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For Sale
Apartment, Commercial
Completed

Galleria on the Park

501-539 The Donway West, Toronto, ON M3C 3M9, Canada, Toronto, Canada
USD 500,000 - 4000000

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Overview

Bedrooms1-3
Bathrooms1-3
Area0 sqm
Year Built2023

The large-scale redevelopment of the old Galleria Mall in Toronto into a new mixed-use community.

Building/Community Amenities

  • 24/7 Concierge
  • Fitness Center / Gym
  • Indoor Pool
  • Party / Event Room
  • Pet-Friendly
  • Rooftop Deck / Terrace
  • Visitor Parking

Investment Insights

Investment Analysis

Investment Summary

Property Price:$500,000
Down Payment (30%):$150,000
Total Investment:$0
Monthly Rental Income:$0
Net Annual Rental Income:$0
Future Property Value:$0

Key Metrics

Cash-on-Cash Return:0.00%
Cap Rate:0.00%
Total ROI (over 10 years):0.00%
Annualized ROI:0.00%

Legal & Ownership

Legal & Ownership Information

Ownership Structure

Ownership Rights

Full ownership rights (Freehold)

Foreign Ownership

Foreign Ownership: Generally, there are no restrictions for foreigners buying property in Canada, although some provinces impose specific taxes and regulations.

Tax Considerations

Property Taxes

property taxes depend on the municipal assessment of the property's value, generally ranging from 0

Transfer Tax

transfer tax, varying by province (e

Inheritance Tax

Capital gains tax applies to 50% of the gain at the seller's marginal tax rate, while rental income is taxed as regular income, subject to federal and provincial tax rates

Important Considerations

Restrictions

  • Foreign Ownership: Generally, there are no restrictions for foreigners buying property in Canada, although some provinces impose specific taxes and regulations.

Required Documents

    Financing Options

    Financing Options

    Mortgage Calculator

    $150,000
    Loan Amount:$350,000
    Monthly Payment:$0
    Total Payment:$0
    Total Interest:$0

    Financing in Canada

    Canada offers a robust range of property financing options for foreign buyers, making it a top choice for real estate investments. Typically, loan-to-value (LTV) ratios for foreign buyers range from 65% to 75%, depending on the lender and the buyer's financial profile. Canada's stable economy, favorable mortgage rates, and transparent legal system make it an attractive destination for international property investors. With a variety of mortgage products available, buyers can tailor their financing to suit their investment goals, making Canada a promising market for real estate acquisitions.

    Requirements for Foreign Buyers
    • 1
      Valid passport
    • 2
      Proof of income
    • 3
      Recent bank statements
    • 4
      Credit history report
    • 5
      Minimum down payment of 35% to 50%
    • 6
      Canadian bank account
    • 7
      Letter of employment or financial reference
    Popular Lenders

    Contact Information

    Elad Canada

    Elad Canada

    Property Developer

    Verified

    416) 223-4403

    admin@connectassetmanagement.com

    connectassetmanagement.com/developers/elad-canada/

    Contact Developer

    Mention property ID: Galleria on the Park when contacting.

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