Halo Residences – 480 Yonge St
Toronto Real Estate Investments
Halo Residences a condo tower by Cresford Developments, known for 1000 BayÂ and Casa 2 Condos. It is designed by architectsAlliance. Halo ResidencesÂ is locatedÂ in a high-demand area near Yonge and College. We see value in these condosÂ because of their location and return on investment potential in a growing neighbourhood.
Halo ResidencesÂ contains 38 storeys of residential units on top of a 7 storey podium, making the total development 45 storeys tall.Â It is comprised of approximately 423Â 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 Torontoâ€™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, itÂ is one of the best locations in Toronto to invest in. Yonge and CollegeÂ 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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