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THE BEST OPTIONS FOR INVESTING IN PRE-CONSTRUCTION CONDOS IN TORONTO
In this fast-paced market spotting the right pre-construction condo in Toronto can be tough. There are always a number of new condos in Toronto being built. There are also a number of factors to consider from builder reputation to location and most obviously, Toronto pre-construction condo prices!
I’m constantly scouring the Toronto market for investing in pre-construction condos in Toronto for my clients. In 2021, my investors realized equity gains of 8% to 28% on their 2018 Toronto pre-construction condo investments. See my client returns for yourself here. If you’re looking for a great ROI on your Toronto condo investment we should absolutely talk. Book a call with me here and mention you’d like to know what projects I’m recommending to my investors and what Platinum launches are coming out this year that you should know about. I’d be happy to help.
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Here are my picks for the best pre-construction condo investment in Toronto:
990 Bloor St, Toronto
Neighbourhood: Dovencourt Park, Toronto
Pre-Construction Condo Launch Date: TBD
Motto Condos is a great opportunity to be part of a west-end stretch of Toronto’s downtown that’s seeing some dynamic transformations right now.
This particular pocket – known as Dovercourt Park – is an excellent spot, home to shops, cafes and community resources that are popular with young professionals and growing families. This new condo project is a sophisticated midrise set to both complement and enhance its existing neighbourhood.
Motto Condos is conveniently located between Ossington and Dufferin stations at Bloor and Dovercourt while capturing the city’s authentic urban atmosphere. Imagine being able to walk out your door and be completely connected to the rest of Toronto via the metro! Featuring architecture by Diamond Schmitt, the plans for this building show a three-storey podium with a tasteful, brick-accented façade that reflects its surrounding streetscape. Above, a nine-story residential element with a more contemporary feel and a series of terraces is planned. 102 dwelling units are proposed, with a mix including 18 bachelor units, 56 one-bedroom and 28 two-bedroom layouts.
With a 88 out of 100 on its Walk and 91/100 on its Transit Scores, it’s a lively, walkable location where almost everything you need is at your fingertips. The Ossington subway station is just steps away and a network of surface transit routes makes it easy to navigate the city.
121 George St, Toronto
Neighbourhood: Downtown, Toronto
Pre-Construction Condo Launch Date: March 2022
Celeste is on the top of our list of pre-construction projects launching this year in Downtown Toronto. As land supply in Toronto’s Downtown core becomes tighter and tighter we’ve watched as builders have turned much of their attention to the GTA. But, in real estate location is still King. While you’ll be paying a premium for the location, with all of the constraints on new Downtown inventory this project is absolutely worth it.
Celeste is a new mixed-use high-rise modern condo development in Toronto. This 40-storey tower pre-construction condo with 516 residential units by DiamondCorp and Alterra is located at 125 George St, on the southeast corner of Richmond Street East and George Street.
This condo development will incorporate studio to three-bedroom units. This tower will also be a great place for students to reside as George Brown College is just steps away from this condominium.
A perfect Transit Score indicates that residents of Celeste Condos will be just mere steps away from world-class transportation options to help them commute throughout the downtown core and travel throughout the city quickly and efficiently.
Four different TTC streetcar routes conveniently run just a short walk away from home, three different TTC bus routes also run nearby, and Queen subway is also located within walking distance. The newly proposed Ontario Line subway will also run nearby.
Register now for this pre-construction Toronto condo launching in 2022
The Groove Urban
129 Vaughn Rd., York
Neighbourhood: Humewood/Hillcrest Village
Pre-Construction Condo Launch Date: 2021
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When it comes to Toronto pre-construction condos I love a good boutique building. Less inventory typically means more unique units and less competition on the rental and re-sale market. This project also happens to land in a neighbourhood with very few condos, lots of parks and neighbouring Forest Hill. Prices also tend to favour properties on Transit Lines and The Groove is only a 5-minute walk to St. Clair W Subway Station!
A special kind of vibe. It’s on the streets, in the parks, around the corner and infused into every single nook & cranny you walk by. Soulful, hip and moving at a steady beat, inspiring the rhythm of your life. Get into Groove Urban Condominiums, a modern lifestyle expression celebrating its own unique grooves in a stylish 15-storey building with 152 suites and amenities that turn up the volume of life. The neighbourhood is vibrant and eclectic. A lively up-and-coming destination neatly tucked in along Vaughan Road just off of bustling Bathurst St and St. Clair Ave West. Closely connected to St. Clair West Village, Wychwood, and Forest Hill, so whatever rocks your world – it’s right there.
Lush and lively, your backyard includes the gorgeous Cedarvale Ravine & Park with scenic trails to hike, bike and explore. The popular Artscape Wychwood Barns host artist spaces, an event hall, and a greenhouse for growing local organic food. Celebrated as a truly authentic, close-knit community, you’ll find everything you’re looking for in flavour and flair from local gems, tiny bakeries and famous Dutch ice cream to chic clothing boutiques, funky bars, and unique restaurants. It’s groovy, urban, and a way of life that’s in perfect harmony.