Real Estate

Bright water - Mississauga

  • Last Updated:
  • Oct 13th, 2020 5:10 pm
Deal Addict
Nov 23, 2003
1845 posts
381 upvotes
I’m staying away from precon condos and I’m a real estate bull. Freehold is calling me...
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
freehold requires a large amount of captial.

You can buy condos with 5% down and basically grab 4 for the same price as one free hols needing 20 % down
Deal Addict
Mar 27, 2004
4509 posts
2139 upvotes
Toronto
freehold are also 10% down, bc thats what tarion only covers.
Full-time Realtor
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
do you mean a pre con freehold? A pre-exisiting one I have always done 20 percent down
Deal Addict
Mar 27, 2004
4509 posts
2139 upvotes
Toronto
Well you are incorrect.
Full-time Realtor
Deal Expert
User avatar
Feb 11, 2009
17428 posts
4272 upvotes
Toronto
oasis100 wrote: This just sold few weeks ago, 300 Front St West, Tridel, downtown core. 7 year old building.

300 Front St W2907
Toronto Ontario M5V0E9
Sold:$685,500
With Parking.
667 sqft.

Maintenance only $424, and you get worldclass amenities at this building.

imo, it makes no sense the prices precons are selling for right now . minus parking, I can get a AAA grade building for less than 1k a sqft in the downtown core.
I've worked on 300 front a lot. That building gets thrown under because its a prime AirBNB hub. Not only that but the gang related shooting from 2016 still has left a mark on the reputation there. Because of that you'll always have prices lower there.
Real Estate Agent, MAcc, CPA, CA
Deal Expert
User avatar
Feb 11, 2009
17428 posts
4272 upvotes
Toronto
7thEye wrote: do you mean a pre con freehold? A pre-exisiting one I have always done 20 percent down
The vast majority of Precon Freeholds are at the 10% mark....
Real Estate Agent, MAcc, CPA, CA
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
I was able to get two units yesterday. It’s a beautiful development. Good luck to everyone buying there
Member
Dec 27, 2004
374 posts
19 upvotes
7thEye wrote: I was able to get two units yesterday. It’s a beautiful development. Good luck to everyone buying there
Congrats on the purchase!
Any additional details around pricing and incentives? The price list you had posted before didn't have all the sample floorplans. I presume no assignment fee and capped levies - what was maintenance like?
Newbie
Oct 8, 2007
42 posts
9 upvotes
Toronto
7thEye wrote: Prices are out. Whose copping?
this is insane pricing!! Close to $1200/sf for smaller units is just crazy...but I guess droves of investors will still buy. Boggles my mind. I wouldn't touch at these prices given the state of rental and resale market.
Deal Addict
User avatar
Nov 5, 2018
1426 posts
2073 upvotes
Toronto
mightybuckz wrote: this is insane pricing!! Close to $1200/sf for smaller units is just crazy...but I guess droves of investors will still buy. Boggles my mind. I wouldn't touch at these prices given the state of rental and resale market.
Thank heavens for Westport! :)
I do not need approval, I do not need friends. I do what I want.
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
It’s not. It was about 1000 PSL and this is a planned community with an LCBO. It’s not even remotely the same in terms of potential and doesn’t have the crap payment structure District did
Sr. Member
Jul 20, 2003
528 posts
41 upvotes
Maintenace was fair and you could reassign without penalty.
Deal Expert
May 30, 2005
44379 posts
4967 upvotes
Richmond Hill
7thEye wrote: It’s not. It was about 1000 PSL and this is a planned community with an LCBO. It’s not even remotely the same in terms of potential and doesn’t have the crap payment structure District did
I don't understand the LCBO comment. Somehow having an LCBO raises the site to a new level? :S
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