🏙8 Elm on Yonge Station Q&A  

Q: Main intersection?
A: Yonge and Dundas

Q: Address?
A: 8 Elm St

Q: Who's the builder?
A: Reserve Properties & Capital Developments.

Reserve Properties is an award-winning developer with over 30 years of building experience. They have successfully built over 9,000 homes and 1.5 million square feet of commercial space throughout Canada and the United States, including Ontario, Quebec and Florida. 

Capital Developments is a Canadian, award-winning real estate developer, active since 2006. This agency has roots in the international community, particularly in Central and Eastern Europe, where they completely redefined the architecture and commercial culture in the region.

Q: Surrounding?
A: At the heart of downtown toronto
🚶🏼‍♂️99/100 Walk Score
🚇100/100 Transit Score
🚲94/100 Bike Score

🚇1-min to Dundas Station
🚃24-hr Streetcar lines running east & west
🏫Across from Ryerson University
🏫Mins to UofT and OCAD
🏙Walking distance to Eaton Centre and Dundas Square
🏦 close to the major banks head quarters

Q: Storey and units?
69 storey/ 819 units (no floor skipped);
Commercials are on the ground floor;
Residential units start from 7th floor (some residential units on 2nd floor as well)

Q: What kind of units?
Starting from Studio(300sqft) all the way up to 3Bed. Layouts are superb and efficient.
 
Q: What's the price?
A: Starts with $1680 per sqft.  Average is high $1700 
Studio: starting high $500k
1 bed: starting low $700k
1 bed+den: starting high $700k
2 bed: starting $1.1M
3 bed: starting $1.25M

Q:What's the floor premium?
A: $1000 per floor for studios
$2000 per floor for other layouts
 
Q:What's the ceiling height?
A: 9' on majority floors, some are 8.5’, and 10/11’ for penthouse (if available)

Q: What's the payment structure?
A: ✅For Domestic Buyer: 
1) $10k bankdraft on signing
2) Up to 5% in 30 days 
3) 5% in 120 days
4) 2.5% in 380 days
5) 2.5% in 540 days
6) 5% on Occupancy

✅For International buyer: Limited time 20% down payment for international buyer. (Cap at 80 Sales)
1) $10k bankdraft on signing
2) Up to 5% in 30 days 
3) 5% in 120 days
4) 5% in 360 days
5) 5% in 540 days

Q: Payable to?
A:  HARRIS SHEAFFER LLP IN TRUST 

Q: Incentives?
A: ✅Free Assignment (Plus Legal Fee)
✅Free Right to Lease During Occupancy
✅Development Charge Cap at $15,000 for Studio; $16,000 for 1Bed; $18,500 for 2Bed; $20,500 for 3Bed

Q: Occupancy?
A: 2027

Q: Maintenance Fee
A: $0.69/sqft

Q：Any school around？ 
A： U of T & TMU (Ryerson)

Q：Amenities
26000+ sqft amenity area in this building
Indoor Amenities on 2nd floor
Indoor and outdoor amenities on 7th floor
Sky Lounge on 56th floor

Q: Parking and locker?
A：Only 55 parking spaces ($150,000) available for largest 3Bedrooms only. Rest units are on waitlist.
Locker TBA 

Q: Mortgage Pre-approval?
A: Required

Q: Blocking？
A: 
↙️SW: 35-storey Panda Condo in 100m
⬅️W: 33-storey Minto Plaza Condo in 110m
↖️NW: 24-storey Chelsea Hotel in 100m
⬆️N: 76-storey Aura Condo in 250m
➡️E: 2-storey restaurants and café
↘️SE: 8-storey TMU Learning Centre
⬇️S: 29-storey office building(1 Dundas W) in 250m