Park Place VMC Condos: A Luxurious Living Experience in Vaughan Metropolitan Centre

Park Place VMC Condos by SmartCentres and SmartREIT is a new pre-construction condo development located in Vaughan Metropolitan Centre, offering a luxurious living experience to its residents. The two towers, designed by Hariri Pontarini Architects, will have 48 and 56 storeys, respectively, and a total of 1,111 suites.

Neighbourhood Highlights:

Vaughan is a rapidly growing city and is the 17th largest in Canada. It is a multicultural and diverse city, home to people from various backgrounds. The new Vaughan Metropolitan Centre serves as the city’s central business district and contains a mix of residential condominiums, office towers, retail, parks, pedestrian paths, and a subway station. Some of the highlights of the neighborhood include world-class shopping and restaurants, parks and recreational facilities, a vibrant arts scene, a robust public transit system, and a state-of-the-art hospital.

Amenities:

Park Place VMC Condos is a mixed-use residential and retail development on 1.7 acres of land. The building will have a total gross floor area of 957,000 sq ft and will include 20,170 sq ft of retail space. The development will feature two towers – the north tower will have 48 storeys and face New Park Place, while overlooking the central park, and the south tower will have 56 storeys. The building will also have a three-level podium and three levels of underground parking.

Incentives:

Park Place VMC Condos is offering several incentives for buyers, including a 15% deposit structure, six months free maintenance fee, capped development charges, and the right to lease during occupancy. The development is also offering a free assignment, and buyers will receive $750 in legal fees paid by the purchaser. Additionally, the development is offering free roller blinds, valued at $2,000.

About the Developer:

SmartCentres and SmartREIT are the developers behind Park Place VMC Condos. SmartCentres is one of Canada’s largest real estate developers and operates 167 shopping centres across the country. SmartREIT is a real estate investment trust that owns and operates 158 retail and mixed-use properties throughout Canada.

Deposit Structure:

Park Place VMC Condos is offering a straightforward deposit structure. Buyers can secure a unit with a $10,000 deposit upon signing the offer. The balance amount can be paid in instalments of 5% in 30 days, 5% in 120 days, 2.5% in 300 days, and 2.5% in 540 days. For international buyers, the deposit structure includes a $10,000 deposit upon signing the offer, followed by a balance of 10% in 30 days, 10% in 120 days, 10% in 400 days, and 5% in 620 days.

Park Place VMC Condos by SmartCentres and SmartREIT presents an excellent investment opportunity for those seeking a luxurious living experience in Vaughan Metropolitan Centre. The development’s prime location, excellent amenities, and attractive incentives make it an ideal choice for buyers. Contact SG Homes for more details.