Pricing, Fees, and Deposit Structure
Aura launched with an accessible entry-level price point relative to the premium GTA waterfront market, drawing strong interest from first-time buyers and investors.
Financial Breakdown
- Starting Prices: Initial units launched from $539,990, with larger premium townhomes extending up to $899,900.
- Maintenance Fees: Estimated at a low of $200 to $275 per month. This fee covers snow removal, waste management, landscaping, and underground parking maintenance.
- The $55,000 Deposit Structure: An extended deposit program lowers the upfront financial barrier:
- An initial signing deposit of $5,000 or $10,000.
- Small, spaced-out installments over 30, 90, and 180 days.
- A capped total of $55,000 until occupancy, avoiding the traditional 15% to 20% down payment required by most GTA pre-construction projects.
Location and Transit Connectivity
Aura offers a suburban lakeside setting with fast transit connections to the economic core of Downtown Toronto.
- Long Branch GO Station: Located 1.5 km away (a 4-minute drive or a short community shuttle ride), linking commuters directly to Union Station.
- Highway Access: A 5-minute drive connects motorists to the QEW and Highway 427 interchange.
- Retail & Dining: Situated within 9 minutes of major shopping destinations, including Dixie Outlet Mall and CF Sherway Gardens.
- Downtown Toronto: Accessible in roughly 20 to 25 minutes via the GO Train or the nearby highway network.
The Surrounding Master-Planned Community
Aura’s long-term value is tied directly to the surrounding Lakeview Village master plan. Once a coal-burning power plant, this land is being transformed into a vibrant, sustainable, mixed-use waterfront district.
- The Innovation District: A planned 1.9 million square foot commercial hub dedicated to clean technology and digital media, projected to bring 6,000 to 8,000 jobs to the immediate area.
- Retail and Culture: Over 200,000 square feet of retail space will house lakeside restaurants, cafes, and shops. The community will also feature a 350-meter recreational pier extending into Lake Ontario.
- Parks and Trails: Residents will have direct access to 45+ acres of green space, including connected fitness trails and the adjacent 64-acre Jim Tovey Conservation Area.
Construction Timeline and Occupancy
Site preparation, deep utility installation, and district energy infrastructure are well underway at Lakeview Village.
- Target Occupancy: Move-ins for Aura are scheduled for Summer/Fall 2027.
- Community Readiness: The construction timeline aligns with the completion of the neighborhood’s central parks and initial retail paths, ensuring early residents move into a functioning community.
The Developer and Construction Technology
The project is spearheaded by Caivan Communities, a builder well-known across Ontario for integrating advanced manufacturing with residential design. For the Aura project, Caivan utilizes its proprietary architectural standards and precision building technologies from the Advanced Building Innovation Company (ABIC).
