Everything you need to know :
This 29 storey tower features 320 condo units, ranging in size from bachelors to 3 bedroom suites as well as ground-floor retail.
Located at 60 Shuter Street, Fleur Condos has a walk score of 99/100 and is a 5 minute walk to Queen Subway Station and a 6 minute walk to Dundas Subway Station.
Toronto’s Downtown is a local and national economic hub. It contains 511,200 jobs within 21.4km². The Downtown accounts for 35% of Toronto’s jobs.
University of Toronto, Ryerson University and George Brown College are within walking distances
IN THE NEIGHBORHOOD
This condominium is walking distance to Toronto City Hall, the Eaton Centre, Financial District, Hospital Row and has many nearby parks including: Moss Park, Trinity Park and Labyrinth and Cloud Gardens.
Menkes continues to raise the standard for outstanding quality design and superior value as a fully integrated, multidisciplinary real estate development company. Elegant family homes that exude character and charm; exclusive luxury condominiums infused with stunning amenities; and highly coveted office and industrial space, all set in prime locations.
aA’s team of 45 architects, designers and technologists provide the full spectrum of services, applied to a scope of practice that ranges from academic and institutional buildings to large-scale mixed-use developments: condominiums and affordable housing, classrooms and research labs, private courtyards and urban streetscapes. aA projects are located all over Canada, the United States, and Europe.
working with via condos
Via condos has insider access to Fleur Condos and is able to get you in first, offering you the lowest possible price point and additional incentives.
- Free lawyer review of your purchase agreement
- Free leasing at the time of closing
- Free PDI Inspection with a qualified inspector
Register online or contact Filipp Kotlyar at (647) 227-6906 or email@example.com for more information.
The Toronto condo market has matured into the most advanced in North America over the past decade. With the release of thousands of new condos, the staggered release process has been adopted as the best practice.
A staggered release usually follows this format:
(1) Release to Platinum brokers
(2) Release to VIP agents
(3) Release to developer’s registrants list
(4) Release to public
With over 20,000 new condos being sold per year, a special breed of realtor has arisen. Platinum agents are realtors who have sold a large volume of suites with a particular builder. Once an agent has reached the Platinum status, the developer will invite them to exclusive events and release the pricing and floor plans to them before the public and regular agents.
Over 20% of the units sold in new condos are sold by a handful of Platinum agents before most people are even aware the condo is available for sale.
The benefits of being a part of the Platinum buying group are that you get first choice of suites at the lowest initial pricing. There are also typically special promotions made available to the Platinum buying group to help build momentum of sales at the crucial launch phase of the project.
Our team has achieved Platinum status with the largest and most respected developer’s in the GTA.
Register on this page to receive your full Platinum access to this development.
With our Platinum status we can help you save time and money because the developers provide us with special access to their projects. Here are some of the ways you will save time and money:
Access to the initial release of suites at the lowest pricing
No waiting in lines
In depth authoritative analysis of each project and neighbourhood market stats
We cover a lawyers review of the purchase and sale agreement
Immediate cash savings with Platinum VIP incentive programs
Deferred deposit structures
Consultation on the selection of your ideal suite layout
Waived listing fee for first time rental of your suite (optional)
Experienced consultation during pre-delivery inspection of your suite (optional)
Not being represented properly or working with the developer unrepresented can be one of the biggest mistakes you can make in a pre-construction condo purchase.
Our brokerage is paid a commission by the developer upon successful completion of your transaction, you are not responsible to pay any commissions for our services that save you thousands. When you can get all of these valuable benefits and actually save money, it makes sense to work with professional pre-construction condo specialists.[/toggle][toggle title=”Why should I work with a pre-construction specialist?” open=”no”]Working with a Platinum status pre-construction condo specialist will save you thousands of dollars, countless hours of time, and make your service experience significantly better.
Our experience and volume of sales with the most respected developers equates to money in your pocket.
Working with a specialist makes sense in almost every area of your life.
For example, when your family has a new baby you would visit a pediatrician because your baby will get the best care with their specialized knowledge and experience of a newborn’s needs. If your car needs servicing, you would take it to a mechanic who is trained and experienced in servicing your brand of vehicle.
Working with a specialist makes sense because you get better service. Don’t take the chance of working with a friend who happens to be a realtor or trying to go at it alone, this is literally the #1 mistake in pre-construction condo investment!
Register on this page to receive your investment package and to get in contact with us.
$5000 on signing
Balance to 5% in 30 days
5% in 120 days
5% at 370 days
5% at 540 days
(1) Land transfer tax
(2) Legal fees
(3 )Development charges and educational levy
(4) Park levy
(5) Tarion warranty enrollment
(6) Bank appraisal fee
(7) Two months of condo fees
(8) Law society of Ontario fee
The amounts will vary depending on how expensive your condo is and the location. Don’t be scared about the closing costs, everyone who buys a new condo has to incur the same costs this goes into their budgeting when they decide on a selling price. By being a part of Platinum group of buyers, you will have access to the lowest initial pricing and will have a positive buffer to work with compared to the typical purchaser at the project.
