Verde Condos

Verde Condos is a new condos project by FRAM building group coming near Don Mills Subway Station in North York. It is a new addition to Fairview Park Community.

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Video of Verde Condos

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Details of Verde Condos

• No. of floors – 24
• No. of units – 371
• Suites Starting floor- TBA
• Number of suites/floor – TBA
• Development Name – Verde Condos
• Developer (s) – FRAM Building Group
• Architects – Core Architects
• Sq footage from – TBA
• Available in – Studio, 1 BR, 1 BR+den, 2 BR, 2 BR+den
• No. of Floor plans – TBA

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Highlights about Verde Condos and why one should buy a Condo suite in this project-

• • FRAM is a 5^th generation family business, with more than 13,000 residences to their credit. Their expertise is from customs, exceptional single-family homes, multi-family condominiums and rental residences.
  • Just across Fairview mall; 1 minute drive to Fairview Mall which has almost all major brand under its roof like American Eagle Outfitters, Bowring, Club Monoco
  • 2 minutes drive to Toronto Public Library, Eddie Bauer, Footlocker, Gap, H&M, Hollister, Hudson bay, Pandora, People’s, Sephora and many more.

• • 4 minutes drive to 65 Muirhead Park

• • 4 minutes drive to Van Horne Park

• • 6 minutes drive to Skymark Park

• • 5 minutes drive to Seneca Village Community Centre

• • 5 minutes drive to No Frills, Tim Hortons, Subway, RBC, Sushi Legend, Mcdonalds, Chuck E. Cheese’s, Goodlife fitness, Food Basics,
  • 12 minutes drive to Parkway Mall

• • 5 minutes drive to Muirhead Public School

• • 5 minutes drive to St. Kateri Tekakwitha Catholic School

• • 4 minutes drive to Seneca Hill Public School
  • 5 minutes drive to Don Valley Middle School6 minutes drive to Seneca College of Applied Arts and Technology

• • Very easy access to 404, 401 and the DVP are minutes from Verdé.
  • Minutes away from Don Mills Station. From here commuters can very easily avail TTC Bus Rapid Transit, York Region Rapid Transit and the future Light Rail Transit

Rental info for investors around Verde Condos

• Rentability– Neighborhood vacancy rates below 1.5% with less than 7 days on market
• Rental Appreciation– Rental rates appreciated an average more than 8%  year over year (Source – Toronto Real Estate Board)
• Rental Rates in the area are following-
• Studio- $1650- $1680, Median- $1660; Days in Market – 12
• 1 Bedroom- $1700- $2200, Median- $1880; Days in Market – 5
• 1 Bedroom + Den- $1850-$2300, Median – $2100; Days in Market – 5
• 2 Bedrooms- $2380-$2850, Median – $2650; Days in market – 6

(These are last 90 days stats from the date of pulling up Leased units data from Toronto Real Estate Board i.e. Sep 30, 2018)

Renderings of Verde Condominiums-

Location of Verde Condos

5 Kingslake Road, Toronto, Ontario, Canada

Walkscore

Deposit Structure

$5,000 with offer; Balance to 5% in 30 days from date of signing

5% 90 150 days after signing

5% 180 370 days after signing

5% 370 540 days after signing

International Deposit Structure

$10,000 with offer; Total 35% deposit required in extended time frame before occupancy

Parking

$49,000 (Interior 550 sq ft & Larger)

$49.95 monthly maintenance

Locker

$5000 (Limited availability)

$19.95 monthly maintemance

Maintenance

TBA

Occupancy

August 31, 2021

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