Overview

Mattamy Homes
Developers

32
Storeys

Condos, Residential
Property Type

607
Total Suites

coming Soon
Selling Status

Highrise
Building Type

Address

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Address: 2 The East Mall Crescent, Etobicoke, ON
City: Etobicoke
Postal Code: M9B 3Y6
Area: ETOBICOKE NEIGHBOURHOODS, TORONTO NEIGHBOURHOODS

Description

The Clove Condominiums in central Etobicoke represents a landmark Phase 1 master-planned investment opportunity. Developed by Mattamy Homes and The Biddington Group at 2 The East Mall Crescent, this 33-storey high-rise tower offers investors ground-floor pricing in a multi-phase master development, high tenant absorption near the Kipling Subway Hub, and predictable staged milestone financing.

The Clove Etobicoke — Platinum VIP Investor Profile

Developers: Mattamy Homes & The Biddington Group
Asset Type: 33-Storey High-Rise Condominium (Phase 1 of Master Plan)
Location: 2 The East Mall Cres, Central Etobicoke
Price Advantage: First-Phase Builder Pricing (Highest Projected Equity Spread)
Extended Deposit Schedule: Staged Payments Stretched Across Construction to 2028
Development Levies: Capped for Platinum VIP Purchasers
Assignment Rights: Free VIP Assignment Privilege Included
Interim Occupancy: Right to Lease During Occupancy Granted
Tenant Demographic: Downtown Financial District Commuters, Airport & Tech Staff
Transit Driver: 5 Mins to Kipling Subway Hub (TTC Line 2 & GO Rail)

The Phase 1 Master-Plan Advantage: Maximizing Capital Escalation

The most lucrative condominium investments in GTA real estate history have consistently been Phase 1 towers within large-scale master-planned communities. When developers build subsequent phases, pricing invariably escalates by 10% to 25% with each new tower release. By investing in The Clove today with Seema Gupta, investors lock in Phase 1 pricing and capitalize on the organic value appreciation generated by subsequent phases, retail expansion, and community infrastructure improvements.

Platinum Staged Deposit Schedule

SG Homes provides direct Platinum access with an extended, investor-optimized deposit schedule that minimizes upfront capital calls:

Initial Deposit: $10,000 on signing
30 Days: Balance to 5%
180 Days: 5%
365 Days: 2.5%
540 Days: 2.5%
Occupancy (2028): 5% on key handover

This extended schedule enables investors to secure a premier Toronto high-rise asset with flexible milestones while your equity benefits from long-term market growth.

Strong Rental Economics & Kipling Mobility Hub Connectivity

Central Etobicoke is experiencing strong tenant demand driven by its strategic positioning between downtown Toronto, Mississauga City Centre, and Pearson International Airport. The Kipling Transit Hub offers direct subway access into Toronto’s downtown core, making The Clove an ideal rental residence for finance, corporate, and healthcare professionals seeking modern amenities and lower rents than downtown high-rises.

Critical Investor Safeguards: Capped Levies & Assignment Clauses

Capped Development Charges: Development levies and municipal fees can significantly impact closing costs in the City of Toronto. Platinum VIP agreements secured through SG Homes include firm caps on development charges, guaranteeing financial predictability.

Assignment Rights & Right to Lease: Our VIP contracts ensure you maintain maximum liquidity with free assignment privileges prior to closing, alongside the contractual right to lease your suite during interim occupancy to generate immediate rental revenue.

Investor FAQs About The Clove Condominiums

Why is Phase 1 the best time to invest in a master-planned community?
Phase 1 offers the lowest entry price per square foot. As the master plan matures and subsequent towers are launched, developer price increases directly lift the value of Phase 1 units.

Can I rent out my unit during interim occupancy?
Yes, our Platinum agreements include the explicit right to lease during interim occupancy, enabling immediate rental income prior to final title registration.

Are development levies capped?
Yes, all Platinum VIP contracts negotiated through Seema Gupta include capped municipal and educational development charges.

Connect with Seema Gupta for Platinum VIP Allocation

Secure first-round worksheet approvals, preferred floor levels, and maximum builder incentives on The Clove Condominiums.

Direct Call / WhatsApp: 647-309-1165 | Email: info@thesghomes.ca
Brokerage: Intercity Realty Inc. Brokerage, 3600 Langstaff Rd Unit 14, Vaughan, ON L4L 9E7

Details

Price From Low $500,000
Property Type Condos, Residential
Property Status Coming Soon, Platinum Access
Developers Mattamy Homes
Storeys 32
Selling Status coming Soon
Building Status Pre-Construction
Building Type Highrise
Suite Type Studio to 3 Bedrooms
Occupancy 2028
Deposit Structure Extended
Total Suites 607
Maintenance Fee $ 0.65/Sq Ft
Parking Yes Request Parking Price
Locker Yes Request Locker Price
Parking Maintenance $29.95
Ownership Condominium
Assignment YES

Features

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