Freed Hotel & Residences is a new condos project which will be located at Adelaide St W & University Ave, Toronto. This project is by experienced developer Freed Developments.

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Condo units starting Base price from $500’s (subject to change). Register now to book your unit and also avail the best incentives  

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Details of Freed Hotel & Residences

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• Development name – Freed Hotel & Residences
• Developer (s) – Freed Developments
• Architects – Adrian Smith Gordan Gill Architecture
• Interior Designer – Design Agency
• No. of Tower/s – 1
• No. of floors –  63 storeys
• Total No. of units – 414
• Suites Starting floor- TBA
• Sq. footage for Condos from – 275 sq. ft. to 2010 sq. ft. Penthouses
• Ceiling height – TBA feet to TBA feet
• Suites availability in – Studio, 1BR, 2BR, 3BR

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Highlights & Why to buy unit at Freed Residences as an End User or Investor –

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• Whether you’re considering purchasing a unit in the Freed hotel and residences project at 240 Adelaide St W, Toronto, as an end-user or an investor, there are several compelling reasons to do so:
• For End-Users:
• Prime Location: The project’s location in downtown Toronto provides convenience and accessibility to various amenities, including restaurants, shopping centers, entertainment venues, and transportation options. As an end-user, living in such a central location can offer a vibrant lifestyle with everything you need at your doorstep.
• Luxurious Living Experience: Freed developments are known for their high-quality construction and attention to detail. As an end-user, investing in a unit within this project could mean enjoying luxurious living spaces, premium finishes, and modern amenities designed for comfort and convenience.
• Access to Hotel Services: One of the unique aspects of this project is its combination of hotel and residential units. End-users can benefit from access to hotel services and facilities, such as concierge services, housekeeping, room service, and possibly discounts on hotel amenities like restaurants or spas, enhancing their overall living experience.
• Potential for Appreciation: Purchasing a property in a prestigious development like Freed could offer the potential for capital appreciation over time. As downtown Toronto continues to grow and attract investment, properties in prime locations tend to appreciate in value, providing end-users with a potential long-term return on their investment.
• Flexible Usage Options: Some end-users may appreciate the flexibility of being able to use their property as a primary residence while also having the option to rent it out on a short-term basis as a hotel room when not in use. This flexibility can provide additional income or help offset ownership costs.
• For Investors:
• Rental Income Potential: Investors can capitalize on the dual-income potential of the project by renting out their units to both long-term residential tenants and short-term hotel guests. This diversification of rental income streams can help mitigate vacancy risks and maximize returns.
• Strong Rental Demand: Toronto’s downtown core typically experiences strong rental demand due to its popularity among professionals, students, and tourists. Investing in a well-located property like the Freed hotel and residences project can attract tenants seeking convenient access to amenities, employment opportunities, and transportation options.
• Brand Recognition: Freed developments are often associated with quality and luxury, which can attract tenants willing to pay premium rents for a superior living experience. The brand’s reputation for delivering high-end properties can help investors attract tenants and maintain high occupancy rates.
• Potential for Appreciation: Like end-users, investors can benefit from the potential appreciation of their property over time. Investing in a prime location in downtown Toronto increases the likelihood of capital appreciation, providing investors with a valuable asset that may appreciate in value over the long term.
• Tax Benefits: Real estate investments offer various tax advantages, including depreciation deductions, mortgage interest deductions, and potential capital gains tax benefits. Investors should consult with tax professionals to understand the specific tax implications of investing in the Freed hotel and residences project and how they can optimize their tax strategy.

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Renderings & Important Facts about Freed Hotel & Condominiums –

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Information for Investors –

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• Rentability– Neighborhood vacancy rates below 2% with less than 14 days on market
• Rental Appreciation– Rental rates appreciated an average 20% – 25% year over year (Source – Toronto Regional Real Estate Board)
• Rental Rates in the area are following-
  Studio – $2050 – $2400, Median – $2220, DOM- 20
• 1 Bedroom– $2250 – $2675, Median – $2450, DOM- 17         
• 1 Bedroom + Den- $2350-$3000, Median- $2550, Median DOM- 9
• 2 Bedrooms- $2800 -$3625; Median – $3375, Median DOM- 8
• 2 Bedroom + Den- $3550- $3825; Median – $3600, Median, DOM- 9

(These are last 120 days stats from the date of updating this webpage i. e. Mar, 2024. Future rental rates could be different. E & O E)

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Walk Score –

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Location of Freed Hotel & Residences Toronto –

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Crocodile Rock, 240, Adelaide Street West, Entertainment District, Spadina—Fort York, Old Toronto, Toronto, Golden Horseshoe, Ontario, M5V 1R1, Canada

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Building amenities at Allure Condominiums –

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• 63rd-floor Restaurant and Bar
• Valet parking
• 24 hr/7 Day a Week Concierge
• Outdoor Yoga
• Yoga & Virtual Studio
• Fitness Studio
• 62nd-floor Sky Lobby
• Private spaces for entertaining and dining
• The first ever Canadian location of Katsuya Restaurant by SBE
• Many more

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Special Extended Deposit Structure – (Payable to Harris Sheaffer LLP in TRUST)

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• $10,000 Bank Draft on signing; Balance of 5% in 30 Days
• 5% in 90 days 5% in 180 days
• 2.5% in 365 days 2.5% in 720 days
• 2.5% in 600 days 2.5% in 1200 days
• 5% on occupancy

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Parking

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One Underground Parking Included with Penthouse Collection
$500/month for Valet Parking & Maintenance*
Penthouse Purchasers receive a Signed Murakami Print

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Occupancy

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Early 2030

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Maintenance Fee

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Maintenance: $0.87/ SF
All utilities separately metered (Heat, Hydro, Water)
Bulk Internet package: $62.15 plus HST
Property Tax: Approx. 0.66% of Purchase Price

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VIP/Platinum Incentives

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• Assignment
• Capped Levies
• Extended Deposit Structure
• And Many more

Big Incentives. Please register below

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VIP/Platinum pricing

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Please Register

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 Floor Plans

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Please Register

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Copyright © 2024. All Rights Reserved. The information provided is for reference purposes only and is without any representations and warranties. The information should be verified. The website owners don’t represent the builders and developers of the condo/house project but represent the buyers/clients of units. We are independent brokers; representing buyers. Sizes are approximate. Sizes, Specifications, Prices, inventory, Incentives and any other promotion are subject to change without notice. Errors and Omissions are Excepted.