PIER 27 Condo Tower Assignment Sale

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Status: Now Selling
Price: 1,600,000
Completion: 2021
No. of units: 1
Storeys: 35
Developer: Fernbrook Homes
PIER 27 Condo Tower Assignment Sale
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Pier 27 Tower is a newly built luxury condominium on Queen’s Quay and Yonge by the lake in downtown Toronto. Closest new condo to the lake with spectacular lake views and sophisticated finishes and amenities for residents to enjoy. Rare opportunity to own a South East spacious unit with forever lake views in downtown Toronto’s most premium waterfront address.

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Pier 27 puts you just moments away from many of downtown Toronto’s most loved amenities. Countless shopping and dining destinations including the iconic St. Lawrence market, Rogers Centre, Scotiabank Arena, future Queens Quay LRT and Union Station are all just steps from your door at this ideal urban lifestyle community.

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LOCATION HIGHLIGHTS

-Walking distance to Union Station, Lake Ontario and Sugar Beach
– True waterfront community that is steps to Lake Ontario
– A new LRT will be built on Queens Quay to connect directly to Union Station and the PATH.
– Steps to the George Brown Waterfront Campus Centre For Health Sciences where it will house the School of Dental Health, School of Health Services Management, School of Health & Wellness & Sally Horsfall Eaton School of Nursing
– Outstanding proximity to universities: Just 5-minute drive to George Brown College’s St. James AND Waterfront Campuses and a 10 minute drive to OCAD, Ryerson, and the University of Toronto.
– Walk to thousands of new high paying jobs coming to CIBC Square, Waterfront Innovation Centre and LCBO Office Tower.

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Unit Details

  • Project Name: PIER 27 TOWER
  • Project Type: Condominium
  • Intersection: Yonge & Queens Quay East
  • Unit Type: 3 Bedroom
  • Size: 1249 square feet
  • Floor Plan: See image below, Floor Level 30+
  • Exposure: SOUTH EAST – Lakeview
  • Parking: YES
  • Locker: YES
  • Occupancy: DECEMBER 2020

Pricing Information

  • Assignment Price (AP): $1,600,000
  • Price/Square Feet: $1280.00
  • Original Purchase Price (OP): $1,425,000 (including $100,000 in upgrades)
  • Deposit Paid to Developer by Seller: $265,000
  • Due On Occupancy: $66,250.00

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Funds required to get this below market value deal would be approximately $500,000. Luxury South East premium view units of similar size further from the lake selling for above $2 million in presales.

Toronto Waterfront condos are extremely scarce and command a big premium in the resale market. Waterfront Toronto is going through a massive revitalization and will soon be a world-class waterfront city.

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Purchaser Incentive

  • Below Market Investment Opportunity
  • Unobstructed Lakeview Forever In Downtown Toronto
  • Rare Assignment in Pier 27

Deposit structure

  • $50,000 with offer
  • $214,000 upon execution/acceptance of assignment
  • $66,250.00 upon occupancy
  • Profit can be paid upon final closing in 2021

Price

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PIER 27 Condo Tower Assignment Sale
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PIER 27 Condo Tower Assignment Sale
15 Queens Quay E Toronto, ON M5E 0A5
Pier-27-condos
1 Star2 Stars3 Stars4 Stars5 Stars (6 votes, average: 4.50 out of 5)