2720 Dundas St W Est. Occupancy: 2021

OVERVIEW

2720 Dundas St W
The Junction
Globizen Developments
Superkul
Completion: 2021
9 Storeys
144 Units

Junction House Condos in the Junction, Toronto

The Junction House is a boutique condo coming to Toronto’s Junction neighbourhood. Designed by architect firm, superkul, this striking pre-construction condo is inspired by Canadian minimalism, both inside and out, striving for simplicity and serenity.  The Junction House has been made approachable with warm and natural materials, as well as with local and contextual elements from both the Junction neighbourhood and beyond.

The building features a variety of different suite types, including The House Collection, which is comprised of spacious two-storey suites and laneway houses. Designed with an emphasis on livability and access to light, each typical one bedroom suite at Junction House comes standard with a living room measuring over 14 feet in width. This is anything but typical. Of the 144 units, 24 will be two-storeys and seven are similar sized towns at grade level.

The Penthouse Residences at the Junction Condos have been designed to flow seamlessly from room to room. With living spaces featuring nine foot ceiling heights, contemporary materials and finishings, and expansive outdoor terraces, these are spaces designed for both entertaining and ease of living. Dine-in and enjoy your spacious open concept designer kitchen, featuring integrated appliances and a gas cooktop. Or lounge outdoors with sweeping views of Toronto city on your large terrace, fixed with a natural gas connection for your BBQ, and a hose connection for your garden.

Take the elevator to the rooftop and you’ll discover a 4,000 square foot outdoor lounge with a variety of spaces to enjoy. Featuring a fire pit, BBQs, a harvest table, and loungers, it’s the perfect spot to relax and unwind. Invite your friends over for dinner, bring your laptop and do some work, or curl up with a book while soaking in the sun and unparalleled views of Toronto.

FLOOR PLANS

1 Bedroom
1 Bedroom+Den
2 Bedroom
2 Bedroom+Den
3 Bedroom
3 Bedroom+Den

AMENITIES

Gym
Yoga Room
Coworking Space
Rooftop Terrace
Fire Pits
BBQs

REGISTER FOR ACCESS TO JUNCTION HOUSE 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.