Pre-Construction Condos For Sale in South Annex
About South Annex's Pre-Construction Condos For Sale
This is South Annex, 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.
If you're looking for more Pre-Construction condo buildings in this area, the neighbourhoods Palmerston and Harbord Village are nearby. This neighbourhood is Very Walkable with a walk score of 85. a Rider's Paradise is available in South Annex. This neighbourhood is a Biker's Paradise with a bike score of 97.
South Annex Condos For Sale
Known as one of Toronto's condo hubs, South Annex, has a total of 9 condo buildings. There is a perfect fusion of modern high-rise condos and hip lofts, there are 4 Low-Rise, 2 Loft, 2 Mid-Rise, 1 Luxury, 2 High-Rise and 2 Pre-Construction in South Annex. Condos for sale in South Annex offer something for everyone. Condos for sale in South Annex are on the market for an average of 21 days. There were 57 condos sold in South Annex in 2020. South Annex saw an increase in the number of condos sold by 470% compared to the year before. Condos for sale in South Annex had an average sale price of $$793,108 last year, an decrease of -26% from the prior year. This neighbourhood is Very Walkable with a walk score of 85. a Rider's Paradise is available in South Annex. This neighbourhood is a Biker's Paradise with a bike score of 97. The neighbourhoods Palmerston and Harbord Village are nearby.
South Annex has many popular bakeries including OY's Joys, Almond Butterfly Cafe (Harbord), and Harbord Bakery. A fresh cup of java or tea is never hard to find with Bampot Bohemian House Of Tea And Board Games in the hood. Do you enjoy being in the kitchen? Pick up groceries at PAT Central and Metro. Whether you are looking for brunch, a quick snack or a quality dinner South Annex has plenty of options like ND Sushi & Grill and The Orbit Room. There is a surprising amount of green space with Camoes Square Toronto, Bickford Park, and Healey Willan Park in South Annex. Omni Pharmacy is a conveniently located pharmacy in South Annex. South Annex has many local events taking place with The Peach Gallery, Mark Christopher Gallery and Clay Design Group 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 The Rock Store is a super popular fitness center with locals. Take your pets to Bickford Park Animal Hospital. Schools in South Annex include Montrose Junior Public School and King Edward Junior and Senior Public School. There are many students in this neighbourhood as Mathematical Finance Program, University of Toronto is located within it.
