Real Estate

Bright water - Mississauga

  • Last Updated:
  • Oct 13th, 2020 5:10 pm
Deal Expert
May 30, 2005
44367 posts
4946 upvotes
Richmond Hill
CondoMan98 wrote: City Place, I guess.
People didn't really see City Place as "successful" in the beginning, that's for sure.

Heck, I think it's still questionable if it is even today. Successful maybe from an investment standpoint, but what isn't successful built in the last decade?
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Deal Expert
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Feb 11, 2009
17427 posts
4266 upvotes
Toronto
Jon Lai wrote: People didn't really see City Place as "successful" in the beginning, that's for sure.

Heck, I think it's still questionable if it is even today. Successful maybe from an investment standpoint, but what isn't successful built in the last decade?
City Place could have been successful, but quality of units there is what makes it a disaster. That is the sole reason most people prefer to stay away from City Place. It ended up being a cheap "party city" area for people to come and go.
Real Estate Agent, MAcc, CPA, CA
Deal Guru
Feb 29, 2008
12216 posts
7327 upvotes
Cityplace is crap. It is not a 1st choice for anyone who lives downtown. Cityolace North York is an eye sore. Would love for Concord to just leave Toronto.
Deal Expert
May 30, 2005
44367 posts
4946 upvotes
Richmond Hill
deal_with_singh wrote: The $/sqft isn't bad but the units are in a building which has nothing unique about it. The later towers are whats unique and worth while. For this price, Westport was a better buy.
That's true in retrospect. I wish I didn't get sucked into the marketing and wait for Brightwater.
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Sr. Member
Jul 20, 2003
528 posts
41 upvotes
You are looking at 1400 psf for those true waterfront ones. They are going to be ultra luxury.

Your beat bet is grab a south facing tower II today and you are laughing. Easy to sell for 1200 a sqft when other units will be 1400.
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
When the newer towers are 1400 psf these are 1050 will be easy to flip for 1200-1300.
Member
Dec 27, 2004
374 posts
18 upvotes
7thEye wrote: You are looking at 1400 psf for those true waterfront ones. They are going to be ultra luxury.

Your beat bet is grab a south facing tower II today and you are laughing. Easy to sell for 1200 a sqft when other units will be 1400.
Willing to share what unit you picked up?

There are two 15 story buildings coming to the south of Brightwater II by the water edge, so you'd need a unit on the east side of Brightwater II, facing south. The only floorplans with a true SE exposure are $1021/sqft & $1041/sqft.
Member
Jan 5, 2020
489 posts
522 upvotes
7thEye wrote: When the newer towers are 1400 psf these are 1050 will be easy to flip for 1200-1300.
How can you be so sure that you can flip all these condos at these prices?

You have to keep in mind that when you are flipping, you are competing against resale condos, which are currently going down in price, and not against other precons. Right now, you can buy a nice resale condo in downtown Toronto for $1000psf.
Deal Expert
May 30, 2005
44367 posts
4946 upvotes
Richmond Hill
Hogo wrote: Willing to share what unit you picked up?

There are two 15 story buildings coming to the south of Brightwater II by the water edge, so you'd need a unit on the east side of Brightwater II, facing south. The only floorplans with a true SE exposure are $1021/sqft & $1041/sqft.
Yea basically just suite 05 in the towers, which have the long hallways that I hate.
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Nov 5, 2018
1413 posts
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Toronto
Jon Lai wrote: Yea basically just suite 05 in the towers, which have the long hallways that I hate.
Those units are really expensive. You have to think...who is going to pay over $1MM for a condo. I typically go for affordable units that are under $650,000 because condos are entry-level housing. I like having entry-level costs to protect myself.
I do not need approval, I do not need friends. I do what I want.
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
I got the 1 BDROOM and den with 2 bathroom
Deal Addict
User avatar
Nov 5, 2018
1413 posts
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Toronto
7thEye wrote: I got the 1 BDROOM and den with 2 bathroom
That is a good one.
I do not need approval, I do not need friends. I do what I want.
Member
Jan 15, 2013
278 posts
177 upvotes
They show size then the outdoor size. Is the outdoor size included in the square footage? I think yes but don’t see where it says anywhere
Deal Expert
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Feb 11, 2009
17427 posts
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Toronto
Brightwater allocations were just released! - Wasn't actively dealing with this project but in case it wasn't posted before...

FREE ASSIGNMENT
(Value of $7,500. Plus Legal Fee & HST)*

Plus
DISCOUNTED PARKING
$60,000 $55,000

Plus
FREE LOCKER
(Value of $5,000) *

Plus
RIGHT TO LEASE DURING OCCUPANCY*

Plus
FREE MOVEABLE ISLAND
$3,500 Value Plus

CAPPED DEVELOPMENT CHARGES
$10,000 for 1B and 1B+D $12,000 for 2B and up
Plus

20% EXTENDED DEPOSIT STRUCTURE
$5,000 with APS
Balance to 5% in 30 days
5% in 180 days
5% in 540 days
5% on Occupancy
Real Estate Agent, MAcc, CPA, CA
Deal Addict
Mar 27, 2004
4502 posts
2134 upvotes
Toronto
that deposit structure will make people blindly buy anything.
Full-time Realtor

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