Reagent Park, downtown is going through a massive Billion dollar revitalization over 10 years. Phase 1 - One Cole was launched in May 2009 and over 85% of the units sold out in 2 months. These smart investors have already seen $20K+ gains on their units.
Phase 2 - One Park West is under construction, another low rise 13 storey condo and demand is expected to be extremely high. Investors will pick up these units because it is so close to all the amenities.
You are not too late to buy early and gain the win-fall appreciation expected as there are 6 phases in total of construction. Other reviatlization projects in the city like Liberty Village have done extremely well. Regent Park also has Government backing.
One Park West is under construction and has short closing and is stated to be ready for May 2011. Investors money won't be tied up for 3-4 years... you can start earning rental income right away. Great opportunity for 1st time buyers as well to afford a Condo Downtown!
You also know that the Developer will with each additional phase increase selling prices so your investment is assured to appreciate.
Qualified buyers can buy with only $3500 down provided they pay $1000/month until you reach your 5% deposit. You can't find this deposit structure anywhere. Most developers want 15% to 25% up front.
Daniels are a great Developer and have excellent success in selling their projects and they treat all their buyers with respect.
Local Amenities.
- Located right at the Central 6 acre park
- Brand New - Aquatic Centre
- arts and cultural centre
- new community centre
- Banks
- Eaton Centre, Local Sobeys and more shopping on the way
- Transit
- DVP Highway
The BEST Reason to buy is they HOME BOOST PROGRAM and 5% Down.
You can buy for as little as 5% and get 10% more interest FREE & payment free so you only take an 85% mortgage loan.
There are also townhomes
Ready to Buy... Email jasjagpal@rogers.com and ask for the price list and floor plans and get the best selection possible.
Get them in September before they go public in October.
Qualifying: Buyer and his/her spouse cannot be a home owner in Canada, and buyer must be currently renting. The purchased home at One Park West must be his/her sole and principal residence. Buyer's annual household income does not exceed $77,900 and Buyer must be a permanent resident of Canada and over 18 years of age.
Deposit Structure:$3,500 on signing the Agreement of Purchase and Sale and
$1,000 per month until move-in date or until 5% of the purchase has been paid
OR
$3,500 on signing the Agreement of Purchase and Sale and Balance of 5% in 30 Days
SIGN UP AND GET VIP SAVINGS
Bonus Incentives:
1) Parking $15,500 and Locker $975
2) Purchase a Studio or One Bedroom suite in the tower and take advantage of FREE Maintenance Fees for ONE FULL Year.
3) Closing Cost Capped at $2,000.
© 2010- Jas Jagpal, Remax Sales Representative, jasjagpal@gmail.com ; 647-272-6629
Markham Boxgrove Homes, Morningside Heights Homes, Scarborough Town Centre Condos, Toronto Real Estate: www.JasJagpal.com
Thinking of Selling House or Condo - FLAT FEE MLS at: www.SELLFor999.com
Posted on: www.1stoprealestate.ca : www.LinkToMorningside.com: www.MarkhamBoxgrove.com
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