WHY INVEST THE EGLINTON CONDOS

Transcription

1 WHY INVEST THE EGLINTON CONDOS By Mark Li Sales Representative Century 21 Leading Edge Realty Inc., Brokerage

2 The Eglinton Yonge At Heart

3 Yonge/Eglinton Area The Eglinton Condos is a new condo project at 161 Eglinton Avenue East in Toronto. Will be established by Menkes Developments Ltd. The Eglinton Condos genuinely is Yonge at heart. located at 161 Eglinton Avenue East in the prime midtown area referred to as Yonge and Eglinton, this elegant new condo happily takes up home in among the city s finest areas. Not only is the area one of the best places to live in the city, it is fast becoming a major economic hub in the city. From an employment standpoint, it is ranked as the second largest and fastest growing employment centre in Toronto.

4 Metrolinx has identified Yonge & Eglinton as a Place to Grow Mobility Hub As a major transit station area associated with an urban growth centre, it s an important Anchor Hub in the Greater Toronto & Hamilton Area (GTHA). Get around town quicker with the LRT When completed in 2020, the 19-kilometre Eglinton Crosstown light rail transit (LRT) will cut travel time significantly and conveniently link to 54 local bus routes, three TTC interchange subway stations and GO Transit. The closest LRT station to The Eglinton is Mount Pleasant, located a 2-minute walk away at the corner of Mount Pleasant and Eglinton. Residents will be able to get to Yonge-Dundas Square and the Eaton Centre in just 20 minutes, downtown to Union Station in 24 minutes, and to Pearson International Airport in as little as 45 minutes.

5 2 Ways To Make Profit From Condo Investment Buy Under The Market Value Rent It for Positive Cash Flow If a new condo meet the above two elements, it will be a good investment opportunity

6 The Yonge Eglinton Condos & Resell Condos

7 The Eglinton Condo compare to Resell Price $ Price Per Sq.Ft $ $ $ $ $ $ Source From:Condos.ca,

8 The Yonge Eglinton Condos Near By New Condos

9 The Eglinton Condo Compare to Nearby New condos $782 $721 $702 $665 $621 $619 $618 $577 Soure From:TREB

10 Investment Poential $680 $660 $640 $620 $600 $580 $560 $540 $520 PRICE PER SQ.FT Resell New Condos The Eglinton Near by resell average price:$615 Per Sq.ft Near by New condos average price: $675Per Sq.ft THE EGLINTON CONDOS: Only average $577Per Sq.ft Source from:condos.ca and Treb

11 Future Price Increase Price Per Sq.Ft $615 $640 $665 $691 $719 $ % increas a year, the Price Per Sq.Ft in next 5 years NOT A GUARANTEE OF FUTURE RESULT

12 The Eglinton Condos Return Rate A 500 Sq.ft Unit,$577 per sq.ft.,purchase price $288,500, Downpayment 20% $57,700 4%increase a year,5 years late,$748 per sq.ft, increased $85,500 5 years return rate is 148% NOT A GUARANTEE OF FUTURE RESULT

13 Rent with Positive Cash Flow 2014 Nearby Average Rent Price: 1 Bedroom(No Parking): $ Bedroom+Den(NO Parking): $ Bedroom(1 Parking): $ 2750

14 EXAMPLE Facing South, Unit#01,Lower Tower,510 Sq.ft Selling Price $288,990; Rent $1650 DOWN PAYMENT 20% AMOUNT FIANCED 80% MONTHLY PAYMENT PROPERTY TAX MAINTAINCE FEE TOTAL MONTHLY COST MONTHLY RENT 1650 MONTHLY CASH FLOW MONTHY PRINCIPAL PAID MONTHLY PROFIT TOTAL FIRST YEAR PROFIT FIRST YEAR RETURN 12.06% * For Reference Only

15 CALL NOW TO RECEIVED VIP INCENTIVES Mark Li Sales Representative Century 21 Leading Edge Realty Inc., Brokerage #1 Firm in Canada Direct Line: Main Street North Markham, ON L3P 1Y2 Bus: Fax: