Garrison Point – New Pre-construction Project

We were lucky to have an opportunity to attend the VIP Preview of the new Garrison Point. Now we have all the details of this new down town pre-construction project before it is open to the public.

Garrison Point is a mixed neighbourhood blending condominium buildings and town homes. The builders have collaborated with some of North Americas finest architects to create inspired buildings that will enhance the City’s skyline. As well, there will be a large selection of shops and services available at street level and a state of the art fitness facility that will be proposed for the heart of the community.

Location:

  • Located south of King Street, north of Lake Shore Blvd. at Strachan Ave and Ordnance Street
  • Close to Liberty Village, Fort York, King West and Lake Shore Blvd.

Occupancy:

  • Tentative Occupancy February 2017

Suite Features:

  • 9ft. ceilings
  • Engineered laminate flooring throughout
  • Kitchens include contemporary designer cabinetry, granite countertops, porcelain tile backsplash and floor tile
  • Stainless Steel under mount sink
  • Energy Star appliances: stainless steel frost free refrigerator, slide-in stove, built-in dishwasher and over the range built-in microwave with integrated exhaust fan.
  • Bathrooms include contemporary designer cabinetry, granite countertops, under mount sink, single lever faucet, porcelain tile floors, deep soaker tub, shower stall with framed, tempered glass door and ceramic tile enclosure
  • Beanfiled fibre-to-the-home Internet service, IPTV and Home Phone

Extras:

  • Parking $45,000 (Only available for 1 bed plus den suites and larger)
  • Storage Locker $4,500
  • Maintenance Fees approx. $0.54 per sq. ft. (hydro metered separately)
  • Parking maintenance – $39.95 per month
  • Locker maintenance – $11.95 per month
  • Taxes – Estimated at approx. 1% of Purchase Price.
  • Prices Include HST

Deposit Structure:

  • $5,000 upon signing APS
  • Balance to 5% in 30 days
  • 5% in 120 days
  • 5% in 270 days
  • 5% on occupancy

Investors:

  • No Assignment fees (valued at $5000) during VIP Incentive period
  • The builders are projecting the potential rental income to be $2.75 per sq. ft. based on lease prices in neighbouring Liberty Village

Current VIP Incentives Include:

  • No Assignment Fee
  • 3% cash back or 2 year lease back

For more information or to view the floorpans and current VIP price list please contact us at