Just as at its NY Place condo building at Bayview and Sheppard, the residential developer’s exclusive offer gives prospective buyers, whose pockets may not run deep, the opportunity to become homeowners of selected units in this 43-storey Kirkor Architects-designed tower at the heart of the Entertainment District. The Rent2Own program puts a portion of your first year's monthly rent towards the 5% down payment.
This homeownership program is intended to give those who may not yet have the financial wherewithal to purchase a condo the opportunity to reserve a suite. Here’s how it works: 1) Choose a suite, sign an Agreement of Purchase and Sale and begin accumulating your down payment through Daniels' Gradual Deposit Payment Plan. 2) When you move in, a portion of your monthly payment, along with total amount accumulated through the Gradual Deposit Payment Plan, will be credited towards your 5% down payment. 3) After one year, all that remains is to top off your 5% down payment for your closing.
Occupancy is slated for summer 2013. Below, recent construction photo updates, courtesy of UrbanToronto Forum member rdaner.
You can check out our dataBase listing for more information, or stay up to date with construction and developments in our associated Forum threads, linked below.
|Related Companies:||City Life Realty Ltd., HOK, Jablonsky, Ast and Partners, Kirkor Architects Planners, Montana Steele, NAK Design Strategies, Page + Steele / IBI Group Architects, tcgpr (The Communications Group), The Daniels Corporation|