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1515 Pickering Parkway Condos

By: Sevoy Developments

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1525 Pickering Parkway, Pickering, ON, Canada

Platinum Access: From $407,990

Condominium

40 Storeys | 571 Suites

Studio, 1 - 2 Bedroom(s)

300 - 656 Sq Ft

VIP Launch: June 15, 2024

Completion: 2028

EXCLUSIVE PROMOTIONS

$8,500 CREDIT ON CLOSING (For a limited time only)
DISCOUNTED PARKING: $65,000
EXTENDED DEPOSIT STRUCTURE
MONTHLY PAYMENT PLAN DEPOSIT STRUCTURE
CAPPED LEVIES UP TO $15,000
FREE RIGHT TO LEASE DURING INTERIM OCCUPANCY ($5,000 Value)
FREE ASSIGNMENT ($5,000 Value)
FREE ROGERS BULK INTERNET FOR THE FIRST SIX MONTHS

1515 Pickering Parkway Condos is a new, one-of-a-kind development in Pickering by Sevoy Developments. With spacious suites, and luxurious amenities, 1515 Pickering Parkway Condos is a pre-construction project coming soon to 1497-1525 Pickering Parkway in Pickering.

This project will rise out of the property at 1525 Pickering Parkway. Just over five minutes by foot from Pickering Town Centre, 1515 Pickering Parkway Condos will have a singularly convenient location within Pickering. 

The world’s first fully-accessible condominium, 1515 Pickering Parkway Condos will provide unparalleled accommodation to people with mobility and cognitive disabilities. Every suite will be outfitted with additional amenities to account for this, and provide a higher standard of living for people with needs not usually met by condominiums. Room sizes will be larger, as will hallways, and since it is located so close to a mall and transportation hub, residents will have easy commutes and transit options.

1515 Pickering Parkway Website

 


Highlights at 1515 Pickering Parkway Condos

  • Only 10 minutes walk from Pickering GO stop
  • Many public transportation options nearby
  • Close to HWY 401 ramp
  • Short commute time to Downtown Toronto
  • Pickering Public Library nearby
  • Public transportation at doorstep
  • Walk Score of 55 out of 100. Transit Score of 59 out of 100
  • Nearby parks include Diana Princess of Wales Park, Glengrove Park and Mitchell Park

 

Reasons to Invest in 1515 Pickering Parkway Condos

1.Location

This development is located in a highly convenient area of Pickering. Right down the street from Pickering Town Centre, a shopping mall with over 200 retail stores, including a Saks Fifth Avenue, as well as a Cineplex Cinemas, Winners & Homesense, and many more. 

A great deal of Pickering’s local facilities can be found within a very short distance. Places like Pickering City Hall, Pickering Public Library, as well as two higher learning institutions – Durham College and Centennial College Pickering Campus. 

With other staple big box stores a short drive away like Home Depot, Loblaws, Canadian Tire and Walmart, residents of1515 Pickering Parkway Condos will find that everyday chores and errands a simple, convenient affair. 

The area is also peppered with many parks and green spaces. Diana Princess of Wales Park, and the Esplanade Park are both just a few minutes north, with plenty of green space, pathways, a basketball court, a ball-hockey court, a skateboard park and community gardens.

2.Transit Options

Being in such a centralized location makes 1515 Pickering Parkway Condos live up to it’s name. Only 10 minutes by foot from Pickering GO Station, and with a planned shuttle service directly from the building, commuters will find it easy to reach the downtown core by way of the GO Train commuter rails in short order.

Also nearby is the Pickering Parkway Terminal – with five Durham Region bus routes at this station. 1515 Pickering Parkway Condos is also very close by to the Highway 401,  residents of 1515 Pickering Parkway Condos face short, manageable commutes into the city, and with connections to Northbound highways like Highway 12, the 404, and the 400, trips up north to Barrie, the Kawartha Lakes, and the “cottage country” of the Muskoka is easy. 

The area is prime for transit options, and these options are only going to grow, with a new airport planned for the area. Estimates currently place the new airport at an operational date of sometime in 2027. 

