Master planned community with long term upside
Galleria 1 is part of Galleria on the Park, a multi phase community replacing the former Galleria Mall with new residential towers, a major public park, a large community centre and street level retail. The site at Dupont and Dufferin is already an active mixed use pocket and is expected to see more residents, services and transit riders over time.
For investors, that means buying into a long term planning framework rather than a stand alone tower. As the park, retail and community centre open, the appeal of living here should support both resale and rental demand.
Functional 1+den layout that supports work from home
- Approx. 638 sq ft, 1 bedroom plus den
- North east exposure
- Larger than many newer 1 bedroom plans in the low 500s
- Den works as a dedicated work from home zone, study area or compact guest space
- Layout supports a wider tenant pool than a basic 1 bedroom
- No parking or locker helps keep the entry price point sharper
- Well suited to renters who rely on transit, cycling and ride share instead of daily driving
Amenity package that shows well in listings
- Full fitness facilities and modern indoor social spaces
- Outdoor terraces and shared areas that photograph well for marketing
- New large public park directly next to the community
- New community centre with recreation and programs on site
- Street level retail for daily convenience without leaving the block
- Amenity mix that justifies a premium over older walk up stock nearby
Assignment structure with capped closing risk
At launch, the developer promoted a modest deposit structure, capped or zero development charges, a right to lease during occupancy and a builder supported assignment option, all as set out in the original agreement. On this assignment, your cash requirement will come from the deposit already paid to the builder, any builder assignment fee and any agreed seller profit or credits.
That structure lets you focus on real holding costs, expected rent and long term value rather than unknown closing line items, once the purchase agreement and assignment terms are reviewed in detail.
