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Where are the Best Deals for New Toronto Condos?
Buy a condo with 15% down, wait three years and find yourself with a $50,000-$75,000 profit - that's what some investment experts are saying.

 

While there are great buys across the GTA in the resale condo market, we have a group of investors looking for longer closing dates.  For those of you looking to buy investment grade condominiums, East End of Toronto is where the best value is and the smart money is buying.

Where in the East End am I referring to? Just a short trip to the area bounded by Parliament-Leslie, Lakeshore, and Dundas. The area is literally downtown or just two minutes away.

Central and West end projects like Aura, The Fashion House, Minto King West, Charlie, Burano, U, and Ice, will cost $500-$700 PSF for a typical 400-1000 square foot condominium. This may be market pricing, one of Toronto's top investor was quoted saying "I like to buy wholesale, not retail, I like to find buying opportunities at less than market value". In my opinion, this can be done in Toronto's East End. The best values always occur in "developing neighbourhoods." The East End is an area in transition; not only is it a great place to live, with a lifestyle second to none, but condo prices are 20-25% less than West and Central Toronto.

Currently, you can expect to pay just $380-$450 PSF for the same condo that would be $500-$700 PSF on Bay St., King Street West,  or virtually anywhere in the core of downtown. People are now just starting to flood to the eastside to buy. In a few years, the area will move to $500+ PSF. The whole feel of the eastside will continue to change. So much is changing so quickly. Exciting new things are taking place in the East End, like the Distillery District and Corktown, and the regeneration of the Design District (King & Parliament), the Queen Street East gentrification, the development of the Leslieville-Riverside neighbourhood, adding thousands of new residents and of course the new West Donlands development. All of these new projects add up to billions of dollars of redevelopment and investment in infrastructure. This will be a new world.
The key to accumulating wealth is to think out of the box. Imagine, what will be the next exciting part of Toronto and ride that change.
Currently, condo buyers can save $100-$120 PSF, or the equivalent of $50,000-$60,000 for a 600 square foot home, when buying from floor plans in the eastside developments
To specifically name a few opportunities - Broadview and Queen East, Carlaw and Queen East, and Parliament & King; projects like The King East, The Ninety, Worklofts and FlatIron Lofts are where the easy money will be made over the next three years. They represent the catalyst for the vibrant housing upheaval that the east end is experiencing. Buy a condo with 15% down, wait three years and find yourself with a $50,000-$75,000 profit.   Brad Lamb a Condo Investor says it couldn't be easier.  Its up to the individual investor now to analyze the options and decide for themselves.  
Hope this has been helpful.
If you'd like more information on these projects please give me a call.   We do have limited access to discount pricing.

Visit us at www.SuttonRealty.com or call 416-896-3333


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