Pre-Construction Condos For Sale in Greektown
About Greektown's Pre-Construction Condos For Sale
Welcome to Greektown, a neighbourhood in the city of Toronto with 2 Pre-Construction buildings with condos for sale. There were 1 Pre-Construction condo units sold in Greektown in 2020 when the average sale price for Pre-Construction condos in Greektown was $8,000,000. In 2020 Pre-Construction condo units for sale in Greektown had an average of 1 days on market.
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 Greektown in 2020 was THEO with 1 units sold.
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 The Pocket and Broadview North nearby which have Pre-Construction condo buildings. This neighbourhood is Very Bikeable with a bike score of 78. a Rider's Paradise is available in Greektown. Greektown is Very Walkable with a walk score of 89.
Greektown Condos For Sale
The calmer condo neighbourhood of Greektown in Toronto has great buildings to choose from with a total of 4 condo buildings. These are comprised of 2 Mid-Rise, 2 Low-Rise, 1 Loft and 2 Pre-Construction. With a smaller number of buildings to choose from in Greektown, there are less condos for sale in Greektown. Condos for sale in Greektown spend an average of 137 days on market. Greektown had 4 condos sold within it in 2020, an increase of 33% compared to the year before. Condos for sale in Greektown had an average sale price of $2,742,425 last year, an increase of 185% from the prior year. This neighbourhood is Very Walkable with a walk score of 89. a Rider's Paradise is available in Greektown. This neighbourhood is Very Bikeable with a bike score of 78. Pape Village and The Pocket are nearby neighbourhoods.
Greektown has many popular bakeries including Indo Canada Bakery and Akropolis Pastries & Pies. Coffee shop lovers will appreciate local cafe's like Douce France, Bread & Roses Bakery Cafe on Danforth, and Tsaa Tea Shop. There is cuisine from all over the world available at Masellis Supermarket. Locals of Greektown love dining at Danforth Pizza House. There is a surprising amount of green space with Danforth-Pape Toastmasters, Logan Green Field, and Aldwych Park in Greektown. Greektown Drug Basics Pharmacy and Main Drug Mart are a short walk away as well. Many gyms and fitness centers are popular with residents of Greektown. Some of these facilities are Gemstones&Co and Toronto Physiotherapy in Greektown. Jackman Avenue Junior Public School is a nearby schools for children living in Greektown. There are many students in this neighbourhood as Centennial College Theatre Arts and Performance is located within it. The closest subway station is Pape.
