Dundas St W & Denison Ave Est. Occupancy: Fall 2024

OVERVIEW

Dundas St W & Denison Ave
Alexandra Park
Tridel
Completion: Fall 2024
15 Storeys
175 Units

MRKT, Toronto

MRKT is a rare opportunity to live in the cultural epicentre of Toronto. Steps from Toronto’s Kensington Market, Queen West and Chinatown, MRKT will be a 15-storey condominium set to transform the Alexandra Park neighbourhood. This will be the latest phase of the Alexandra Park master-planned community.

Making well-being the priority, MRKT will feature amenities for all aspects of your lifestyle including a two-storey gym, swimming pool and rooftop terrace, a private, landscaped courtyard, an outdoor terrace and garden, and a kids’ zone and youth zone. The exterior will be aesthetically beautiful, and sure to become a future landmark for the Alexandra Park neighbourhood.

When you live at MRKT, you’re in the centre of the downtown action, with fast, easy access to every city amenity you could every imagine. Queen West, Chinatown and Kensington have infinite options for grabbing groceries. From supermarkets to specialty boutiques, you’ll find ingredients for whatever you’re cooking up in your kitchen. Eating out? No problem! MRKT is bumped up against an area dense with the best places to eat and drink in the city. Whether its La Palma, Aloette, or La Palette in Queen West, or the restaurants that bubble over with flavours from the Pacific in Chinatown, your options are endless. Be moments from several bars, art, green retreats, apparel stores and grocery stores while living at MRKT, a location that provides convenience like no other. Any time you need to get away or get around, MRKT will connect you to easy transportation options. Subway stops and streets are just steps away.

Purposeful design, in a new vibrant neighbourhood – this is MRKT.

FLOOR PLANS

Coming Soon

AMENITIES

Lobby Lounge
Concierge
Mail Room
Parcel Room
Dog Wash
Gym
Youth Zone
Kids Zone
Outdoor Dining
BBQs
Community Garden
Terrace Lounge
Outdoor Pool
BBQs
Bar
Private Dining
Party Room

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 MRKT

YES I WANT ACCESS