Upcoming Pre-Construction Homes in Toronto
Jonny Phun · July 29, 2023
Welcome, future homeowners and savvy investors!
In this riveting blog post, we're bringing you an exclusive sneak peek into Toronto's hottest pre-construction homes.
Get ready to explore the untapped potential of these fantastic developments that are set to reshape Toronto's dynamic real estate landscape.
Meet the future superstars of Toronto's skyline: Foret Condos, 8 Elm on Yonge, No. 31 Condos, Goode Condos, and Centricity Condos.
Each development promises an exciting fusion of innovation, comfort, and prime location, adding a new dimension to city living.
Join us as we delve into the specifics of each project, illustrating why these opportunities are not just about buying a home but about investing in a thriving, vibrant future.
Let's unlock the doors of opportunity together and help you find your perfect piece of pre-construction real estate in Toronto.
Let's get started!
Foret Condos
Discover Foret Condos, a new pre-construction development located in the highly sought-after midtown Casa Loma neighbourhood.
Surrounded by an upscale Forest Hill community and green spaces, dining, shopping, entertainment, and transit options, Foret Condos offers over 1000 units and a new public park.
Enjoy the convenience of urban living with George Brown College and U of T just a short subway ride away.
The three high-rise residences at Foret Condos offer 1,160 residential units ranging from studios to three-bedroom apartments.
Easily accessible by the #512 St. Clair streetcar or St. Clair West subway station, the project is set to complete by summer 2027, with prices starting from $700,000, providing a compelling option for pre-construction homes in Toronto.
Canderel Residential, a well-known and reputable developer in the real estate industry, is behind this master-planned community. This developer's track record adds further appeal to Foret Condos as a top choice for pre-construction homes in Toronto.
Take advantage of amazing amenities and urban conveniences in the surrounding community.
Quick facts
Location: 490 St.Clair Ave West, Toronto
Occupancy: Summer 2027
Incentives:
Cashback from $60,000 to $100,000 for the following units:
Junior 1 Bed (from $580k - 640k ($1450-1550 psf)
1 Bed + Study (around $750K)
1 Bed + Den (from $829K) or with a larger second bedroom
Deposit structure:
$10K on signing
5% in 30 days
5% Jan 2024
5% Jan 2025
5% Occupancy in 2027
Learn more about Foret Condos and register for VIP pricing
8 Elm on Yonge
Coming soon to the heart of Toronto's Bay Street corridor is 8 Elm on Yonge, a stunning 69-storey pre-construction home in Toronto.
Developed by Reserve Properties and Capital Developments in collaboration with Simu Liu, this is the perfect blend of luxury and convenience.
Its prime location on Elm Street, just one block away from Yonge and Dundas, ensures easy access to the Yonge subway line, Dundas streetcar, hospitals, universities, and banks.
This makes it one of the most desirable pre-construction homes in Toronto for those who prioritize accessibility and urban living.
Nearby are plenty of entertainment and sporting attractions, including Yonge Dundas Square, Eatons Centre, Nathan Philips Square, Scotiabank Arena, Rogers Centre, and more.
A wide array of restaurants are also nearby, adding to the vibrant urban lifestyle.
8 Elm on Yonge is also perfect for students as it's conveniently located minutes from the Toronto Metropolitan University.
With 26,000 sq. ft. of indoor and outdoor amenities, including a Social Lounge, Sky Club, Fitness space, and Outdoor Terrace, 8 Elm on Yonge offers a luxurious urban lifestyle.
The development includes 819 suites, ranging from studios to three-bedroom units, designed to integrate the past with the present, preserving the James Fleming heritage building at the base of the condo.
Reserve Properties' unwavering commitment to communities and progressive approach to developments make 8 Elm on Yonge a unique opportunity to live in the heart of Toronto's financial district with all the amenities and conveniences of a modern urban lifestyle.
Quick facts
Location: 8 Elm Street, Toronto
Occupancy: June 2027 - 2028
Incentives:
Limited-time extended deposit structure – valid for the first 50 sales
$10,000 on Signing
Balance of 5% in 30 days
5% in 180 days
5% in 1200 days
5% on Occupancy
1-year free maintenance
Free assignment
Learn more about 8 Elm on Yonge and register for VIP pricing
No. 31 Condos
Introducing No. 31 Condos, an upcoming pre-construction residential and retail development in Toronto, brought to you by the renowned developer Lanterra Developments.
Nestled in the vibrant neighbourhood of Toronto's Distillery District, this project offers a prime location with endless possibilities.
Over $100M in proposed new development surrounding the No. 31 Condos.
Immerse yourself in the lively atmosphere, with specialty restaurants, cafes, bars, and boutique shops just steps away from your doorstep.
No. 31 Condos boasts a contemporary and modern design, reflecting the unique blend of old and new found in the Distillery District.
This luxury residential community will surely make a statement with a 41-story brick high-rise building and 428 living units ranging from 351 to 1,079 square feet.
The amenities, including a pool, fitness center, roof garden, pet spa, and private dining room, are designed to elevate your lifestyle.
Lanterra Developments, known for its exceptional architecture and amenities, ensures that No. 31 Condos will be a landmark residential community.
Don't miss the opportunity to experience the best of living at No. 31 Condos, a top choice for pre-construction homes in Toronto!
