Master planned community in Vaughan Metropolitan Centre
Festival Condos sits in the heart of Vaughan Metropolitan Centre at Highway 7 and Jane. Instead of a stand alone tower, it is part of a multi phase plan with several high rise buildings, new streets, retail and public space. For investors, that means you are buying into a growing district where each new phase can support leasing and future resale in the earlier towers.
Efficient 1 bedroom layout for end users
- Approx. 500 sq ft 1 bedroom
- Bath count assumed at 1 (to be confirmed in the APS)
- Open concept kitchen and living area with a practical entry
- Defined bedroom that can be furnished comfortably
- Modern, manageable space that is simple to maintain
- Sits in a rent band many single professionals and couples actively target
- Size and layout that can help with leasing speed and reduce vacancy risk
Amenities and lifestyle that help your marketing
- Fitness options and modern social/lounge spaces
- Concierge and contemporary lobby design that photographs well
- Easy access to subway and bus connections in VMC
- Close to office towers, movie theatre, restaurants and large format retail
- Ability to market not just the suite, but the full package of transit, amenities and entertainment within a short walk
Assignment structure with clear next steps
As an assignment sale, you are taking over an existing builder agreement, subject to formal consent. Key numbers to underwrite are the deposit already paid, any development charge caps, the builder’s assignment fee and the estimated closing timeline. Once those are confirmed, you can calculate an Estimated Cash to Assume, layer in realistic rent for comparable 1 bedroom units and arrive at a clear view of monthly carrying costs before writing an offer.
