Scout Condos (St.Clair and Weston)

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Oct 17th, 2019 10:23 pm

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Oct 17th, 2019 11:27 am

Dayravi [OP]: Jr. Member; Aug 11, 2019; 164 posts; 175 upvotes; Toronto

Oct 17th, 2019 11:27 am

Scout Condos (St.Clair and Weston)

Hello!

I’m interested in investing in a pre-con (via assignment) at the Scout Condos (and Scoop Condos in particular at 1771 St Clair).

What is everyone’s thoughts about the area? I know the Streetcar runs across St.Claire and has its own dedicated lanes, and that’s a big selling feature for me. Hopefully it is quicker to get AAA quality tenants.

Would the appreciation in that neighbourhood be comparable to other pre cons in mid town?

The assignments I’m looking at are priced better than Monza, 900 St Claire, and any new project along Eglinton.

Thanks!

Full Time Realtor
GTA & Surrounding Areas

4 replies

Oct 17th, 2019 11:53 am

CondoMan98: Deal Addict; Nov 5, 2018; 1611 posts; 2458 upvotes; Toronto

Oct 17th, 2019 11:53 am

I remember last year how cheap Scout was. I almost pulled the trigger. The area isn't great, but at the price point they were offering it was attractive. You can't compare it to Monza as Monza is closer to Bathurst. Scout is in a weird area, although gentrifying. What price are the assignments?

I do not need approval, I do not need friends. I do what I want.

+1

Oct 17th, 2019 12:49 pm

JayLove06: Deal Guru; Feb 29, 2008; 12569 posts; 7798 upvotes

Oct 17th, 2019 12:49 pm

CondoMan98 wrote: ↑ I remember last year how cheap Scout was. I almost pulled the trigger. The area isn't great, but at the price point they were offering it was attractive. You can't compare it to Monza as Monza is closer to Bathurst. Scout is in a weird area, although gentrifying. What price are the assignments?

Yea, they were cheap

+1

Oct 17th, 2019 10:09 pm

Dayravi [OP]: Jr. Member; Aug 11, 2019; 164 posts; 175 upvotes; Toronto

Oct 17th, 2019 10:09 pm

CondoMan98 wrote: ↑I remember last year how cheap Scout was. I almost pulled the trigger. The area isn't great, but at the price point they were offering it was attractive. You can't compare it to Monza as Monza is closer to Bathurst. Scout is in a weird area, although gentrifying. What price are the assignments?

The assignment I am interested in was thru a distress sale for about $670 a square foot including parking. It was a 2bedroom 2 washroom property.

Only downside is, I’d need to rent it out for at least $2,500 to be profitable on a month to month basis.

Full Time Realtor
GTA & Surrounding Areas

Oct 17th, 2019 10:23 pm

CondoMan98: Deal Addict; Nov 5, 2018; 1611 posts; 2458 upvotes; Toronto

Oct 17th, 2019 10:23 pm

Dayravi wrote: ↑ The assignment I am interested in was thru a distress sale for about $670 a square foot including parking. It was a 2bedroom 2 washroom property.

Only downside is, I’d need to rent it out for at least $2,500 to be profitable on a month to month basis.

That’s a good deal IMO.

I do not need approval, I do not need friends. I do what I want.

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