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Smart House Condos | Micro-Living in Queen West, Toronto


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Smart House

Smart-House-Condos

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   Neighborhood: Queen West

   Address: 219 Queen St W, Toronto

 
   Unit Sizes: From 289 Sq Ft To 778 Sq Ft
   Storeys: 25 Floors
   Estimated Completion: March 2017
   Developer: Urban Capital Property Group and Malibu Investments Inc.
   Price: From $226,900
   Status: Pre-Construction Platinum Realtor Sales

Smart House Condos

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Smart House Condos Brings The Best of Micro-living in the Heart of Toronto

Smart House Condos, On Queen Street West

With the house prices in Downtown Toronto being out of reach of most homebuyers, an increasing number of people who want to be right where the action is are looking for small, affordable units. Smart House being built on Queen Street is designed with just such people in mind. With extremely efficient utilization of every inch of space, the pre-furnished condos of Smart House offer the best of micro-living at the most affordable rates right in the heart of Toronto.

 

Smart House Building

Designed by Architects Alliance, Smart House is a 25-storey boutique building with 241 residential suites that range from studios to 3 bedrooms. The 1st and 2nd floors of the building have 8,000 square feet of retail space and the 3rd and 4th floors have 17,000 square feet of office space. The building has protected views to the east and west as the place is part of the Heritage Conservation District. With super-efficient, highly functional units, a full 50% of which are priced under $300,000, Smart House condos are an investor's dream.

 

Location of Smart House Condos

What is so attractive about Smart House is its incredible location. With a walk score of a perfect 100, which means that technically you never need a car, it is located just a few minutes' walking distance from universities, subway stations, several cafes, restaurants, hotels, banks, hospitals, shops, galleries, theatres, concert halls and stadiums. Everything anyone needs is within walking distance. The building offers an incredible panoramic view of the city of Toronto with the CN Tower on the south and the financial district to the east.

 

Owning a condo in a prime location is what everyone wants, and Smart House Condos will give you just that. The demand for these condos is expected to be very high as close to half a million people work in Downtown Toronto. In addition to that, 53,000+ students go to the University of Toronto, 39,000+ people work in the surrounding hospitals and 150,000+ people walk from College to Queen between Spadina and Yonge every week.

 

The concept of micro-living

The condos incorporate the concept of micro-living in its finest form by utilizing every cubic foot of space to maximize the available living space in the hotel-sized suits (300 – 500 sq. ft). Examples include sofas with a shelf above it that turns into a bed, a multi-compartment closet with a shelf at the top, pullout cooking board in the kitchen and pantry-style drawers under the bathroom sink. Every single square inch of the suites is utilized to create a comfortable living space, making the suites perfect for students as well as professionals, including the corporate crowds.  

 

Return on Investment (ROI)

Smart House offers the perfect opportunities for those looking to invest in Downtown Toronto. With an average price of $300,000 per unit, the projected return on investment (ROI) from an unfurnished one bedroom suite is 12% and from a furnished one bedroom suite is 14% after tax, mortgage and other payments. This makes the condos incredibly attractive for home owners as well as investors.

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Deposit Structure

$5,000 with Agreement

Balance to 5% in 30 days

5% in 90 days  120 days

5% in 180 days  240 days
2.5% in 365 days  450 days
2.5% in 480 days  540 days

5% at Occupancy  0% at Occupancy


OCCUPANCY: March, 2017
 

Maintenance
$0.58 per square foot (excluding hydro, water & gas)

Parking
$69,000 $65,000 for 2B & larger suites

Storage Locker
$2,800 to $4,000

TAXES:
Approximately 0.75% of the purchase price

Platinum VVIP Incentives:

 * Savings: Exclusive Platinum Access

 * Free Assignment Fees
 * Free Right To Lease During Occupancy
 * Free Mortgage Arrangements & Pre-Approvels
 * Free Contract Review by a Lawyer
 * Development/Levy Charges Capped

 * Access to best units with AAA Service


Investors Package Floor Plans Brochure Features & Finishes Worksheet VVIP Pricelist


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Smart House 


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