Real Estate

36 Zorra Condos - Etobicoke - preconstruction

  • Last Updated:
  • Sep 19th, 2019 8:52 pm
[OP]
Jr. Member
Apr 25, 2019
170 posts
184 upvotes
Ontario

36 Zorra Condos - Etobicoke - preconstruction

Received below email from my VIP agent for the pre-con. Is this a good location for investment ?


Incredible Extended Deposit Structure
5% in 30 days
5% in 60 days 180 days
2.5% in 90 days 365 days
2.5% in 180 days 548 days
2.5% in 365 days 730 days
2.5% on February 6, 2023
Prices from
Studio - $369,900
1 bedroom - $394,900
1 bedroom & den - $419,900
2 bedroom - $509,900
2 bedroom & den - $569,900
3 bedroom - $726,900
Ground floor two-level - $789,900
Extra Info
Occupancy - June 2023
$0.55-$0.59 / Sq Ft Maintenance Fee
6 replies
Jr. Member
Mar 29, 2016
141 posts
96 upvotes
Toronto
Only issue is the transit, you may need to have a car to go around in this area.
Deal Addict
Mar 20, 2017
1247 posts
1005 upvotes
Rehab centre just across the street would definitely make it not boring for you. And you never feel alone hearing all these cars on Gardiner. Great deal.
Existing resale units at 17 Zorra street for 1BR are starting from $434k(just 20k more) and I bet they have more space and not affected by noise and rehab centre at the same extent.

Considering that rent prices in that area are 20% lower than average, it gives you neutral cashflow at 20% downpayment at very best. Absolutely no advantage vs average condo in the city.
Newbie
Jun 6, 2018
91 posts
39 upvotes
Umm.. look up the Valhalla condos and eva road condos on the 427. They started in that price range and have shot up in resell price. Alot of gentrification going on in etobicoke.
The new condos are getting their higher resale prices because of the amenities in the building which makes them more desirable.
Deal Addict
User avatar
Nov 5, 2018
1607 posts
2448 upvotes
Toronto
I think this condo is very good value. I was on the fence between this and Linx, but chose Linx because of the multiple transit options...saves me from having to buy a parking spot at Zorra.
I do not need approval, I do not need friends. I do what I want.
Sr. Member
Nov 22, 2017
613 posts
355 upvotes
The rehab center is a physiotherapy i believe. Condos are located across the old strip mall where zellers used to be. Not a bad value. For transit the best option is walking to Kipling Avenue and then taking the bus to Kipling station, not very ideal but doable.

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