Festival Condos

(1 votes, average: 5.00 out of 5)

High-Rise Condos in Vaughan

1 Commerce Street, Vaughan, ON

Festival Condos is set to become the entertainment capital of Vaughan. One of Canada’s largest master-planned communities is brought to you by Menkes and QuadReal.

Festival Condos is a new condo community by QuadReal Property Group and Menkes Developments Ltd. currently under construction at 1 Commerce Street in Vaughan, ON. The community is scheduled for completion in 2024.

This development was designed by Arcadis and will feature interior design by Cecconi Simone. The Festival Condos are 56 stories tall and have a total of 1,200 suites ranging from 458 to 699 square feet.

Amenities

Est. Maint $0.65 / sq ft / month
Est. Property tax 1% of the price / year

Total Min. Deposit 21%
Deposit Notes
Deposit Notes $5,000 Bank Draft upon Signing
Balance to 5% in 30 days
2.5% in 90 days
2.5% in 180 days
2.5% in 370 days
2.5% on March 1, 2022
5% on January 6, 2023
1% on Occupancy

Highlights

Floor Plans

All
1 Bed
2 Bed

1 Bed

2 Bed

Neighborhood

Festival Condos are set to be built in Vaughan’s Thornhill neighbourhood, offering residents a convenient lifestyle with easy access to shopping, restaurants, entertainment, job centers, schools, transit, parklands, and other amenities. Residents can easily walk to popular entertainment venues, retail stores, and dining establishments. Vaughan Mills, a contemporary shopping mall, is just a 7-minute drive away, providing a wide variety of options for residents.

Families will also have several opportunities to be active and have fun. This is the best place to live for nature enthusiasts because it includes everything from parks to recreational areas to trails and much more. Marita Payne, Spring Blossom Park, and Julliard Park are all nearby parks that are perfect for outdoor activities or picnics.

Transportation

Festival Condos is conveniently located just south of Vaughan Metropolitan Centre subway station, allowing residents to take the newly expanded York-Spadina subway line. Commuters can reach Union Station within 45 minutes. Residents of Festival Condos will also be able to access VIVA, YRT, and GO Transit buses straight from Vaughan Metropolitan Centre station.

The condo is just south of Highway 7, which connects residents to Highway 400, allowing for easy access to other major thoroughfares in the area.

Education

Festival Condos are the perfect place for growing families to call home. Vaughan’s elementary and post-secondary schools are all accessible by transit, and the city is proposing more schools and childcare options be built as the area continues to grow and develop. York University and Seneca College York Campus are also just a short subway ride away for postsecondary students.

Vaughan, with a rapidly growing population since the early 1990s, is preparing for a real estate boom. New high-rise condominiums are being planned in the city’s centre, focusing on urban density and street-level activity. The low vacancy rate encourages more development, making Festival Condos an ideal investment for buyers in the North York and Vaughan areas.

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Developer

QuadReal Property Group is a global real estate investment, operating, and development company headquartered in Vancouver, British Columbia, founded in 2016. QuadReal began as a full-service real estate operating firm in Canada and has since expanded its ability to engage in stock and debt in both the public and private markets. They invest directly, through programmatic partnerships, and through running companies in which they have a stake.

More projects from QuadReal Property Group

Menkes Developments Ltd. is a well-regarded, privately held real estate company specializing in the development, acquisition, and administration of office, industrial, retail, and residential properties. The business was established in 1954 and is one of the biggest private developers in Canada, with a particular emphasis on the Greater Toronto Area (GTA).

Menkes Developments Ltd. is a family-run company with a long history in Toronto. Murray Menkes, an entrepreneur, visionary, and successful businessman, founded the company about 65 years ago with the primary goal of concentrating his company’s efforts on the construction of single-family houses that provided exceptional quality and long-term value. Over time, Menkes Development has evolved into a fully integrated, multi-disciplinary real estate development firm, constructing complete mixed-use communities.