In 2006, we made FirstHome™ history in Etobicoke, this time with a high-rise condominium. Daniels partnered with the Federal and Provincial Governments in a unique public/private partnership to create an incredible downpayment assistance program. The dream became reality once again.Our first FirstHome™ high-rise condominium proved a huge success on opening weekend, when we offered 178 suites in a 13-storey condominium building, plus seven three-storey townhomes.
A lot of it had to do with our custom Triple 5 downpayment assistance program we offered in partnership with the Federal and Provincial governments - another Daniels first!
WAVE is the largest affordable homeownership project funded under the Canada-Ontario Affordable Housing program, and it qualifying purchasers for CMHC’s 35-year mortgage amortization period.
Daniels kept maintenance fees low by focusing on amenities that are used the most, such as an internet lounge and party room.
By starting construction before going on sale, purchasers were able to move in much more quickly than they would have in a typical high-rise. And when it’s your first home, it’s hard to wait!
Adding to the lifestyle appeal, residents can walk to shops, restaurants and the lake, and the fashionable Sherway Gardens shopping mall is just a short drive away.
Many of the studio, one-bedroom, one-bedroom plus den, and two-bedroom suite designs offered incredible lake views.
The Etobicoke location at Lakeshore Boulevard and 12th street, just east of Islington, was a hit; purchasers were excited about living adjacent to Garnett Janes Park and only 15 minutes from downtown - and with TTC just outside the door.
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