Detailed Description for Verge Condos

Verge Condos is an exciting new pre-construction condominium development by RioCan Living, strategically located at 1001 The Queensway in Etobicoke, Toronto. This project is poised to become a landmark in the Islington-City Centre West neighbourhood, offering a unique blend of urban living and suburban convenience. With the major intersection of The Queensway and Islington Avenue, residents will enjoy unparalleled access to a variety of amenities, including shopping, dining, and entertainment options. The development features two residential towers rising above a four-storey podium, designed to create an engaging pedestrian experience while providing a modern and luxurious living environment.

The Verge East Tower, a 17-story high-rise, is the highly anticipated second phase of this project, following the rapid success of the Verge West Tower. With 588 residential units, the building will offer a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom suites, catering to a wide range of lifestyles and preferences. Designed by the renowned Core Architects, Verge Condos promises to deliver contemporary architecture and high-quality finishes, ensuring that each residence feels like home.

Current Incentive of Verge Condos

For a limited time, Verge Condos is offering exclusive incentives to prospective buyers, making it an attractive opportunity for those looking to invest in a new home. The current incentives include:

• Buy with only 5% down and receive a $10,000 pre-paid MasterCard.
• Parking available for all suites measuring 515 sq.ft. and larger for $79,000.
• Locker available for all suites at a price of $7,500.
• Reduced assignment fee of $5,000, or $1,000 plus HST (excluding legal fees).
• Development, education, and transit charges capped at $18,000 plus HST.
• Option to lease during interim occupancy, providing flexibility for buyers.

These incentives not only make purchasing a unit at Verge Condos more accessible but also enhance the overall value of the investment.

Highlights of Living at Verge Condos

Living at Verge Condos offers a lifestyle that combines comfort, convenience, and excitement. Here are some of the key highlights:

• Prime Location: Situated in the Islington-City Centre West neighbourhood, residents will have easy access to a variety of amenities, including shopping, dining, and entertainment options. The nearby Cineplex flagship Queensway Cinemas and popular restaurants like Milestones and Montana’s Cookhouse make it a vibrant area for leisure and socializing.
• Excellent Transit Options: Verge Condos is conveniently located near TTC stops, providing residents with easy access to public transportation. Additionally, the Gardiner Expressway is just a short drive away, making commuting to downtown Toronto and other parts of the city a breeze.
• Proximity to Parks and Recreation: The development is surrounded by several parks, including Queensland Park, Queensway Park, and Winslow Dalesford Park, offering residents ample opportunities for outdoor activities and relaxation.
• Diverse Unit Mix: With a variety of unit types available, including studios, one-bedroom + den, two-bedroom + den, and three-bedroom + den suites, Verge Condos caters to a wide range of lifestyles, from young professionals to growing families.
• Modern Amenities: Residents will enjoy access to over 15,295 sq. ft. of outdoor amenity space, as well as a two-level underground parking garage with 591 vehicle spaces. Additional amenities include bicycle storage, providing a comprehensive living experience that prioritizes convenience and sustainability.

Reason to Invest In Verge Condos

Investing in Verge Condos presents a unique opportunity for both first-time homebuyers and seasoned investors. Here are several compelling reasons to consider this project:

• Strong Demand: The rapid success of the Verge West Tower demonstrates the strong demand for housing in this area. With the anticipated launch of the Verge East Tower, investors can expect continued interest and growth in property values.
• Strategic Location: The project’s prime location near major transportation routes, shopping centres, and recreational facilities makes it an attractive option for renters and buyers alike. This ensures a steady demand for rental units, providing potential investors with reliable income streams.
• Quality Development: Backed by RioCan Living, a reputable developer known for delivering high-quality projects, Verge Condos promises to maintain high standards in design, construction, and community planning.
• Future Growth Potential: As the Islington-City Centre West neighbourhood continues to evolve, with ongoing developments and infrastructure improvements, the potential for property value appreciation is significant. Investing now allows buyers to capitalize on this growth.

Deposit Structure of Verge Condos

The deposit structure for Verge Condos is designed to be accessible for potential buyers, making it easier to secure a unit in this desirable development. The current deposit structure is as follows:

• 5% deposit upon signing the purchase agreement.
• 5% deposit due 30 days after signing.
• 5% deposit due 90 days after signing.
• 5% deposit due 180 days after signing.

This staggered payment plan ensures that buyers can manage their finances effectively while securing their future home.

About Developer

RioCan Living is a prominent and respected developer in the Canadian real estate market, known for its commitment to quality, innovation, and community-focused developments. With a diverse portfolio that includes residential, commercial, and mixed-use projects, RioCan Living has established itself as a leader in creating vibrant and sustainable communities. Their focus on design excellence and customer satisfaction is evident in every project they undertake, making them a trusted choice for homebuyers and investors alike.

Verge Condos, a new pre-construction development by RioCan Living in Etobicoke, offers modern living with a prime location, attractive incentives, and a diverse unit mix. With strong demand and future growth potential, it’s an ideal investment opportunity for homebuyers and investors.