Welcome to Downtown Hamilton, a neighbourhood in the city of Hamilton with 12 Pre-Construction buildings with condos for sale.
A very special portion of the real estate market exists in the area of development, or Pre-Construction, condos. These are units that are purchased based on the projected plans for a building that is not yet built. A buyer may visit a temporary showroom, located near to the proposed location of the building to see models and floor plans of the various units the seller hopes to construct, or simply receive a package with this information electronically. Purchasing at this stage allows the buyer to have greater control in the outcome of their unit. They can make a different type of investment and purchase at a lower price per square foot than what is typically available post-construction. If you want to be able to choose your floors, finishes and appliances, at less than the cost to purchase someone else's choices from the past, Pre-Construction condos for sale might appeal to you. It's not often that you have so many design choices when looking to purchase a home. There will be a number of layouts, options for total square footage, number of bedrooms and location within the building to choose from. Usually, this type of customization will require a second investment in renovations, as well as the purchase price of your home.
When taking the leap on a Pre-Construction condo for sale, you'll be given a list of options that you'll be able to customize. Everything in the home will be brand new and they will likely be under warranty. Keep in mind that the developer is speculating on what they believe the final outcomes will be for the unit and building, they require some flexibility, not everything can be fixed into even the best agreements. This can make a good case for looking at the past projects of the developer. How close to their projected dates did they come? Do they have a history of big surprise closing costs or a history of great relationships with their buyers? How have their projects held up over time as places people want to live and as investments. This type of home purchase, more than others, requires a long term deal with your developer. You'll want a long term relationship that is mutually beneficial. Purchasing a unit in a building prior to the work beginning can have some tremendous benefits. It also requires deeper knowledge to arrange this type of purchase. A Real Estate Professional who specializes in development or Pre-Construction condos for sale may be helpful for protecting your investment. The money spent on a qualified agent may be easily recuperated with the thorough shaping of your agreement. You'll want to understand how the Pre-Construction payments are going to be structured and where you'll be spending versus saving. In an already finished home, it's easy to see how your money is being spent. With a Pre-Construction condo, being well informed will be a must.
You can find the neighbourhoods of Central Hamilton and Beasley nearby which have Pre-Construction condo buildings. Downtown Hamilton is Very Walkable with a walk score of 86. This neighbourhood is a Biker's Paradise with a bike score of 90. Excellent Transit is available in Downtown Hamilton.
Living in Downtown Hamilton gives you access to everything Hamilton has to offer. With a total of 53 condo buildings, everything your heart desires is available. Condo development in this neighbourhood has been booming with 17 Mid-Rise, 12 Pre-Construction, 16 High-Rise, 5 Loft, 20 Low-Rise and 1 Luxury in Downtown Hamilton. The condos for sale in Downtown Hamilton include outstanding amenities. Condos for sale in Downtown Hamilton spend an average of 29 days on market. There were 347 condos sold in Downtown Hamilton in 2020. Downtown Hamilton saw an increase in the number of condos sold by 251% compared to the year before. Condos for sale in Downtown Hamilton had an average sale price of $$486,069 last year, an decrease of -1% from the prior year. This neighbourhood is a Biker's Paradise with a bike score of 90. Excellent Transit is available in Downtown Hamilton. Downtown Hamilton is Very Walkable with a walk score of 86. You can find the neighbourhoods of Central Hamilton and Beasley nearby.
Grab some fresh goodies at nearby bakeries Coffee and doughnuts and Lina's European Pastries. A fresh cup of java or tea is never hard to find with Steeltown Garage Co. in the hood. Do you enjoy being in the kitchen? Pick up groceries at Hung Cheung Trading Co, Rama Tropical Food, and Taj Mahal Supermarket. Locals recommend eating at Latin Food & Products and The Hamilton Club in Downtown Hamilton - they have great food! Do you love to be outside? John Rebecca Park is a great park in Downtown Hamilton. Downtown Hamilton I.D.A. - City Centre Pharmacy and Cannon Pharmacy are a short walk away as well. Hamilton City Centre is a shopping center in Downtown Hamilton that has something for everyone. There are a number of museums and art galleries in Hamilton including La Galleria Canada and DeMontigny Boutique | Gallery. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Crunch Fitness - Hamilton Downtown is a super popular fitness center with locals. Animal enthusiasts, good news Pet Valu is in Downtown Hamilton. The school in Downtown Hamilton is Hess Street Junior Public School. There are many students in this neighbourhood as McMaster University - Program for Faculty Development is located within it. Downtown Hamilton has a very accesible train station West Harbour GO.