What to look for when investing in a Pre-construction condo

With the vast amount of different pre-construction investment opportunities available in Toronto, we always recommend people speak with a reputable and knowledgeable real estate sales professional before making one of the biggest financial decisions of your life.

We realize the importance of having the right information in order to make the right choice when it comes to finding your ideal home or perfect investment property, and having the right investment advice by a trusted and qualified Real estate sales professional is key. to know where to put your money to get the best returns. Luckily, with a real estate investment specialist at your side, whether you are a first-time buyer or a seasoned investor, you’ll have access to the information you need to get going.

1. Choose Your Neighborhood

Look for a pre-construction condo in a desirable neighborhood, one that is gaining in popularity but not yet saturated with condos. To identify the right area, look at proximity to parks, community centers, public transport, restaurants, and local businesses. You will also want to look at neighborhood trends to predict future profitability.

2. Choose Your Building

Finding the right pre-construction development is key. It should be headed by a developer with a well-established reputation as this is a critical factor in evaluating the likely success of a project. Also, check the average price per square foot and compare it to the current market value.

3. Decide When to Sell

In some cases, it makes sense to sell on assignment, and other times you may choose to close and sell or hold and rent. This will require a thorough analysis of the market, looking at each of the three scenarios and your specific situation.

4. Work with an Established Real Estate Wealth Specialist

Making good real estate investment decisions to grow your wealth is straightforward when you work with an experienced specialist. Nikki Hessami has been helping clients for over three years, partnering with them to build wealth through strategic investments in the Toronto property market. She has the inside track on the latest developments, and knows the industry inside and out.

With her solid financial background and strong reputation, Nikki will give you projections and forecasts on your investment returns. She will also help you narrow down the right neighborhood, and evaluate the best developments on the market.

And, when you’re making decisions on whether to sell, when to sell, or if you should hold and rent, she’ll do a thorough analysis of all the factors.

If you want to make money with pre-construction investing in Toronto, you need to make good decisions at each step of the journey. Don’t rush into a purchase that you may come to regret, rather work with a partner who has your best interests at heart and will guide you to make make strategic wealth-creating decisions.

Why invest in a pre-construction condo?

It’s 2021, a brand-new year and the ideal time to make some important decisions. Investing in property, particularly a pre-construction condo, is one of those decisions that will have a far-reaching impact on your long-term financial goals as it can unlock exciting growth opportunities. So much so, in fact, that when you start looking at the benefits of a pre-construction condo, it just keeps getting better and better.

Here’s what you need to know…

With a pre-construction condo investment, you get:

Investment growth opportunities

A pre-construction condo is an ideal way to leverage your finances, access property growth, and build sustainable long-term wealth. With pressure on Toronto’s property market from Green Belt Legislation that limits the number of areas available for building in the city, there will be continuing demand for properties in the years to come. According to Statistics Canada, there are over 125,00 people that move into the GTA every year, and they all need somewhere to stay.

As a long-term strategic investment, a pre-construction condo can yield high returns. If you compare the costs of buying an existing condo vs a pre-construction one, you’ll find that the pricing is more competitive and there is also the added benefit of next-to-no maintenance costs once it’s built.

Your choice of area

With a pre-construction condo, you can buy a property in an up-and-coming area to maximize your returns. It could be that a subway station is being built in your area, or a new park or a new transit route. All of this will add to your property’s value, make it easier to find tenants and when the time comes to sell, you won’t have any trouble finding a willing buyer willing to pay a premium.

A brand-new property!

If you’ve never owned a brand-new property, this could be your chance. While you can easily rent your condo once it’s built, there’s nothing like the feeling of owning a property hasn’t been lived in by anyone else before.

With a pre-construction condo, you can add your own unique style to the property. This might mean top of the range finishes, a unique color palette or a neutral set-up to entice prospective tenants, so your home is exactly as you want it, no need to re-decorate or renovate.

How do you get the best deal?

While you need to run the numbers yourself, an experienced real estate wealth strategist with a proven track record is worth their weight in gold. Nikki has an extensive network and resources, so she can help you find and compare projects, and will make personalized recommendations based on your needs and preferences.

Toronto’s best pre-construction condos for investments in these current market conditions.

Toronto’s property market has never looked better. Rock bottom interest rates, developer incentives and a positive future outlook for the industry have attracted attention both locally and internationally. Investors are looking to capitalize on exciting investment opportunities in the city and you have the chance to do the same.

Now is the ideal time to purchase pre-construction condos for investments while there are still options with market-beating growth potential available.

