How would you like to reside in one of Toronto’s best-kept secrets? If so, pay close attention to the Scarborough area, says industry expert Jeanhy Shim.
LOVE Condos, located at Bonis Avenue in Toronto, celebrated the grand opening of its presentation centre and designer model suite on Wednesday. Jeanhy kicked-off the occasion by speaking about the Scarborough condominium market, and how the area compares to other municipalities in the GTA.
Jeanhy is a real estate analyst and strategist in Toronto who has worked in the industry for over 20 years. Her experience has brought her a long way. She’s currently the president of Housing Lab Toronto and is also the Chair of the BILD High-Rise Committee, just to name a few.
“Scarborough has always flown a bit under the radar and has had a bit of a bad rap, but really there is no justification for it,” she said.
LOVE Condos considers itself to be the best-valued condo project in the area. The units range from 487 to 1049 square feet, with prices starting in the mid $200,000s. Plus, there’s a cashback program of up to $25,000, along with a five per cent deposit.
“Home prices are quite high, and it really speaks to why we’ve seen such a such a boom in condominium sales in general. They’re a much more affordable alternative,” Jeanhy said.
“Even though Scarborough isn’t physically far away from [other areas in Toronto] the affordability is still there.”
Take a peek at some of the photos we snapped from the grand opening here:
Jeanhy explains how the number of dwellings in Toronto has drastically increased over the years.
Smile! From left to right: Linda Mitchell Young, Vice President of Sales and Marketing at Baker Real Estate; Maurice Lerman, Project Manager at Gemterra Developments; Yan Wang, Vice President of Gemterra Developments; Pat Baker, CEO of Baker Real Estate; Yuzhi Shi, Yan’s mother; and Zhendong Wang, President of Gemterra Developments.
The 20-storey development has a long list of impressive amenities. Weather getting nippy? Take advantage of the indoor swimming pool and yoga and fitness facilities. There will also be a 24/7 concierge and cozy rooftop terrace.
LOVE Condos is slated for completion in late 2014.
For more information, call 416-491-5683 or email email@example.com.