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Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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1 Commerce Street

Thornhill, Vaughan

Festival Condos South Tower

byMenkes Developments Ltd.&QuadReal
Size Range
458 - 699 sq ft
Storeys
59
Suites
1,300
Occupancy
2024
Sales Status
Developer Sold Out
Construction
Under Construction

Nearby Market

Finding nearby buildings and listings...

About Festival Condos South Tower

Festival Condos South Tower is a new condominium development by Menkes Developments Ltd. & QuadReal currently under construction located at 1 Commerce Street, Vaughan in the Thornhill neighbourhood with a 25/100 walk score and a 74/100 transit score. Festival Condos South Tower is designed by IBI Group and will feature interior design by Cecconi Simone. Development is scheduled to be completed in 2024. The project is 59 storeys tall and has a total of 1,300 suites ranging from 458 sq.ft to 699 sq.ft.

Key Highlights

AI Generated
  • Prime Transit Access — Located in Thornhill, Vaughan, Festival Condos South Tower boasts a Transit Score of 74/100, offering convenient access to public transportation.
  • Reputable Developers — Developed by Menkes Developments Ltd. & QuadReal, Festival Condos South Tower benefits from the expertise of established and trusted builders.
  • Diverse Suite Options — Choose from a variety of suite layouts, including 1-bedroom, 1.5-bedroom, and 2-bedroom units, ranging in size from 458 sq.ft to 699 sq.ft.
  • Comprehensive Amenities — Enjoy a wide array of amenities including an indoor pool, outdoor terrace, party room, kids play area, dog run area, and more.
  • Occupancy in 2024 — Anticipate moving into your new suite at Festival Condos South Tower, with occupancy scheduled for 2024.
  • Attractive Deposit Structure — Take advantage of a structured deposit plan, starting with $5,000 on signing and extending to occupancy.

Unit Breakdown

No unit breakdown available.

Price History — $/sqft

Festival Condos South Tower average price per square foot over time

Launch

$1003/sqft

Current

$1066/sqft

Change

↑ 6.3%(+$63)

Since

Sep 4, 2020

$953$994$1036$1078$1119Sep 20Sep 20

Deposit Structure

MilestoneAmount
$5,000.00 On Signing$5,000.00
Balance to 5% - 30 daysBalance to 5%
2.5% - 90 days2.5%
2.5% - 180 days2.5%
2.5% - 370 days2.5%
2.5% - Mar 1, 20222.5%
5% - Jan 6, 20235%
1% - Occupancy1%

Amenities & Finishes

Building Amenities

Multi-media room
Party Room with Catering Kitchen
Outdoor BBQ & Fire Pit
Music Room
Kids Play Area
Outdoor Theatre
Dog Run Area
Lounge
Social Club
Art Room
Sports Bar
Sun Lounge Area
Indoor Pool
Outdoor Terrace

Location & Scores

25
Walk ScoreCar-Dependent
74
Transit ScoreVery Walkable
Open in Google Maps

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April 2026

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Floor Plans

13 total units|$520,000 – $720,000|458 – 699 sq ft|
1.0BR (7)1.5BR (4)2.0BR (2)
Beds:
Baths:
Sort:
For Sale
$1,141/sqft
7on MLS
55 avg DOM
$400K–$730K
For Rent
$4.01/sqft
48on MLS
27 avg DOM
$2K–$3K

Current Availability

Beds:
Baths:
#712 - 195 Commerce StreetResale36d on market

$399,900

#712 - 195 Commerce Street

Studio1 Bath
0-499 sqft

Maint. $236.31/mo

TEAM PANAG REAL ESTATE INC.

#1709 - 195 Commerce StreetResale6d on market

$449,000

$898/sqft

#1709 - 195 Commerce Street

1 Bed1 Bath
500 sqft(MLS: 500-599 sqft)

Maint. $334.34/mo

RETREND REALTY LTD

#905 - 195 Commerce StreetResale51d on market

$449,900

$982/sqft

#905 - 195 Commerce Street

1 Bed1 Bath
458 sqft(MLS: 0-499 sqft)

Maint. $306.25/mo

REMAX YOUR COMMUNITY REALTY

#3309 - 195 Commerce StreetResale10d on market

$499,000

$998/sqft

#3309 - 195 Commerce Street

1 Bed1 Bath
500 sqft(MLS: 500-599 sqft)

Maint. $334.34/mo

HOMELIFE FRONTIER REALTY INC.

#1705 - 195 Commerce StreetResale184d on market

$585,000

$1,277/sqft

#1705 - 195 Commerce Street

1 Bed1 Bath
458 sqft(MLS: 0-499 sqft)

Maint. $335/mo

EXP REALTY

#1003 - 195 Commerce StreetResale45d on market

$629,900

$902/sqft

#1003 - 195 Commerce Street

2 Bed2 Bath
698 sqft(MLS: 600-699 sqft)

Maint. $453.7/mo

HOMELIFE/MIRACLE REALTY LTD

#2110 - 195 Commerce StreetResale51d on market

$730,000

$1,330/sqft

#2110 - 195 Commerce Street

1 Bed1 Bath1 Parking
549 sqft(MLS: 500-599 sqft)

Maint. $355/mo

SUTTON GROUP-ADMIRAL REALTY INC.

Red Bricks Intelligence uses a multi-layered, AI-enhanced algorithm to match floor plans and sizing to units. While we strive for a high degree of accuracy, errors may occur. Buyers should independently verify all unit specifications.

Transaction History

Search transaction history at Festival Condos South Tower

Leased
$5.00/sqft
19leased in last 90 days
Real estate boards require you to sign in to see sold and leased transaction details.

Apr 2026

1 Listed | 1 Rented
Jan 01, 2024Leased
$000,000

(Sign-in required)

Mar 2026

6 Listed | 6 Rented
Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Feb 2026

10 Listed | 10 Rented
Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 2026

3 Listed | 3 Rented
Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Jan 01, 2024Leased
$000,000

(Sign-in required)

Nearby Market

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28 Interchange Way, Unit 2601
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