Pre-construction condos in Toronto is something everyone in real estate has their eye on. And after a somewhat slow summer for launches, the fall selling season has kicked off with a major bang. It’s obvious developers were waiting until after the Labour Day weekend to hit “go” on their project launches, so it’s an exciting time with plenty of opportunity.
But buyer beware – don’t think that all projects are going to give you the same return on your investment. You need to know how to make pre-construction condos in Toronto work for you. You also need insider knowledge on the reputation of the developer, neighbourhood insights and projections on future value, rent potential or assignment opportunities.
It’s also incredibly important to work with a pre-construction buyer’s agent who has relationships with the right developers. We can’t stress enough how critical it is to get into these sales at the earliest possible offering – if you don’t, you could already be paying higher prices than if you would if you were working with the right agent.
Here are some of the project we’re the most excited about – if you’d like information, pricing or floor plans for any of them, simply fill out the form below.
Distrikt Trailside Condos Oakville
You might be surprised to see us starting our list of pre-construction condos in Toronto with an Oakville development, but it’s high on our radar for many reasons. Many people feel priced out of the Toronto market, so stop looking for opportunities to invest in pre-construction condos. Distrikt Trailside by Distrikt Developments offers many benefits to both investors and end-users. But the biggest selling feature is the price – offered at $700/sqft, it’s an opportunity that requires less of an investment than many Toronto developments.
BONUS: any units that are over 565 square-feet come with a parking spot at no additional cost to the buyer.
Oakville is a hotbed for pre-construction right now and this development and developer far outperform the competition. Oakville was rated the number one community in Canada by Money Sense Magazine. Some of the top schools in the province are located here, and the Oakville GO Station is the largest behind only Union Station making getting to the downtown core a short 30-minute commute.
Trust us when we say Oakville will be buzzed about within the industry for a long time. Developers are paying attention and so are investors. In fact, Distrikt Phase Two was already announced at the VIP Broker Launch that we were a part of a few days ago (which means Phase One will be a great investment!). All signs point to this as a top opportunity this fall.
123 Portland – King West
123 Portland, to be located at the corner of Portland and Adelaide Street West is going to be one of the top developments coming to downtown Toronto this year. King West is known for being the neighbourhood that has it all – restaurants, cafes, shopping, grocery and fitness facilities. All of this right at your doorstep. If you’re a young professional or even looking to downsize from your empty-nest home, this location gives you everything Toronto has to offer.
First-time-buyers will love living in one of the hottest areas in Toronto, and investors will look at this as a long-term hold as rents will be high and the demand will be deep.
Minto is one of the most trusted developers in the city, with a wide range of mid-size projects that are well built with strong finishes. We expect the same for 123 Portland. The VIP Broker Launch is coming up soon, so we will be among the first with floor plans and pricing.
11 Yorkville Condos
11 Yorkville, one of the most anticipated launches of the fall season took place at the Royal Ontario Museum just last week. Released to VIP Brokers, this building stuns with its exterior design and high-end suite finishes. Nothing less would be expected from one of the most desirable addresses in Canada.
We think this is an exceptional play for investors, looking to buy and hold a unit that is guaranteed to yield incredible rental income. It’s also the perfect future home for those who plan to downsize within the next few years from their large homes into condos to enjoy easy living at an enviable address.
Brought to life by an incredible team of developers – Metropia Developments, Rio Can Developments & Capital Developments, this project is backed by the best in the business, known for quality builds, meticulous craftsmanship and award-winning design.
Yorkville is one of the most well-known areas of Toronto, filled with luxury shops, restaurants, cafes and fitness facilities. Living here, you won’t need to get into your car much, as you’ll have everything at your fingertips. Surrounded by the Four Seasons and The Hazelton Hotel, this address is sure to sell out quickly.
If you’re looking for a marquee property to put into your investment folder or even to call home, 11 Yorkville should be at the top of your list.
If you’re interested in learning more about any of these projects that we have VIP Broker access to, fill out the form below and we’ll respond right away.