Skip to main content
Selling nowHouses · North York

Downsview Towns by Ace Development Ltd.

46 Monclova Road, North York, Toronto, Ontario

From$1,599,999

Occupancy
Est. Compl. Winter/Spring 2023
Homes
3-4
Artist's concept
Type
Houses
Units
10
Homes
3-4
Price from
$1,599,999
Occupancy
Est. Compl. Winter/Spring 2023
Status
Selling Now
Last updated

01 Overview

About Downsview Towns

Downsview Towns is a houses development by Ace Development Ltd. at 46 Monclova Road, North York, Toronto with 10 homes. Prices start from $1,599,999, with occupancy estimated for Est. Compl. Winter/Spring 2023. Current status: selling now (updated September 2026).

The most anticipated preconstruction project in North York.

Downsview Townhomes is a new townhouse development by Ace Development Ltd. currently under construction at 46 Monclova Road, Toronto. The development is scheduled for completion in 2023. Available units range in price from $1,599,999 to $1,675,000. Downsview Townhomes has a total of 10 units. Sizes range from 1980 to 2057 square feet.

Read the full description

Welcome To DOWNSVIEW TOWNHOMES

A luxurious, modern, and comfortable home. located on the northwest corner of Monclova Road and Exbury Road – East of Jane Street. The site is situated in an established neighborhood which directly abuts an existing high-rise apartment development to the west, as well as a high-rise apartment and townhouse development to the north.

CUSTOM-QUALITY CONSTRUCTION AND EXTERIOR Architecturally co-ordinated exterior colour package. Brick front facades (as per elevations where applicable). Pre-cast concrete sill (as per elevations where applicable). Elegant exterior finishing, including colonial columns, verandahs, decorative trims (as per elevations where applicable). Low maintenance aluminum eavestrough, downspout, fascia, and soffits. 25 year manufacturer's limited warranty on roof shingles. The strength of 2" x 6" exterior wood construction. The savings of energy conserving insulation. Exterior walls and ceiling to meet or surpass the Ontario Building Code requirements. Poured concrete walls treated and wrapped to ensure waterproof structure. The reassurance of tongue and groove sub-flooring to be fastened with screws. Vinyl thermo-pane casement windows with colonial grills and/ or sliding windows on the front elevations (as per elevation where applicable). Vinyl sliding door with screen (as per plan where applicable). Elegant insulating steel front door with brass latch handle grip set and deadbolts (as per plan where applicable). Roll up garage door with windows giving natural light in garage (as per elevations). Two hose bibs, one in the garage and one in the rear of the house. Fully sodded and graded lots as per Municipal grade plan with precast patio slabs (as per plan where applicable). Driveway to be base coated by vendor and top coated at the purchaser's expense (as per agreement of the purchase and sale). Two ground fault interrupter exterior electrical receptacles, one on the front porch and one at the rear. Boulevard tree location and species are to be pre-sited. Pre-cast concrete slabs to front entry. Rear doors shall receive pre-cast concrete step except where and as (opening door prevention bracket) required by the authority having jurisdiction.

ELEGANT INTERIOR FINISHING The grace of Classic Series doors throughout including all closet doors with quality hardware. All white latex paint on walls and semi-gloss white on doors and trim. The solid tradition of 4" baseboards throughout. Kitchen, bathroom and laundry ceilings to have flat finish textured ceilings on main floor and other rooms. Eight foot ceilings on the main and Nine foot ceilings on second floors, where applicable as per plan. Decorative columns shown as per plan (where applicable). Upgraded quality ceramic tiles in vestibule, kitchen, bathroom and main floor laundry rooms up to 13" x 13" from vendor's standard selections (as per plan and as per availability). Plus high-grade 36 oz. carpet wall to wall in designated areas.

KITCHENS AND BATHROOMS Gourmet kitchen features upgraded furniture style quality cabinetry with wide selection of counter tops from builder's standard samples. Single stainless steel sink with single lever faucet. Exhaust hood fan vented to an exterior 6" duct. Mirrors in all bathrooms over vanities. White ceramic accessories in bathroom. Pedestal sink in powder room with mirror (as per plans). Tub enclosures tiled to ceiling height (where applicable). Luxurious oval tub in master en-suite with 2-tier backsplash (as per plan where applicable). Choice of vanity cabinets with counter tops from builder's standard samples (where applicable).

ELECTRICAL AND PLUMBING 100-amp electrical service with copper wiring circuit breaker panel. Rough-in for Cable TV in master bedroom and in family room. Exterior and interior light fixtures excluding living room where applicable to be pre-selected by builder. Quality carbon monoxide and smoke detectors as per Ontario Building Code (where applicable). Pre-wired for telephone service, minimum two outlets. White switches and receptacles through out. Rough-in for dishwasher. Recessed light fixture in master ensuite shower stall (as per plan where applicable). Water pressure balancing valves in all showers. Single lever taps in all bathrooms and powder room. Single lever shower control taps in all tubs and showers (where applicable) except for oval tubs.

