The United Bldg Condos is a new pre-construction development located at 481 University Avenue. Anticipated occupancy for residents is in the fall of 2025. This new mixed-use tower will make a great option for investors and professionals alike. It is ideally situated in Toronto’s Bay Street Corridor, steps to Hospital Row, and minutes to three different post-secondary institutions. The development will have direct access to St. Patrick Subway Station and suites range from Studios to Three Bedrooms.
About United Bldg Condos
The United Bldg Condos is a mixed-use 55-storey tower containing 748 units and upscale office space. The building’s direct access to St. Patrick Subway Station is a rare benefit.
This contemporary building will comprise of 134 bachelor suites, 328 one-bedroom units, 219 two-bedroom units and 67 three-bedroom units. The building boasts a wide variety of luxurious suite types, including 2-storey Loft Collection suites and Penthouse Collection suites with nine-foot ceilings.
The suites themselves are modern, including Miele kitchen appliance packages and kitchen and bathroom counters and backsplash finished in quartz. The entire building includes high-speed Internet access with “future technology-ready” features in all suites.
Located at 481 University Avenue, this spot used to house the offices of Canadian media icon Maclean Hunter in the early 1900s – founder of Maclean Publishing Company. As a result, the building holds heritage status for Toronto, and the design for this new building aims to marry the location’s existing Modern Classical look with a contemporary twist. The design will include a classic and stately office complex space sporting limestone columns along a widened sidewalk bordered University Avenue. The tower will boast sleek, contemporary lines to highlight it above the downtown core.
The United Bldg Condo boasts 24-hour concierge and amenities that span three floors. Amenities include a pool, hot tub, wellness-focused fitness centre, yoga deck, sauna, and rain room. It also includes a dedicated Sports Lounge with billiards, a video-gaming lounge, a bocce court, a golf simulator, a library and a theatre. Also included is a dog run, an all-season reflection pool and zen garden located high above the city. For those who like to entertain, this development also includes a well-appointed party room, fireplace lounge, and barbecues on the terrace.
United Bldg Financials
During the VIP release of units, United Bldg Condos start at the high $400Ks for studio units and go to approximately $1.1 million for two-bedroom units, with HST included in the price. I have exclusive access for clients for suites from floors 25 to 50.
For a limited time only, I am also able to offer the following incentives:
- Right to Lease during Occupancy
- Free Assignment Fee (value of $5K)
- Capped Development Charges and Levies:
- $10K for Studio, One-Bedroom and One-Bedroom+Den suites
- $15K for Two-Bedroom Suites
- $20K for Three-Bedroom Suites and Larger
- A 20 per cent Extended Deposit Structure (with only 10 per cent due in the first year)
The 20 per cent extended deposit structure for United Bldg Condos is as follows:
- $10,000 upon signing
- Balance to 5 per cent in 30 days (1 month)
- 5 per cent in 180 days (6 months)
- 5 per cent in 540 days (1.5 years)
- 5 per cent in 730 days (Just over 2 years)
Parking spots are available for large two-bedroom suites and up and cost $120K a spot, with maintenance fees for parking coming in at $89.95 a month.
There is currently a waitlist for lockers, but locker and bike storage maintenance would cost $19.95 a month.
Property taxes are expected to come in at approximately 1 per cent of the purchase price and maintenance fees are expected to cost approximately 75 cents a square foot.
The United Bldg Neighbourhood: The Bay Street Corridor
Living at the United Bldg Condos offers a number of choices when it comes to getting around. This luxury condo is a commuter’s dream and has a perfect 100/100 WalkScore and 100/100 TransitScore, meaning you can easily walk to key amenities, conveniences and transit access within five minutes or less. In fact, the building has direct access to the St. Patrick Subway Line and is only steps away from the Osgoode Subway Line.
The Bay Street Corridor of Downtown Toronto where the United Bldg Condos are located offer an array of fashion boutiques, cultural and entertainment venues, specialty markets, coffee shops, and some of Toronto’s hottest restaurants. This area is also home to wonderful attractions, including the Art Gallery of Ontario, the Four Seasons Centre for the Performing Arts and Nathan Phillips Square.
The United Bldg Condos also boasts easy access to the Toronto Eaton Centre Shopping Mall, Yonge-Dundas Square, Ed Mirvish Theatre, the Financial District, and luxury shopping in Yorkville.
Its close proximity to the University of Toronto, Ryerson University, Ontario College of Art and Design, and major Toronto hospitals will appeal to students and families alike.
Why invest in United Bldg Condos?
481 University Condos, where United Bldg is being built, is part of Toronto’s heritage inventory, and newly-built luxury condos are rare in this central location. This condo development’s prime location and subway access makes it a highly-sought after development, making this pre-construction VIP release a fantastic opportunity to get in early.
The United Bldg Condo is also one of a very few number of developments being built with a full suite of amenities these days, such as a pool and bocce court. If these high-end amenities appeal to you, condos with these offerings are starting to be few and far between, as most developments are going up with limited amenity choices these days.
For a limited time only, as a VIP realtor, I can also secure a number of special incentives for clients to make this an even smarter investment, including the right to lease during occupancy, free assignment fees, capped development charges and levies, and an extended deposit structure.
Full disclosure: United Bldg Condos is all about luxury, and luxury, full-suite amenities and prime location comes at a price. However, if this is a price you are willing and able to pay, it’s tough to see this property doing anything but appreciating as housing choices and prime spots become fewer and farther between. More so, if you are willing to pay top dollar, the platinum/VIP stage is the best time to get in. Prices will only rise as more units are released directly to the public (you can read more about why it is best to go with a VIP realtor in my previous blog post here).
Stage of Development
This pre-construction project is currently for sale through VIP realtors with a special incentive program. Give me a shout if interested!
Looking for an In?
Are you interested in investing in the United Bldg Condos? I would happy to provide you with information or access. As mentioned above, I can secure my clients with a limited-time offer special incentive program that includes the right to lease during occupancy, a free assignment fee (value of $5K), capped development charges and levies, and an extended deposit structure.
Any other questions or thoughts? Do you recall how 481 University Avenue looked before? Would you pay upwards of a million dollars to get into this prime spot? Let me know in the comments below.