101 Spadina
Details
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Beds3.5
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Year builtNovember 2029
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Type
Details
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Beds:3.5
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Status:
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Parking Purchase Cost:195000
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Additional Parking Details:Available to Suites 900 sqft and above
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Storage Cost:15000
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Locker Cost:N/A
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Occupancy:N/A
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C.C.maint:0.75
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Additional Storage Details:N/A
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Additional locker Details:N/A
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Sale Start:April 2024
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clmonthyear:N/A
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Average PPS:$1,743
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Has condo:1
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Area Sqft:441 - 6169
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Celling:9,9
Overview
101 Spadina is a new condo community by Devron currently in preconstruction at 101 Spadina Avenue, Toronto. The community is scheduled for completion in Nov 2028. Available units range in price from $779,000 to $3,049,000. 101 Spadina has a total of 363 units. Sizes range from 441 to 1,466 square feet.
Reasons To Buy
Education Excellence: As Canada’s largest hub for education, research, and innovation, Toronto is home to world-class institutions such as the University of Toronto, Toronto Metropolitan University, and York University. These universities contribute significantly to the city’s ability to attract top talent and leading businesses.
Cultural Diversity: Globally celebrated for its multiculturalism, Toronto is among the world’s most diverse cities. Over half of its residents (51%) were born outside of Canada, and more than 150 languages and dialects are spoken throughout the city.
Booming Tech Industry: Toronto is home to one of the fastest-growing technology sectors in North America and the continent's second-largest financial hub. Within a 3-kilometer radius of Maison Wellesley, downtown Toronto has experienced a substantial tech surge, drawing major players like Amazon, Netflix, Google, DoorDash, IBM, Uber, and others to expand or strengthen their presence in the city.
Population Growth: To accommodate the needs of Toronto's expanding population, an estimated 259,000 new homes will be required by 2031. However, projections indicate that only 157,800 homes will be built within this timeframe. This shortfall is expected to drive up demand for existing properties, likely leading to increased real estate prices and higher rental costs.
Marketing Summary
A distinctive residence coming soon to Toronto’s Entertainment District. Source: Devron
Features Finishes
BUILDING FEATURES • Thirty-nine-storey building with traditional stone construction • Geothermal heating and cooling • Concierge 24 hours per day, 365 days per year. • 4 faster premium elevators • Rooftop Terrace, Outdoor Dining and Lounge, Multipurpose Lounge and Bar • Rooftop Double Height Ding and Lounge • Co-working Library Lounge • Media Lounge, Fitness and Yoga Studio, Steam Sauna Rooms SUITE FEATURES • Approximately 9' smooth ceiling throughout suites • Doors open to Terrace or Julie Balcony* • 4" high baseboards • Windows with interior black frame colour • Leak detection sensors in every suite • High-efficiency heat pumps with integrated energy-recovery ventilators looped into the geothermal system • Pre-wired communication outlets* • Pre-finished water-resistant luxury vinyl tile floors in living areas*** • Better kitchen features (Undercabinet lighting, Full pull-out pantry* or Half-height spice rack*) • Paneled interior doors with contemporary hardware and privacy sets in bathrooms • Wood shelf and rod in all closets • Pot Lights in living area standard in all suites* KITCHEN FEATURES • Custom-designed kitchen cabinetry in a selection of door finishes • Soft-close door hinges and draws • Surface-mounted lighting in the kitchen • Quartz surface countertop and matching backsplash • Single bowl under-mounted stainless steel sink • Full pull-out pantry or Half-heigh spice rack APPLIANCES • MIELE or equivalent Panelled 24” or 30” refrigerator • MIELE or equivalent Panelled 18” or 24” dishwasher • Over-the-range (OTR) or under-counter microwave1 • MIELE or equivalent stainless steel electric built-in oven, electric built-in cooktop • Stacked or side-by-side washer and dryer BATHROOMS • Custom-designed bathroom vanity in a selection of door finishes • Quartz surface countertop • Wall-mounted mirror with wall sconce • Choice of designer-selected full-height porcelain wall tiles for tub surround and shower walls • Frameless glass enclosure in shower • 5’ soaker bathtub as per plan • Pot light over the bathtub and/or shower stall • Pot lights in the washroom • Vinyl wall covering in master ensuite and powder COMFORT SYSTEMS • Each suite to have individually metered, controlled heating and cooling system providing heat and air conditioning all yearround.
Deposit Structure
$10,000 on Signing Balance to 5% in 15 Days 5% in May 2025 (380 days) 0% in 2026 (730 days) 5% in May 2027 (1,100 days) 5% on Occupancy (2028)
Incentive Detail
8% interest on deposits; 10% deposit (select); $12,000 referral program; Capped development charges; Extended deposit structure; No assignment fee (Q4-2024)
Pre Incentive Details
: Flexible Deposit Options: Only a 10% deposit is required on select suites.
: 8% Deposit Interest: Receive 8% interest on deposits, credited at closing.
: Referral Incentive Program: Earn $12,000 for each friend you refer who purchases a suite.
: Interim Occupancy Leasing: Permission to lease your unit during interim occupancy.
: Assignment at No Additional Vendor Fee: $0 vendor fee, with only a $750 + HST solicitor fee.
: Capped Development Charges: Enjoy fixed fees on development levies.
: Priority Pricing and Floor Plans: Early access to the best unit availability and pricing.
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