HEATING AND MECHANICAL Energy-saving high efficiency forced air gas furnace. Ductwork sized for future air-conditioning. High efficiency rental hot water heater. White air vents throughout the home except in the basement. Heat Recovery Ventilation Unit.

WARRANTIES Solid gold transferable warranty to each house. Seven years major structural defects. Two years plumbing, heating, electrical systems and building envelop. One year all other items.

Source: Downsview Townhomes

Builder's Website:

02 Pricing

Downsview Towns prices & price list

Downsview Towns pricing
Starting price$1,599,999
Up to$1,674,998

Full price list

Every available suite, price and floor.

  • Prices by floor and exposure
  • Parking, locker & fees
  • Current incentives

Sent by a licensed advisor. Prices change between releases, so ask for the latest.

03 Floor plans

Downsview Towns home models & floor plans

2 models from the latest release. Prices and availability move quickly, so request any plan to get its current price.
  • 4 Bed floor planAvailable

    4 Bed

    4 bed · bath

    Price on request
  • 3 Bed floor planAvailable

    3 Bed

    3 bed · bath

    Price on request

04 Amenities

Downsview Towns amenities

  • Green Space
  • Easy access to the major highways
  • Nearby Parks,
  • Schools,
  • Restaurants,
  • Shopping and many more.

05 Location & transit

Downsview Towns location & transit

Address

46 Monclova Road

North York, Toronto, Ontario

06 Key dates

Downsview Towns key dates

  1. September 30, 2026

    Details last updated

  2. Est. Compl. Winter/Spring 2023

    Estimated occupancy

07 Monthly cost

Estimate your Downsview Towns mortgage payment

$1,600,000
20% · $320,000
4.49%
25 years

Estimated monthly

$7,107

Principal and interest only. Excludes maintenance fees, property tax and insurance.

08 The builder

About Ace Development Ltd.

Ace Development Ltd. is the developer behind Downsview Towns.

All Ace Development Ltd. projects

Before you sign with any builder

  • Look the builder up on the HCRA Ontario Builder Directory: its licence, past homes and any conditions or convictions.
  • Read the Tarion Addendum in your agreement. It sets the closing dates, how delays work and what the builder owes you if it is late.
  • Know your deposit protection. Tarion covers deposits on a freehold home up to a set limit; ask how anything above it is held.
  • There is no cooling-off period on a new freehold home in Ontario, so have a real estate lawyer review the agreement before you sign, or make it conditional on that review.
  • Get every promise in writing: upgrades, lot premium, grading and closing adjustments.

09 New-home warranty

The Tarion warranty on a home at Downsview Towns

  • 1 year

    Workmanship and materials, plus the home must be fit to live in and meet the Ontario Building Code.

  • 2 years

    Water getting through the basement or the building envelope, electrical, plumbing and heating systems, and Building Code violations that affect health and safety.

  • 7 years

    Major structural defects.

Coverage periods are set by Ontario's new-home warranty law and apply to every new freehold home and condo suite. The builder must be licensed by the HCRA; check its record on the Ontario Builder Directory before you sign. How the Tarion warranty works

10 Assignments

Downsview Towns assignments

No Downsview Towns assignments are listed right now. Buying an assignment means taking over a buyer's contract before closing, often at a price set when the project launched. Browse assignment sales

Own a unit here?

List your assignment free. We check the builder's consent terms and keep your details private.

List your assignment free

Compare

Similar projects in Toronto

All new homes in Toronto
  • LSQ 1 & 2 in North York, Toronto by AlmadevSelling nowCondo6photos

    LSQ 1 & 2

    by Almadev · North York, Toronto

    From $599,900

    $/sq ft
    $1,187
    Deposit
    15% total
  • The Vic Towns in North York, Toronto by Solotex GroupSelling nowTownhome6photos

    The Vic Towns

    by Solotex Group · North York, Toronto

    From $1,299,990

    Beds
    2 bd
    Occupancy
    Construction
  • The Wilde Condos in North York, Toronto by Chestnut Hill DevelopmentsSelling nowCondo18photos

    The Wilde Condos

    by Chestnut Hill Developments · North York, Toronto

    From $568,900

    $/sq ft
    $1,174
    Occupancy
    2029
    Deposit
    20% total
  • Angular Condos in East York, Toronto by Daffodil DevelopmentsSelling nowFeaturedCondo6photos

    Angular Condos

    by Daffodil Developments · East York, Toronto

    From $837,000

    $/sq ft
    $1,384
    Beds
    1–3 bd
    Occupancy
    2027
    Deposit
    20% total

Before you buy

The rules that protect pre-construction buyers in Ontario, in plain language.

  1. 01How pre-construction deposits workTypical schedules, where the money is held and Tarion deposit protection.
  2. 02HST rebates on new homesWho qualifies, how the rebate is assigned to the builder and what investors owe.
  3. 03Tarion new-home warrantyThe 1-, 2- and 7-year coverage and delayed-closing compensation.
  4. 04Closing costs on a new buildDevelopment charges, levies, land transfer tax and adjustments to budget for.

Questions

Downsview Towns FAQs

Quick answers about Downsview Towns. Have another question?

