2021 is coming in hot, and there is plenty of excitement about pre-construction condos to indicate it’s going to be a good year for buyers and investors.
If you read our 2021 real estate market predictions, you’ll know that buying pre-construction in 2021 is going to be at the top of any smart investors’ list.
There are some great projects that will be launching early this year, so we’ve rounded up our top pre-construction picks.
500 Dupont Street Condos
500 Dupont Street Condos is a new development coming to the Seaton Village neighbourhood by Lifetime Developments.
For those looking to live in a neighbourhood close to the downtown core but away from the hustle and bustle of the city, this project should be on your radar.
Surrounded by shops, cafes and restaurants within walking distance, you’ll have everything you need at your doorstop.
Many residents here love the proximity to Yorkville, which is a short subway ride or stroll away. Yorkville’s upscale dining, shopping and art galleries are within reach yet homes in this part of Midtown are not nearly as pricey.
It’s also a popular neighbourhood for families, with plenty of access to schools, libraries, community facilities and parks, including the well-known Christie Pitts. A lush network of ravines runs through much of Midtown, creating an enviable oasis for dog walkers, joggers, or those craving a momentary escape from the city.
The development, coming from Lifetime developments is planned to be 9 storeys, housing 161 suites. The building and many suites within will boast grand terraces with exceptional views of the surrounding neighbourhood, making this a wonderful investment for both end users and investors.
The second floor of this new building will feature 3,164 square feet of indoor amenity space, connecting seamlessly to 4,327 square feet of outdoor amenity space. The building will be designed so levels two through four are U-shaped, overlooking an interior courtyard, while all levels up to the fifth will be cantilevered with inset balconies, providing covered pedestrian space at grade.
The unit mix at 500 Dupont Street Condos will consist of a mix between studio, 1-bedroom, 1-bedroom + den condos, as well as 2-bedroom, 2-bedroom + den, all the way up to 3-bedroom layouts.
With the number of luxury boutique condos proposed for the surrounding area along with some upscale townhomes, this development is poised to be an exceptional opportunity to get in early, in a neighbourhood that will be experiencing some serious growth in the near future.
8 Wellesley Condos
Whether you are just entering the real estate market or a seasoned investor, 8 Wellesley Condos is a great opportunity to purchase in a coveted downtown location.
This highly connected, prime downtown location is close to everything and makes getting around the city extremely easy. Boasting an A+ transit score, residents will have easy access to TTC bus routes and subway lines and with a near-perfect Walk Score, the area is surrounded by lifestyle amenities, making every day errands extremely easy.
Major downtown campuses including UofT, George Brown College, and Ryerson University are all easily accessible and some of Toronto’s major downtown employment hubs are also easily accessible. Quickly access Queen’s Park, the Financial District, and Hospital Row.
With this incredible accessibility, this development is primed for investors, looking to get into pre-construction condos in 2021. With a wide range of suites, there will be plenty of options to choose from – especially when working with a VIP Broker who can get you in first (us).
If you’re a seasoned investor looking to grow your portfolio, 8 Wellesley Condos will be worth looking at – particularly the larger suites that will be perfect for rentals. Tenants will be eyeing up larger spaces within the downtown core, so don’t just simply think of this as a studio or 1-bed buy.
We recommend looking at larger floor plans, or those 1-bed suites with a den that could be used as a secondary bedroom. Being in a prime student rental zone, it could pay off to have more than one bedroom for students looking to share with a roommate.
Brightwater Towns
We’ve said it before, and we’ll say it again, and again, and again. Brightwater Towns will be one of the top releases of the entire year.
The initial release will consist of 106 Townhomes, ranging from 1,900 square feet to 2,600 square feet and will be located within a 1-minute walk to the water.
Brightwater, a master-planned community in Port Credit will be a rare opportunity to live lakeside in Mississauga. Being one of the most anticipated developments to launch in Mississauga (ever), this development will feature nearly 3,000 residential units including both condos and the upcoming townhomes.
- 72 Acre Master Planned Community
- 5 Million Square Feet of New Built Form
- 5 Public Parks
- 18 Acres of Open Spaces
- 2,995 Residential Suites
- 300,000 Square Feet of Retail & Office Space
If you’re an end user looking to purchase outside of the city, you need to be paying attention to this development. The townhomes will be outfitted in the finest finishes and all will include a rooftop deck plus ground floor outdoor space.
These townhomes are perfect for those looking to start a family in the near future so will need more space than their current downtown condo.
Downsizers are also closely looking at Brightwater, as these townhomes provide ample living space, ground floor access and best of all, a location in a fully serviced, brand new community.
If you’re interested in any of these pre-construction condos coming in early 2021, and getting in first with Toronto Realty Boutique, simply fill out the form below, or the form on each of the project profile pages on our website.
We have first access VIP and Prestige status with these developers, ensuring you get the suite you want for the lowest price offered.