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Galleria 1

1243 Dupont St, Toronto, Ontario

$450000

Listing TypeCondominium

Square Footage549 Sq. Ft.

Beds1

ExposureNorth

Showing AllowedYes

Master planned community at Dupont and Dufferin

Galleria 1 is part of Galleria on the Park, a major redevelopment of the former Galleria Mall into a mixed use community with new residential towers, a larger public park, a new community centre and street level retail. You are buying into a multi phase plan where each new building, shop and public space helps reinforce the value of earlier phases, which supports a longer term story for both resale and rent.

Efficient 1 bedroom layout with rental appeal

  • Approx. 549 sq ft, 1 bedroom, north exposure
  • Bathroom count assumed at 1 (to be confirmed in the APS)
  • Competitive size versus newer 1 bedroom layouts across the city
  • Enough room for defined living and dining zones
  • Space for a compact work from home nook
  • Functional everyday layout with limited wasted space
  • Sits in the size range many tenants actively search for, which supports leasing speed and rent per square foot

Amenities that help marketing and retention

  • Full fitness facilities for everyday use
  • Indoor and outdoor social lounges
  • Co working style areas for hybrid and remote workers
  • Outdoor space that photographs well for listing photos
  • New community centre and larger park next door
  • Street level retail that adds day to day convenience and lifestyle appeal

Assignment structure with clearer cost ranges

Launch incentives for Galleria 1 and 2 included a light deposit structure, capped development charges, the right to lease during occupancy and a free or reduced assignment, all subject to the signed agreement. On this assignment, total cash required is driven by the deposit already paid to the builder, any builder assignment fee and any agreed seller profit or adjustment. Once those figures are confirmed, you can underwrite the purchase using real monthly carrying costs and current rents in Galleria on the Park and nearby stock, instead of guessing at future closing surprises.

Financials

Listing Price$450000

Original Price$552900

Occupancy

Parking & Locker

LockerNo

Original Agreement of Purchase & Sale

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