Peter Street Condominiums Commercial Unit
Price Starting $199,900
Exclusive Sales Incentives – January 2013 Only!
Carefree triple net rental guarantee for 1 year $35/sf annual rental income*
Taxes, maintenance and insurance paid by the developer
Cash credits of up to $50,000 per unit
$10,000 off the price of parking
Deferred deposit structure – 20% paid within 90 days (instead of 30% paid within 60 days)
Free assignment (one time and subject to assignment conditions)
No development charge related adjustments on closing
The Opportunity
A very rare opportunity to own an Office Condominium in the heart of downtown Toronto
Office units available on floors 2 and 3 of a dramatic mixed use 40-storey glass tower located at the corner of Peter and Adelaide and designed by award-winning architectural firm architects Alliance
Office units are demisable as per user needs and can range in size from a 343 s.f. unit to a full-floor unit of 7,285 s.f
Downtown office core is within a 5 minute walk and easy access to commuter rail, the subway system and streetcar
Approximately 5,000 new condominium units within a 2 minute walk of the building expected to be occupied over the next 5 years
Building currently under construction with completion scheduled for summer 2014
Office Condo Units |
Commercial units will have slab-to-slab heights of approximately 11 feet
Private office lobby provides direct access to an elevator for the exclusive use of the Office levels and P1
Eight commercial parking units located on P1
Office units will have access to common use washroom facilities located on each office level
Operating costs are forecasted to be $5.24/sf/annum for first year (representing a very favourable cost advantage over other office spaces) plus realty taxes and in-suite utilities
Special Deposit |
Structure
Tentative Occupancy
Maintanence Fees
Parking
10% on signing
10% in 30 days 90 days
10% in 60 days
5% on occupancy
August 2014
$0.44 / sq. ft. / month
(excluding utilities and taxes)
$60,000 $50,000
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