Where is Downsview Towns located?

In Toronto, Ontario. Downsview Towns is a new pre-construction houses development there.

What kind of homes does Downsview Towns offer?

Houses — 10 homes. Downsview Towns is a houses development in Toronto, Ontario; the full model and floor-plan collection is available on request.

How much does Downsview Towns cost?

From $1,599,999. That is the lowest home price on the latest Downsview Towns price list we hold; builders change prices between releases, so request the current price list before you decide.

What home sizes are available at Downsview Towns?

3-4 homes. Floor plans with exact sizes and prices for each home at Downsview Towns are available on request.

When is occupancy for Downsview Towns?

Estimated for 2023. Occupancy dates on pre-construction are set by the builder and can move as construction progresses; your purchase agreement lists the firm and outside dates.

Is Downsview Towns a good investment?

It depends on your budget, timeline and the Toronto, Ontario market. Buying pre-construction at Downsview Towns fixes today's price with a staged deposit, with occupancy expected in 2023; compare it with nearby projects and resale before you commit, and ask our team or Zara for a project-specific assessment.

How do I get floor plans and prices for Downsview Towns?

Request them on this page. Our team emails Downsview Towns's floor plans, price list and current incentives, plus Platinum priority access where the builder offers it, at no cost to you.

More pre-construction questions
What is a pre-construction project?

A pre-construction project is a new residential development that is sold before construction is completed. Buyers purchase units during the planning or early construction phase, often at lower prices than completed units. You'll receive a unit upon project completion, typically 1-3 years after purchase.

How do deposits work for pre-construction?

Deposits for pre-construction projects are typically structured in stages. You'll usually pay 5-10% on signing, followed by additional deposits at specific milestones (e.g., 5% at occupancy permit, 5% at closing). These deposits are held in trust by the developer's lawyer until closing.

What happens if the project is delayed?

Construction delays are common in pre-construction projects. Your purchase agreement will include an 'outside closing date' that allows for reasonable delays. If delays exceed the specified timeframe, you may have options to cancel and receive your deposits back, depending on your contract terms.

What are the risks of buying pre-construction?

Key risks include construction delays, potential changes to the final product, market value fluctuations, and developer bankruptcy. However, you also benefit from lower initial pricing, potential appreciation, and the ability to secure a brand-new home. Always work with reputable developers and review all contracts carefully.

When do I start making mortgage payments?

Mortgage payments begin only after you take possession of your completed unit, typically at the final closing date. During construction, you'll only make staged deposits. You'll need mortgage pre-approval closer to completion, usually 90-120 days before the expected closing date.

Can I customize my unit?

Customization options vary by developer and project phase. Early buyers often have more choices in finishes, fixtures, and layouts. Common customizable elements include flooring, kitchen cabinets, countertops, and bathroom fixtures. Options are typically presented during the design center appointment, which occurs after purchase.

What warranties are included with pre-construction homes?

New homes in Canada come with provincial new-home warranty protection — Tarion/HCRA in Ontario and equivalent programs in other provinces. This typically includes one-year coverage for defects, two-year coverage for water penetration, and seven-year coverage for major structural defects. Your developer will provide warranty details at closing.

What happens if the developer goes bankrupt?

If a developer declares bankruptcy, your deposits are typically protected if they were held in trust. However, the project may be delayed or cancelled. In some cases, another developer may take over the project. It's crucial to research developers' financial stability and track record before purchasing.

What documents do I need to review before purchasing?

Essential documents include the purchase agreement, disclosure statement, architectural plans, condo declaration (for condos), and developer's financial statements. Have a real estate lawyer review all documents before signing. Pay special attention to deposit structure, completion dates, and cancellation rights.

How long does it take from purchase to move-in?

Timeline varies by project, typically ranging from 12-36 months. Factors include project size, construction complexity, and market conditions. Your purchase agreement will include an estimated occupancy date, but this is subject to change. Stay in regular communication with your developer for updates.

Can I visit the construction site?

Site visits are usually allowed but must be scheduled with the developer for safety and insurance reasons. Many developers offer periodic site tours or provide progress updates through photos and videos. Always follow safety protocols and never visit the site without authorization.

What happens at the final inspection and closing?

Before closing, you'll conduct a pre-delivery inspection (PDI) to identify any defects or issues. These are documented and should be addressed by the developer. At closing, you'll pay the final balance, receive keys, and complete final paperwork. Your lawyer will handle the closing process and ensure all conditions are met.

Get the Downsview Towns price list before you decide.

Current prices, available floor plans and incentives, sent to you by a licensed advisor. Free, no obligation.

Coldwell Banker Summit Realty, BrokerageLast updated

Summitly is a brokerage, not the builder; prices, incentives and availability are set by the builder and can change.

Sizes, specifications and dates are preliminary and provided for information only. Renderings and floor plans are artist's concepts. This is not an offering for sale; an offering can only be made with the applicable disclosure statement. Verify all details with the builder. Marketed by Coldwell Banker Summit Realty, Brokerage. E. & O.E.

From

$1,599,999

Call