Real Estate

Bridge Water community Vs. West Port Condos

  • Last Updated:
  • Sep 19th, 2020 1:10 pm
Deal Addict
Nov 23, 2003
1854 posts
388 upvotes
7thEye wrote: You think it’s a good deal? A buddy is buying two units tomorrow. I think it’s priced pretty high TBH
Of course it is priced high. Precons are risky imo now. Everything could recover and you might still make money but I am not sold. I want a freehold for next investment.
Member
Jan 5, 2020
492 posts
528 upvotes
Another crazy precon launch lol.

But I understand why prices of precons don't drop. Construction costs haven't gone down, if anything, it's gone up due to Covid.
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
the deposit structure is amazing though - best I have ever seen. I think it would be worthwhile grabbing 2-4 units and flipping them all before closing
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User avatar
Nov 5, 2018
1455 posts
2133 upvotes
Toronto
7thEye wrote: the deposit structure is amazing though - best I have ever seen. I think it would be worthwhile grabbing 2-4 units and flipping them all before closing
I disagree about the best ever seen. Many projects have this deposit structure because of COVID.
I do not need approval, I do not need friends. I do what I want.
Deal Addict
Mar 27, 2004
4541 posts
2178 upvotes
Toronto
Everyone thinks assignment they can make a killing on assignments. Maybe if they were condos bought 3 years ago. Not sure about today and assigning 3 years from now.
Full-time Realtor
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
its much better than Exchange District one I got into

here its only 5% and you can easily flip and double money next year
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
I am heading over to meet the builder right now as a few of us are getting the 1 + den and 2 bathrooms. If anyone wants in or has questions they wanted answered let me know. Project is expected to sellout on sept 16th immediately.
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
also just look at the scam run by Square one district condos by Daniels. Their deposit structure is deigned to scam dumb people into not seeing its 15% in year one.

This deposit structure is amazing
Deal Addict
Mar 27, 2004
4541 posts
2178 upvotes
Toronto
7thEye wrote: its much better than Exchange District one I got into

here its only 5% and you can easily flip and double money next year
LOL.. read the assignment clauses. Its not that simple.
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Nov 5, 2018
1455 posts
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Toronto
7thEye wrote: here its only 5% and you can easily flip and double money next year
Risky strategy.
I do not need approval, I do not need friends. I do what I want.
Deal Fanatic
User avatar
Dec 11, 2005
8011 posts
1129 upvotes
TO
7thEye wrote: also just look at the scam run by Square one district condos by Daniels. Their deposit structure is deigned to scam dumb people into not seeing its 15% in year one.

This deposit structure is amazing
Typical daniel's marketing. I think someone already called this out earlier in this thread.
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Member
Oct 22, 2019
232 posts
211 upvotes
7thEye wrote: also just look at the scam run by Square one district condos by Daniels. Their deposit structure is deigned to scam dumb people into not seeing its 15% in year one.

This deposit structure is amazing
Thats not true...probably because its not a platinum agent. Attached is the SQ1 district deposit structure for platinum access.
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Newbie
Jul 16, 2013
19 posts
8 upvotes
The deposit structure seems to be 20% for bright water.

Or is it Westport we are talking about? Does anyone know if there are more one bed room units available?
Newbie
Jun 25, 2015
82 posts
55 upvotes
Toronto, ON
The 2 bedrooms 713 sq ft best buy. Deposit Structure is very doable for a lot of folks! When is projected occupancy?
Deal Expert
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Feb 11, 2009
17463 posts
4336 upvotes
Toronto
oasis100 wrote: Everyone thinks assignment they can make a killing on assignments. Maybe if they were condos bought 3 years ago. Not sure about today and assigning 3 years from now.
I'm sure that's what people said 3 years ago too Face With Tears Of Joy, but I get what you're saying, 3 years ago Precons were pretty much in line with resale. Today they already reflect a premium.
Real Estate Agent, MAcc, CPA, CA

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