Consult a sales representative for more details and to calculate your approximate closing costs and consult experts when you are planning your investment.
International purchasers will need to provide:
(1) Deposits totalling 35% of the purchase price.
(2) Two forms of government issued photo ID.
With increased scrutiny on the transfer of international funds, the developer may request additional documents to confirm the source of the funds.
Our Sotheby’s International network can provide you with white glove service in over 49 countries around the world. We can help you manage your investment as a turn-key service, with full rental and property management services available at your request.
Contact a sales representative for more details.[/toggle][toggle title=”When is the best time to buy a new condo?” open=”no”]In a typical pre-construction condo launch the best time to purchase is during the Platinum launch. The prices are the lowest and the availability is more open because the building just started sales.
In some cases, if the project is between 60-70% sold, the developer may choose to make a push to reach their construction financing targets (typically 75% of the project should be sold before a bank will finance the construction). In this scenario, the developer will offer a few Platinum brokers access to these special incentives for their clients to reach their financing target.
Working with a Platinum agent has significant benefits in either scenario, if you aren’t in the know you will miss out on these opportunities.
Short term investor: Will sell before final closing via an assignment or shortly after final closing. This investor does not want to be a landlord or deal with maintaining condos and are usually interested in established neighbourhoods and projects where they can see appreciation on their deposits that are above what they would get by keeping their money in the bank or in mutual funds.
Medium term investor: Will buy pre-construction and rent the property for a few years before selling the condo for a profit. This takes a bit more management and patience but will allow you to get a higher return on your money. The renter will pay your mortgage for a few years and put some additional equity in your pocket while the market value of your condo appreciates further. Most investors fall within this category.
Long term investor: Will buy pre-construction and rent the property indefinitely with no plans to sell. This type of investor is thinking about condominiums as a way of building wealth over the long term. Their portfolio of condos are being paid off by their tenants and are increasing steadily in value over time. With this method, a long term investor will eventually have several paid off properties that are generating cash flow for them.
The beauty of pre-construction condos is that you have the time and flexibility to adapt your strategy. We typically recommend a medium to long term approach to investing in real estate because that is the safest and most reliable way to build your wealth with a cash producing asset.
Fleur Condos coming to downtown Toronto
Fleur condos is a new condo development launching soon in downtown Toronto being constructed by Menkes developments. The location at 60 Shuter St. cannot be more central to all the hustle and bustle of downtown city life, the neighbourhood includes: Toronto Eatons Centre 5 minutes walking distance, Ryerson University also a 5 minute walk, the financial district a short 10 minute walk away and steps to the subway. Fleur condos will rise 29 stories above the intersection of Shuter and Church and contain 370 condominium units. Menkes have hired architectsAlliance to head up the design, with noteworthy building designs such as Pier 27, Alter and 8 Cumberland the condo enthusiast community is looking forward to seeing architectsAlliance latest vision for condominium living in downtown Toronto. Fleur condos will feature condominium suites sized from bachelor condos all the way up to three bedroom suites above 1,000 square feet. Purchasers planning on living in Fleur condos will appreciate the refreshingly large suites available paired with the luxury finishes we have come to expect from Menkes Developments. Purchasers planning on investing into Fleur condos for the purpose of renting out their condo as a turn-key investment vehicle will appreciate the attractive rental market around Fleur condos with an average rental rate ranging from $1,600 for bachelor condos to $2,900 for three bedroom condos. Menkes Developments is the builder of Fleur Condos and several other notable condominium projects around the greater Toronto area including: Harbour Plaza, 87 Peter, and 365 Church. In business for over 60 years, Menkes’ list of completed projects is vast, and their reputation of delivering solid products in a timely manner sets them apart from their competition. This condo will be launching for initial Platinum VIP sales in the near future, register on this website to be kept posted as the sales date approaches.
About Fleur Condos developer
Fleur condos is being developed by Menkes, a family run business operating for over 60 years, which has a long standing tradition of construction excellence. Founded by Murray Menkes the company began building single family homes, through Murray’s vision they quickly scaled up to master planned communities. Setting their sights on the future Menkes began building commercial buildings and plazas, following success in the commercial sector Menkes also opened up a high rise division which quickly took off and became a major arm of the company.Today Menkes has high rise developments currently under construction throughout the entire greater Toronto area including: 87 Peter, Harbour Plaza, 365 Church, The Eglinton. They have three buildings coming soon which are highly anticipated, those include: Fleur Condos, 4800 Yonge Street and the LCBO headquarters site downtown.The last building to launch by Menkes in the neighbourhood of Fleur Condos was 365 Church just a few blocks north. 365 Church launched for sales in 2013 and was very well received by condominium enthusiasts, selling out in just under 3 months, purchasers have seen an increase of over 30% in value from the initial price of 365 Church.Fleur condos will launch for sale in 2 months and given the 10 year low in condominium supply currently affecting the Toronto condominium market, we are expecting sales to progress at a quick pace. To secure your spot at the first day VIP sales event, register your information at the top right corner of this website and you will be contacted once sales commence.