Quick facts
Location: 31 Parliament Street, Toronto, Ontario
Occupancy: Summer 2024
Incentives:
All suites include laminated wood floors.
Bedroom suites on levels 38 - 41 receive $5,000 toward upgrades.
Deposit structure:
Only 15% initial deposit
$5,000 with the offer
Balance to 5% in 90 days
5% in 180 days
5% in 540 days
2.5% on occupancy
Learn more about No. 31 Condos and register for VIP pricing
Goode Condos
Welcome to the Distillery District, Toronto's vibrant hub of culture and creativity, where art, entertainment, and retail converge to create one of Canada's most desirable neighbourhoods.
This iconic area is a landmark community within Toronto, offering an irresistible blend of history and modernity.
Right on the doorstep of the Distillery District is East Harbour, a master-planned jewel in Toronto's urban landscape.
This ambitious $10 billion pre-construction development sprawls across 60 acres, set to host over 50,000 jobs - a living testament to Toronto's booming growth and potential for those seeking pre-construction homes in Toronto.
When it comes to commuting, you're at the heart of it all.
The East Harbour Transit Hub, the best-served transit station in the GTA outside Union Station, ensures seamless connectivity. Add the new 16-kilometre Ontario Line with its 15 stops, and you're well-connected to every corner of the city.
Convenience defines this neighbourhood.
You're close to the historic St. Lawrence Market, the lively George Brown College campus, and the upcoming Corktown Station.
Plus, you'll have easy access to key routes, including the Gardiner Expressway and DVP Highway, making city navigation a breeze.
For those who appreciate stunning vistas, get ready to be spoiled. Here, you'll enjoy sweeping views across the city and Lake Ontario - a daily spectacle of urban beauty.
All this comes to you from a builder of high repute, promising quality and reliability that you can trust.
Embrace this incredible lifestyle today and become part of a thriving community that's shaping the future of Toronto.
Your dream urban life awaits in the Distillery District!
Quick facts
Location: 33 Parliament Street, Toronto
Occupancy: May 1, 2025
Incentives:
$25,000 credit on closing for two bedrooms and larger
$0 Assignment fee
Deposit structure:
10% in 2023
5% in 2024
5% in 2025
Learn more about The Goode Condos and register for VIP pricing
Centricity Condos
Introducing Centricity Condos, an exciting upcoming pre-construction residential development and a top choice for pre-construction homes in Toronto!
Located in the heart of downtown Toronto, this luxurious development is nestled in the highly desirable Garden District.
Nestled in the highly desirable Garden District, this luxurious 53-story residential tower by Graywood Developments offers a prime location at Church St & Dundas St E.
Centricity Condos is perfectly situated near world-class transportation options, prestigious educational institutions, major employment hubs, and vibrant lifestyle amenities.
With a high Transit Score and cyclist-friendly streets, commuting and exploring the city is a breeze.
This bustling downtown neighbourhood boasts a plethora of dining, shopping, and entertainment options, including the renowned Yonge/Dundas Square and CF Eaton Centre.
Nature lovers will appreciate the proximity to Allan Gardens, Moss Park, and the beautiful shores of Lake Ontario.
Centricity Condos caters to post-secondary students and young professionals, with its close proximity to universities and employment centers.
The development offers a range of housing options, from million-dollar condos to historic houses, ensuring there's something for everyone's taste.
Graywood Developments, with over 30 years of experience in real estate, is known for delivering exceptional projects, making Centricity Condos a promising investment for those looking at pre-construction homes in Toronto.
So, if you're seeking a modern, convenient, and vibrant urban lifestyle, Centricity Condos is the perfect choice for pre-construction homes in Toronto.
Don't miss out on this opportunity to secure your dream home in the heart of Toronto!
Quick facts
Location: 241 Church St, Toronto
Occupancy: 2027
Incentives:
$10,000 off the purchase price for studio, junior one-bedrooms, one-bedrooms, and one-bedroom plus den.
$20,000 off the purchase price for two-bedrooms, two-bedrooms plus den, three-bedrooms, three-bedrooms plus den.
Deposit structure:
$10,000 on signing
Balance to 5% in 30 days
5% in 180 days 5% on Jan 15, 2024
2.5% in 380 days 5% on Jan 15, 2025
5% on occupancy in 2027
Free assignment – $5,000 value
The right to lease during occupancy.
Learn more about Centricity Condos and register for VIP pricing
Conclusion
There you have it - a detailed sneak peek into Toronto's most promising upcoming pre-construction homes.
From the unique fusion of innovation, comfort, and location offered by Foret Condos, 8 Elm on Yonge, No. 31 Condos, Goode Condos, and Centricity Condos, it's evident that these developments are set to redefine the contours of Toronto's vibrant real estate scene.
Beyond just finding a home, these opportunities are an investment in a thriving and dynamic future.
Each project brings its own unique charm and potential, and we believe there's a perfect fit for everyone, whether you're a future homeowner or a savvy investor.
Remember, the key to success in pre-construction real estate is acting promptly.
Don't wait too long to seize these opportunities - let us guide you in unlocking the doors of possibility and realizing your vision of the perfect home or investment in Toronto.
Thank you for joining us on this thrilling journey through Toronto's skyline-to-be. Stay tuned for more exciting real estate news and opportunities.
Until then, happy house hunting!