Property type: Condos
City: Toronto
Developer: Greenland Group
Architect: Hariri Pontarini Architects
Interior Design: Cecconi Simone Inc.
Building Height: 49 Storeys (Park Suites: Floors 2-15)
Total Number of Residential Suites in Building B: 590 approx.
Total Number of Residential Park Suites:: 266 approx. - Suite Sizes Range from 505 sqft 1B to 1,006 sqft 3B+Den
Price of Parking: $65,000 (*2B+ eligible only) - Parking Maintenance Fee: $70.05/monthly
Price of Locker: $7,500 - Locker Maintenance Fee: $13.80/monthly
Tentative Occupancy Date: July 2022
Levy Caps: $10,000 1B to 1B+2D; $13,500 2B+

Details

Lakeside Residences is the most buzzed about master-planned development to come to the city’s East Bayfront neighborhood. The much-anticipated urbanization of the former FedEX Warehouse property will be a stunning modern design of three mixed use towers. The high-rise project will consist of 39, 49 and 14 storey buildings housing 1148 units. The complex’s design, created by local and international competition winner Hariri Pontarini Architects is said to reflect the sailboats of the marvelous nearby harbour.

Living on Lake Shore Street East
Stretching from Lower Sherbourne Street, westward to Richardson Street, this architectural blueprint will add to the landscape of new developments under the Lower Yonge Precinct Plan. The planning project, created to address the significant population growth expected for the area, will attract a diverse audience.

South-facing units will reap the rewards of living on Lake Ontario with spectacular views of the city’s waterfront and harbor.

With upcoming schooling, retail and restaurant expansions in the East Bayfront pocket, this project is Greenland Group’s most widely accommodating condo yet!

PARK SUITES FAQs

Standard Deposit Structure

$5,000 on Signing
Balance to 5% in 30 days
5% in 180 days
5% in 365 days
5% is 720 days
1% on occupancy

*First Week of Signings Only

$5,000 on Signing
Balance to 5% in 30 days
5% in 180 days
5% in 365 days
5% on April 1, 2022
1% on occupancy

Floor premiums vary from $1,000-$5000 per floor, depending on suite size.

View premiums vary from $10,000-$25,000, depending on suite.

Maintenance Fees: $0.59/ sqft (excludes hydro and water)

Park Suites Incentives: Right to Lease During Interim Occupancy,
Free Assignment, Free Window Coverings, Extended Deposit
Structure, Capped Development Levies.

Features & Finishes

9ft high Smooth Ceilings in principal rooms
Floor to Ceiling Windows, as per plan
Designer Selected Pre-Finished Laminate Flooring (ceramic tiles in laundry area as per plan)
Porcelain Tiled Flooring in bathrooms
Granite countertops in kitchen and bathrooms
24” integrated refrigerator – 24” integrated dishwasher – 24” electric cook top – 24” convection oven with hood fan –stainless steel
freestanding microwave
Individually controlled year round heating and cooling

Amenities

Party room with kitchenette and washroom
Fitness studio with equipment and free weights
Yoga, pilates and dance room
Party room with fireplace lounge, kitchen and dining area
Media room with games and theatre area
Meeting room
Children’s play room
Change rooms with women’s and men’s sauna and steam rooms
Outdoor terrace with gas barbecues, fire pits and lounge area
Outdoor pool

Neighbourhood

93 Walk Score, 98 Transit Score, 100 Bike Score
Toronto’s Waterfront Revitalization: $30 Billion Dollars in Funding, Approx. 25 years of Transformation, 40,000 Residents, One million sq. metres of Employment space and 300 hectares of Parks and Public spaces.
Smart City: 50,000 Job Opportunities, 3.3 million square feet of Residential, Office and Commercial Space over 12 acres immediately next door
East Harbour: a 60-acre master planned community bringing 50,000 plus Job Opportunities, 11 million square feet of Commercial/Office/Retail Space and a brand new Transit Hub.
Don River Park Revitalization: or Port Lands Flood Protection Program will be one of the biggest infrastructure projects undertaken in Toronto. With more than $2 billion dollars of funding and a completion of approx. 7 years, the Don River Park Program will bring more than 80 acres’ worth of new parks, roads, bridges, river valleys and an island just east of the downtown core.

PARK SUITES PROCEDURES

The extended deposit structure will only be guaranteed for the first week of signing. To avoid disappointment, we encourage your clients to sign as soon as possible.
At the time of signing, FIVE (5) cheques payable to HARRIS SHEAFFER LLP IN TRUST MUST BE PROVIDED or the purchaser is not eligible to purchase.
NO name changes will be accepted at any time after signing.
E-signing and out of office signing will not be permitted.
POA’s will be accepted ONLY if they are notarized by a practicing Canadian lawyer.
Only one Agreement per name and two per household.
Mortgage approvals MUST be provided within the ten-day cooling period.
Broker MUST be present at time of signing.
Broker Referral Agreement will be sent out for signing upon the Agreement of Purchase and Sale going firm, receipt of all postdated deposit cheques and receipt of an acceptable mortgage approval.