Kalovida Canada

About Kalovida Canada

As only a fresh perspective can provide, a new entrant looks to shake up the southern Ontario home development industry by constructing a one-of-a-kind, luxury residence that has never been attempted before in Toronto.

Kalovida Canada Inc is the sister company of privately-owned real estate development and investment company Kalovida Grundbesitz GmbH, a proven international real estate developer that specializes in intimate building projects with unique attributes.

Having built up an impressive asset portfolio of German-based urban luxury properties, this developer began its international expansion by creating Kalovida Canada Inc in 2016, and then purchasing its first major Canadian real estate acquisition two years later.

Despite never having made a home in Canada before, this developer will leverage its international expertise to provide something that has truly not been seen before in the GTA home development industry.

Bungalow on Mercer is a boutique high-rise condominium residence that is as exclusive as its luxurious. This opulent 18-storey-high development will consist of one living unit per floor at most, offering private elevator access to what will be essentially a stacked single-storey house located at the very heart of Toronto’s bustling Entertainment District.

With the city’s top attractions, fine dining and hottest nightlife located just moments away, this extravagant residence distinguishes itself as Canada’s only full-floor condo suites equipped with world-class amenities and valet parking — all while being modestly tucked away behind a heritage building facade on a quiet one-way downtown street.

What would be an overly ambitious debut project for a lesser company is actually true to Kalovida’s vision of serving as a nimble boutique real estate developer. In keeping with its successful German business model with the support of their committed shareholders, Kalovida stays focused on significant secondary markets with strategic proximity to large cosmopolitan cities.

Track Record, Vision & Craftsmanship

By targeting developments that are too small for institutional investors yet too large for individual investors, Kalovida has carved out a niche for itself that is as original as the boutique condominiums they make.

As reputations go, Kalovida’s high repute also comes down to their well-known trustworthiness and commitment to quality; Kalovida’s developments all feature a superior quality of construction, best-in-class finishes and unparalleled locations. By building homes through their unique built-to-suit model, Kalovida remains committed towards the needs and wants of those expecting a meaningful and experience-rich urban life.

Kalovida remains best known for developments located in its home city of Bad Nauheim, a wellness city served by naturally-occurring hot springs. A short list of some of Kalovida’s top German projects include Kurpark–Hotel Dolce, Sprudelhof–Jugendstilanlage Bad Nauheim, and Franz-Grodel-Strasse – Fertiggestellt.

But it won’t be limited to overseas properties for long. Citing the city’s sustainable real estate development opportunities, Kalovida is seeking to grow its asset portfolio in the Toronto market in keeping with its long-term vision for growth in Canada. Even as future projects are contemplated, the developer remains proud of their accomplishments.

“We are excited to undertake such a prominent and exceptional project as our entry to the Toronto real estate market,” says Rafik Salib, Managing Director of Kalovida. “Toronto has been on developer’s radar for some time now and we finally found the right project to advance the long-term vision of the organization — and that project is the luxurious development that will be 24 Mercer Street.”

As a result of Kalovida’s philosophy, Toronto can soon look forward to this German developer’s brand of chic residential living that blends the downtown lifestyle with spectacular amenities and hotel-inspired personalized services.

Tarion Warranty & Buyer Security

Pre-construction homes and condominiums developed by Kalovida Canada in Ontario are covered by the Tarion Warranty Corporation in accordance with the Ontario New Home Warranties Plan Act.

This provincial framework provides purchasers with mandatory deposit protection, a 1-year warranty on workmanship and materials, a 2-year warranty on building systems (mechanical, electrical, and plumbing), and up to 7 years of major structural defect coverage. Condominium buyers additionally benefit from Ontario's statutory 10-day cooling-off rescission period upon signing.