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Incredible Pre-Construction Pricing at Subway Station - Menkes Bravo - Vaughan Metropolitan Centre

Автор: CondoWong

Загружено: 2023-05-28

Просмотров: 17761

Описание: ☎️ Schedule a Call with Dan:
https://www.condowong.ca/call

📩 Bravo - Floor Plans & Incredible Pre-Construction Pricing:
https://www.condowong.ca/bravo

I was shocked when I received this price list.

👉 Pricing:
Studio - From $450,000
1 Bedroom - From $570,000
1+Den - From $650,000
2 Bedroom - From $750,000

👉 Deposit:
10% Deposit in the 1st Year
5% Deposit in the 2nd Year
Total 15% Deposit before Occupancy in Early 2028

Where do you think this project is?

It is not downtown Toronto, obviously.

Mississauga?

Brampton?

Nope. It is actually on the subway line.

And it is the Line 1 subway, the yellow line.

Yes, so you are paying Mississauga and Brampton prices, but you are getting a major subway location.

There is only one developer who can afford to offer this deal to you.

2023 has been a tough year for condo developers.

On one hand, many investors don't have the appetite to invest because of the high interest rates.

On the other hand, construction costs are way up because of inflation.

If they just reduce the price to attract more investors, that may eat into their profit margin so much that it's better for them to just cancel the project.

In fact, project cancellations are on the rise, so you have to be extremely careful when you choose the developer.

In the new downtown Vaughan, the Vaughan Metropolitan Centre, there is around 260 acres of land.

The developer Menkes owns approximately 100 acres, that's 38%.

Must be a very powerful developer, right?

You bet, with 70 years of history.

They launched the Festival project, with 2 condo towers, for sale in 2020 when we were deep in the pandemic and it earned the title of Canada's best selling condo project in the year.

Then they launched another 2 towers, the Grand Festival, for sale in 2021 and again it was the best selling condo in our entire country.

This year, Menkes will be launching a new project besides the Grand Festival.

It is called Bravo.

Because Menkes owns such a significant portion of downtown, they are going to interconnect their buildings with an underground pathway, just like the PATH in downtown Toronto.

For example, there's a 25,000 square foot supermarket in Grand Festival and you're in the new project Bravo, you can just walk over there without a jacket in the winter.

Where else can you find an indoor PATH system other than downtown Toronto?

That's downtown Vaughan.

Menkes will be building here for the next 15 to 20 years.

This is a master planned community, they cannot just pause because this year is a tough year, they have to continue building.

But what they can do is to offer Bravo at an incredible pricing, like I said at the beginning, Mississauga and Brampton pricing at a subway location.

They can get this project going and make it up later with higher pricing because they still have so many buildings in the pipeline.

Other developers cannot afford to do this if they are just building a single tower.

So for us investors, we get this great opportunity because most people are scared away.

That's why the best time to invest is when the market is down.

If you want to take advantage of this opportunity, schedule a call with me:
https://www.condowong.ca/call

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Incredible Pre-Construction Pricing at Subway Station - Menkes Bravo - Vaughan Metropolitan Centre

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