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Richmond Hill · Selling · Townhouse
Modtera Towns by Aura Homes is a modern townhome community in North Richmond Hill, offering thoughtfully designed homes with contemporary architecture, rooftop terraces, and easy access to nature, transit, shopping, and everyday amenities.
Modtera Towns is a new Aura Homes development at 235 King Rd, Richmond Hill.
Includes 1 to 3-bedroom townhomes from 509 to 1,502 sq. ft.
Features 9' ceilings, quartz counters, smart entry, and EV rough-ins.
Located near Highways 404/400 and local GO Transit stations.
Rooftop terraces with private outdoor living space
Steps to GO Transit and major highways
Close to Lake Wilcox, Bond Lake Trail, and Cold Creek Conservation Area
Surrounded by golf courses, parks, cafés, restaurants, and shopping centres
Nearby public, Catholic, and private schools
Convenient access to Hillcrest Mall, SmartCentres Richmond Hill, and local entertainment
Walking, hiking, cycling, fishing, camping, disc golf, and picnic opportunities nearby
Easy access to Richmond Hill's dining, recreation, and everyday conveniences
Smooth 9ft ceilings throughout all living spaces.
European-inspired kitchens featuring quartz countertops.
5-piece stainless steel appliance package included.
Upgraded 5 ½" trim package with designer-inspired interior finishes.
In-suite washer and dryer included.
$5,000 with offer
Balance to 5% in 30 days
1.5% at 90, 120, 150, 180, 210, and 240 days, plus 1% on occupancy
Total deposit 15%
Capped Development Charges
$0 Assignment Fee**
Buyer-Friendly Deposit Structure
Parking Included
Situated in northern Richmond Hill, Modtera Towns balances quiet suburban living with urban accessibility. The local environment features equestrian estates, rolling moraine landscapes, and abundant green space.
Aura Homes is a GTA-based homebuilder focused on creating thoughtfully designed communities with modern architecture, quality craftsmanship, and functional living spaces tailored to today's homeowners.
Vik Paul
Salesperson
Intercity Realty Inc.
3600 Langstaff Rd #14, Woodbridge, ON L4L 7E9
Vik is a recognized leader in the pre-construction sector, known for a disciplined, data-first approach to early-stage project development. By seamlessly bridging the gap between market analytics, architectural vision, and financial feasibility, Vik ensures every project is positioned for maximum market absorption and profitability. The pre-construction market moves fast. Staying ahead requires a mix of historical data, current market intelligence, and forward-looking intuition. Get the Inside Track Are you looking for a competitive edge on upcoming developments or macro market trends? Connect with Vik to unlock exclusive insights.
Tarion is Ontario's new home warranty program. Every new home from a registered builder comes with warranty coverage: deposit protection if the builder can't close, one-year coverage for defects in work and materials, two-year coverage for things like plumbing, electrical, and water penetration, and seven-year coverage for major structural defects. Coverage starts at closing and stays with the home even if you sell.
It depends on the price and type of home. For a new freehold home priced at $600,000 or less, up to $60,000 of your deposit is covered — so a $60,000 deposit on a $550,000 home is fully protected. Above $600,000, coverage is 10% of the purchase price to a maximum of $100,000. Condos work differently, with two layers: the Condominium Act requires the builder to hold your deposit in a trust account, and if for any reason it wasn't placed in trust, Tarion adds up to $20,000 in protection on top. One recent change worth knowing: as of April 1, 2026, freehold buyers must register their purchase with Tarion within 45 days of signing to qualify for maximum deposit coverage.
The HCRA (Home Construction Regulatory Authority) is the Ontario regulator that licenses everyone who builds or sells new homes. A builder must be HCRA-licensed and the project enrolled with Tarion before they can legally sell to you. You can look up any builder's licence, history, and past projects for free in the Ontario Builder Directory on the HCRA website.
Search the Ontario Builder Directory (run by the HCRA) for the builder's name. Their profile shows licence status, years active, homes built, and any convictions or conditions. It takes two minutes and I recommend it before signing any pre-construction agreement.
It's the period when your unit is ready to live in but the building isn't legally registered yet, so you can't get a mortgage or take title. You pay the builder a monthly occupancy fee (roughly rent-like: interest on the unpaid balance, estimated taxes, and maintenance) until final closing. Interim occupancy can last several months.
Beyond the purchase price, budget for development charges and levies (often capped in your agreement — ask), Tarion enrolment fee, utility hookups, legal fees, and land transfer tax (Toronto adds a second municipal tax). HST is usually included in the price for personal-use buyers; investors may pay it up front and claim the rental rebate.
For new condos in Ontario, you get a 10-day cooling-off period to cancel for any reason with a full deposit refund. Freehold homes don't get this period. After the cooling-off ends, the agreement is binding — this is why a lawyer review during those 10 days is essential.
Delays are common, and your agreement sets out permitted extensions with required notice. If the builder misses deadlines beyond those limits, Tarion's delayed-closing coverage may entitle you to compensation. If a project is cancelled outright, your deposit may be returned with interest, subject to Tarion's deposit protection rules and the terms of your agreement.
Possibly — two temporary programs are in place. If you sign a purchase agreement between April 1, 2026 and March 31, 2027, you may qualify for a rebate of the full 13% HST on a new home valued up to $1 million — up to $130,000 in combined provincial and federal relief — with the maximum held at $130,000 for homes up to $1.5 million and reduced amounts up to $1.85 million. Eligibility rules apply, so confirm what you qualify for with your lawyer or accountant before counting on the rebate.