The Daniels Corporation's latest King West venture, Cinema Tower at 21 Widmer Street, is gearing up for a special round of sales, this time targeting folks with its unique Rent2Own program.

Just as at its NY Place condo building at Bayview and Sheppard, the residential developer’s exclusive offer gives prospective buyers, whose pockets may not run deep, the opportunity to become homeowners of selected units in this 43-storey Kirkor Architects-designed tower at the heart of the Entertainment District. The Rent2Own program puts a portion of your first year's monthly rent towards the 5% down payment. 

This homeownership program is intended to give those who may not yet have the financial wherewithal to purchase a condo the opportunity to reserve a suite. Here’s how it works: 
1) Choose a suite, sign an Agreement of Purchase and Sale and begin accumulating your down payment through Daniels' Gradual Deposit Payment Plan. 
2) When you move in, a portion of your monthly payment, along with total amount accumulated through the Gradual Deposit Payment Plan, will be credited towards your 5% down payment. 3) After one year, all that remains is to top off your 5% down payment for your closing.

If that doesn't swing it for you, consider these perks: 3-year TIFF and 1-year BIXI Toronto bike memberships! Interested parties can register now for Rent2Own seminars on Cinema Tower's website.

Occupancy is slated for summer 2013. Below, recent construction photo updates, courtesy of UrbanToronto Forum member rdaner.

Cinema Tower, image by rdaner

Cinema Tower, image by rdaner

You can check out our dataBase listing for more information, or stay up to date with construction and developments in our associated Forum threads, linked below.