Park Terrace Condos — Vaughan Pre-Construction
Park Terrace is a resale pre-construction condos development by Menkes Developments Ltd. in Vaughan's Thornhill. Get pricing, floor plans, deposit structur…
Park Terrace Quick Facts
| Project Name | Park Terrace |
|---|---|
| Developer | Menkes Developments Ltd. |
| Address | 81 Townsgate Drive |
| City | Vaughan |
| Neighbourhood | Thornhill |
| Region | York Region |
| Building Type | Condo |
| Sales Status | Resale |
| Storeys | 11 |
| Suite Sizes | 533 – 1 sq ft |
| Pricing | Register for pricing |
| Occupancy | 1994-01-01 |
| Walk Score | 78 |
| Transit Score | 66 |
About Park Terrace in Vaughan
Park Terrace Condos is a completed condominium development by Menkes Developments Ltd. at 81 Townsgate Drive in the Thornhill neighbourhood of Vaughan. The 11-storey project rises 47.7 metres (156.5 feet) and contains 125 suites. Park Terrace Condos was completed in 1994. Suites range from 533 to 1,020 sq. ft. The location has a Walk Score of 78 and a Transit Score of 66.
Park Terrace is also marketed as Park Terrace Condos, and listed in the developer's material as Park Terrace Condos.
Park Terrace Floor Plans & Price List
Floor plans, the current price list and deposit structure for Park Terrace are released to registered buyers first. Request the Park Terrace floor plans and pricing.
Amenities & Finishes
- ["-Gym / Exercise Room\r\n-Pet Restrictions\r\n-Enter Phone System\r\n-Pool\r\n-Sauna\r\n-Tennis Court\r\n-Parking Garage\r\n-Security Guard"]
Location: 81 Townsgate Drive
Park Terrace is located at 81 Townsgate Drive, Vaughan in the Thornhill neighbourhood, York Region.
- Walk Score: 78/100
- Transit Score: 66/100
Explore more pre-construction projects in Vaughan or browse the York Region region.
About the Developer: Menkes Developments Ltd.
Park Terrace is being developed by Menkes Developments Ltd..
See all Menkes Developments Ltd. pre-construction projects.
How to Buy at Park Terrace
- Register early. Allocation at Park Terrace in Vaughan is released to platinum brokerages before any public opening, so the best floor plans and lowest release pricing go to registered buyers first.
- Review the price list and deposit structure. Deposit structures for Park Terrace are confirmed at each release and can differ for end users, investors and international buyers.
- Submit a worksheet. Worksheets rank your preferred suites or lots; they are not binding until the developer issues an allocation.
- Sign and use your cooling-off period. Ontario pre-construction condominium purchases carry a 10-day statutory rescission period for lawyer and lender review. Freehold purchases do not.
Closing Costs & Investor Notes for Park Terrace
Budget beyond the purchase price at Park Terrace: development and education levies (usually capped by amendment), Tarion enrolment, utility meter hook-ups, land transfer tax, HST treatment (the federal/provincial new-housing rebate applies to buyers who occupy or, for investors, the rental rebate applies with a one-year lease), and legal fees.
Assignment rights, rental-during-occupancy rights and capped levies vary release to release at Park Terrace. Confirm each in the current agreement of purchase and sale before you sign.
Park Terrace — Frequently Asked Questions
Where is Park Terrace located?
Park Terrace is located at 81 Townsgate Drive, Vaughan in the Thornhill neighbourhood.
Who is the developer of Park Terrace?
Park Terrace is being developed by Menkes Developments Ltd..
How much do units at Park Terrace cost?
Pricing for Park Terrace has not been publicly released. Registered buyers receive the price list first.
When is occupancy at Park Terrace?
Estimated occupancy for Park Terrace is 1994-01-01.
How many units are in Park Terrace?
Park Terrace is planned as a 11-storey condo development.
How do I get platinum or VIP access to Park Terrace?
Circle Real Estate provides platinum access to Park Terrace, including first access to floor plans, the price list and worksheet submission. Register on this page to be added to the VIP list.
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Register for Park Terrace pricing, floor plans and VIP access on Circle Real Estate.
Last verified: 2026-10-20. Source: RedBricks project feed. Published by Circle Real Estate Brokerage. Prices and incentives are subject to change without notice. E. & O.E.