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.

STUNNING LINK SINGLE DESIGN
by FIFTH AVENUE HOMES
RICHMOND HILL 

This stunning 2244 SqFt
Link Single layout is on a 30′ lot!

Priced at $1,193,244.00


Only 10% Deposit!


A TRULY BEAUTIFUL PLACE TO CALL HOME!
Simply put, Towns & Linked Singles, like none other.
For those who appreciate the finer, uncommonly beautiful things in life!

Convenience. Schools. Shopping. Minutes from Sunset Beach. Richmond Hill is a desirable place to live! 

For more designs and info please call Mike 416.333.3263

Dec. 17, 2018:

X-Mas Special!

EXCLUSIVE INCENTIVES FOR A LIMITED TIME EXEPTIONAL EXTENDED DEPOSIT STRUCTURE
 
ONLY 3% With Offer* $25,000 JUNE 1ST, 2019 $25,000 JANUARY 2ND, 2020 Balance of 10% ON JULY 1st, 2020

STANDARD FINISHES INCLUDE: 

CONTROL4 – COMPLETE SMART HOME SYSTEM: (1) Control4 CA1 Controller (2) Control4 Smart Keypad Dimmers (4 )Control4 Smart Switches (1) Keypad Engraving (1) Door Ring system 

SOARING 10 FT CEILINGS ON MAIN & 9 FT CEILINGS ON GROUND & UPPER (SMOOTH CEILINGS THROUGHOUT) 

QUARTZ OR GRANITE COUNTER TOPS – THROUGHOUT KITCHEN AND ALL BATHROOMS 

4” NATURAL OAK ENGINEERED HARDWOOD THROUGHOUT ALL FLOORS (NON-TILED AREAS) 

5.25” BASEBOARD THROUGHOUT & MATCHING 3” CASINGS THROUGHOUT 

ISLAND BREAKFAST BAR 

KITCHEN CABINETRY WITH EXTENDED UPPER CABINETS

FAST FACTS

Located in Richmond Hill (Oak Ridges) on King Side Road on the north side between Bathurst and Yonge Street

Total lots 47:

10 Links – (lot frontage vary from 27’ to 34’) Designs 2244sqft – 2659sqft (excluding basement)

37 Townhouses (lot frontage vary from 19’ – 79’) 18 Front load – Designs 2022sqft – 2090sqft (excluding basement) (garage at the front) 19 Rear Load – Designs 2067sqft – 3390sqft (excluding basement) (garage at the back)

Monthly Maintenance fees $199 – includes snow & garbage removal and maintenance of common area Occupancy:

Tentative Fall 2020

Property Taxes for 2018: $0.72% approx. of purchase Price (yearly)

Lot Premium’s vary from: $8,000 to $40,000

Total Deposit $125,000 for Linked Singles- $50K with Offer (Draft) $25K in 30 Days $25K in 60 Days $25K in 90 Days

Total Deposit $110,000- $35K with Offer (Draft) $25K in 30 Days $25K in 60 Days $25K in 90 Days

         High quality features – Platinum Special:  

CONTROL4 – COMPLETE SMART HOME SYSTEM WHICH INCLUDES: (1)Control4 CA1 Controller (2)Control4 Smart Keypad Dimmers (4)Control4 Smart Switches (1)Keypad Engraving (1)Door Ring system

SOARING 9FT CEILINGS ON GROUND AND UPPER FLOORS – 10FT CEILINGS ON THE MAIN FLOOR

KITCHEN CABINETRY WITH EXTENDED UPPERS AND ISLAND BREAKFAST BAR

CHOICE OF QUARTZ OR GRANITE COUNTER TOPS (THROUGHOUT KITCHEN AND ALL BATHROOMS, WHERE APPLICABLE)

4” NATURAL OAK ENGINEERED HARDWOOD THROUGHOUT ALL FLOORS (NON-TILED AREAS)

5 1/4” BASEBOARD THROUGHOUT WITH MATCHING 3” CASINGS THROUGHOUT

SMOOTH CEILINGS THROUGHOUT

1 YEAR MAINTENANCE INCLUDED

Area:

Oak Ridges is located about 20 km north of Toronto, it has a population of approximately 36,000 people (est. 2015). The town developed around Lake Wilcox the largest lake in the area and a community within Oak Ridges, and has continued to expand slowly since its annexation by the Town of Richmond Hill. Lake Wilcox is only a short drive and has a beautiful beach area. It is used for recreational purposes and camp activities in the summer. Population has grown significantly as a result of development initiatives along Bayview Avenue. The Oak Ridge’s Community Center was built and completed in June 2012 to accommodate community demand. Richmond Hill offers more than 166 parks, 150 km of trails and 544 hectares of natural areas there’s something for everyone to discover and explore

Conveniently located close to shopping, take out and dining along Yonge Street just north of King Side Road.

Several Big malls to choose from: all only a short drive (Hillcrest Mall, Markham Mall, Vaughan Mills, Upper Canada Mall)

Viva bus service is accessible to passengers using mobility devices in Oak Ridges at the Yonge and King stop.

Bloomington GO Station (now under construction) is a train & bus station in GOTransit network located in the extreme northeast corner Richmond Hill, serving Oak Ridges and the town of Whitchurch-Stouffville. It will become the new terminus of the Richmond Hill Line train service when its construction is completed in 2019.

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.

Please request for the details.

Please call us for viewing.

The location is South of Steeles, in between Yonge and Bathurst.

Detached homes of sizes up to 4,773 sqft.

Prices from $2.6 million.

Please contact me for registration to get one before others.

Details available at the end of April.