Pre-Construction

What is it?

Pre-construction investing is the purchasing of, usually a condo, before a shovel breaks ground.

Benefits

  • Passive investment
  • Appreciation in value while the building is being constructed
  • Buying at current value for future return
  • Deposits are paid out in increments

Considerations

  • Funds are tied up for about 4 years
  • Buying from a floorplan - not being able to touch, see and smell a unit
  • Typical cost of entry: $100,000

1. CHARISMA

Charisma is the newest development by Greenpark, Canada’s most reputable and recognized developers celebrating over 50 years in the industry and over 55,000 residential units sold.

This project is ideally located in the heart of the city of Vaughan’s new downtown core. Just steps to the new TTC Subway Station and minutes from Highway 400, makes this an easily accessible urban oasis. Situated immediately adjacent to Vaughan Mills, a shopping centre with over 200 retailers, and a short distance to Canada’s Wonderland, Charisma Condos is the perfect playground for individuals and families alike.

Dedicated to enhancing condominium living, this project will feature two towers with spacious suites and countless lifestyle amenities alongside a 1.6 acre public park.

Highlights

  • Short walk to the new TTC Vaughan Subway station
  • Steps to Vaughan Mills
  • Developed by Greenpark
  • Adjacent to 1.6 acre park
  • Amenities include: Bocce Court & Lounge, Outdoor Pool, Fitness Centre, Yoga Studio, Billiards Room, Garden Terrace, Theatre Room, Serenity Lounge, Games Rooms, Family Dining, and Pet Grooming Room

Incentives

  • Exceptional deposit structure:
    • 5000 on Signing
    • Balance of 5% in 30 Days
    • 18 monthly installments
  • $5,000 free upgrade package
  • Parking included
  • 1 year free Tenant Placement
  • Lease during occupancy
  • $500 assignment
  • Capped development charges and levies at $1,000 for one bedroom/one bedroom plus den and $5,000 for two bedroom and larger

2. EXPRESS CONDOS

Located just steps away from the Wilson Subway Station on the Yonge-University line, and a short drive to major highways, Express Condos is centrally located, giving you express access to Downtown Toronto, Yorkdale Mall and York University.

This building, developed by Malibu Investment’s, represents the next stage of expansion in the area and will comprise of 16 floors and 265 suites. With the wave of development that is sweeping through the North York-Yorkdale neighbourhood, along with a $3.18 billion investment from all levels of Government, this opportunity is great for investors and end user alike, looking to buy into a high growth area.

Highlights

  • Completion date: August 2021
  • 3 minute walk to Wilson Subway Station
  • Close access to Highway 401 and Allen Road
  • Transit score of 94/100
  • Amenities include: 24 hour concierge, fitness studio, pet spa, courtyard with BBQ’s, terrace with mist zone

Incentives

  • Deferred deposit structure:
    • $5,000 on signing
    • Balance of 5% due in 30 days
    • 5% due in 300 days
    • 5% due in 450 days
  • 1 year free property management
  • Free assignment
  • Lease during occupancy
  • Capped development charges and levies at $6,900

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