Halo Residences – 480 Yonge St
Toronto Real Estate Investments
Halo Residences a condo tower by Cresford Developments, known for 1000 Bay and Casa 2 Condos. It is designed by architectsAlliance. Halo Residences is located in a high-demand area near Yonge and College. We see value in these condos because of their location and return on investment potential in a growing neighbourhood.
Halo Residences contains 38 storeys of residential units on top of a 7 storey podium, making the total development 45 storeys tall. It is comprised of approximately 423 residential units. Units range in size from studio to two bedroom suites.
Building amenities include:
- 24/7 Concierge Service
- Fitness Centre
- Outdoor Pool
- Party Room & Private Dining Room
- Theatre Room
- Guest Suites
Many condominium purchasers in Toronto’s real estate market are investors who see the value of owning property here. Thousands of people are moving to downtown Toronto every month. One of the highest-demand areas to move to is Yonge and College. There is a need for more residential units in the area. In our opinion, it is one of the best locations in Toronto to invest in. Yonge and College is a growth neighbourhood, meaning there is a lot of development to supply more residential units to meet demand. We believe property values could increase at a rate of 10% year over year. This is how fast Toronto is growing!
Downtown Toronto has several universities and the demand for students to live near campus is very high. Leasing out a one bedroom plus den unit to students will generate a monthly rent of $1,800-$2,200. We believe Halo Residences is a great opportunity for investors who are looking to receive cash flow from rents and timely appreciation. For more information on this investment opportunity, contact us in the form below.
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