260 King St W Est. Occupancy: TBA

OVERVIEW

260-322 King St W
King West
Great Gulf
Dream Unlimited
Gehry Partners
Page+Steele
IBI Group Architects
Completion: TBA
91 Storeys
81 Storeys
1716 Units

Mirvish Gehry Condos in King West, Toronto

Frank Gehry’s architectural genius is no stranger to Toronto. In fact, Frank Gehry is a Toronto native, most famous for his redesign of the AGO in 2008. Frank Gehry, along with with David Mirvish (son of Ed Mirvish) are partnering up to build two supertall skyscrapers. Mirvish Gehry Condos will be coming to 260-322 King Street West, straddling Ed Mirvish Lane.

The two towers will be connected underground by a tunnel and will soar 91-storeys and 81-storeys respectively. The towers will offer 1716 residential condos and provide a luxury living experience. The west tower will also house a high end hotel on floors 10 through 20 as well as the 91st floor totally 209 hotel units. The hotel makes perfect sense at this address in the Entertainment District.

The hotel isn’t the only interesting feature coming to Mirvish Gehry Condos, they will also be offering two floors of the east tower. Frank Gehry is no stranger to the Toronto arts. Neither was Ed Mirvish. They’ll also be adding an art gallery in the east tower, to be named the Mirvish Collection. There will be a stunning canopy design over Ed Mirvish Lane adding some interesting architectural interest and fitting the design-style Frank Gehry is known for.

These Toronto skyscrapers will redefine our skyline but in a way that honours two iconic men from Toronto. Stay tuned and be sure to register for the first release of Mirvish Gehry Toronto floor plans.

FLOOR PLANS

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

AMENITIES

Gym
Party Room
Dining Lounge
Rooftop Terrace
More coming soon

REGISTER FOR PRICING AND FLOOR PLANS FOR THIS ICONIC DEVELOPMENT

YES I WANT TO REGISTER FOR MIRVISH+GEHRY CONDOS

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.