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Home/The Residences at Central Park Condos/The Banyan

The Banyan

Available

$2,448,000

$1,892/sq ft

3 Bed·3.0 Bath·1294 sq ft·North·$1,892/sq ft

Bedrooms

3 Bed

Bathrooms

3.0

Size

1294 sq ft

Exposure

North

Prev: The Rosewood3 / 3
The Banyan Floor Plan at The Residences at Central Park Condos - 1294 sq.ft
Click to enlarge

Floor Range: 33 | Unit Number: 03

Price History

$2.3M$2.3M$2.4M$2.4M$2.4MMay 22Feb 23Dec 24

Launch Price

$2,288,000

$1,768/sq ft

May 15, 2022

Current Price

$2,448,000

$1,892/sq ft

$160,000 (+7.0%)

Deposit Structure

Deposit breakdown for this unit priced at $2,448,000

(20%) $5,000.00 On Signing Balance to 2.5% - 15 days 2.5% - 30 days 5% - 120 days 5% - 365 days 5% - 540 days

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 2.5% - 15 daysBalance to 2.5%$56,200$61,200Sep 7, 2026
2.5% - 30 days2.5%$61,200$122,400Sep 22, 2026
5% - 120 days5%$122,400$244,800Dec 21, 2026
5% - 365 days5%$122,400$367,200Aug 23, 2027
5% - 540 days5%$122,400$489,600Feb 14, 2028
Total Deposit20.0%$489,600

1,294 sq ft × $0.67/sq ft = $867/mo

Add-ons

Monthly Mortgage (P&I)$10,666
Property Tax (est.)$1,326
Maintenance Fees$867
Total Monthly Cost$12,859

Down payment: $489,600 (20.0%) · Mortgage: $1,958,400

Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.

Land transfer tax on this homeRent vs ownView more calculators →

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Building Market

For Sale
$1,867/sqft
8on MLS
2 avg DOM
$840K–$1.8M
Developer
$1,875/sqft
5available
$2.4M–$3.0M
For Rent
$4.38/sqft
5on MLS
15 avg DOM
$2K–$5K

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