Residences on Lombard Toronto
New pre-construction condo Great Gulf in Toronto.
About Residences on Lombard
Project highlights
- Development
- Residences on Lombard
- Developer
- Great Gulf
- Location
- Toronto — 20 Lombard St, Toronto Nearest Intersection: Yonge St & Richmond St W
- Property type
- Condo
- Ownership
- Condominium / Freehold
- Sales status
- Selling Now
- Starting price
- $1,400,000s
- Occupancy
- TBD
Residences on Lombard is a new pre-construction condo Great Gulf in Toronto. Through PreconFactory you get VIP access 30–60 days before public launch — that means first pick of the best units, the lowest pricing, and full incentive negotiation on your behalf.
Starting at $1,400,000s, Residences on Lombard is a strong choice whether you're buying to live in or as an investment. You lock in today's developer pricing while the property appreciates during the 3–5 year build period — leveraged returns that resale buyers simply can't access.
Introducing The Penthouse SkySuites at 20 Lombard. Soaring 45 storeys above the city, this exclusive collection of upper suites boasts forever views of the Toronto Harbour and city skyline. Enter through the luxurious exclusive Lombard private lobby, and be whisked to your suite sitting high above downtown Toronto. These luxurious condos are detailed with the highest level finishes and meticulous attention to detail, fitting of the most discerning buyers.Book your private appointment to experience this limited collection release
Why Toronto works
Residences on Lombard sits at 20 Lombard St, Toronto Nearest Intersection: Yonge St & Richmond St W. Canada's largest city and financial capital. World-class transit, diverse neighbourhoods, and the strongest job market in the country—making pre-construction condos here a top choice for investors and urban professionals.
Toronto keeps growing — new transit lines, more jobs, and rising household incomes. That's why pre-construction here makes sense. You're buying into a city on the upswing, at today's prices.
Why Toronto is growing
- Strongest job market in Canada with highest salaries
- Best transit connectivity in the GTA
- Highest property appreciation potential
- International appeal attracts global investors
About Toronto
Discover why Toronto is an ideal location for pre-construction investment
About Toronto: A Growing Community in the GTA
Toronto is home to 2.9 million (largest city in Canada), and growing by 77,000+ residents annually. Canada's financial capital and largest employment hub Additionally, world-class transit system with ongoing expansions. Located in Toronto, Residences on Lombard offers residents a perfect blend of urban convenience and suburban comfort.
Diverse neighborhoods each with unique character Strong rental market with high occupancy rates
Transit & Connectivity
Toronto is well-connected to the GTA through Line 1 (Yonge-University) and Line 2 (Bloor-Danforth) and Line 4 (Sheppard) and Line 5 (Eglinton Crosstown - opening soon) subway lines. GO Train stations including Union Station, Bloor GO, Exhibition GO, and more provide average 30-45 minutes to downtown core. Major highways including Highway 401, Gardiner Expressway, Don Valley Parkway, Highway 400 ensure easy access throughout the region.
Lifestyle & Amenities
Residents of Toronto enjoy access to excellent educational institutions including University of Toronto and Toronto Metropolitan University (formerly Ryerson), healthcare facilities like Toronto General Hospital, and major shopping destinations such as Eaton Centre and Yorkdale Mall. Popular parks include High Park and Trinity Bellwoods.
Investment Potential & Growth
Average condo prices: $700,000-$1.2M. Annual appreciation: 5-8% Average rental yield: 3.5-4.5%. Strong rental demand from students and professionals Future developments include Ontario Line subway expansion and Waterfront revitalization, which will further enhance the area's appeal. Major employment centers include Financial District and Tech sector (MaRS, Waterfront Innovation), driving demand for housing.
Why Toronto is Perfect for Pre-Construction Investment
Strongest job market in Canada with highest salaries Best transit connectivity in the GTA Highest property appreciation potential International appeal attracts global investors Limited land supply drives long-term value Investing in pre-construction in Toronto allows you to secure a property at today's prices while the area continues to develop and appreciate in value.
Excellent Transit
Well-connected to downtown Toronto and the GTA
Strong Growth
Consistent property value appreciation
Quality Living
Modern amenities and community infrastructure
Why pre-construction wins
Investment potential
Residences on Lombard is priced below comparable resale homes in Toronto. You lock in today's developer pricing, and by the time it's built (3–5 years), the market has typically appreciated 15–25% — free equity before you even close.
Developer confidence
Great Gulf has been building in the GTA for years — finishing on time and delivering quality homes that hold their value. That track record matters when you're committing this much capital.
View Great Gulf profile & projectsProject data sheet
Building features
- amenities
Project visuals
Residences on Lombard questions answered
What is the deposit structure for Residences on Lombard?
The exact deposit schedule for Residences on Lombard is set by Great Gulf and confirmed in the Agreement of Purchase and Sale. GTA pre-construction projects typically require a total deposit of 15–20% paid in stages over 18–24 months, but the specific milestones vary by builder and project. Contact PreconFactory for Residences on Lombard's current deposit structure.
When is the occupancy date for Residences on Lombard?
Occupancy for Residences on Lombard has not been publicly confirmed by Great Gulf yet. Pre-construction projects in Toronto typically deliver within 3–5 years of launch, but the exact date will be set in the Agreement of Purchase and Sale. Contact PreconFactory for the latest timeline.
Are assignment sales allowed at Residences on Lombard?
Assignment policy is set project-by-project by Great Gulf. Many GTA pre-construction projects permit assignments (sometimes for a fee, sometimes free as a VIP incentive), but this is confirmed in the purchase agreement. Ask PreconFactory before you sign so we can confirm the current terms for Residences on Lombard.
What are the closing costs for Residences on Lombard?
Plan for roughly 3–5% of the purchase price in closing costs, including Land Transfer Tax (Ontario and, in Toronto, municipal LTT — first-time buyer rebates may apply), legal fees ($1,500–$2,500), development levies, and Tarion warranty enrolment. The exact levy caps and adjustments vary per project — PreconFactory can walk you through the current numbers for Residences on Lombard.
Is Residences on Lombard a good investment?
Residences on Lombard by Great Gulf is priced at $1,400,000s in Toronto. Whether it's a fit depends on your budget, timeline, financing, and rental/hold plans — pre-construction returns are leveraged (you commit ~20% over two years) but not guaranteed. Contact PreconFactory for an ROI breakdown specific to your situation.
How do I buy Residences on Lombard?
Register with PreconFactory for VIP Platinum access to Residences on Lombard. You'll receive available floor plans, current developer incentives, mortgage broker introductions, and lawyer referrals. Our buyer service is free — the builder pays the buying agent's commission.
Who represents buyers at Residences on Lombard?
PreconFactory is a licensed Ontario real estate brokerage offering Platinum-access representation on Residences on Lombard and other GTA pre-construction projects. We negotiate on price, capped development levies, assignment rights, and upgrades on your behalf.
Helpful guides for buyers
First-Time Buyer Guide
Government incentives, deposit structures, and the step-by-step buying process.
Read guideMortgage Calculator
Estimate monthly payments, stress test qualification, and CMHC insurance.
Read guideLand Transfer Tax
Calculate closing costs including Ontario and Toronto LTT rebates.
Read guideInvestor's Handbook
ROI strategies, assignment sales, and cash-flow analysis for investors.
Read guideOther pre-construction in Toronto
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