From $620,990

Overview

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Rising in the heart of the city, Elektra Condos is the new condominium project being developed by Menkes Developments Ltd and Core Development. This 48-story residential condo containing over 500 diverse suites is located at 218 Dundas St E. With its impressive architecture by Giannone Petricone Architects and stylish interiors by Figure3 Interior Design, Elektra is going to be a striking addition to the Toronto Skyline 

With studios, two-bedroom, and three-bedroom units, the condo will cater to various lifestyles. A total of over 20,000 square feet has been dedicated to electrifying amenities for residents. The project will include an indoor and outdoor sound studio, a gaming hub, a garden café, a co-working lounge, a party lounge, a theatre, a children’s zone, and a fitness center.

Highlights

  • 1 min to TTC Bus on Jarvis
  • 6 min to Ontario Line Future Station
  • 8 min to TTC Line 1 Dundas Station
  • 95/100 on the Walk Score
  • 100/100 on Transit Score
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Elektra Condos

Details

  • C.C / Maint:
    $0.72/SF sqft
  • Architect(s):
    Giannone Petricone Associates Inc.
  • Price ($):
    From $620,990
  • Est. Occupancy:
  • Price Range:
    From $620,990 - $1,264,990
  • Parking:
    $120,000
  • Cost of EV Parking:
    $137,000
  • Parking Availability:
    3Bs ONLY; Others will be on waitlist
  • Builder (s):
    Menkes Developments Ltd.
  • Suites:
    42
  • Storeys:
    522
  • Suite Size:
    375 - 909 SqFt
  • Interior Designer (s):
    Patton Design Studio
  • Cost of Locker:
    Waitlist

Amenities

  • 24 Hour Concierge
  • Co-working Space
  • Fireplace Terrace
  • Fitness Centre
  • Games lounge
  • Garden Café
  • Kids zone
  • Outdoor Terrace
  • Party Room
  • Porte Cochère
  • Social Lounge
  • Sound Studio
  • Theatre Room
  • Yoga Room
Deposit Structure

$10,000 on Signing
5% in 30 days
2.5% in 90 days
2.5% in 180 days
2.5% in 540 days
2.5% in 900 days
5% on Occupancy

International Deposit Structure

$10K Bankdraft upon Signing
Balance of 10% in 30 days
2.5% in 90 days
2.5% in 180 days
5% in 370 days
5% in 540 days
5% in 740 days 5% in 900 days

Incentives

New Release of Heritage Collection Incentives

Extended 15% deposit before occupancy
2 Years Rental Guarantee at *5%* of purchase price
Capped Development Levies
1B+Den & Smaller: $13,000 + HST
2B & Larger: $18,000 + HST
Right to Lease Upon Occupancy
Free Assignment
Free Vertical Blinds

Location

Located at Dundas and Jarvis intersection, this new high-rise residence is right off of major transit routes, shopping malls, entertainment venues, employment centers, and educational institutions. Within minutes, commuters will be able to get to downtown Toronto via streetcars and buses run by the TTC. Further, the Ontario Subway Line will be just six minutes away from the community. Which will connect the residents to the Exhibition Place, downtown, and the Ontario Science Centre.

There are also many exciting venues in Toronto that are close to Elektra. A few of these include – the Phoenix Concert Theatre, Yonge-Dundas Square, the CF Toronto Eaton Centre, Queen's Park, and so much more.

Elektra Condos will also offer convenient access to some of the downtown core's most prestigious educational institutions. Like George Brown College and Ryerson University. And because there are no on-campus housing options in this area, Elektra Condos will be the ideal place for students to live off-campus while completing their educations. Moreover, due to Elektra Condos' convenient location, residents will also have easy access to nearby major employment hubs. These include the Financial District, Queen's Park, the Tech District, and Hospital Row.

Developers

Menkes Development Group

For over 60 years, Menkes has been one of Canada's largest and most distinguished builders, with a primary focus in the Greater Toronto Area (GTA). Known for its innovative, multidisciplinary approach, the Menkes Group is an industry leader. The company's note-worthy past projects include the Empress Walk entertainment, shopping, and residential complex in North York City Centre.

Core Development Group

As a real estate developer based in Toronto, Core Development Group seeks to push boundaries in home construction. With Corey Hatwin at the helm, this team strives to create unique urban developments in the greater Toronto area. They provide a variety of development and project services through their partnership with leading professionals.

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