If you're looking for a good deal on a modern place to live in the GTA but you aren't in a particular rush to have it, Toronto pre-construction condos could be just the thing you're looking for. By familiarizing yourself with a developer's previous works and the available floorplans, you can find your perfect downtown home before it even has any walls, and for an excellent price. Developers often offer significant discounts on early sales, as they need to reach a certain minimum demand for their building in order to get the necessary loans. The actual construction phase may take much longer than expected, and the final result may not look quite the same as the plans, but if you're willing to take the risk it can be a worthwhile investment.
Harbour Plaza residences, to be located at 90 Harbour Street, will have direct access to the Toronto PATH, and will stand tall between the Air Canada Centre and the harbour, with less than five minutes of walking required to reach either one. Mere blocks from the CN Tower, the Rogers Centre, and Union Station, Harbour Plaza will certainly be among the best of Toronto condos. Other developments by the same company, Menkes, have won a total of eleven BOMA (Building Owners and Managers Association) awards in 2012 alone for environmental standards and building and management excellence. Other condominiums coming soon from Menkes include Noir at 87 Peter Street, Fabrik at 431 Richmond Street West, and 365 Church, at the corner of Church Street and Carlton.
To be located a mere two blocks away from the Eaton Centre and the TTC Queen Station subway platform, a short walk down Victoria Street from Ryerson University, and just off The PATH, 25 Richmond Street East by Great Gulf Homes is about as convenient as you can get. With all of downtown Toronto's offerings right at your fingertips, not to mention skating at Nathan Phillips Square just 500m away, this community promises to make the risk of buying pre-construction condos in Toronto completely worthwhile. Other projects from Great Gulf include One Bloor at the corner of Bloor and Yonge, and X2 located at 101 Charles Street East.
These are by no means the only available options for pre-construction condos in Toronto, nor the only developers creating them. This article only offers a small sample of what is available; If the idea suits you, the next step is research. Look at the available projects: What amenities are nearby or to be included? Are the developers' previous projects in high demand and of high quality? Were they completed according to plan, in terms of schedule and design? What are the opinions of current tenants who purchased pre-construction? If you like the answers to these questions and you're willing to take the chance, you may just find your perfect home -- pre-construction.
Make your best move into a downtown Toronto condo: call professional Toronto real estate agent / broker Bonny Greene at (416) 302-8231!