Highland Creek Village (Toronto, Ontario, CA - M1E 4C3) Under Construction

$319,900
ASSIGNMENT SALE

RE/MAX Realty Specialists Inc. Brokerage

Asha R. , Kamal K. , CPA Chhabra Asha R. , Kamal K. , CPA Chhabra 905-828-3434 (Office) 416-566-6872 (Cell) 905-828-2829 (Fax) Request More Info

  • MARKET PRICE $349,000
  • Type: Condominium
  • Style: Apartment
  • Bedrooms: 1 "ONE PLUS DEN"
  • Bathrooms: 1
  • Garage: "ONE PARKING UNDERGROUND"
  • Size: 594 sq. ft.
  • Development Level: Under Construction
  • Lot Type: Rectangular
  • Suite: Yes
  • Year Built: 2019 "TO BE BUILD"
  • Condo Fees: $0.49

Description

ONE PLUS DEN. 594 SQFT ON 18th FLOOR.
Location: 3070 Ellesmere Road
3 Year Guaranteed Rent ($1775.00/month)
Free Property Management For 3 Years
One Parking Spot
Fully Furnished (by builder)
Occupancy: 2017
Maintenance Fees: $0.49
Unit Size: 594 Sq Ft.


Estimated Market Price: $309,900
Paid-up: 20%
Assignment Sale

Assignment Fee
Price: $999.

UNIT BOOKED THROUGH THE BUILDER 2 YEARS BACK FOR $ 279,900.
20% IS ALREADY PAID.
SELLER IS ASSIGNING THIS TO THE NEW CUSTOMER FOR $75,000
NEW BUYER WILL BE TAKING MORTGAGE TO PAY THE BALANCE UPON CLOSING TO THE DEVELOPER..
MARKET PRICE IS EXPECTED TO GO QUIET UP BY THE TIME OF CLOSING.

3 min walk to University of Toronto Scarborough Campus
1 min walk to Centennial College
1 min walk to 417 Acre Morning-side park
6 min walk to 2015 Toronto Pan Am Games Sports Center
8 min walk to Centenary Plaza and Rouge Valley Centenary Hospital
2 min drive to HWY 401
3 min drive to Wal-Mart and Cineplex Cinema
8 min drive to Ontario Lake
23 min drive to downtown Toronto Yonge and Bloor

3 Year Leaseback
Free Hotel-Grade Furniture Package
Free Rental Management.

WATCH THE PRESENTATION VIDEO
https://www.youtube.com/watch?v=Zqfx4RNi26Q

The Brand New Academy Condos is coming soon. The project is going to be Walking Distance to the University of Toronto-Scarborough (3 minutes) and Centennial College (1 minute). It is the First Student Rental Investment Opportunity in Toronto. All units will be Fully Furnished and come with a 3 Year Rental Guarantee making this a turnkey investment. There will be a total of 339 units and 26 levels and it is expected to be completed in 2017. This project sold in 3 days as it is the first of its kind in Toronto.

Reasons To Purchase The Academy Condos:
LOCATION: The project is going to be located at 3070 Ellesmere Road next to the University of Toronto-Scarborough, Centennial College and down the street from Rouge Valley Centenary Hospital. The site is down the street from a $248 million Toronto Pan Am Sports Center opening soon

RENTAL DEMAND: The University of Toronto Scarborough is in the middle of a student accommodation shortage. There are currently over 12,000 students at the University of Toronto and 3,600 students at Centennial College. Off campus housing is going to be crucial as the university only has 765 beds (which are solely available for first year students). As of now students are going as far as Scarborough Town Center in order to find acceptable accommodation and then taking public transit to school.

RENTAL GUARANTEE:This units will come with a 3 Year Rental Guarantee. On top of this unit will be Fully Furnished. This means that this will be a truly turnkey investment where you do not have to worry about finding tenants or collecting rental income. GROWTH: Students are anticipated to grow by at least 400+ students per year which is only going to add to the already high rental demand in the area. The University of Toronto Scarborough has anticipated expansion in the 100s of millions of dollars which will add to the growth and demand in the area.

INTERNATIONAL STUDENTS: Currently there are over 1400 international students enrolled who are paying tuition of upwards of $30,000+ per year in additional to living expenses.

LOCAL AMENITIES: The University of Toronto Scarborough, Groceries, TTC, Toronto Pan Am Sports Centre, Rouge Valley Centenary Hospital and Morning-side National Park.
Brokered and Advertised by : CITYSCAPE REALESTATE
P2#197520121
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Information is deemed to be correct but not guaranteed.

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