3.Investment Opportunities

Durham Region is a hot real estate market, and continues to grow every year. Outpacing even Toronto itself, Durham is an attractive location for families looking to homes along the shores of Lake Ontario, within commuting distance to Toronto, and also offers many rustic, slower-paced towns in the north of the Region. The housing market in Ajax in particular has grown by a staggering 72% since 2012, with the average condo price sitting well below that of Toronto proper.

This growth is largely due to the influx of population, which is undergoing a dramatic downtown rejuvenation. Millions have been invested in building a new urban core to the city and surrounding areas, with emphasis on higher density and mater-planned communities with amenities right at the doorsteps to these new condominiums and subdivisions. 

With the city’s intention to revitalize the city centre, with the Pickering Town Centre Redevelopment Program, the area surrounding this central location is looking to see a large influx of homes and densification. This makes investment in this area a smart move as the region of Pickering continues to rejuvenate these core neighbourhoods. 

The average selling price of pre-construction condos in the City of Pickering for 2019 is $339,600. New listings, for the year thus far, has maintained a price per square foot of $566, while prices continue to grow to 28.1% year-over-year.

Over the next ten years, Pickering’s population is expected to basically double, with an increase of nearly 100,000 residents. As this massive growth  begins, demand for housing will increase and we will likely see a boom in development in the area. Get in on the action now with 1515 Pickering Parkway Condos!

 

About the Developer: Sevoy Developments

At Sevoy, we revolutionize traditional development paradigms by placing a strong emphasis on crafting inclusive, community-centric environments. Our investments are strategically directed towards urban, transit-oriented areas, ensuring that our developments are authentically centered on the fundamental element: people.

Property Details

  • Developer: Sevoy Developments
  • Architect: Arcadis
  • Building Type: Condominium
  • Ownership: Condominium
  • Building Status: Pre-construction
  • Selling Status: Platinum Access
  • Storeys: 40
  • Suites: 571
  • Suite Type: Studio, 1 - 2
  • Suite Size: 300 - 656
  • Launch: June 15, 2024

Pricing & Fees

  • Price: $407,990
  • Cost of Parking: $75,000
  • Parking Availability: For 1 Bedroom + Den & Larger. 1 Bedroom & Smaller Waitlisted.
  • Cost of Locker: $7,500
  • Maintenance Fee: $0.69/sqft on all suites
  • Notes: Includes: Common elements, and 24-hour concierge. Excludes: Hydro, heating & cooling, and water.
  • Parking Maintenance: $59.95/month
  • Locker Maintenance: $22.95/month
  • Lawyer: Dickson Wright LLP In Trust

Deposit Structure

MONTHLY PAYMENT PLAN DEPOSIT STRUCTURE
1 BEDROOM:
• $15,000 on Signing
• $15,000 in 30 days
• $1,500 per month to the balance of 15%
• 5% on Occupancy

1 BEDROOM + DEN:
• $20,000 on Signing
• $20,000 in 30 days
• $2,000 per month to the balance of 15%
• 5% on Occupancy

2 BEDROOM:
• $25,000 on Signing
• $25,000 in 30 days
• $2,500 per month to the balance of 15%
• 5% on Occupancy

EXTENDED DEPOSIT STRUCTURE
• $10,000 on Signing
• Balance to 5% in 30 Days
• 5% in 270 Days
• 5% in 750 Days
• 5% on Occupancy

Current Incentives

EXCLUSIVE PROMOTIONS

  • $8,500 CREDIT ON CLOSING (For a limited time only)
  • DISCOUNTED PARKING: $65,000
    (Regular price of $75,000; available to 1 Bedroom & Den suites and larger)
  • EXTENDED DEPOSIT STRUCTURE
  • MONTHLY PAYMENT PLAN DEPOSIT STRUCTURE
  • CAPPED LEVIES (Development Charges, Educational Development Charges, Section 37)
    • 1 Bedroom & Den and Smaller at $15,000 $12,000
    • 2 Bedroom and Larger at $18,000 $15,000
  • FREE RIGHT TO LEASE DURING INTERIM OCCUPANCY ($5,000 Value)
  • FREE ASSIGNMENT ($5,000 Value)
  • FREE ROGERS BULK INTERNET FOR THE FIRST SIX MONTHS (Beginning at Occupancy)


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