2359 Danforth Avenue Est. Occupancy: TBA

OVERVIEW

2359 Danforth Avenue
Danforth
Gala Developments
Completion: TBA
10 Storeys

Danny Danforth, Toronto

A charming new 10-storey building is coming to one of Toronto’s most iconic and vibrant neighbourhoods! Danny Danforth will be a new modern boutique-style condo in Danforth neighbourhood that offers a lifestyle like no other. 

Building Details

Danny Danforth will have various designer suites to choose from – everything from a studio to spacious 2 bedroom + den floor plans that range from 341sqft to 990sqft. This building has even more to love with the various lifestyle amenities including a party room with a fireplace, workspace/dining area and terrace, a well-equipped fitness & yoga studio as well as a concierge and pet spa for your four-footed friend. 

Neighbourhood

Danny Danforth Condos will be an attractive residence for investors and home buyers. In a prime and iconic Toronto neighbourhood, this area is flourishing with Real Estate, jobs, green spaces and gorgeous lake views! This neighbourhood is one of the top neighbourhoods in terms of its accessibility and proximity to the downtown core. 

By living at Danny Danforth you’ll be well served by public transit. It doesn’t get any more convenient living just minutes from Woodbine Subway and the Danforth GO Station. You’ll be able to get to downtown Toronto in as little as 30 minutes.

Running errands in Danforth neighbourhood will also be a breeze as it scores 91 out of 100 on the walk score. The area has countless independent and big box stores including Vincenzo Supermarket, Sobeys, LCBO, Winerack and Shoppers Drug Mart. You’ll also have countless dining options living at Danny Danforth Condos including Golden Pizza, KFC, Pavillion Pastries Cafe, East Toronto Coffee Co, Atto Sushi, Budapest, Gyoko Sushi, Coffee Time, Thai Room and more!

Looking for some nature? There are many green spaces and parks in close proximity to Danny Danforth. Monarch Park offers a variety of recreational facilities including a dog off-leash area, wading pool, swimming pool and a children’s playground. During the winter you’ll also be able to find an artificial ice rink in operation. You’ll also be close to The East Toronto Athletic Field – a field that encompasses a number of sports fields as well as a children’s playground and wading pool. By living at Danny Danforth Condos you’ll have an abundance of activities right at your doorstep!

Danny Danforth Condos makes for a great investment for home buyers or investors due to it’s convenient and iconic location. You’ll be loving life on the Danforth as you’ll have access to everything you need. 

FLOOR PLANS

Studio
1 Bedroom
1 Bedroom+Den
2 Bedroom
2 Bedroom+Den

AMENITIES

Party Room
Work Space/Dining Area
Terrace
Fitness & Yoga Studio
Concierge
Pet Spa

REGISTER FOR FLOOR PLANS AND PRICING AT DANNY DANFORTH CONDOS

YES I WANT ACCESS

PRE-CONSTRUCTION CONDO FREQUENTLY ASKED QUESTIONS

The process to buying pre-construction condos can be quite rushed. When you register with us for a project, we’ll reach out to you to get your specifics, so it’s good to know in advance the type of unit you’re looking for and your budget. If you register ahead of the sales launch and are serious about buying, we will get you to fill out a builder suite request worksheet.

You can see the full Steps to Purchase here.

By submitting a worksheet, you increase your chances of getting your preferred suite. In essence, it is a suite request sheet. It shows the condo developer that there are interested buyers. Agents are then allocated suites based on the worksheets they submit.

Many pre-construction launches are fast-paced and extremely competitive with buildings selling out in 24 hours. In these launches a suite request worksheet submission is necessary to ensure that you actually have a possibility of receiving the suite you’d like (but this is never guaranteed).

You are not guaranteed to receive the suite you request and you are also in no way obligated to buy the suite you’ve been allocated.

Learn more about builder worksheets here.

We are unable to guarantee that the suite you request will be allocated to you and your agent. Many pre-construction sales launches are extremely competitive and fast-paced. To increase your odds of receiving an allocation it is best to be flexible on the type of suite, floor and exposure that you have requested. You are also in no way obligated to purchase the suite you’ve been allocated.

Learn more about builder worksheets here.

Pierre’s expertise in Toronto’s pre-construction condo market has earned him Platinum Broker status among Toronto’s top developers. This means that when you buy or invest with the Pierre Carapetian Group team, you have your pick of the best floor plans and the lowest pricing available.

We represent you, not the builder and we will always guide you towards projects that we believe are a good investment and have great resale value.

Download our Pre-Construction Investment Guide to get better acquainted with the process.

The deposit structure on pre-construction condos will vary from project to project but generally breaks down like this:
$5,000 on signing
balance to 5% in 30 days
5% in 60-90 days
5% in 120-270 days
5% on occupancy

Yes. As we mentioned, the process to buying pre-construction can be quite competitive and rushed. After you’ve signed an Agreement of Purchase and Sale with the builder you are given ten days to look over the contract and ensure everything looks good for you. Keep in mind, the cooling off period is ten consecutive days, not ten business days.

Getting a lawyer, preferably one who is familiar with pre-construction contracts, is never a bad idea. We would encourage our clients to have a real estate lawyer review their Agreement of Purchase and Sale during the Cooling Off period. If you need help finding a lawyer, we can introduce you to our lawyer who handles many of our pre-construction clients.

You won’t need a mortgage pre-approval right away, but it is always best to speak to your mortgage professional so that you fully understand your borrowing power.

You will however need a Mortgage Letter that states upon the building taking occupancy you will be able to afford and carry the property. Typically this is required within the first 30 days of signing. It is always a good idea to get a mortgage pre-approval in the beginning of your real estate journey so that you know how much you can afford.

On closing, which is three to four years after signing, you will need to pay closing costs. As with any property purchase you will have to pay:
• Legal fees (about $1,500-$2,000)
• Municipal & Provincial Land Transfer Tax (this will depend on the price of the property–use our Land Transfer Tax calculator)

In addition to these, pre-construction closing costs also include:
• Development charges (these vary per project depending on the unit type but can range from $5,000-$12,000)
• HST (for investors, which can be rebated back up to $24,000)

Read more on the nuances of Closing Costs here

This will depend on whether you are buying as an end user (planning to live there) or an investor. In Ontario, there are two types of HST Rebates in place for newly built properties.

If you are buying as an end user, typically the Ontario HST rebate is assigned to the builder directly upon closing, allowing the builder to essentially pay the cost of the HST from your purchase.

If you are buying as an investor, you must pay the HST upfront at closing and have your lawyer file for a full HST rebate, refunded 4 to 6 weeks later provided they have a one year lease in place.

You can read more on the HST Rebate here.

REGISTER FOR FLOOR PLANS AND PRICING AT DANNY DANFORTH CONDOS

YES I WANT ACCESS