Pre-Construction condos in Toronto can be found in every neighbourhood, from the west side to the east, and from the waterfront to far north of the city. As a first-time buyer or even an investor, it can be a challenge to sort through all of the offerings and determine where your money will go the furthest.
As experts in both the first-time buying experience and pre-construction investment strategies, we’re able to spot good opportunities when they come about and spot the ones to stay far away from. Here is our round-up of top picks for pre-construction condos that are currently available through Toronto Realty Boutique.
Toronto North
Line 5 Condos was one of the most popular pre-construction launches of 2018 – their North Tower sold out quickly and the South Tower is expected to sell out soon. Located on the south end of the development site at 117 Broadway Avenue, the South Tower of Line 5 Condos will share the podium with the North Tower and all its amenities. Designed by renowned interior design firm U31, these include a grand, oversized lobby reminiscent of a boutique hotel with inviting furniture, bold light fixtures and a cafe tuck shop that opens during peak hours.
Line 5 Condos is one of our top opportunities in the market right now because of the large suites that are available. 3-bedroom condos will be one of the most sought-after types of suites as the Toronto housing market continues to rise. A 3-bedroom condo with direct access to TTC and situated at Yonge & Eglinton will be a hot property for an investor looking for a condo to purchase and hold. Rental income plus the increase in value make this an investment not to be missed.
Toronto South
If you’re looking to get into a popular development that is getting plenty of media attention look no further than Sugar Wharf, located near the corner of Yonge Street and Queens Quay. One reason we stand so firmly behind this pre-construction development – it was named best-selling new condominium project in Canada for 2018 by Altus Group, a leading provider in real estate data and advisory services.
This massive project in Toronto’s Harbourfront community will anchor the new LCBO offices and flagship store, among many other retail businesses and office space.
This will be a high-density area, so it’s primed for investors looking to purchase and hold, focusing on rental income for the long haul. It’s also an exceptional opportunity for those looking to get into a community within the downtown core that has everything you could possibly need at your doorstep. With floorplans featuring incredible views of the waterfront, we could see this as a long-term property for the young professional buyer.
Toronto West
543 Richmond, located in the heart of the King West neighbourhood, will feature a total of 536-units in a 15-storey tower. Scheduled for completion in 2021, and suites range in size from 370 to 805 square feet – studio condos all the way up to 3-bedroom units.
King West is one of the most popular areas in Toronto for condo dwellers, making this a sough-after building among both young professionals and investors. It’s also a great opportunity for first-time buyers who are looking to begin their real estate portfolio – perhaps purchase to live in, then transition to a future property while holding onto this one for rental income. Due to the location, we think it will always be in high demand, like so many other buildings along the King West corridor between Spadina and Bathurst.
Toronto East
River and Fifth Condos is a new condo development coming to the Corktown neighbourhood at Bayview and Dundas E. Currently in pre-registration, the launch is schedule for early May and is certain to attract many first-time-buyers and investors.
The Corktown neighbourhood is becoming more and more popular, especially as we approach the busy spring selling season. The area is close enough to the downtown core for easy access to work and entertainment, but still has a distinct vibe and feel unlike any other neighbourhood in the city. The Don Lands project plans to revitalize the area with residential and commercial space, featuring many new buildings and shops along with schools and daycares, making River and Fifth Condos a great option for families looking to say in the downtown core.