Reagent Park, downtown is going through a massive Billion dollar revitalization over the next 10 years. Phase 1 - One Cole sold over 85% of their units in 2 months. Those who bought early have seen prices rise $20K+ 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 downtown amenities.
With long term projects, you can expect developers to raise the price with each new phase development. You can see this at work with Tridel's Metrogate project in Scarborough Town Centre... where those who bought Solaris 1 and 2 will reap nice profits on closing.
So buying One Park West is a great opportunity to see long term and short term gains, especially since you can rent out your condo with closings starting in May 2011 instead of waiting 3-4 years as with other Pre-Construction projects.
Qualified buyers can buy with only $3500 down provided they pay $1000/month until you reach your 5% deposit. You won't find this deposit structure anywhere. Most developers today want 15% to 25% up front.
Like Tridel, Daniels have a successful track record in selling their projects.
Local Amenities.
- Located right at the Central 6 acre park
- Brand New - Aquatic Centre
- Arts and Cultural Centre
- New Community Centre
- Close to Downtown, Harbourfront and the Beaches
- Banks
- Eaton Centre,
- Sobeys, Restaurants
- 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 a 85% mortgage loan.
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 a House or a Condo - Don't pay 5% or 4% commissions.
FLAT FEE MLS listings is the way to go: www.SELLFor999.com
Posted on: www.1stoprealestate.ca : www.LinkToMorningside.com: www.MarkhamBoxgrove.com
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