Project Name: Park Place Condos

Address: Commerce St. @Highway 7, Vaughan, Ontario

Developers: Smart Centres, Smart Living 

Completion Date: Early 2027

No. of Units: 1070 units

Unit Sizes: 477 to 955 square feet; luxury one-bedroom & two-bedroom

Park Place Condos By SmartCentre's SmartLiving, Vaughn, Toronto

Project Overview 

Developed by SmartCentres residential subsidiary, SmartLiving, Park Place Condos is primely tucked within SmartLiving’s flagship Located on Highway 7 – Commerce St. @Highway 7, Vaughan, Ontario – there are many shopping, dining & other recreational amenities 5 minutes away by car or walk! 

Designed by the talented team of architects at Hariri Pontarini, this condominium community consists of two towers, 48 & 56 stories high. But this isn’t your average ‘twin-tower’ design. With the ingenious use of ‘terracotta fins’, a steeped silhouette effect adds to the elegance and quiet luxury promised by the design. 

The towers rise above this massive 9-acre central park designed by renowned architect Claude Cormier. In addition to its spectacular layout, design & beauty, some of the green space amenities include: a dog park, multiple parkettes, a sky fountain, outdoor patios, and space for year-round events. 

What sets the Park Place Condos project apart from other high-end projects is its promise to offer luxury and relaxation. It’s neatly enveloped within Vaughn’s burgeoning SmartVMC making things super convenient for everyone. It offers space – nearly 40,000 square feet of space for indoor and outdoor amenities. Each individual unit offers luxury. It has an open-pan design with a trendy bathroom that’s equipped with a tub & rain head shower. 

Why Invest In Park Place Condos?

– Highly accessible location, close to transit hub connected with major local transportation systems 

– Prime location within Vaughn’s SmartVMC, highly convenient for residents with offices, schools, & shopping centers all accessible 

– Offers residents the best of both worlds: luxury & well-being (with a focus on green spaces & fitness centers) 

In case you want more information before you register, contact us or book a call and we’d be happy to help.

Location / Neighbourhood


If you rely on local transportation, the Park Place Condos is great for you. Like we said before, it’s just so neatly tucked into Vaughn’s SmartVMC (a transit hub) that it makes life super convenient.


– If you’re traveling within Toronto GTA: Vaughn Subway Station literally minutes away by a walk
– If you need to travel within the York Region, the Viva Rapid Transit system from Highway 7 connects to Markham, Richmond Hill, Vaughn, Aurora & New Market.
– If you rely on the GoBus for your travels, the closest stop is at the New Jane & Highway 407 station, (a 14-minute subway ride from Park Palace Condos)

– If you use your own vehicle, Park Place is located on Highway 7 – with Highways 400 & 407 being extremely accessible. There are connections that make Highways 401 and 427 accessible too.


Local Attractions

Few shopping, dining & recreational local attractions nearby:
Shopping: Vaughn Mills, IKEA, Costco, Yorkdale Shopping Center 
Recreation: Cineplex Cinemas, Canada’s Wonderland, Dave & Buster’s, Boyd Conservation Park, Sports Village, YMCA 
Restaurants: Earl’s Kitchen + Bar, Balzac’s Coffee Roasters, Aloha Poke, Chop Steakhouse & Bar, Botticelli Restaurant, The Keg Steakhouse + Bar 

The two towers will also share a centrally-located lobby that will have pedestrian access from Dawes Road and a passenger drop-off/car entrance from Guest Avenue to the west. When it comes to public transportation, Dawes Condos is nearly unbeatable with its Rider’s Paradise Transit Score of 93. In just 8 minutes by foot, condo residents can walk to the Main Street Line 2 TTC subway station, allowing them to commute downtown in just 36 minutes.

Conversely, residents can also walk to the nearby Danforth GO Station in the same amount of time, allowing for downtown commutes of just 23 minutes.

And, other than use bus routes found throughout the neighbourhood, residents can opt to use a vehicle and drive downtown in just 22 minutes or the Beaches neighbourhood in just 11 minutes.

Wide-ranging in its influence, fully-encompassing in its convenience, awe-inspiring in its luxurious design — this east-end condominium has it all, making it the ideal home for new families and the ideal investment for savvy investors.


1 Bedroom, 3-floor plans 

(477 sq ft to 587 sq ft)

1 Bedroom + Den, 4-floor plans 

(588 sq ft to 593 sq ft)

2 Bedroom, 4-floor plans

(733 sq ft to 905 sq ft)


– Overlooking a 9-acre central park with green amenities like dog parks, mini parkettes, space for events, a fountain, etc.

Steps away from Vaughn Subway Station


– 40,000 square feet of indoor & outdoor amenities with 100’s of green trails, indoor lobbies, etc.

– A fitness center that’s fully equipped with natural-light

– A fully equipped party room


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.
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.
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
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.
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)
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.
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.
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.
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.
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.



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