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Festival Condos – Interchange Way & Highway 7
Festival South VMC is a four-tower mixed-use development in Vaughan Metropolitan Centre from Menkes Developments and Quadreal Property Group, designed by IBI Group Architects located at Interchange Way, Vaughan.
With premier shopping, lavish food options and every modern service imaginable, Festival will set the standard for new, urban districts. For the growing population of professionals seeking a work-life balance, Festival will offer a variety of in-suite designs in a welcoming, multi-dimensional community – surrounded by South VMC’s expansive amenities and green spaces.
Festival is centrally located in the emerging South VMC, a vibrant, new downtown surrounded by modern office towers, immersive retail shopping and expansive green spaces all just steps from the VMC Subway. As one of Canada’s largest comprehensive urban communities, Festival’s anticipated release will redefine the 905 skyline and become the new Landmark of downtown Vaughan.
Festival Condos Festival is set to be the new landmark in South VMC. A hub of culture, convenience and entertainment. Don’t miss your chance to invest on this once in a lifetime opportunity.
As a Platinum/VIP agents we have access to the best units at the best pricing. Join the priority lane!
Festival will feature dedicated green space, with areas to walk and cycle with ease. Connecting the towers will be an immersive pedestrian bridge, with remarkable outdoor elements, serving as a gathering space for residents to relax while taking in the full retail experience.
At Festival, amenities are on a scale never before seen. Spread out over 70,000 square feet across the platform, these mega-amenities are like an entire mini-city. Designed like a giant pavilion, with some areas outdoors and others inside. With all kinds of games, pools and water-themed play, party and hospitality areas, and arts and crafts areas, these amenities will appeal to residents of all ages.
With more than 430,000 sq.ft. of retail space, Festival’s indoor and outdoor amenities will include an amphitheatre, and car-free outdoor retail that leads to 45 acres of multi-use park and public space with covered pedestrian mews and sophisticated restaurants, shops and lifestyle services.
As a Platinum/VIP agents we have access to units before the general public. Join the priority lane! Feel free to get in touch to secure a unit before the launch process starts:
Exclusive number of agents who have the initial access to the project prior to the public and the rest of real estate agents.
No, the buyer has 10 days (recession/cooling days) from the date of execution of the Agreement
10 day period that allows Buyers to consult with professionals (ie. Lawyers, Mortgage, etc.) and decide whether or not to proceed. The Agreement can be cancelled for any reason within the Cooling Period.
Buyer(s) will receive an executed, the buyer will have the purchased agreement in their possession for review and after 10 days the transaction is firmed and bining by all parties in the transaction.
Once the purchase agreement is signed and the deposits have been paid, the buyer has 10 days to seek professional advice and review documents. The buyer has the legal right to purchase
Closing cost such as utilities connections, City levies such as parks/schools, Development charges. Typically depending to the unit size and can be range from $7000-$25000.
Yes, we will be able to help you out with that.
It is a period prior to the final registration when the unit is safe to leave but the corporation has not been established. During the occupancy the buyers will be paying the occupancy fee to leave in the unit.
The occupancy fee is like paying rent which the amount is set by the builder consist of balance of mortgage + estimated property tax + Maintenance fee. Final closing the buyers will be paying all the 3 mentioned components separably to the appropriate institutes.
Usually the final payment of installement due on interim closing or interim occupancy. The builder may request sets of set amount post dated cheques for the duration of this interim.
Assignment is selling the buyer’s interest to a new buyer.
Pre-Deliver Inspection is an inspection prior delivery of the unit and reporting any deficiency or incomplete work throughout the unit. We will be helping through this step.
Any transaction requires a lawyer and it is also recommended to involve a lawyer to review the Purchase Agreement during the cooling period and sums up their findings.
TARION, Ontario New Home Warranty program.
- CONSTRUCTION STATUS: Pre-construction
- OCCUPANCY: 2024
- FLOORS / STOREYS: 66
- NUMBER OF UNITS: 656
- DEVELOPER: Menkes Developments Ltd. and Quadreal
- ARCHITECT: IBI Group