The Downtown (Entertainment District) by Parallax

talkcondo-new-development-toronto-pre-construction-downtown

GENERAL INFORMATION

The Downtown is a new condo development by Parallax Investment Corporation, located at Bathurst & Wellington.  The Downtown is an 11-storey boutique buidling with approximate 89 suites.  The project is scheduled to occupy in the fall of 2012.  

Developer Parallax Investment Corporation
Address 508 Wellington West
District Entertainment District
Completion Date Fall 2012
Approx Price/Sq.Ft. From $580
Deposit Structure 20% in 12 months + 5% on Occupancy
Parking Cost $29,900
Maintenance Fees/Sq.Ft. $0.498

One of the defining features of The Downtown is the unique architecture utilizing th "Flexinatur" System which allows the building to be built without load bearing walls, potentially allowing home-owners to purchase neighbouring suites and joining them together.  Since the walls are not load bearing, it offers huge potential for owners to create and re-create suites with endless possibilities.  The Flexinatur system is very popular in Manhattan, and Parallax are one of the first major developers to bring it to Toronto.

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PRICE ANALYSIS

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ARTICLES ABOUT THIS DEVELOPMENT BY TALKCONDO

  • Downtown Condos Introduce Unique Leaseback Promotion
  • by Roy Bhandari on December 18, 2010

  • New Condos in Toronto For Less Than $600/sq.ft.
  • by Roy Bhandari on March 3, 2011

    CONTACT US

    If you are interested in receiving more information about this development including floorplans and detailed pricing, please fill out the contact form below or call Roy direct at 416-835-9436.  If you would like TalkCondo to send you new developments as soon as they launch to your inbox, sign up to our newsletter here.

    About the author

    By Roy Bhandari. [Written 708 articles for TalkCondo]

    Roy loves condos. If he isn't spending time browsing BuzzBuzzHome.com he is out looking at and analyzing condos. Working very closely with investors, Roy has a keen eye for analyzing the numbers of Real Estate to determine which development will maximize the returns for his clients.

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    Sage Real Estate
    Brokerage Independently Owned & Operated
    2025-777 Richmond Street W, Toronto, Ontario, M6J 0C2
    Phone: 416-483-8000 | Fax: 416-483-8001