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Toronto Condos You Can Own For Under 400k
Five Locations Set For High-Growth Appreciation
- This is a post from 2016. To see updated listings visit yossikaplan.com
Toronto property values are consistently increasing with average growthÂ significantly above inflation. At any given time the Real Estate Market can be up or down, but over time it will always increase. The rental market is incredibly strong, as are rental prices. This means that you can have someone else pay your mortgage down and build equity for you. The only time that you will lose money in Real Estate is when you are forced to sell.
3 dimensions of successful Real Estate investing
- Property value appreciation
- Building equity
- Monthly cash flow from rentals
Why do I like investing in pre-construction condos?
Your deposit is HEAVILY leveraged.Â You’re only putting down 15-20%, yet your property is appreciating at the full 100%. Let us consider a unit priced at 400k with annual growth of 10% per year.Â Provided the $400,000 that you paid was of market value at that time, then your property stands to increase by approx $160,000 by the time the project is completed 4 years later.
Deposit 20% = $80,000
Appreciation 10%/yr ($40k x 4 years) = $160,000
Real estate investment is all about leveraging what you have – your down payment – to get the best investment possible. Your mortgage and other carrying costs can be covered with time and a tenant paying monthly rent.
Pre-construction VIP eventsÂ continue to Sell Out: Project after project, and within days. Want in? We have access to the best Platinum/VIP sales. We encourage every investor to use our industry insider access and secure their investments with us, as soon as possible.
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One Bedroom 540 sq ft – $365k
55 Ontario St, also known as East 55, is a residential condo by Lamb Developments. It is located in Queen East, a neighbourhood that is seeing massive changes due to new commercial and residential development. This area is only going to become more in demand. It is nestled between St Lawrence and The Distillery District, two superb neighbourhoods to live in Toronto. This is a bargainÂ to buy at $650/ft as we believe $800/ft is imminent for this area.
One Bedroom 470 sq ft – $340k
159SW Condos by Alterra (36 Hazelton, Post House) is a new development that we recommend highly to our investors. It is located in South Rosedale, another neighbourhood that undergoing a massive re-development. If you care about making money in Real Estate, this project is a must. Great units you can buy today at $600/ft. Many balconies with absolutely superb views – no building obstruction. We have a great relationship with Alterra and we do everything we can to get the best deal for you.
OneÂ Bedroom 468 sq ft – $400k
411 ChurchÂ is a condo tower by CentreCourt Developments, known for 101 Peter and Indx Condos. CentreCourt is known as a high rental income developer. They build in excellent locations that are in close proximity to transit and local amenities. It is located at Church and Carlton, which is a 5 minute walk to College Station. We see value in 411 Church because the location is able to drive in high rental income.
One Bedroom 519 sq ft – $335k
158 FrontÂ is a residential condo built by Cityzen DevelopmentsÂ and Fernbrook Homes, known for Pier 27 Condos. 158 Front St East is very close to the St Lawrence Market.Â This is a very high-demand area for young urban professionals who desire a living space close to their downtown offices. This makes it easier to find tenants. The monthly rent payments can cover the mortgage and carrying costs. Ask us about our property management program and we will help you make a positive cash flow on your investment.
One + Den 713 sq ft – $376k
Empire Midtown is a serious BARGAIN deal. You can get a unit today for as low as $525/ft. The city average is over $600/ft! We highly recommend you get in on this project.Â Where else can you find a townhouse in Toronto for under $700k? We see hidden value and great potential for long term investors. The Eglinton Crosstown LRT will make this location even more accessible, connecting it to the rest of the city.
Wellington House is a stunning new project by Lamb Developments. This new development is the epitome of a lifestyle building – a residence that caters to the unique lifestyle, the entrepreneur, and the celebrity. Contact us for more info about this highly-anticipated project coming to KingÂ West.