How To Make A Million Dollars In Real Estate
Value Proposition For The Luxury Market
Quality over Quantity. It is a statement that I emphasize to my clients when discussing how to invest. The luxury market is strong and over time will always increase.
I like attractive, high-end condos and I love great value. The most important message I have for you is that it’s not expensive to buy luxury anymore. If you compare the current market rates, you will see that many ‘regular’ condos are selling for over $800/ft. Luxury condos are selling for $900/ft. The price gap is only $100 difference! Many units are selling for over $800/ft at ‘regular’ buildings like 8 Mercer, Peter Street condos, Charlie condos and King-Charlotte condos.
My recommendation – Spend a little bit more and you are in the luxury market at $900/ft. If you have the capital, it is better to invest in a higher-end product for long-term growth. High floor units in luxury condos are fetching $1200 or more. I believe this is only the beginning for this segment of the market and I predict very strong price growth over the next several years.
Real Estate Predictions For 2018
Prices and figures do not form part of any agreement of purchase and sale.*
View Active Listings – Luxury Condos
(Click below – log in may be required)
Three Bedroom Townhomes from $2 mil
AYC Condos is a residential building by Diamond Corp and Metropia, known for 5 St Joseph and E Condos. This building is over 80% sold and the developer has recently released a limited number of townhouses, known as the terrace collection. The model featured above includes underground parking and a private rooftop terrace. We see excellent long-term value for these townhomes. The location is nestled between Yorkville and the Annex, two of the most desired neighbourhoods to live in Toronto.
Two Bedroom 1,903 sq ft – from $1.6 mil
346 Davenport is a boutique residence by Freed Developments. It is situated between the Annex and Yorkville neighbourhoods. Featured above is a two bedroom plus den floorplan with South East exposure. This place gives new meaning to the phrase “open concept”. It extends to a spacious private terrace with enough room for a large dinner group.
One + Den 652 sq ft – $529k
377 Madison, also known as South Hill on Madison, is a superb residence near Casa Loma. We have access to assignments that are much cheaper than public market prices. Select sizes and layouts are available from $320-530k.
Send me more info:
Toronto Condo Map by Yossi Kaplan