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|
|Completion Date||Fall 2012|
|Approx Price/Sq.Ft.||From $580|
|Deposit Structure||20% in 12 months + 5% on Occupancy|
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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|Development||Price/Sq.Ft.||Approx Appreciation Rate|
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ARTICLES ABOUT THIS DEVELOPMENT BY TALKCONDO
- Downtown Condos Introduce Unique Leaseback Promotion
- New Condos in Toronto For Less Than $600/sq.ft.
by Roy Bhandari on December 18, 2010
by Roy Bhandari on March 3, 2011
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.