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Selling nowCondos · 48 storeys · Old Toronto

Elektra Condos

218 Dundas Street East, Old Toronto, Toronto, ON

From$593,990$1,545/sq ft

Deposit
20%
Suites
Studio – 3 bed
Storeys
48
Satellite view of the Elektra Condos site in TorontoSatellite view of the site

Pre-construction · Condos

Elektra Condos

Old Toronto, Toronto, ON

Builder
cmiosew9s001b04l7xf4tr7pz
Type
Condos
Storeys · units
48 · 522
Suites
Studio – 3 bed · 375-909
Price from
$593,990
$1,545 / sq ft avg
Deposit
20% in 6 payments
Status
Selling Now
Last updated

01 Overview

About Elektra Condos

Elektra Condos is a 48-storey condos development by cmiosew9s001b04l7xf4tr7pz at 218 Dundas Street East, Old Toronto, Toronto with 522 suites. Prices start from $593,990 (about $1,545 per sq ft). Current status: selling now (updated December 2025).

Rising in the heart of the city, Elektra by Menkes is a striking new condominium that places you that the center of the action. A community awash with exceptional freedoms and experiences available only to those who live in the core. Everything Toronto begins here, providing a truly electric lifestyle located conveniently close to work and surrounded by phenomenal shopping, extraordinary dining, and boundless entertainment opportunities.

A brilliant addition to the Toronto skyline, Elektra is right at home in the prolific downtown core neighborhood. Preserving the heritage building at its base, the vibrant tower blends the traditional with the contemporary—honoring and elevating the dynamic of the East Core.

02 Pricing

Elektra Condos prices & price list

Elektra Condos pricing
Starting price$593,990
Up to$1,270,990
Average price per sq ft$1,545
Parking$120,000
Maintenance fees$0.72 / sq ft / mo

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 Deposit structure

Elektra Condos deposit structure

Total deposit before occupancy

20%

  1. 5% · Balance of in 30 Days
  2. 2.5% · In 90 Days
  3. 2.5% · In 180 Days
  4. 2.5% · In 540 Days (1.5 Years)
  5. 2.5% · In 900 Days (Approx. 2.5 Years)
  6. 5% · On Occupancy
Elektra Condos deposit schedule
PaymentWhen%On $593,990
Deposit 1Balance of in 30 Days5%$29,700
Deposit 2In 90 Days2.5%$14,850
Deposit 3In 180 Days2.5%$14,850
Deposit 4In 540 Days (1.5 Years)2.5%$14,850
Deposit 5In 900 Days (Approx. 2.5 Years)2.5%$14,850
Deposit 6On Occupancy5%$29,700
Total20%$118,798

For illustration: the builder's published deposit structure, applied to the starting price. Your agreement of purchase and sale sets the exact amounts and dates. How deposits work

04 Floor plans

Elektra Condos floor plans

34 plans from the latest release. Prices and availability move quickly, so request any plan to get its current price.

  • Dundas 375

    Available

    Studio · 1 bath · 375 sq ft

    $593,990$1,584/sq ft

  • Dundas 375

    Available

    Studio · 1 bath · 375 sq ft

    $593,990$1,584/sq ft

  • Dundas 378

    Available

    Studio · 1 bath · 378 sq ft

    $621,990$1,645/sq ft

  • Dundas 378

    Available

    Studio · 1 bath · 378 sq ft

    $621,990$1,645/sq ft

  • Times 435

    Available

    1 bed · 1 bath · 435 sq ft

    $716,990$1,648/sq ft

  • Times 435

    Available

    1 bed · 1 bath · 435 sq ft

    $716,990$1,648/sq ft

05 Amenities

Elektra Condos amenities

  • Outdoor Patio
  • Indoor Child Play Area
  • Sundeck
  • Yoga Studio
  • Business Centre (WiFi)
  • Party Room
  • Games Room
  • Restaurant

06 Location & transit

Elektra Condos location & transit

Map of Elektra Condos and the surrounding streets
Open in Google Maps

Address

218 Dundas Street East

Old Toronto, Toronto, ON

Nearest rapid transit

Straight-line distance at 80 m/min · © OpenStreetMap contributors

07 Monthly cost

Estimate your Elektra Condos mortgage payment

$595,000
20% · $119,000
4.49%
25 years

Estimated monthly

$2,643

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

08 Assignments

Elektra Condos assignments

No Elektra Condos 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

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Before you buy

The rules that protect pre-construction buyers in ON, 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. 03The 10-day condo cooling-off periodYour right to cancel a new condo purchase, and when the clock starts.
  4. 04Tarion new-home warrantyThe 1-, 2- and 7-year coverage and delayed-closing compensation.
  5. 05Closing costs on a new buildDevelopment charges, levies, land transfer tax and adjustments to budget for.

Questions

Elektra Condos FAQs

Quick answers about Elektra Condos. Have another question?

Where is Elektra Condos located?

In Toronto, ON. Elektra Condos is a new pre-construction condos development there.

What kind of homes does Elektra Condos offer?

Condos — 48 storeys and 522 suites. Elektra Condos is a condos development in Toronto, ON; the full suite and floor-plan collection is available on request.

How much does Elektra Condos cost?

From $593,990, about $1,545 per square foot. That is the lowest suite price on the latest Elektra Condos price list we hold; builders change prices between releases, so request the current price list before you decide.

Is Elektra Condos a good investment?

It depends on your budget, timeline and the Toronto, ON market. Buying pre-construction at Elektra Condos fixes today's price with a staged deposit, with occupancy on completion; 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 Elektra Condos?

Request them on this page. Our team emails Elektra Condos'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 Elektra Condos price list before you decide.

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

Call (905) 553-8500

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.

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