Elektra Condos

Elektra Condos is new condos project by Menkes Developments Ltd. located at Dundas St E & Jarvis St, Toronto. It will be 48 storeys mixed use and contemporary designed condo development in Downtown Toronto’s Garden District. The neighborhood is in good revival mode. Minutes from Toronto Metropolitan University (Formerly Ryerson University), and a short walk from Dundas Square and all its sensory wonders, it’s an exciting address that has a lot to offer. A magnet for those who are open to adventure, open to new experiences

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Prices start from $600K’s. New Released Heritage & Tower Collection. 2 Years Rental Guarantee – 5% of Purchase Price per Annum (Limited inventory & subject to change). REGISTER NOW

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Details of Elektra Condos –

• No. of floors – 48
• No. of units –  520
• Architects – Giannone Petricone Associates
• Developer – Menkes Developments
• Interior Designer – Giannone Petricone Associates
• Sq footage from –  375 sq. ft. – 909 sq. ft.
• Available in – Studio, 1BR, 1BR+den (1 WR), 1BR+den (2 WR), 2 BR, 3 BR
• No. of Floor plans – TBA

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Highlights and Why to buy or Invest in Elektra Condos-

• Located at core Downtown Area
• Just few Minutes walk to Toronto Metropolitan University (Formerly Ryerson University). University of Toronto, OCAD University & George Brown College at a short distance and easily accessible through TTC or Bike ride
• Ryerson University which is located at a few minutes walks. 43000 Students and only 850 on campus housing available, so huge demand of housing nearby; great opportunity for investors.
• Toronto Eaton Centre is located nearby with all the big name shopping brand
• 5 Minutes small walk to Dundas Subway
• Yonge-Dundas Square nearby always has something exciting going on
• In the top retail, financial and entertainment area in Toronto
• Endless Shopping and Eateries in the Bay Street Corridor
• Next to TTC Subway Stations major streetcar routes
• Gardiner Expressway and Don Valley Pkwy are easily accessible for moving in or out of city
• Transit Score 100/100
• Walk Score 95/100
• Biker’s Score 99/100

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Information for Investors (This data is for neighborhood, not rental guarantee amounts for this project)-

• Rentability– Neighborhood vacancy rates below 1% with less than 10 days on market
• Rental Appreciation– Rental rates appreciation rate is from 12% – 17%  previous year (Source – Toronto Real Estate Board)
• Rental Rates in the area are following-
• Studio- $1950- $2150; Median- $2050
• 1 Bedroom- $1700- $2600; Median- $2300
  1 Bedroom + Den- $1975-$2850, Median- $2525
  2 Bedrooms- $2600-$3250; Median – $3000
  2 Bedroom + Den- $3400- 3750; Median – $3450
• 3 Bedroom – $3500; Median – $3500

(These are last 90 days stats from the date of updating this webpage i.e. Nov 22, 2022; future leasing rates change)

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Renderings of Elektra Condominiums-

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Location of Elektra Condos –

212, Dundas Street East, Garden District, Toronto Centre, Toronto, Golden Horseshoe, Ontario, M5A 2N7, Canada

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Walk Score of Elektra Condos –

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Suite Finishes-

• Laminate Flooring
• Granite Counter Top
• Stainless steel Kitchen Appliances
• Washer & Dryer

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Amenities (Over 20,000 sq. ft.)-

• Sound Studio
• Gaming Hub
• Garden Café
  Outdoor Terrace
• Co-work Lounge
• Party Lounge
• Theatre
• Kids Zone
• Fitness Studio
• Yoga Studio
• Fireplace Terrace
• Many more

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Special Extended Deposit Structure (Draft & Cheque payable to DENTONS CANADA LLP IN TRUST)

RESIDENT (15% before Occupancy)

$10,000 Bank Draft on Signing
Balance of 5% upon Signing 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

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NON RESIDENT

$10K Bank draft 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

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Floor Premium –

Suites with 1 Bath: $1,000/Floor
Suites with 2 Bath: $2,000/Floor

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Parking

$120K for Standard
$137K for EV
(3BR ONLY; Others will be on waitlist)

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Locker

Waitlist

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Occupancy

Spring 2027

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Maintenance Fee

Approx. $0.72/sq. ft.

(Hydro, Water, Heating/Cooling metered separately)

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Hydro Meter Connection Charge –

$2,500 + HST

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Incentives (LIMITED TIME)

• Assignment
• Capped Levies
• Extended Deposit Structure
• And Many more

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Pricing

Please register

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Floor Plans

Please register

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Copyright © 2022. All Rights Reserved. The information provided is for reference purposes only and is without any representations and warranties. The information should be verified. The website owners don’t represent the builders and developers of the condo/house project but represent the buyer/client of units. Sizes are approximate. Sizes, Specifications, Prices, inventory, Incentives and any other promotion are subject to change without notice. Errors and Omissions are Excepted. For Further Information, Please contact Karambir (KB) Singh MBA, CSSBB, PMP Real Estate Broker & Platinum/VIP Agent, 416 948 4757, Kingsway Real Estate Brokerage