Featured UPTOWN Listings For Rent

Address Type Locker Parking Occupancy Date Price
25 Water Walk Dr #128 1 Bed: 600-699 sq.ft. Included Included May 2018 $1,800
33 Clegg Rd #910 1+Den: 600-699 sq.ft. Included Included Immediate LEASED
9205 Yonge St NE-708 1 Bed: 514 sq.ft. Included Included Immediate LEASED
9506 Markham Road #1801 1 + Den: 690 sq.ft. Included Included Immediate LEASED
55 Oneida Cres #1207 1 + Den: 600-699 sq.ft. Included Included Immediate LEASED

Featured MIDTOWN Listings For Rent

Address Type Locker Parking Occupancy Date Price
128 Fairview Mall Dr #907 1 Bed: 0-499 sq.ft. Not Included Included Immediate $1,750
128 Fairview Mall Dr #503 1+Den: 500-599 sq.ft. Not Included Not Included Immediate $1,950
555 Wilson Ave #1005 1+Den: 600-699 sq.ft. Not Included Included June 1, 2018 $1,950
31 Bales Ave #2515 1+Den: 600-699 sq.ft. Not Included Included Immediate LEASED
128 Fairview Mall Dr #904 1+Den: 500-599 sq.ft. Included Included Immediate LEASED
195 Bonis Ave #904 2 Bed: 700-799 sq.ft. Included Included Immediate LEASED
128 Fairview Mall Dr #218 1+Den: 500-599 sq.ft. Not Included Included Immediate LEASED

Featured DOWNTOWN Listings For Rent

Address Type Locker Parking Occupancy Date Price
51 Lower Simcoe St #503 1 Bed: 500-599 sq.ft. Not Included Not Included Immediate LEASED
68 Shuter St #602 1 Bed: 500-599 sq.ft. Not Included Not Included Immediate LEASED
199 Richmond St W #2003 1 Bed: 500-599 sq.ft. Included Not Included March 15, 2018 LEASED
2200 Lakeshore Blvd W #1108 1+Den: 600-699 sq.ft. Included Included Immediate LEASED
51 East Liberty St #815 1 Bed: 507 sq.ft. Not Included Not Included March 5, 2018 LEASED

Our Services

Rental Listing Package

  • Marketing and advertising: MLS, CondoWong Website, client database etc.
  • Tenant screening: employment verification, reference and credit checks
  • Landlord and tenant interview
  • Lease signing
  • Verification and holding of first and last month deposits in trust before lease start date
  • Tenant registration and elevator booking for move-in
  • Enforcement of the following requirements before key release to tenant:
    • Hydro account registration
    • Proof of tenant insurance with minimum $1M liability
    • Deposit of $200 for entry accessories
    • Post-dated cheques for the remaining lease term
  • Coordination of window blinds installation
  • Delivery of complete file to Owner with all applicable documents attached
  • Link to softcopy of all documents for easy future reference
  • Commission: 1 Month Rent

Rental Management Package

  • On-going liaise with tenant during the whole lease period
  • Monthly rent cheque deposits
  • Coordination of all repair issues within and beyond warranty period
    • Technician/handyman/cleaner service charges will be landlord’s responsibility
  • Lease end suite inspection, cleaning, painting and repairs
    • Technician/handyman/cleaner service charges will be landlord’s responsibility
  • Link to your property’s folder so you can access cheque images, invoices, receipts and all applicable documents anytime with a simple click
  • Financial statement for your property, a one-click print out for your accountant at year-end

HST Rebate

When you purchase a pre-construction condo, you often come across the statement “Prices include H.S.T.”, while this is a true statement, there is a deeper meaning to it and requires different actions from condo end-users and investors. We know that HST is 13% in Ontario and it should be broken down into 2 portions: 1) the Non-Rebatable Portion and 2) the Rebatable Portion. The non-rebatable portion is approximately 5.2% of the net purchase price and the rebatable portion is approximately 7.8% of the net purchase price, for a total of 13% HST.


How are the portions calculated?


Net Purchase Price = Purchase Price – Non-Rebatable Portion of HST


The net purchase price is calculated using a set of formulas from the CRA depending on the range that the purchase price falls into. Let’s do an example:

Purchase Price = $319,400
Net Purchase Price = $319,400 / 1.052 (CRA formula) = $303,612.17
Total HST = Net Purchase Price * 13% = $39,469.58
Non-Rebatable Portion of HST = Purchase Price – Net Purchase Price = $15,787.83
Rebatable Portion of HST = Total HST - Non-Rebatable Portion of HST = $23,681.75

This means that when we purchase a condo of purchase price of $319,400 from a developer, the price has already included $15,787.83 of HST, which is the non-rebatable portion of the HST.


Who can be qualified to claim the Rebatable Portion?


  • An End-User who lives in the new condo unit as his/her primary residence – in this case, the developer will claim the Rebatable Portion from the government on behalf of the end user. In other words, if you’re an end-user, the rebate process will be transparent to you, you simply pay the purchase price and the developer will take care of the HST rebate for you.

  • An Investor who rented out his/her new condo unit to a tenant with a minimum 1 year lease – in this case, the investor would have to pre-pay the Rebatable Portion of the HST on final closing and then file the HST rebate application to the CRA to claim it back. You can expect to get the full amount back as rebate, but you need to be aware of an exception: if the CRA decides that the market value of your condo is much higher than the price you paid when you bought it from the developer, you would be getting a few thousand dollars less in rebate. CRA comes up with the market value based on market research, there is not much you can do to dispute it. However, this is a good problem to have, as it means that your investment has appreciated significantly. The expected time to receive your rebate cheque from the CRA should be 6-8 weeks. The following information will be required for filing the rebate application:
    • A copy of the final closing statement of adjustments from your lawyer
    • A copy of the 1-year lease agreement with your tenant(s)
    • The original purchase date on your agreement of purchase and sale
    • The occupancy date of your unit (i.e. the date you receive the keys)
    • The S.I.N # of all purchasers
    • Phone number of the primary purchaser (the person who wants to be the main contact for the rebate)
    • Mailing address of the primary purchaser

What is the purpose of this rebate process?


Essentially, you just pre-pay the HST and get the rebate back, so what’s the point of this rebate process? The purpose is to discourage condo flippers. If you flip your condo (sell it within 1 year of final closing), then you are NOT qualified to claim the rebate. We also believe that a healthy condo investment should be to buy and hold.


Is there a time limit to file the HST rebate?


You have up to 2 years from the final closing date to file the HST rebate.


What is the charge for filling out the HST rebate application?


Our fee for filling out the HST rebate application is $250+HST.
Simply contact us by email at admin@condowong.ca or by phone at 905.882.6882 x0