If you are thinking to buy a brand new condo with the plans to move in next year or you are just planning to invest your money in real estate. I recommend you to pay attention to a new condo development under construction at Bayview and Sheppard.
NY PLACE CONDOS offers great variety of units starting from low 200,000 and what is most important DANIELS (the builder company of the developer) offers TORONTO’S ONLY program RENT TO OWN.
I will explain you how it works:
1. You choose a 1 bedroom, 1+den or 2 bedroom suite. Sign an Agreement of Purchase and Sale and move into your new home starting as early as next spring.
2. While you reside in your new home, a portion of your monthly payment will be credited towards your down payment. the total amount accumulated will then be applied towards your 5% down payment.
3. At the end of the year all you will have ti do is to top off your 5% down payment for your closing.
If you have any questions regarding this particular complex or you need a professional advise on how and where to locate a condo of your dream, please feel free to contact me.
Keller Williams Real Estate Service