One of the newest developments by Knightstone Capital Management and Lifetime Developments, Whitehaus Condos is currently in preconstruction stages.The project is scheduled to be completed in 2019. Once completed, it will stand 28 stories tall and contain a total of 234 units.
Whitehaus Condos’ location at 2360 Yonge Street, Toronto places it at the center of a lively neighborhood filled with attractive amenities, including the upcoming crosstown LTR and the Yonge Eglinton Centre. Banking and restaurant options such as RBC Bank, TD Bank, HSBC Bank, Duke of Kent, Keg and Chipotle Mexican Grill are also just a short walk away. Additionally, the development is expected to contain up to 70,000 square feet of retail space located in the three-story podium beneath its residential units.
The prices for individual units range from $260,900 to $679,900, and condo sizes range from studio with one bathroom to three bedroom, three bathroom with den units.
Architect: Diamond + Schmitt Architects Inc.
Construction Status: Preconstruction
Estimated Completion:Spring 2019
Sales Company: Baker Real Estate Inc.
Selling Status: Registration (62% sold)
Whitehaus Condos offers 42 different floorplans. These fall under several broad categories which are as follows: studio (1 bath), 1 bedroom (1 bath), 1 bedroom plus media room (1 bath), 1 bedroom plus den (1 bath), 2 bedrooms (2 baths), 2 bedrooms plus study (2 baths), 2 bedroom plus den (2 baths), 3 bedrooms and 3 bedrooms plus den units.
The floorplans range from 375 square feet to as large as 1,288 square feet. Tower suites will offer 9 foot tall ceilings as well as floor-to-ceiling windows with stunning views of Toronto, while the townhomes which compose a portion of the podium’s frontage will provide occupants with more of a neighborhood atmosphere.
In total, the complex will contain around 1,800 square feet of indoor amenity space along with 1,125 square feet of outdoor amenity space. Future residents of Whitehaus will have access to a wide range of conveniences located on the third floor, including a flex space/art studio, ping pong lounge, fitness centre, event kitchen, and connected outdoor space with a dog run. First floor amenities include a dog washing spa and private lounge.
These amenities are part of the design created by Cecconi Simone Inc., an award winning interior-design company based in Toronto. Established in 1982 and currently employing about 40 technical, administrative and professional staff, the company has designed for a variety of corporate, hotel-hospitality, retail and residential sectors in countries around the world. In Toronto alone, Cecconi Simone Inc. has designed around 75 condo projects.
The company’s holistic design strategies are well-spent on Whitehaus, which once completed will place its residents directly atop two levels of retail space created to attract high-end shops as well as outdoor amenity space on top of the second and tenth floors landscaped by Janet Rosenberg + Studio. The building will contain 145 parking spaces in five levels of underground garage as well as 186 bicycle parking spaces. A shared private laneway on the western edge will provide access.
Amenities outside of the building itself include a Tim Hortons, just a minute away by foot, and many upscale dining and entertainment options.
Schools in the area include Northern Secondary, Eglinton Junior Public, Hansa Language Centre, John Fisher Junior and Ryerson & UT campus.
Though the development is only in registration and preconstruction stages, it is already reported to be 62% sold. The deposit structure is as follows: $5,000 on signing, with a balance of 5% in 30 days, 5% in 120 days, 5% in 370 days, and 5% in 540 days.
While the pricing of Whitehaus condos is excellent given the flourishing location, there are a number of additional fees to consider. The average price per square foot is around $614, and additional fees for parking and locker ownership are $55,000 and $5,000, respectively. The estimated maintenance fee is $0.52 per square foot per month. Locker maintenance fees are set at $19.95 per month, while parking maintenance is set at $69.95 per month. The estimated property tax is one percent of the price per year.
Lifetime Developments has been involved in the building and development of construction projects in Toronto for over thirty years. Through insight, experience and expertise in identifying successful neighborhoods, Lifetime remains at the forefront of the Toronto real estate industry. Its aim is to design and build unique spaces that facilitate vibrant living, working and dreaming. With this goal in mind, Lifetime Developments continues to set new industry standards for excellence and innovation.