Studio Condos on RichmondNew condo development which has started construction on Richmond in the Entertainment District. It is being developed by Aspen Ridge homes and comprises a multi-tower set up. The building is located at the corner of Duncan and Richmond.
The price points on the units range from $350,000 to $500,000 dollars. Located close to the Queen Subway at Osgoode Hall, and streetcar lines, this building is at the centre of the clubs and lounges of downtown Toronto. The first stage of the project is set to rise 31 floors and was designed by Quadrangle Architects
Amenities
Building Amenities include outdoor pool on the terrace, sauna rooms, bar, lounge, fitness and billards.
Building Stats
ADDRESS: Richmond & Duncan
NEIGHBOURHOOD: Entertainment District
DEVELOPER: Aspen Ridge Homes
NUMBER OF UNITS: 750
Photo of Rendering
Getting a Mortgage and Mortgage Insurance through The Co-operators for financing a loan to purchase at FIVE Condos is actually a relatively easy process, and new rules from the federal government has required that company include new regulations, which have made the home loan and mortgage process a bit more difficult. Those changes at The Co-operators include shortening the amortization period for which the loan can be held by the consumer, and the degree to which the property is financed by the mortgage. They have also increased deposit requirements to lift the loan insurance amount. Mortgage insurance from The Co-operators is actually one of the major financing costs on home loans.
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