Daniels DuEast Boutique coming this spring to Regent Park!By Newinhomes on Feb 20, 2018
Extremely exciting news for Toronto – following the huge success of Daniels DuEast West, Daniels has announced that DuEast Boutique – East Residence is coming this spring!
Located at Tubman and Dundas St. East, DuEast Boutique is in the heart of the award-winning Regent Park revitalization, surrounded by schools, shopping, dining, as well as the aquatic centre, six-acre park and the 2.8 acre athletic grounds.
The Walk Score is 88 out of 100, so the majority of your errands can be accomplished on foot! The Transit Score and Bike Score are both a perfect 100 thanks to the flat terrain, safe bike lanes, and proximity to the Dundas streetcar and Queen streetcar.
DuEast Boutique will rise 11 storeys, featuring soaring columns, expansive windows at ground level, and white cladding. The design will surely complement and elevate Regent Park’s master-planned streetscape.
There are 119 suites with one-, two-, and three-bedroom plans, so DuEast Boutique is ideal for singles, couples, and families! With the Regent Park revitalization, Daniels has aimed to emphasize the family-friendly environment with every new building. We’re awaiting details on the amenities at DuEast Boutique, but Daniels never disappoints!
First-time buyers should be really excited about DuEast Boutique because Daniels is offering their BOOST program advantage.
The BOOST program provides you with an interest-free and payment-free loan of an additional 10% to boost your down payment. This loan is recognized by the Canada Mortgage and Housing Corporation (CMHC) and it will also lower your mortgage payments, making the the cost of homeownership more affordable.
To qualify for the BOOST program, you must be currently renting, not own a home, make your DuEast Boutique suite your principal residence, have an annual household income below $90,500, be a permanent resident of Canada, and be 18 years of age or older.
When it comes to repayment, you don’t have to do so until you sell your home or it is no longer your principal residence. You will repay the original 10% loan, plus 10% of the capital appreciation.
For example, if you qualify for the BOOST program and purchase a $300,000 suite at DuEast Boutique, Daniels can give you a $30,000 loan. If you sell your suite for $350,000, you will then repay the original $30,000, plus 10% of the appreciation, which in this case is $5,000, so you repay $35,000 in total. (NOTE: Not an actual price at Dueast Boutique – for example purposes only)
Register for DuEast Boutique – East Residence
Given the location, Daniels’ reputation for developing high quality condo communities, the intriguing design, the success of the previous phase, and the numerous benefits of the BOOST program, Daniels DuEast Boutique – East Residence is one of Toronto’s most highly anticipated projects arriving this spring!
Register now to stay in the loop! Prices will be starting from the mid $300,000s.