1285 Queen St East Est. Occupancy: 2022
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The Poet Condos in Leslieville Toronto

The Poet Condominiums in Toronto’s coveted Leslieville is a charming boutique building as charming as the neighbourhood it calls home. With only 69 suites, this boutique condo development in Leslieville will feature designer suites with wide plank laminate flooring, quartz countertops, soft close interior finish kitchen cabinetry with integrated appliances and all the nuances you want in a home.

Suites range from 1 bedroom to 3 bedroom suites and 2 bedroom plus den townhomes. Appealing to families looking for a place to call home, Leslieville is the perfect neighbourhood. The Poet Condos are ideal for urban families as the majority of the suites are two and three bedrooms, many with large terraces overlooking Maple Leaf Forever Park.

About The Poet Condos Location

Leslieville has the personality of a small village with its tree-lined lots, quiet streets, and boutique shops. It is peaceful and serene, which is uncharacteristic of a Toronto neighbourhood in such close proximity to the downtown core. But don’t be fooled by its serene image, there’s lots of excitement along the main street of Queen East. The Poet Condominiums is located steps from local favourites like Descendants Pizza, The Ceili Cottage, and Gio Rana’s Really Really Nice to name a few.

OVERVIEW

1285 Queen St East
Leslieville
Fieldgate Urban
TACT Architecture
Completion: 2022
6 Storeys
69 Units

FLOOR PLANS

1 Bedroom
1 Bedroom+Den
2 Bedroom
3 Bedroom
Townhomes

AMENITIES

Concierge
Gym
Yoga
Party Room
Media Room
Rooftop Terrace
BBQs
Fire Pits

INVESTING IN POET CONDOS LESLIEVILLE

CONDO MARKET IS STRONG. Prices continue to increase in the Toronto condo market. Condo prices for E01 (South Riverdale/Leslieville) continue to increase with a 15% year-over-year growth. See how well Leslieville’s real estate market has been performing over the last 5 years here.

MARKET DEMAND. Toronto’s low vacancy rate has new condos and lofts commanding record high rents especially in popular neighbourhoods like Leslieville.

FUTURE DEVELOPMENTS. The development of East Harbour that’s being added southwest of The Poet Condos is going to bring major change to the area. Not only will it be a major tech hub creating over 50,000 new jobs but it will also become one of Toronto’s new major transit hubs. New subway lines, LRT and Go Train lines are all being added and will connect through East Harbour. This development will have a very positive impact on price growth for the area.

Read “Why You Should Invest in Toronto Real Estate: The 20 Year Transit Plan”

LESLIEVILLE: THE NEIGHBOURHOOD FOR YOU

LOCATION IS KEY. Leslieville is a highly sought after neighbourhood for investors and residents alike. Queen Street East is home to a vast array of popular restaurants and eateries. You won’t go hungry here, The Poet Condos is located steps from Descendants Pizza, The Ceili Cottage, and Gio Rana’s Really Really Nice to name a few. Visit this stretch of Leslieville and you’ll quickly fall in love. Not only is the area full of the aforementioned restaurants and bars but it is walking distance to Loblaws and FreshCo grocery stores, Canadian Tire — all of your essentials.

EASY ACCESS. The Poet Condos in Leslieville, Toronto is in a perfect location for getting around. Just 2 minutes to Lake Shore Boulevard which can take you out of the city or into the downtown core within minutes. Directly on the Queen streetcar will take you to Yonge and Queen in 24 minutes with lots to do and see along the way. Not to mention travelling by foot. You can walk to the Beaches in 24 minutes (or take the streetcar and get there in 15 minutes).

SCHOOLS

ELEMENTARY SCHOOLS

Bruce Public School
Duke of Connaught Junior/Senior Public School
Leslieville Junior Public School
St. Joseph Catholic School
Morse Street Junior Public School

SENIOR SCHOOLS

Duke of Connaught Junior/Senior Public School
Riverdale Collegiate Institute

REGISTER FOR PLATINUM ACCESS TO THE POET CONDOS

YES I WANT PLATINUM 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.