Pre-Construction Condos For Sale in Richmond City Centre
About Richmond City Centre's Pre-Construction Condos For Sale
Welcome to Richmond City Centre, a neighbourhood in the city of Richmond with 2 Pre-Construction buildings with condos for sale. The average sale price for Pre-Construction condo units in Richmond City Centre in 2020 was $806,725 with an average of 77 days on the market. There were 4 Pre-Construction condo units sold in Richmond City Centre last year. The Pre-Construction condo building with the highest Dork Rating in Richmond City Centre is Concord Gardens Park Estates II with a rating of 1858 in 2020.
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.
The most active Pre-Construction condo building in Richmond City Centre in 2020 was Concord Gardens Park Estates II with 4 units sold. Concord Gardens Park Estates II had the highest average price per sqft in 2020 for Pre-Construction condo buildings in Richmond City Centre with an average price per sqft of $997.
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 Golden Village and Capstan Village nearby which have Pre-Construction condo buildings. This neighbourhood is Somewhat Walkable with a walk score of 67. Excellent Transit is available in Richmond City Centre. This neighbourhood is Very Bikeable with a bike score of 73.
Richmond City Centre Condos For Sale
Established as one of Richmond's condo hubs, Richmond City Centre, has a total of 323 condo buildings. There is a fantastic mix of modern high-rise condos and funky lofts, there are 219 Low-Rise, 48 Mid-Rise, 55 High-Rise, 10 Luxury, and 2 Pre-Construction in Richmond City Centre. With so many buildings to choose from in Richmond, there are unsurprisingly many condos for sale in Richmond City Centre. The average days on market for condos for sale in Richmond City Centre is 64 days. There were 1694 condos sold in Richmond City Centre in 2020. Richmond City Centre saw an increase in the number of condos sold by 49% compared to the year before. Condos for sale in Richmond City Centre had an average sale price of $$695,304 last year, an decrease of -5% from the prior year. Richmond City Centre is Somewhat Walkable with a walk score of 67. This neighbourhood is Very Bikeable with a bike score of 73. Excellent Transit is available in Richmond City Centre. Aberdeen Village and Golden Village are nearby neighbourhoods.
Patisserie Corner and Kam Do Bakery are great bakeries in Richmond City Centre. Coffee shop lovers will appreciate local cafe's like Fresh Press Coffee Bar and Faebrew. There is cuisine from all over the world available at T&T Supermarket and Lansdowne. Locals of Richmond City Centre love dining at Dinesty Dumpling House, Tsukiji Japanese Restaurant and Matsuyama Japanese Restaurant. You can spend the afternoon enjoying the outdoors at parks in Richmond City Centre like Aberdeen Neighborhood Park and Aberdeen Park. Medisave Pharmacy is a conveniently located pharmacy in Richmond City Centre. Garden City Plaza is a shopping center in Richmond City Centre that has something for everyone. There are always new exhibits and events happening at Awen Art Gallery and Gosby Trading Ltd/Gosby Auction. If your condo building does not have it's own fitness center, locals of Richmond City Centre work out at Plus One Fitness Club and 30 Minute Hit. Take your pets to Adorable Pet Services Ltd. Schools in Richmond City Centre include Henry Anderson, General Currie and Richmond. There are many students in this neighbourhood as Capital College is located within it. The closest subway station is Lansdowne.
