Ion Condos: Everything You Must Know
Ion Condos: Background
If you are searching for information about Ion Condos, you came to the right place. This page has all the information you need about this exciting condominium. Ion Condos is a relatively new property, built less than 10 years ago in the Downsview neighbourhood of Toronto and located in the northwest of the city. Ion Condos could be considered a small-to medium-size condo building with 10 floors and 200 units.
Ion Condos: Appearance
Ion Condos: Exterior
Ion Condos: Amenities
Ion Condos: Interior (sample unit)
Ion Condos: Location
From the birds-eye view, Ion Condos is located in the northwest part of Toronto, conveniently close to the Ontario 401.
It is located in the Toronto neighbourhood of Downsview, bordering such neighbourhoods as Rexdale, Yonge and Finch, Willowdale, and Yorkdale.
Express Highway allows you to quickly get to different parts of the city, including Toronto Pearson International Airport.
When zooming on the neighbourhood, Ion Condos condominium (15 James Finlay Way) is located next to the intersection of Keele Street and Wilson Avenue.
One of the largest and most loved Toronto malls, Yorkdale Mall, is located very closely to Ion Condos, just a few minutes away.
Wilson Subway station is just seven minute drive away, linking this neighbourhood to the Toronto downtown.
Humber River Hospital, which is located just a few steps away, is a state-of-the-art medical facility offering a wide range of medical services.
Ion Condos: Living
Our Ion Condos summary is compiled based on 55 Google reviews as of 2022, which add up to 3.9 stars in total. This indicates a good experience of living in Ion Condos as shared by most people.
Positive aspects of living in Ion Condos
On the positive side, most residents (both owners and tenants) highlight such aspects as appealing and newer looking condo appearance, availability of a small gym and a number of other amenities, resolved visitor parking issues (which were an issue in the past), unit sizes that are on the bigger side as compared to many new builds in Toronto, clean interior space and convenient access to both roads/highways and transit services.
Not-so-positive aspects of living in Ion Condos
An issue that has been highlighted was how flooding has been handled by condo management (resolving the issue took longer than expected). Also noted is that condo board/management could be more responsive.
Ion Condos: Amenities
Ion Condos amenities include following:
- Gym
- Yoga Studio
- Party Room
- Meeting Room
- Media Room
- Outdoor Patio
- Visitor parking
- Guest suits
- Concierge / Security
Ion Condos: Insurance you need
Similar to other condominiums in Toronto, you need to consider the different insurance types listed below:
If you own or plan to own a unit in Ion Condos, you would need:
Title Insurance
It protects you from potential issues related to the property title (e.g. if somebody claims that it is their property due to property title fraud or if there are unknown liens against your property).
Costs: approx. $250 (one time)
Mortgage Insurance
It covers possible situations where you pass away and your loved one If you pass away, your partner could become responsible for the existing mortgage on your Ion Condos property. We recommend getting proper life insurance to cover this risk as opposed to mortgage insurance sold by a bank. Life insurance is cheaper and will offer much better protection.
Costs: It depends on your mortgage amount, your health condition, and a number of other factors but can start at $25 / monthly.
Condo Owner Insurance
It covers your unit, its contents, your liability, damages to the condo upgrades, your locker, and additional living expenses (e.g. if you temporarily have to live in a hotel due to repairs). This insurance helps protect your investment.
Costs: It is relatively cheap and starts at $20-30 / monthly depending on the coverage you want.
Condo corporation insurance
This insurance is purchased not by you but by the condo corporation/condo board that manages Ion Condos. It covers aspects such as the exterior part of the building, any large technical building issues (elevators malfunctioning, heating systems, etc.), and common spaces (corridors, entry area, amenities, etc.). You will likely get a copy of it when you buy your unit.
Costs: $0 – you do not pay for it – it is included into your monthly condominium fees.
If you are a tenant or an owner who rents out their unit in Ion Condos, you want to consider:
Tenant Insurance
This is a special condo insurance policy for those who rent a unit. It covers tenant’s content and valuables and offers liability protection (e.g. if you flood your neighbours below).
Every condo owner should insist on their tenants having this type of protection as the condo owner’s insurance policy will not cover tenant’s items or damage through a tenant.