What are the best pre-construction condos in Toronto right now? Buildings seem to be popping up everywhere you look – the market is hot, and people are buying not only as investments, but to live in. But not all of them are good buys – some you should definitely stay away from for various reasons such as developer reputation, building delays, etc. Buying pre-construction can work for you, and we think there are some fantastic opportunities that you can take advantage of right now.
The Logan Residences | Leslieville
The Logan has so many great things to offer those looking for a pre-construction purchase without a long wait. It’s scheduled to occupy before the end of this year, so with only a few short months ahead of you, you could be living in your brand-new condo. For investors, that’s only a couple months of waiting until you can start renting out your unit and making a fantastic return on your investment.
Another reason we love The Logan Residences right now, is their current deposit structure. One-bedroom and one-bedroom plus den units require a 5% deposit payment plan. $10,000 on signing of the agreement of purchase and sale with the balance to 5% due in 30 days.
For larger units like the two-bedrooms, 3-bedrooms and 2-storey units, the deposit structure is at 10%. $10,000 with the agreement of purchase and sale, balance to 5% in 30 days and 5% on occupancy.
So, if you’re planning to purchase pre-construction to live in, this is an incredible opportunity to get into Leslieville, which is one of the most sought-after residential neighbourhoods in Toronto.
Everything will be at your front door, including some of the best restaurants, cafes and fitness facilities – plus you’ll be a short commute to the downtown core.
65 Broadway Condos | Yonge & Eglinton
Mid-town Toronto is becoming a hot-spot for great pre-construction opportunities. Many couples are seeking out two- and three-bedroom suites in order to start a family without sacrificing the convenience of condo-living.
65 Broadway Condos is located in the very popular Yonge and Eglinton neighbourhood. Set back from the busy main streets, this condo building will put you in the center of the action without disturbing your family lifestyle.
With the incoming Eglinton Crosstown LRT, this mid-town location is sure to provide incredible rental income to tenants for potential investors. For those looking to live in the neighbourhood, you’ll be able to walk to everything you need, regardless of season.
Yonge and Eglinton boast’s a Walk Score of 94/100, a Transit Score of 90/100, and many amazing shops, parks, restaurants and schools.
And with a variety of floor plans and pricing under current market value, 65 Broadway is a fantastic opportunity that first-time investors should consider. The building isn’t filled with overly luxurious finished and amenities, making this an affordable option in the mid-town core. The rental market in mid-town is showing no signs of slowing down so rental income will be easily secured.
XO Condos | Liberty Village
XO Condos is still one of the best pre-construction condos in Toronto right now. We’ve been talking about XO Condos since the VIP launch, and big news – they’ve JUST released their terrace suites and their penthouse collection, which all look incredible! From smaller one-bedrooms with giant terraces overlooking the city, to stunning penthouses, these units will work for both end users and investors. Our clients are jumping on these quickly because the future value is going to provide an incredible ROI once the building is complete.
Located at 1182 King St W in Liberty Village, XO Condos will be one of the first new buildings in the King and Dufferin intersection. With other developments coming to the area soon, it’s best to get in early so you can watch your investment grow year over year.
Liberty Village is still a hot neighbourhood in Toronto among young professionals, and those who are starting out here renting and turning into buyers. As their family forms, we see many of them wanting to stay in the area they love, so these larger units make for a great investment for those future-thinkers.
If you’re considering a pre-construction condo purchase for investment or to live in, don’t wait to check out these opportunities. They likely won’t last far beyond the summer months.
TRB Tip: Watch out for 11 Yorkville which is launching soon. This development should be on your radar if you’re looking at pre-construction coming up this fall. If you want to get on our VIP list for premiere access register with us now.
Interested in any of these pre-construction properties? We can send you details on pricing and floor plans – just shoot us an email. We’ll get back to you right away.