81 Wellesley, 159SW, 75 The Esplanade – VIP
Our Top 2016 Investment Opportunities You Need To Know AboutÂ
Here are three new development condosÂ that are worth looking into. For those considering a downtown investment unit, these are the condos you are looking for. VIP pricing is on now, with many functional units available in the 300-400k range. Each condo hasÂ an excellent location and we believe these units have solid return potential and provide the best value to investors.
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81 Wellesley is aÂ residential development by Aragon Properties. It is designed by Core Architects and is located at 81 Wellesley St East, close to Church Street. It is currently in pre-construction and VIP pricing is available from the low $300,000’s.
81 Wellesley stands at 28 storeys and is comprised of approximately 200 units. Units range in size from studio to two bedroom suites. Some of the units feature custom designer kitchens, 9 foot ceilings and large wrap-around balconies.Â The tower will rise from a six-storey podium structure, in which floors 6 and 7 contains the amenity areas and open-air terrace.
159SW is a new condo development by Alterra currently in pre-construction at 159 Wellesley St East. 159SW Condos feature interiors by Toronto based firm U31. It is currently in pre-construction and VIP pricing is available from $390s.
75 The Esplanade Condos
75 The Esplanade Condos is a residential tower by Harhay Developments, known for 875 Queen East and 111 Bathurst. It is designed by architectsAlliance and stands at 34 storeys. It is currently in pre-construction and sales for available units start from the $200,000’s.
Top 3 criteria for investing in a condo:
- Return on Investment
The downtown core 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 $1,700-$2,000. These units are for investors who see the benefit fromÂ cash flows for rents and timely appreciation.Â We have helped many clients make successful Real Estate investments and know where to look for top growth potential.
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