The Clove is the first residential phase of the plan to rebuild Cloverdale Mall, at Dundas Street West and The East Mall in Etobicoke. Mattamy Homes and QuadReal are the developers. Suites with one, two and three bedrooms start at $440,990, one of the lowest starting prices for a new condo in Toronto.
Buying phase one of a mall redevelopment
Old shopping centres across Toronto are being rebuilt as neighbourhoods, with towers, parks and new streets replacing parking lots. Buying the first phase has a clear upside and a clear cost.
- The upside: first-phase prices are usually the lowest. Later phases tend to be priced higher once the area has been proven.
- The cost: you will live beside construction for years as the other phases go up, and the shops and parks in the plan arrive gradually.
Ask the sales office which parts of the mall stay open during construction and what is scheduled to be built next to your building.
Price and deposit
The starting price is about $211,000 below the City of Toronto’s average resale condo price of $651,648 in August 2026. The deposit is 10 per cent over 600 days, which is $44,099 on the starting price. Few Toronto projects ask for this little up front.
Keep in mind that Toronto buyers pay two land transfer taxes on closing. The figure is shown further down this page.
Getting around
The site is beside Highway 427, with quick access to the Gardiner Expressway and Highway 401. Kipling station, where the Line 2 subway, GO trains and MiWay buses meet, is a short bus ride or drive east along Dundas. Sherway Gardens is a few minutes south. Pearson airport is about ten minutes north.
Questions to ask
- What is the size of the suite at $440,990?
- What does parking cost, and is it offered with smaller suites?
- What is the timeline for the next phases?
- Is the completion date in late 2028 firm or tentative?
Closing costs at the starting price
Land transfer tax on $440,990 in Toronto is about $10,590, or $2,115 for a first-time buyer after rebates, including Toronto's municipal tax. New homes also carry builder closing adjustments such as development charges, utility connections and Tarion enrolment, which are set out in the agreement and are often capped on request. Have a lawyer review the agreement during the 10-day cooling-off period on a new condominium. The land transfer tax calculator and the HST rebate guide cover the rest.