the road. People spend more time on the very slow moving road instead at home. Unless you like house over condo and do not need to come to Toronto everyday, it is obvious that you need to buy a condo in the city over a house in the outskirt.

There has been the market cooling down time for last 2 years thanks to the new rule, 2017’s 15% tax on Foreign Buyers of Residential Property located in GTA and Horseshoe Area and following Mortgage Stress Test. It did slow down the market for 2 years very well. However, prior the rule, the market had been very healthy and there were not much problem. In my opinion, there were no reasonable cause to cool down the market but by simple atmosphere change in people’s mind.

Anyway, the price of house in outskirts is lower than two years ago, so it attracts the buyers who are OK to live outside of Toronto and the Toronto condo market is growing healthy with incredible potential. So it is an easy Yes for investors into Toronto market.