Markham Boxgrove Real Estate Blog

Helping Buyers and Sellers real estate needs in Markham's Boxgrove and Morningside Heights communities

Encore Condos- Scarborough Town Centre- LAST CHANCE VIP discounts

Get the discounted prices before the project goes public.

All suites get 6 brand name stainless steel kitchen appliance.
Fridge, Stove, Dishwasher, Microwave Range Hood Fan, Washer, Dryer 
Kitchen granite countertop and marble countertop in bathroom.
Parking included in 1BR + Den, 2BR suites.

Studio - Discount $5000 - priced from $139,900
1BR - Discount $5000 - priced from $190,490
1BR + Den - Discount $10K - priced from $265,490
2BR - Discount $15K - priced from $327,990
2BR + Solarium - Discount $20K - priced from $354,990

Tentative Occupancy Date: June 2013

Deposit Structure:  5% on signing, 5% in 90 days, 5% in 365 days, 5% in 543 days, 0% on occupancy

Maintenance Fees/ Taxes = $0.50 per Sq. Ft. 

On an average of approximately $400 square foot and Downtown condos going closer to $600-800 sq Ft and
higher.  This condo is a good investment in the heart of Scarborough, minutes from the TTC, shopping, 
theaters, 401 and University.

If you never invested before... but have a good line of credit, let me show you how I've invested in
pre-construction condos and made money.  It's not hard... you just have to have the stomach to take a 
calculated risk.  Toronto's real estate is hugely underpriced if compared to other big cities in the world.
Even Vancouver is more expensive.  With no space to build in Toronto, but up... and the government policy
supporting this... I wouldn't be surprised to see in another 3-4 years these same Condos at Scarborough Town
Centre currently selling at $400 sq FT  sell for $500- $600 per sq ft.

Contact me ASAP... if you are ready to invest or know of a friend, family member or neighbour who is looking
to invest in real estate.

Jas Jagpal, BSc. York University. C: (647) 272-6629  Fax: 416-352-5711
"Email me for VIP savings for investment condos and get a FREE
 complimentary Pin-Point Market Analysis when selling your home."

 

 

Real Estate Blog.....................www.1stoprealestate.ca

What's for Sale....................... www.JasJagpal.com

Morningside Heights Info....... www.LinkToMorningside.com

 


Encore Condos- Invest at Scarborough Town Centre- Take advantage of VIP discounts


Investors and home owners are contacting me to find out the price range and what units are still left.  So  I thought I'd just update everyone at the same time.  According to Monarchs Sales Reps about 40% of the units are already sold... probably higher as that conversation took place on the weekend while buying an investor unit.

Today's conversation:

1.  Some studio units and about 10-1BR units are held for the public when it is opened up to the public.  Most 1BR and Studios are sold.

2.  1Br + Den units - there is only 1 South unit and a few West units left.  North and East there are plenty still to sell.  The reason being they are facing the EQ1 Condo building and Centro Condos currently under construction.

3.  2BR + 2WR - SW facing - last time I heard they were sold out.  I've bought a couple and sold a few myself.  If you are seriously interested I can sell one of my units to you.  Must be purchased by April 13th.

4.  2BR + Solarium - SE facing- there are plenty units left.

In a nutshell if you are thinking of investing at Scarborough Town Centre then you need to act fast.  The VIP sale discounts have been extended... if you want to take advantage of them contact me ASAP... plus get a complete price list, unit layouts and worksheet to complete to get access to the discounts.

Prices:  Studio – from $139K,  1 Bedroom – from $190K,  1 Bedroom + Den/ Solarium – from $245K, 2 Bedroom – from $327K, 2 Bedroom + Solarium – from $354K

Read my previous blogs:  1. Running the Numbers "Monarch Encore Condos" Investment Opportunity and 2. Exclusive Condo - 39 Floor Beauty at Scarborough Town Centre - Encore at Equinox to get background and Investing Information.

Contact: Jas Jagpal, Remax Sales Representative E-mail: jasjagpal@rogers.com  C: 647-272-6629 

 

*Running the Numbers* -Monarch Encore at Equinox Condos - Investment Opportunity

My previous posts caught some peoples attention who are thinking of Investing or Buying a Condo.

Well I ran some numbers so you can see how investing in a Condo can make you money.

Those who purchased EQ1 and EQ2... and closed in December 2009 and early this year and recently sold.

Ex.1.  2BR+1 Solarium -  Purchased $244,410K (280 Sq Ft) | Sold $318K ($365 Sq Ft)

Ex. 2. 1BR + Den -  Purchased $173K | Sold- $237K ($361 Sq Ft) 

Ex. 3. I bought Tridel Metrogate 1BR + Den condo for - $199K.  Tridel's price list shows the same condo selling 1 year ago for $242K and Tridel is currently Selling Tridel-Ventus (ready in 2012) at $262,500  ($400 Sq Ft) 

So buying a Monarch Condo- at the EQ3 site -  at today's prices from $377- $400 Sq Ft and closing in June 2013... you can well imagine even at a conservative gain of 5% a year that a condo valued at $259 will sell for $299K... however if we get similar per sq ft gain as we saw above in Ex 1 and 2.  A 1BR + Den condo of 667 Sq Ft would sell for approximately $323K  That is a gain of $64K. 

Where else can you  double your money invested in 3 years?  For most not in the stock market and definitely not in a savings account.

Contact me ASAP for details and don't miss out on the first chance to get a suite before it opens to the general public and every real estate agent.

Jas Jagpal : jasjagpal@rogers.com : 647-272-6629