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Location of the condo building can affect the return on your investment and how easy it is to access amenities. So it is one of the key things to consider when buying your pre-construction condo.
Here are some of the best neighbourhoods in the Greater Toronto area to invest in a pre-construction property
1. Regent Park. The Regent Park Revitalization Plan has been transforming the neighbourhood since 2005. This 69 acre neighbourhood is quickly becoming an attractive mix of townhouses, high and low-rise apartment buildings, and condominiums. There’s a newly built aquatic centre, great parks, a large athletic field and a cultural centre.
The Regent Park condominiums going up are a great reflection of this dynamic neighbourhood with a host of amenities geared to both singles and families.
There are a few pre-construction building projects coming up that will give new residents a modern lifestyle like:
- DuEast
- Artworks Tower
- River & Fifth
2. Oakville is another neighbourhood I’d highly recommend. Oakville is an affluent community with an average household income of $188,000. There are 27 public elementary schools and 12 secondary schools to choose from. Transportation will be the least of your problems in Oakville. There are multiple GO Transit stations throughout the community. Getting anywhere in the GTA is easy with the QEW, the 403 and 407 running right through Oakville. Shopping won’t be a problem either since there are an abundance of stores and restaurants here. Lots of cultural and outdoor activities mean you won’t be bored in Oakville.
Do you know that Oakville also had a home appreciation rate of 5% over the last year? If you’re thinking about long term investment, imagine what your return on investment could be? Hurry and get in this market as quickly as you can! Choose your floor plan, unit location, parking spots and even get some early-purchasing incentives. The Oakes are a great example of the high quality of pre-construction projects being built in Oakville.
3. Etobicoke. One of the things that makes Etobicoke investment worthy is the amount of new developments coming up. Etobicoke is a well-rounded area overflowing with opportunities from schools to transportation options and restaurants.
The Lakeshore and other areas of Etobicoke provide panoramic views of Toronto and Lake Ontario, with access to paved running/bike trails and easily accessible parks. Do you know that waterfront properties are always in high demand, regardless of where they are located? This is especially true for new condo units that have been constructed along Etobicoke waterfront.
A plus for investing in Etobicoke is the affordable pricing. Whether you’re looking for an affordable living space or you’re a savvy investor looking for an excellent investment opportunity with more affordable pricing than the Toronto market, Etobicoke is one of the best ways to enter the market. You can look into 4Hundred East Mall as an example to see for yourself.
Many neighbourhoods are good when it comes to pre-construction but if you want to maximize your investment then choosing the right location is very important. As you think of investing in pre-construction, look at these locations for opportunities.
You will need an agent who’s well-rounded in these areas and will represent your best interests.
If you are considering purchasing a pre-construction condo, I can help you. Call me at 647-834-9928 or email at [email protected] or visit one of our latest pre-construction projects on our webpage.