Experience the pinnacle of luxury living at 1989 Condominium, a landmark development by Latch Developments situated in the heart of Burlington. Located at the strategic intersection of Appleby Line and Upper Middle Road, this cutting-edge project showcases two architecturally stunning towers, soaring 22 and 17 storeys high above a vibrant 6-storey podium. With 462 meticulously crafted units, ranging from spacious one to three-bedroom layouts, 1989 Condominium provides a contemporary urban lifestyle enriched by a variety of on-site retail amenities.
About
Project Info
- Developer Latch
- Unit Area 444 - 1144 sqft
- OccupancyDec, 2028
- Bedrooms 1 - 3
Description
High Rise Condominium Project
Deposit Structure
When purchasing a unit in this high rise condominium, the deposit structure is designed to be manageable and spaced out over several years:
1. Initial Deposit: Upon signing the agreement, a $5,000 bank draft is required.
2. First Payment: Within 30 days of signing, the balance to 5% of the purchase price is due.
3. Second Payment: On May 1, 2025, an additional 5% of the purchase price is due.
4. Third Payment: On February 1, 2026, another 5% of the purchase price is required.
5. Final Payment: The last 5% is due at the time of occupancy.
This structured approach allows buyers to plan their finances and make deposits over an extended period.
Occupancy
This high rise condominium project is slated for completion with occupancy anticipated in the fall of 2028, providing buyers with ample time to arrange their move into this modern and luxurious living space.
Features
Special Incentives and Features:
Capped Development Charges
- Buyers will benefit from capped development charges at $10,000, providing financial predictability and protection against unexpected cost increases.
Free Assignment
- Enjoy the flexibility of free assignment, allowing you to transfer your purchase agreement to another buyer without additional costs, offering both convenience and potential investment benefits.
Right to Lease During Occupancy
- Buyers have the right to lease their units during the occupancy period, enabling them to generate rental income even before the final closing, enhancing the investment potential of their purchase.
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