Grand Festival Condos Assignment (1 Bedroom + Den)
(9 votes, average: 5.00 out of 5)
Loading...1 Commerce Street, Vaughan, Concord, ON
Assignment: From $583,100.00
Condominium
1.5 Bedroom(s)
633 Sq Ft
Completed in 2026
Grand Festival Condos is a highly anticipated condominium development currently under construction in Vaughan, within **Menkes Developments’ master-planned community at the Vaughan Metropolitan Centre (VMC).
Located at the prime intersection of Highway 7 and Jane Street, this landmark mixed-use project is helping redefine the future of the VMC — Vaughan’s first true urban downtown and entertainment destination. The development offers exceptional connectivity, with the VMC Subway Station just steps away, providing seamless access across the GTA.
Grand Festivas 1 Bedroom + Den Unit for Assignment
Assignment Price: $583,100.00
Unit Info
- Condo Name: Grand Festival Condos
- Development: Menkes development
- Address: 1 Commerce Street, Vaughan, ON, Canada
- Main Intersection: Highway 7 & Jane St
- Size Type: 1 Bed + Den , 2 Bath
- Unit Size: 633 Sq.Ft
- Facing: west
- Parking: No
- Locker: Yes
- Occupancy: Jan 20, 2026
PRICING INFORMATION |
|
|---|---|
| Assignment Price (AP) | $583,100.00 |
| Price/Sq.Ft | $921 |
| Original Purchase Price (OP) | $686,000.00 |
| Deposit Paid to Developer By Seller (21%) | $144,060.00 |
| Due on Occupancy | $0.00 |
BUYER’S SUM OF PAYMENT |
|
|---|---|
| Seller’s Profit (AP-OP) | ($102,900.00) |
| Deposit Paid to Developer By Seller | $144,060.00 |
| Total Payment | $41,160.00 |
PAYMENT STRUCTURE |
|
|---|---|
| Deposit Due Upon Offer Acceptance | $50,000.00 |
| Remaining Balance Due Upon Developer’s Consent on Assignment | ($8,840.00) |
Floor Plan
Highlight
Property Details
- Developer: Menkes Developments Ltd.
- Building Type: Condominium
- Ownership: Condominium
- Building Status: Under Construction
- Selling Status: Assignment
- Suite Type: 1.5
- Suite Size: 633
