Queen/Jarvis St. (Toronto, Ontario, CA - M5C) Under Construction

Assignment Condo Sale

RE/MAX Realty Specialists Inc. Brokerage

Asha R. , Kamal K. , CPA Chhabra Asha R. , Kamal K. , CPA Chhabra 905-828-3434 (Office) 416-566-6872 (Cell) 905-828-2829 (Fax) Request More Info

  • Available 2018
  • Type: Residential
  • Style: Apartment
  • Bedrooms: 1 "+1"
  • Bathrooms: 1
  • Size: 577 sq. ft.
  • Development Level: Under Construction
  • Condo Fees: $347.18


Suite 1008 - 88 Queen Street East, Toronto (This project is called "88 North" by )

Here are some specs of this project and my unit:
- floor plan as per attached file, it's 577 SF for the suite + 61 SF balcony area)
- functional 1B+Den layout, Den can be used as a 2nd bedroom
- Large W/I closet and large balcony
- One locker & no parking
- Estimated management fee is: $347.18/month (as per proposed budget statement attached)
- Original purchase price in Jan 2016 was: $355,900 + $6,000 for locker added as amendment in Nov 2016, so total price was: $361,900. 20% downpayment to-date: $72,380.
- Target completion date: September 18, 2018.

Selling Price: $515,000 . The newly built "PACE" condo at Dundas/Jarvis is selling at close to $1,000 PSF. Latest release of a new project called "Social Condo" is selling at over $1,000 PSF. I think this unit is priced well and will rent well for between $2,100 to $2,400 per month)

Some highlights of this project:
- Reputable builder, great area (ie Church St & Queen)close to schools and offices; builder will develop a few more towers and make new green space for the area;
- Very functional layout (ie. no wasted space);
- Rare offered large balcony for a small unit;
- Locker included;
- Capped development levies at: $5,000 + HST; Meter installations capped at: $500 + HST; Park levies at: $1,000 + HST;

Sales office has confirmed that assignment permission for this unit is granted with admin fee of $500 + HST to the builder and $857 + HST to solicitor. I will cover this cost.



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