Here are the top 4 reasons to buy a pre-construction condo in these current market conditions:

A great, limited-time investment window

In Toronto, the real estate market continues to show strong growth, far outpacing other city centers around the world. But with these current statistics and future growth projections comes a more competitive market and fewer opportunities to purchase pre-construction condos for investments. Now is the time to step up to the plate and buy, rather than waiting for condos to become outpriced or risk missing out on the incentives that condo developers are currently offering.

Looking to the future

Property prices are set to continue to surge due to the low borrowing interest rates. Investors in particularly are looking to capitalize on the news that the Bank of Canada has opted not to increase the interest rate from the current 0.25%. Analysts project a healthy housing market, with growth in 2021 at 5.4% and 3.7% in 2022.

A diverse portfolio of pre-construction condos for investments

From Church-Yonge to Annex and Mount Pleasant West to Willowdale East, Nikki has a diverse portfolio of exciting investment opportunities for savvy buyers.
To view Nikki’s full portfolio, have a look here.

Your chance to get ahead

With strong growth forecast for the next few years and pent up demand from the last few months, now is the ideal time to get into the property market. If you’re ready to take the next step, start by looking at pre-construction condos for investments. And, if you need honest, unbiased advice, Nikki can help. Her years of experience in the industry and a personalized approach to matching buyers with properties will ensure that you find a pre-construction condo that perfectly aligns with your investment strategy.

Nikki is a well-established real estate wealth strategist in Toronto and has access to new pre-construction condos for investments as they come available, so you know that you’re getting the cream of the crop when it comes to investment opportunities.

Benefits of Living in a Condo in the Harbourfront

Walk Score: 89
Transit Score: 100
Bike Score: 86

The Harbourfront neighbourhood has something for everyone, some of the city’s best art galleries, easy access to lakeside jogging routes and water-based activities, spectacular views of Lake Ontario, near-limitless year-round entertainment, and a host of great dining and sightseeing options.

With so much to do, it’s no surprise that the Harbourfront is one of the fastest-growing areas in Toronto.

Here are the top four benefits of living in a condo in the Harbourfront:

1. The Harbourfront Centre

The Harbourfront Centre occupies a 10-acre site on the shore of Lake Ontario and offers the best in arts programming, events, and cultural food. The site hosts over 4,000 events every year, and it’s known for its restaurants, art galleries, gardens, walks, and community spaces. But it’s not just for the tourists; you’re just as likely to find residents enjoying the world-class cuisine or taking in an event – there’s something for everyone.

It’s also the starting point for exploring the area with regular ferries departing for the Toronto Islands, and it’s home to the Music Garden which was inspired by music written by the composer Bach.

2. Casual Dining and Drinks

Many of the neighbourhood’s dining options are concentrated in the Harbourfront Centre, and most offer amazing views of the lake. From authentic Italian coffee at Lavazza Espression, to Boxcar Social for after-work drinks and Lakeside Local Bar and Grill for casual dining, it’s no wonder that Harbourfront residents don’t ever feel the need to leave the neighbourhood. But, the Harbourfront’s central location in Toronto means that you’re just a short distance from fine dining restaurants in the downtown core, so you’re never short of options.

3. Views and Buildings

Living in the Harbourfront means views and lots of them! Tap into the energy of Miami when you own a condo in one of the buildings here as many have been designed to reflect the characteristics of Lake Ontario. Much careful thought and planning has gone into making the Harbourfront one of the most desirable places to live, and the breathtaking views and beautiful buildings make the most of this.

4. A Strong Community

The downtown Harbourfront neighbourhood stretches along the shore of Lake Ontario is a lively, bustling area with some of the city’s best condos. It also boasts a small-community atmosphere that is not often found in a neighbourhood dominated by condos. The area is quieter in the winter months when residents have the paths and gardens to themselves. Then, in the summer months, the Harbourfront comes to life as residents and visitors enjoy the best that this inner-city suburb has to offer.

5. Convenient Condo Living

The Harbourfront offers the best of condo-living. There are a number of older buildings that have the benefit of bigger floor plans that you won’t find elsewhere in the city. But there are also newer developments that offer the best in luxury fittings and finishes and state-of-the-art facilities.

With lots of green space, incomparable views of Lake Ontario, and access to the city’s top entertainment, culture and dining choices, the Harbourfront is one of the best places to live in Toronto. It’s a place you can happily call home with its wide-open green areas and sea views, yet with all the benefits of inner-city living.

The Harbourfront lifestyle is difficult to beat with recently added bike paths, the expansion of the 509 streetcar, access to the Martin Goodman Trail, ferries to Toronto Island, and much, much more.