Pre-Construction Condos For Sale in Nortown
About Nortown's Pre-Construction Condos For Sale
This is Nortown, a neighbourhood in the city of Toronto with 2 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 Ledbury Park and Armour Heights nearby which have Pre-Construction condo buildings. Nortown is Very Walkable with a walk score of 80. This neighbourhood is Bikeable with a bike score of 59. Good Transit is available in Nortown.
Nortown Condos For Sale
The lively condo neighbourhood of Nortown in Toronto has many great buildings to choose from with a total of 8 condo buildings. There is a fantastic mix of modern high-rise condos and funky lofts, there are 5 Mid-Rise, 2 Pre-Construction, 2 Low-Rise, 1 Luxury, and 1 High-Rise in Nortown. There are limitless selections of condos for sale in Nortown to call home. The average days on market for condos for sale in Nortown is 25 days. Nortown had 26 condos sold within it in 2020, an increase of 18% compared to the year before. Condos for sale in Nortown had an average sale price of $$1,074,188 last year, an decrease of -4% from the prior year. Nortown is Very Walkable with a walk score of 80. This neighbourhood is Bikeable with a bike score of 59. Good Transit is available in Nortown. You can find the neighbourhoods of Ledbury Park and Bedford Park nearby.
Nortown has many popular bakeries including The Bagel House and The Rolling Pin. There are some great cafes in Nortown such as Cafe Landwer and La Bamboche. Locals recommend eating at PADELLA - ITALIAN EATERY in Nortown - they have great food! There is a surprising amount of green space with Old Orchard Park in Nortown. You can find pharmacies Murray Shore Pharmacy and Shoppers Drug Mart within walking distance. Sparaco Contemporary Art Gallery is a shopping center in Nortown that has something for everyone. Nortown has many local events taking place with Sheldon Rose Gallery, Frame of Mind Gallery and NOVA IMPERIALIS catering to the arts scene. If you're a health and fitness fanatic, hopefully you are living in a condo building with a great gym. If not Mister Knuckles Gym - Magua Taekwon-Do School and Mister Knuckles Gym are popular fitness centers with locals. Schools in Nortown include St Margaret Catholic School, Loretto Abbey and Ledbury Park Elementary and Middle School. There are many students in this neighbourhood as Montessori Teachers College is located within it.
