Pre-Construction Condos For Sale in Downtown South
About Downtown South's Pre-Construction Condos For Sale
Welcome to Downtown South, a neighbourhood in the city of Vancouver with 5 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.
If you're looking for more Pre-Construction condo buildings in this area, the neighbourhoods Yaletown and Davie Village are nearby. Downtown South is a Walker's Paradise with a walk score of 97. This neighbourhood is Very Bikeable with a bike score of 70. a Rider's Paradise is available in Downtown South.
Downtown South Condos For Sale
Located in Vancouver, Downtown South is home to some of the city's coolest condos. This neighbourhood has attracted all kinds of developments, 58 condo buildings to be exact, to its exciting streets. There is a fantastic mix of modern high-rise condos and funky lofts, there are 41 High-Rise, 5 Pre-Construction, 12 Mid-Rise, 5 Low-Rise, 4 Loft and 21 Luxury in Downtown South. There are limitless selections of condos for sale in Downtown South to call home. Condos for sale in Downtown South are on the market for an average of 48 days. Downtown South had 777 condos sold within it in 2020, an increase of 178% compared to the year before. Last year condos for sale in Downtown South had an average sale price of $$953,909, an decrease of -1% from the year before. This neighbourhood is a Walker's Paradise with a walk score of 97. a Rider's Paradise is available in Downtown South. This neighbourhood is Very Bikeable with a bike score of 70. The neighbourhoods Yaletown and Davie Village are nearby.
Breka Bakery & Cafe (Davie) is a great bakery in Downtown South. There are some great cafes in Downtown South such as JJ Bean Coffee Roasters, Coo Coo Coffee, and Trees Organic Coffee Yaletown. Groceries are close-at-hand with supermarket Choices Markets in Downtown South. Locals recommend eating at The Templeton in Downtown South - they have great food! There is a surprising amount of green space with Park Plaza and Emery Barnes Park in Downtown South. Downtown South Seymour Pharmacy and Regency Prescriptions are a short walk away as well. Downtown South has many local events taking place with Time Frame Gallery and Wade Edwards Art Designs 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 Trainer Maxim - Personal and Group Training is a super popular fitness center with locals. Entertainment in Downtown South is easy to come by with The Cinematheque in the neighbourhood. Swim Lessons Vancouver is a nearby schools for children living in Downtown South. There are many students in this neighbourhood as Rhodes Wellness College is located within it.
