This project is currently a plot of land on the south east corner of Merton Street and Yonge Street being developed by Cresford Developments into a beautiful 25 storey condominium building. The development came to a halt just as the market dipped in 2008-2009 as very few buyers were in the market for preconstruction at the time. However, the sales office will be opening just north on Yonge Street as Cresford will attempt to sell units again!

Here is some information you may want if you are thinking of investing...

1 bedroom units

Price Range: $229,900 - $339,900, Approx Sqft: 519-670

1 bedroom plus den units

Price Range: $339,900 - $449,900, Approx Sqft: 680-767

2 bedroom units

Price Range: $469,900 - $529,900, Approx Sqft: 834-940

2 bedroom plus den units

Price Range: $619,900 - $699,900, Approx Sqft: 1,004 - 1,256

Maintenance fees will start at $0.50 per square foot per month. Parking is available for purchase at $35,000, locker storage details are not yet available.

The deposit structure for payment on these properties is as follows:

$2,500 with original offer, an additional 5% in 30 days, 60 days and 120 days along with 10% on occupancy.

For more information on pre-construction condominiums or MYC Developments, get in touch! 416-322-8000